(Brands & Consumers)
In a highly anticipated move, Reddit unveiled its pricing strategy for its upcoming initial public offering (IPO), setting the stage for its entry into the stock market. The social media platform expects to price its shares between $31 and $34 each, making it the first major social media company to go public in years. The…
Apple has reversed its decision to ban Epic Games, the creator of “Fortnite,” from launching its own app store on iOS in Europe. This abrupt reversal comes just a day after European Union officials announced an investigation into the matter, marking the first significant test of Europe’s new digital competition rules that came into effect…
In a recent revelation, Microsoft disclosed a significant breach by Russian state-backed hackers, indicating a more extensive intrusion into its core software systems than previously acknowledged. The tech giant disclosed in a filing with the US Securities and Exchange Commission that hackers gained access to its source code repositories and internal systems, exploiting information stolen…
Despite experiencing a significant drop in profits due to reduced production and falling oil prices in 2023, Saudi Aramco remains resilient, reporting the second-highest profit in its history. The energy giant revealed a 25% decline in profits, amounting to $121 billion, following a record-breaking year in 2022. However, this figure still stands as one of…
Best Buy has rolled out an enticing deal for gamers, offering a discounted bundle featuring Sony’s new PlayStation 5 “slim” console alongside a digital copy of Marvel’s Spider-Man 2. Priced at $449.99, the bundle marks the first discount on the PS5 “slim” since its release. The revised PS5 boasts a sleeker design and a detachable…
Real Madrid has announced an exciting collaboration with their shirt sponsor, Adidas, unveiling a premium product line featuring club legend Zinedine Zidane and current sensation Jude Bellingham. The partnership has caused a stir on social media platforms. Bellingham, who inherited Zidane’s iconic No.5 shirt upon joining Madrid, has made a significant impact on the team’s…
Nike’s highly anticipated Alphafly 3 running shoe, famously worn by the late Kelvin Kiptum, triggered a wave of frustration among runners after selling out within minutes of its release. Scheduled for general sale at 8 am on Thursday, March 7, the UK launch of the Alphafly 3 witnessed a rapid depletion of available sizes, leaving…
The House Energy and Commerce Committee has unanimously approved a bill that could result in a nationwide ban on TikTok, intensifying concerns among lawmakers about the popular social media platform’s ties to China and its potential security risks. The proposed legislation mandates TikTok’s separation from its Chinese parent company, ByteDance, within 165 days. Failure to…
Australia’s financial crime watchdog, the Australian Transaction Reports and Analysis Centre (Austrac), has initiated an investigation into the UK-based online gambling firm Bet365 concerning its adherence to anti-money laundering and counter-terrorism financing regulations. This move follows Austrac’s directive for an external audit of Bet365 in 2022, aimed at evaluating the company’s compliance practices. Bet365 has…
A Google employee, Linwei Ding, also known as Leon Ding, has been charged with four counts of theft of trade secrets for allegedly stealing artificial intelligence (AI) technology from the tech giant while collaborating with two Chinese-based companies in the AI industry. If convicted, Ding, a 38-year-old Chinese national residing in California, could face up…
Carlo Ancelotti, the current manager of Real Madrid, is facing potential legal troubles that could result in a five-year prison sentence for alleged tax evasion during his earlier tenure with the club. Spanish state prosecutors have levelled accusations against the Italian coach, claiming that he utilized shell companies to conceal portions of his income during…
Rihanna’s Fenty Beauty has finalized a deal with beauty retailer Nykaa for its much-anticipated launch in India, diverging from earlier speculation linking the brand’s debut with Sephora. Reports initially suggested a partnership between Rihanna and the French multinational Sephora following the singer’s performance at the pre-wedding celebration of Indian billionaire Mukesh Ambani’s son. Ambani, chair…
Pepsi has made a splash with the launch of its revamped visual identity, marking the first major global redesign in 14 years. The refreshed Pepsi logo was revealed through striking digital installations across iconic landmarks worldwide, heralding the brand’s new era with a blend of nostalgia and modernity. From London’s O2 arena to the skylines…
NEOM, the visionary regional development project in northwest Saudi Arabia, has introduced Gidori, an extraordinary private golf community nestled amidst the picturesque coastal hills of the Gulf of Aqaba, setting a new standard for luxury living and leisure experiences. Gidori boasts innovative architecture that harmonizes seamlessly with the surrounding natural beauty, offering a blend of…
As anticipation builds for the upcoming Kentucky Derby on May 4th, Woodford Reserve has introduced its highly anticipated 2024 commemorative bourbon bottle, adorned with captivating custom artwork sure to enthral bourbon aficionados. Known as the “Official Bourbon of the Kentucky Derby” since 1999, Woodford Reserve’s association with the prestigious event is longstanding. This year’s release…
New York City is gearing up for a spectacular celebration of music, empowerment, and community as Grammy and Emmy Award-winning artist Mary J. Blige teams up with Pepsi to present the highly anticipated third annual Strength of a Woman Festival and Summit. Set against the vibrant backdrop of the city that never sleeps, this year’s…
A Microsoft employee has voiced concerns over the potential harm caused by the company’s artificial intelligence systems, particularly in generating offensive images, prompting a letter to the US Federal Trade Commission. Shane Jones, a principal software engineering lead at Microsoft, highlighted issues with the AI text-to-image generator Copilot Designer, citing its tendency to produce inappropriate…
According to a report by research firm Counterpoint, Apple experienced a significant decline in iPhone sales in China, with a 24% decrease in the first six weeks of 2024 compared to the previous year. Meanwhile, Chinese tech giant Huawei witnessed a substantial 64% increase in sales during the same period, intensifying competition in the Chinese…
Tesla’s manufacturing plant in Berlin, Germany, faced disruption after an arson attack targeted a high-voltage electricity pylon, leading to a halt in production. The assault, claimed by a group identifying as the “Volcano Group,” was detailed in a letter published on the alternative German media platform Kontrapolis. While police in Brandenburg believe the letter’s authenticity,…
A federal judge has given the green light for parts of a $250 million copyright infringement lawsuit to move forward against Elon Musk’s X, dealing a setback to the social media company amid accusations of facilitating unauthorized use of artists’ music. The ruling exposes X, formerly known as Twitter, to allegations that it provided preferential…
Accenture revealed its acquisition of the learning platform Udacity today, signalling a strategic move to strengthen its offerings in AI-focused education. While the financial details of the acquisition were not disclosed, Accenture also unveiled a significant investment of $1 billion in the development of LearnVantage, a technology learning platform aimed at meeting the rising demand…
Amidst waves of layoffs and studio closures plaguing the gaming industry, there emerges a glimmer of hope. Toys for Bob, renowned for its acclaimed Spyro remake and latest Crash Bandicoot instalment, has announced a bold move towards independence. In a statement published on their website, Toys for Bob declared their transition to an independent studio,…
Electronic Arts (EA), the renowned developer behind popular franchises like Madden NFL and Apex Legends, revealed plans to lay off 5% of its workforce as part of a larger restructuring effort within the gaming industry. In a securities filing on Tuesday, EA stated that the layoffs are intended to support strategic priorities and growth initiatives,…
In a major boost to the box office, the highly anticipated sequel “Dune: Part Two” has stormed into theatres, claiming the top spot with an impressive $81.5 million in domestic ticket sales during its opening weekend, according to studio estimates. Globally, the film has raked in a total of $178.5 million. Jeff Goldstein, the president…
The European Union has imposed a hefty fine of €1.8 billion (£1.5 billion) on tech giant Apple for breaching competition regulations in the field of music streaming. According to the European Commission, Apple infringed competition laws by preventing streaming services from informing users about alternative payment options outside of the Apple app store. This restriction,…
Oprah Winfrey, renowned media mogul and long-standing director of WeightWatchers, is stepping down from the company’s board, marking the end of her nearly decade-long tenure. The announcement sent shockwaves through the market, with WeightWatchers’ stock experiencing a significant decline. Winfrey conveyed her decision to the company earlier this week, indicating that she will not seek…
In a bid to revolutionize talent identification and scouting in soccer, a London-based technology company has launched an AI-powered mobile app that is gaining traction among top soccer clubs worldwide. The aiScout app, available for free download globally, allows aspiring soccer talents to participate in virtual trials for professional clubs by uploading self-recorded footage of…
Tech mogul Elon Musk has initiated legal action against OpenAI and its CEO Sam Altman, alleging a breach of contract. Musk, who co-founded OpenAI in 2015, contends that the organization has strayed from its original nonprofit mission by engaging in profit-driven activities, particularly through a partnership with Microsoft valued at $13 billion and the withholding…
Kanye West has stirred controversy yet again, this time by leaking what he purports to be an internal adidas document, alleging a conspiracy against him by the sportswear giant. In a now-deleted Instagram post on Thursday, Ye shared what he claimed was a memo from adidas instructing employees on how to handle inquiries from the…
Sony Pictures Entertainment has made a substantial acquisition, procuring the script for “Cola Wars,” a forthcoming film centered on the fierce competition between soda giants Pepsi and Coca-Cola. Although the exact financial terms remain undisclosed, insider sources reveal that the deal closed for approximately $1 million. Penned by Jason Shuman and Ben Queen, “Cola Wars”…
Anheuser-Busch InBev, the world’s largest brewer, faced a significant setback, potentially losing over $1.4 billion in sales due to a boycott following its brief collaboration with a transgender influencer to promote Bud Light beer. Despite reporting record revenues for 2023, Anheuser-Busch InBev acknowledged that its US business suffered from the fallout of the boycott, with…
Mercedes-Benz has revealed its intention to introduce the highly anticipated Mythos series, set to debut in 2025. While details have been scarce since the initial announcement in 2022, the luxury automaker has confirmed that development efforts are progressing steadily, hinting at an imminent unveiling of the first Mythos-badged vehicle. The revelation surfaced during a comprehensive…
Coca-Cola, the renowned US beverage conglomerate, is set to inject a whopping $1 billion into its business operations in the Philippines, as announced by the President’s Office. The proclamation follows a pivotal meeting between top executives from Aboitiz Equity Ventures (AEV) and Coca-Cola Europacific Partners (CCEP) with Filipino President Ferdinand Marcos Jr. According to insights…
Alphabet Inc., the umbrella corporation encompassing tech giant Google, faced a substantial decline of approximately $90 billion in market value on Monday, spurred by mounting apprehensions surrounding the company’s generative artificial intelligence (AI) product. The turmoil surrounding Google’s Gemini AI service has cast a shadow over Alphabet, exerting a notable impact on its stock performance…
In a surprising turn of events, EA’s Need for Speed Unbound extends its live service support into a second year, delivering fresh content, including new cars, themed events, and game modes inspired by classic NFS titles. Today, the highly anticipated Volume 6 update hits all platforms, marking the beginning of a series of updates aimed…
Nas, the celebrated hip-hop artist, is leading an ambitious endeavour to reshape the landscape of New York City, particularly his hometown of Queens. Teaming up with Resorts World Casino New York City and its parent company, Genting America East, Nas is championing a $5 billion redevelopment project aimed at breathing new life into the community….
The era of sleek Huawei smartphones adorned with the Porsche Design logo has come to a close with the conclusion of the Huawei and Porsche Design partnership last year. The Huawei Mate 60 RS Ultimate marks the final product of this collaboration. Following the cessation of the Huawei partnership, Honor and Porsche Design joined forces,…
Nokia and Telecom Argentina have entered into a collaborative agreement aimed at advancing the GSMA’s Open Gateway ecosystem for network operations across Latin America. The collaboration will leverage Nokia’s Network as Code platform with a developer portal, granting developers access to Application Programming Interfaces (APIs) and software development tools. This initiative aims to enable developers…
Following a teaser at the Galaxy S24 launch event, Samsung is gearing up to officially introduce its latest innovation, the Galaxy Ring, at the upcoming Mobile World Congress (MWC) 2024. In a press release, Samsung hints at an extensive “Intelligent Health lineup” that will leverage artificial intelligence (AI) to provide a more personalized user experience….
Barcelona finds themselves at a crossroads in their kit manufacturing saga, with talks underway with both Nike and Puma as they seek the best possible deal. Having maintained a longstanding partnership with Nike, which began over two decades ago, Barcelona’s current contract with the American sportswear giant is set to continue until 2026, with the…
LG Electronics Inc. has revealed its plans to launch the highly anticipated 2024 LG OLED TV and QNED (Quantum nano-emitting diode) TV models equipped with advanced artificial intelligence (AI) capabilities in the South Korean market on Mar. 13. In a bid to offer consumers a broader range of options, LG is adopting a dual-track strategy…
Kanye West’s feud with Adidas escalates as he accuses the brand of producing counterfeit Yeezys, prompting fellow artist Davido to extend an invitation to join Puma. West took to Instagram on February 26, 2024, to air his grievances against Adidas, alleging a $250 million lawsuit and non-payment for shoes bearing his name. In a bid…
Macy’s, under new CEO Tony Spring’s leadership, is set to close approximately 150 underperforming stores over the next three years, about 30% of its total fleet, to ensure its relevance to shoppers. Spring, who assumed the role on February 4, aims to optimize the remaining 350 Macy’s locations while expanding smaller store formats and increasing…
Pepsi has joined forces with Reebok and basketball icon Shaquille O’Neal to introduce the Pepsi ‘Sneak’er, a unique pair of Reebok Pump Shaq Attaq shoes featuring a special compartment designed to hold a full Pepsi Mini Can within the sole. The collaboration, crafted with the expertise of the Shoe Surgeon, is tailored specifically for O’Neal,…
A scathing report released by the Federal Aviation Administration (FAA) on Monday has shed light on significant safety culture shortcomings at Boeing, the aircraft manufacturer plagued by two fatal crashes and ongoing safety concerns. Contrary to Boeing’s assertions of prioritizing safety, the report, authored by a panel of industry experts, uncovered a lack of “objective…
BYD, the Chinese automaker recently crowned as the world’s leading electric vehicle seller, has launched its latest innovation in the automotive market: the all-electric Yangwang U9 supercar. With nearly 1,300 horsepower under the hood, this new entry is poised to rival established luxury brands like Lamborghini and Ferrari. Featuring four electric motors and all-wheel-drive capability,…
In a recent move, Netflix has advised its customers who pay for their streaming subscription through Apple’s App Store to switch their payment method to avoid potential disruptions in service. The streaming giant announced the policy change, indicating that members billed through Apple’s platform may soon receive prompts to update their payment information directly through…
Kanye West took to social media on Monday to address his ongoing dispute with adidas, warning fans against purchasing unauthorized Yeezy-inspired products from the sportswear giant. In an Instagram video, the Chicago native expressed frustration over adidas allegedly releasing unauthorized colorways and failing to compensate him for his designs. West claimed that adidas is suing…
A concerning trend has emerged within the charity sector, as agencies continue to pitch “Nike-style” advertisements to non-profit organizations, leaving charity heads frustrated and campaigns ineffective. Rob Trono of Blue State has raised the alarm after multiple charity clients expressed their discontent with proposed ad campaigns that prioritize brand recognition over meaningful connections with donors…
In a legal dispute over packaging design, Mondelez, the manufacturer of Milka chocolate, has filed a lawsuit against Tony’s Chocolonely, alleging the imitation of its distinctive purple packaging. Tony’s Chocolonely recently introduced four new temporary wrappers, drawing inspiration from popular chocolate bars, including Milka, as well as products from other companies like Mars. The move…
