(Brands & Consumers)
American businessman and Tesla boss, Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn), as reported by BBC. The sales took place after the firm’s annual shareholder meeting last week, regulatory filings show. Musk says he needs the money in case he is forced to buy Twitter…
Domino’s’ Italian job was harder than it looked. As reported by CNN, seven years after Domino’s made its debut in the country, the American pizza giant has formally shut its stores after it failed to win over locals who preferred homegrown options, according to a report by Milano. EPizza SpA, the franchise operator of the…
Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices, as reported by CNBC. On a monthly basis, prices were flat as energy prices broadly declined 4.6% and gasoline fell 7.7%….
The long-gone battery percentage on iPhones is finally back on the latest iOS 16 Beta 5 for developers as Apple has updated the battery icon to display the exact percent value instead of the graphical version. However, not all iPhone models will get to see the new indicator through this update, as reported by Nextpit….
In terms of ranking and research, the 2023 Nissan Z’s #6 ranking is based on its score within the Sports Cars category. Currently the Nissan Z has a score of 8.2 out of 10, which is based on our evaluation of 13 pieces of research and data elements using various sources. It ranks number 6…
Reports have emerged that Nest Hub and Nest Hub Max are apparently struggling with Fuchsia, which was rolled out about a year ago and was not entirely bug-free from the start, as reported by Realmicentral. It should be recalled that Google doesn’t only work on Android and Chrome OS as operating systems. With Fuchsia, there…
Lightning struck a large oil storage tank on Friday evening in Matanzas, Cuba, causing a huge fire. “We are closely following the confrontation with the fire in the industrial zone. We trust the authorities of the brave province, the brave firefighters, and the CUPET workers,” tweeted President Miguel Díaz-Canel, referring to the state-owned Cuba Oil…
Alibaba has posted a flat revenue growth for the first time since becoming a public company, but investors don’t seem to be ruffled by this, as reported by CNN. Shares of the Chinese tech and e-commerce giant jumped more than 6% in premarket trading in New York while its stock in Hong Kong had earlier…
A community has come together to help the owners of a corner shop whose entire stock of chocolate melted. As reported by BBC, Ellis Stores in Scunthorpe lost about £1,000 worth of goods after its air conditioning failed to cope during the recent heatwave. An online appeal by Claire York, the daughter of the shop’s…
Toyota Motor Corp’s profit slumped a worse-than-expected 42% in its first quarter as the Japanese automaker was squeezed between supply constraints and rising costs. As reported by Reuters, operating profit for the three months ended June 30 sank to 578.66 billion yen ($4.3 billion) from 997.4 billion yen in the same period a year ago,…
Tinder chief executive Renate Nyborg is leaving the firm less than a year after becoming the boss of the dating app. Her exit was one of a number of management changes at Tinder announced by parent company Match Group. Tinder’s plans to adopt new technology, including virtual currencies and metaverse-based dating, are also being reviewed…
In a tragic tur of event, a 20-year old man who shot a 23-year-old McDonald’s employee in the face for allegedly arguing with him over the temperature of fries have been arrested by the police. The incident happened at around 19:00 local time. As reported by the Daily News, the customer ordered some fries and,…
There has been a all-time-high spike in the number of people driving for Uber as a source of income, as concerns about the rising cost of living push people to find new ways to make money. According to the CEO, Uber, almost 5 million people have now registered on Uber and are now picking up…
The fifth-largest largest commercial bank in the US has been fined by the Consumer Financial Protection Bureau for illegally accessing consumer credit reports and opening accounts without their permission, as reported by CNN. U.S. Bank, which is based in Minneapolis and has over $559 billion in assets, pressured its employees to meet sales goals as…
Social media giant, Instagram has announced that it will be pausing the rollout of new features on its app following backlash online from users, influencers and celebrities. Among the new features was an increase in recommended video content, in a similar style that rivals TikTok, as reported by BBC. The display and feeds were criticised…
British Airways owner IAG has recorded a profit for the first time since the beginning of the Covid-19 pandemic, despite the wave of challenges it has had to contend with at the Heathrow Airport. The company revealed that it had recorded a significant increase in the number of flights and passengers it handled. Operating profit…
Microsoft has posted the fourth quarter of its 2022 financial results, reporting revenue of $51.9 billion and a net income of $16.7 billion, as reported by The Verge. Revenue is up 12 percent, and net income has increased by just 2 percent. However, while revenue was up, Microsoft saw some of its core businesses, including…
Google has slightly tweaked the overall shape of its Google Play logo to celebrate its 10-year anniversary. However, the most notable changes are the less vibrant colors that more closely match the green, yellow, blue, and red hues that Google uses for many of its other services. It’s a subtle adjustment that also complements the…
Amazon is set to increase the price of its Amazon Prime service for UK customers. From September 2022, monthly subscriptions will go up £1 to £8.99 monthly and annual membership will increase from £79 to £95. Amazon revealed that the price rise was its first in the UK since 2014 and was due to “increased…
American tech giant, Google has fired one of its engineers who said the company’s artificial intelligence system has feelings. Last month, Blake Lemoine went public with his theory that Google’s language technology is sentient and should therefore have its “wants” respected. Google, plus several AI experts, denied the claims and the company has confirmed that…
Volkswagen’s CEO, Herbert Diess is leaving his post in a surprise move, effective September 1, as reported by the BBC, According to the company, Diess will be replaced by Oliver Blume, the Head of Volkswagen (VLKAF)’s Porsche performance car division. Volkswagen, the world’s second largest automaker, did not provide a reason for Diess’ exit. However,…
Social media giant, Twitter has revealed that it spent $33m (£27m) on Elon Musk’s proposed deal to buy the firm between April and June 2022. It also said its number of monthly daily users had risen to 237m – but it reported a net loss of $270m, which was worse than expected. It would be…
FC Barcelona and Spotify’s partnership has officially kicked off with the popular audio streaming platform becoming the club’s main partner and Official audio streaming partner. As part of the agreement, the Swedish company, as reported by FC Barcelona also becomes the Title Partner to the stadium, which from today bears a new mural on its…
Barely a year after Tesla announced a major investment in Bitcoin, the company has now sold off most of its holdings of the cryptocurrency. At the end of 2021, Tesla offloaded 75% of its Bitcoin, which was worth about $2bn (£1.7bn) at the time. This saw the electric car company backing away as the value…
A judge in the United State has ordered that the lawsuit between social media giant, Twitter and American billionaire and businessman Elon Musk go to trial in October 2022. This comes as a blow to Musk who had earlier asked for a postponement in the commencement of the trial with his team citing complexities. Twitter…
There have been whispers of an impending freeze on hiring and even layoffs across financial firms as soaring interest rates and recession fears have tanked appetites for mergers, IPOs and other big corporate deals, sources revealed to The Post. At an industry luncheon last week with executives from top banks including JPMorgan and Morgan Stanley,…
Apple leaks have revealed that the iPhone 14 Pro models will receive multiple exclusive upgrades and higher pricing. However, fresh reports have revealed that the standard iPhone 14 models will also receive a price bump, despite being virtually unchanged from their predecessors. Speaking to The Sun, Dan Ives, Head of Popular Analyst Group Wedbush Securities…
These are not e best of times for streaming giant, Netflix as it prepares to report its second-quarter earnings on Tuesday in what is shaping up to be one of the most consequential moments in the company’s 25-year history. As reported by CNN, Netflix is having a terrible year. In April, the company reported that…
American billionaire and businessman, Elon Musk’s chances of winning the lawsuit filed against him by Twitter appears to have taken a precarious position with the appointment of the judge in the trial, a legal expert has submitted. Kathaleen McCormick has appointed herself to oversee Twitter’s lawsuit in the Delaware Chancery Court, which followed Musk’s decision…
Movie streaming giant, Netflix has teamed up with Microsoft to offer a cheaper subscription plan, which will show advert to customers. Netflix explained that the service will be an “addition” to its existing plans, which do not include adverts. The company is yet to reveal details of how much it plans to charge subscribers for…
PepsiCo has raised its revenue outlook for the year, as inflation pushed up prices and people paid more for its Doritos chips and Gatorade drinks as it deploys price hikes, smaller sizes to fight rising costs. Expecting costs to rise even higher in the second half of the year, the global food and drink giant…
American billionaire and businessman, Elon Musk has officially been sued by Twitter after the tech mogul announced they he is backing down from his $44bn offer to buy the platform, as reported by Marca. Last week, Musk sent the Twitter board a letter where he revealed that the reason he was backing down was down…
Twitter shares have suffered a drop after Elon Musk announced his decision to pull out of a $44 billion (£36bn) deal to buy the social media platform. Twitter’s share price stood at about $32.64 as Monday trading closed – falling further below the $54.20-a-share takeover price agreed by Mr Musk and Twitter’s board in April….
Billionaire businessman, Elon Musk has responded to Twitter’s move to file a lawsuit against him by tweeting out a meme of him laughing shortly after Twitter reportedly instituted a move to sue him for dropping his $44 billion takeover bid of the company. The post has a series of four photos of the Telsa founder…
Apple Pay Later will now allow users to split the cost of their purchases into four, interest-free payments anywhere Apply Pay is accepted, as reported by Fox Business. The new BNPL option, according to Fox Business, will be available in the wallet app when Apple releases iOS 16 in September. BNPL providers partner with retailers…
These are not the best of times in Canada as the country’s largest mobile and internet provider has suffered a major outage, with bank ATMs and emergency service hotlines affected. Government operations have also been hit by the Rogers Communications issue as the company says it is working to restore internet service. In a statement…
American billionaire businessman, Elon Musk has pulled out of the deal to buy Twitter as he seeks to officially end his $44bn (£36bn) bid to buy the social media brand on the heels of alleged multiple breaches of the agreement. It would be recalled that Musk had explained that he backed out because Twitter failed…
Uganda has discovered 31 million metric tons of gold waiting to be mined in the country after several surveys were conducted. According to a spokesperson from the Ministry of Energy and Mineral Development in Uganda, Solomon Muyita, these reports are aimed at attracting gold miners and investors in the crypto sector. In a bid to…
In an attempt to curb the soaring rate of inflation in the face of a slump in its currency, Zimbabwe is on the verge of introducing gold coins later in July. The country’s central bank has also outlined plans to make the US dollar the nation’s legal tender for the next five years. The central…
Following the discovery of a “software glitch” in 59,000 Tesla vehicles, German regulators have announced a recall on all the affected vehicles. The recall pertains to Tesla models Y and 3, though it is unclear how many of the 59,000 affected vehicles are registered in Germany, according to Reuters. According to the country’s road traffic…
The currency in Sierra Leone has been overhauled and one of the prominent changes is that three zeros have been taken off its banknotes as part of the launch of its new currency, according to BBC Africa. The leone is being replaced by what has been named the ‘new leone,’ which means an old 10,000…
Five years ago, Barbadian singer, actress and fashion designer, Rihanna took the cosmetics market by storm when she unveiled a makeup brand distinctly designed for people of color. Once again, the singer has cast her sights on unconventional wisdom as she looks to take a huge risk on a market that is often overlooked by…
Stocks in the United States of America have seen their worst first half of a year since 1970 even as concerns continue to grow over how steps to curb inflation will affect economic growth. As reported in the BBC, between January through June, the benchmark S&P 500 index fell 20.6%, while other major US indexes…
Automobile giant, Toyota is recalling 2,700 of its first mass-produced all-electric vehicles over concerns that wheels of the cars risk falling off. According to a spokesperson who spoke to the BBC, the bolts on the bZ4X’s wheels “can loosen to the point where the wheel can detach from the vehicle” after “low-mileage use.” The recall…
North Dakotans are outraged as Bill Gates, the largest private farmland owner in the US, apparently buys a $13.5 million potato farm American billionaire philanthropist Bill Gates who owns the largest rivate farmland has acquired a potato farm in North Dakota and local residents are not happy with the move. The state’s agricultural commissioner, Doug…
As it continues to battle against declining growth and increased competition, online streaming platform, Netflix has announced yet another round of job cuts following a decline in its subscriber base. This time, Netflix laid off 300 employees, which constitutes about 4% of its workforce mostly in the United States. This comes after the company laid…
Chinese electric carmaker Nio has confirmed the death of two people who died after one of its vehicles fell from the third floor of its headquarters in Shanghai. Those who died in the crash have been identified to be one employee of the company as well as a second person who works with a partner…
Social media giant, Twitter has commenced the testing of a new feature called ‘Notes,’ which will allow users to share ‘notes’ as long as 2,500 words. Twitter posts are currently limited to 280 characters. According to Twitter, the move was a response to seeing people use the platform to post pictures of longer posts and…
Automobile manufacturer, Ford’s next generation of electric cars in Europe will be built at its plant in Valencia. The Valencia plant was chosen over its rival facility located in Saarlouis, Germany. According to the American car manufacturer, it plans to sell only electric cars in Europe by 2030, ahead of a planned EU ban on…
American billionaire, Elon Musk has revealed that the new Tesla factories in the US and Germany are “losing billions of dollars” as a result of the battery shortages and supply disruptions in China. Must went ahead to label the plants in Berlin and Austin, Texas “gigantic money furnaces” even as the Covid-19 lockdowns in China…
