(Brands & Consumers)
In a strategic move aimed at reducing costs, UPS has revealed plans to cut 12,000 jobs, primarily targeting manager and contractor positions. The decision comes as the company seeks to save $1 billion, addressing challenges and disappointing sales projections for the upcoming year. UPS has adjusted its sales outlook for the year, anticipating global revenue…
Elon Musk, through his startup Neuralink, announced a groundbreaking development as the company successfully implanted a chip in a human brain for the first time. Musk shared the news on his X platform, revealing that the procedure took place on Sunday, and the patient was reportedly in good recovery. While Musk’s disclosure marks a significant…
Starbucks is set to introduce its Oleato lineup, featuring extra virgin olive oil-infused drinks, across its US and Canada locations starting Tuesday. The expansion follows a limited launch in select cities last year, despite some customers expressing dissatisfaction with the beverages causing discomfort. Oleato comprises two offerings: an oat milk latte infused with extra virgin…
Amazon Prime Video has undergone a notable change for its members, as starting today, viewers may observe the inclusion of “limited” advertisements in shows and movies. To access an ad-free experience, Prime members will have the option to pay an additional $2.99 per month, a move announced by Amazon in September. The introduction of ads…
In a significant development, Toyota has announced the suspension of shipments for several models, including the popular Hilux truck and Land Cruiser 300 SUV. This decision comes in the wake of irregularities discovered in certification tests for diesel engines developed by Toyota’s affiliate, Toyota Industries. A special investigative committee identified anomalies during horsepower output testing…
In a surprising turn of events, Amazon and iRobot have mutually called off their anticipated $1.7 billion acquisition deal, citing various regulatory obstacles. Following this announcement on Monday, iRobot disclosed plans to lay off 31% of its workforce, amounting to around 350 employees. Founder Colin Angle will step down as CEO, with Glen Weinstein appointed…
Fast fashion giant Boohoo is set to close its distribution centre near Daventry, Northamptonshire, less than three years after its 2021 opening. The company attributed the closure to the recent establishment of a new facility in the United States and a significant £150 million investment in its Sheffield location. Approximately 400 employees will be affected…
PepsiCo is set to delight soda enthusiasts by resurrecting the beloved MTN Dew Baja Blast, marking the iconic flavour’s 20th anniversary. The tropical-lime concoction has cultivated a dedicated fan base over the years and is poised to make a triumphant return to store shelves nationwide. Unlike its competitor Coca-Cola, which has yet to offer an…
In a celebration of three decades of innovation, adidas has unveiled the Predator 24, a cutting-edge football boot that seamlessly merges 90s nostalgia with contemporary performance features. This new Predator pays homage to its roots while catering to the demands of today’s elite goalscorers. The prestigious Predator 24 will be sported by some of the…
In a groundbreaking move, World Wrestling Entertainment (WWE) has officially inked a colossal partnership with streaming giant Netflix. The collaboration, valued at $5 billion over the next decade, will bring WWE’s flagship weekly wrestling program, Monday Night Raw, to the Netflix platform, starting from January 2025. The streaming service will cater to viewers in the…
