(Brands & Consumers)
Ford is essentially pulling the plug on an effort to develop its first full self-driving car, and it’s going to cost the automaker $2.7 billion to walk away. As reported by CNN, the company announced Wednesday it would no longer provide financial support for Argo AI, a self-driving car technology company it invested $1 billion…
Elon Musk has taken ownership of Twitter Inc with brutal efficiency, firing top executives but providing little clarity over how he will achieve the ambitions he has outlined for the influential social media platform, as reported by Reuters. “The bird is freed,” he tweeted after he completed his $44 billion acquisition on Thursday, referencing Twitter’s…
Executives at Skechers escorted Kanye West out of the company’s corporate offices in Los Angeles, after the rapper and fashion designer showed up “unannounced and without invitation,” as reported by The Guardian. In a statement released after the incident, the footwear brand said it “has no intention of working with West” and that the artist,…
Barcelona talked a lot about “economic levers” as the Catalan club looks to improve its finances, but it won’t be able to use the Champions League pulley anymore after exiting at the competition’s group stage for the second consecutive season. As reported by CNN, even before a ball was kicked at the Camp Nou against…
American business magazine, Forbes has disclosed that American rapper, Kanye West is no longer a billionaire after German multinational corporation, Adidas cut ties with him. This was announced in an official statement on the magazine’s website. According to Forbes, Kanye no longer has a place on its billionaire’s list after being dropped by Adidas for…
No matter the reason, the USB-C is finally coming to iPhones as Apple looks to switch from Lightning to USB-C port on its iPhones. As eported by The company did not officially announce anything, but its senior vice president of worldwide marketing all but confirmed it in an interview with The Wall Streeet Journal’s Joanna…
Elon Musk’s on-again off-again plan to buy Twitter is on track to culminate in the billionaire taking control of the company this week. As reported by TechCrunch, Musk is expected to close the deal by Friday, October 28, putting him officially in charge of one of the most prominent social networks in the world. Musk…
TiKTok is aiming to graduate along with its primary user-base. And as one step towards maturity, the platform is introducing an adults-only option for live streamers on the platform who wish to restrict their viewership to those 18 and older, as reported by Gizmodo. As for when and why streamers might opt to set an…
The White House has said that Elon Musk’s recent deals, including his takeover of Twitter and operations of Starlink internet in Ukraine, are not under national security review. As reported by Gizmodo, while that would seem like a denial of the original reports from last week by Bloomberg News about the deals, there’s seemingly still…
Adidas has ended its partnership with Kanye West after he made a series of antisemitic remarks and embraced a slogan associated with white supremacists that earned him widespread condemnation. The German sportswear giant said on Tuesday, October 25, that it “does not tolerate antisemitism” after the rapper was suspended from Instagram and Twitter over offensive…
Tesla has cut starting prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle giant’s China website on Monday, are…
Kanye West is not worried about being canceled. Balenciaga had announced that it was ending its relationship with Ye in the wake of his many controversies, including his anti-Semitic remarks and “White Lives Matter” shirt. “Balenciaga has no longer any relationship nor any plans for future projects related to this artist,” Kering, the parent company…
Fashion powerhouse Balenciaga has officially severed ties with Kanye West following a series of anti-Semitic posts and other controversial comments from the rapper, according to a report from Women’s Wear Daily citing a statement from Balenciaga’s parent company. “Balenciaga has no longer any relationship nor any plans for future projects related to this artist,” Kering,…
Red Bull co-owner Dietrich Mateschitz, a major global business figure as a result of his energy drinks empire, has died aged 78. As reported by BBC, Mateschitz was the driving force behind the establishment of what became the global market leader in energy drinks. He used the fortune created by that to set up a…
The Air Jordan 1 Low has recently emerged in a healthy mix of heritage and experimental takes, as reported on Sneaker News. For its latest proposition, the lifestyle offering has taken on a cool “French Blue” take for kids. Akin to dozens of pairs of the similar Nike Dunk, the newly-surfaced pair indulges in a…
Ghana, the second largest cocoa producer in the world, bags the worst-performing currency against its global counterpart, the United States Dollar. Earlier this week, the local currency lost 3.3% of its value against the United States Dollar before paring losses to 11.2750, according to a Bloomberg report. So far this year, the currency has lost…
On Wednesday morning, millions of subscribers in Latin America woke up to an email from Netflix, announcing that the streaming giant was immediately suspending its experimental pricing trial in Argentina, El Salvador, Guatemala, Honduras, and the Dominican Republic. Abandoning part of its password crackdown strategy after six months, Netflix will be bringing its other ongoing…
YouTube, an American online video-sharing and social media platform will be introducing handles for members of its community by 14 November 2022. For a long time, most popular social media platforms like Twitter, Instagram and TikTok have allowed users to create unique handles to identify themselves differently. Now, YouTube has finally decided to jump on…
Elon Musk, the CEO of Tesla and the world’s richest man, has said that his electric vehicle company could become more valuable than the world’s two largest companies — Apple and Saudi Aramco. As reported by Business Insider Africa, the combined market capitalization of tech giant Apple and Saudi Arabian state energy giant Aramco is…
Porsche Retail Group’s Porsche Centre Reading dealership has been re-developed as the UK’s first Destination Porsche location, meeting a new corporate identity for the sports car brand. The new concept reflects the changing landscape of automotive retailing, bringing together the online and physical sales channels, the recently-floated German sports car specialist said. Porsche said the…
Los Angeles Lakers forward LeBron James and Nike are at it again with another comedic video. James’ 20th signature sneaker, the Nike LeBron 20, was recently released, and Nike is pulling out all the stops with its promotion. In the newest advertisement, Nike pits the 37-year-old against Father Time, played by Jason Momoa. The two…
At parent company Lenovo’s Tech World 2022 event, Motorola is showing off a rollable mobile phone in a quick video demo. With the press of a button, the screen extends and retracts, with a moving wallpaper to match, as reported by The Verge. https://www.theverge.com/2022/10/18/23409591/motorola-rollable-phone-concept-flexible-device-lenovo The demo video only gives us a glimpse of the front…
Ye, formerly known as Kanye West, has agreed to purchase Parler, a social media site that bills itself as “uncancelable,” as reported by Marca. After posting anti-Semitic remarks, the star’s Twitter and Instagram accounts were shut last week. The popularity of Parler has increased among US conservatives as more established platforms crack down on false…
Real Madrid hosted Barcelona on Sunday, October 16. The merengues defeated Barcelona 3-1, but there was a larger loser from the game. As reported by Marca, the Canadian rapper and R&B idol Drake lost more than $800K in a two-leg parlay that included the Blaugrana’s victory. In an image shared by Drake’s Instagram account, the…
Electronics brand Sony and car manufacturer Honda announced they would form a partnership, creating Sony Honda Mobility Inc. The new company will focus on developing and selling electric vehicles in the future, with the first cars from the partnership set to go on sale in 2026. The plan for the new company, due to be…
Cost-conscious streamers will be able to watch Netflix at a lower price starting this November. The catch? Users will have to endure ads, as reported by Today. The streaming giant announced on Oct. 13 that for the first time it will begin broadcasting advertisements to users with a subscription option called “Basic with Ads.” The…
Apple keeps on losing court battles in Brazil over its decision to stop shipping iPhones with a charger. As reported by The Nigeria Lawyer, a São Paulo state court has ruled against the tech giant and slapped it with a 100 million real ($19 million) fine in a lawsuit filed by the Brazilian Consumers’ Association,…
Kanye West will need to find a new bank to hold his multi-billion dollar Yeezy brand because the bank where all of his money is kept has kicked him out, as reported by Marca. The prominent conservative figure Candace Owens, who was seen wearing a “White Lives Matter” shirt with Ye, posted on Twitter on…
The $44 billion acquisition of Twitter Inc. by Elon Musk is the subject of a federal inquiry, the social media firm revealed in a court document made available on Thursday. As reported b Marca, Twitter claimed that it had been requesting Musk’s attorneys to reveal their correspondence with federal authorities for months but they had…
Shaquille O’neal and Street Fighter II are quite alike in they they both revolutionized their respective fields, as reported on Sneaker News. Shaq redefined the meaning of dominance, while Capcom’s flagship franchise created a blueprint for fighting games that still persists today. In 1992, both Shaq and SFII’s Champion Edition emerged as new players in…
The world’s richest man, Elon Musk through one of his companies “The Boring Company” has sold nothing less than 10,000 bottles of his newly launched fragrance, the Burnt hair perfume, at $100 each making $1million in the process. The billionaire had in September hinted that the Boring Company, an American infrastructure and tunnel construction services…
“Oh, they’re probably giving away a watch,” is what one passerby guessed while walking past the line extending around the corner of the Swatch store in Times Square in New York City in the final week of September. But Swatch isn’t giving anything away, in fact, the company is working furiously keep up with demand…
A stunning pink diamond has sold for nearly $60 million, more than twice the expected price. As reported by CNN, the massive rock sold for 453.2 million Hong Kong dollars, or around $58 million, on Friday, according to auction house Sotheby’s. The stone was expected to sell for around $21 million. The 11.15 carat pink…
The countdown is now on for Elon Musk and Twitter to close their $44 billion acquisition deal by October 28 or be forced to again prepare for a trial after a judge agreed on Thursday pause the legal proceedings. As reported by CNN, what everyone is now waiting on: Musk needs to actually have the…
Tony Elumelu is a Nigerian economist, entrepreneur, and philanthropist. He is the chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation. The banking tycoon founded The Tony Elumelu Foundation after he retired as chairman of the United Bank for Africa to prove that the African private sector…
Adidas says it is reviewing its Yeezy partnership with Kanye West days after he showed a “White Lives Matter” T-shirt design at Paris Fashion Week. The company did not mention the controversy but said “successful partnerships are rooted in mutual respect and shared values”. The rapper and fashion designer responded on Instagram, claiming the firm…
Luxury fashion house Fendi has announced that it has taken a majority stake in Italian knitwear maker, Maglificio Matisse, a key supplier of the LVMH-owned brand for over 15 years and others in the luxury industry. Located in Sant’Egidio alla Vibrata, in the province of Teramo, part of the Abruzzo region, Maglificio Matisse is a…
Samsung Nigeria officially launched the Galaxy A04s into the Nigerian market. The launch of this device reinforces Samsung’s commitment to providing affordable yet quality devices that address the daily needs of consumers. The smartphone is packed with 4G/64 GB & 4G/128GB storage variants expandable to 1TB and runs on a One UI Core 4. The…
The Board of Directors, Weststar Associates Limited, has appointed Mrs. Mary Ojulari as the new managing director (Mercedes-Benz Nigeria). This was disclosed in a statement signed by the board of directors of Weststar Associates (Mercedes-Benz) Nigeria. The statement said, Mary has a successful history within our organisation and has played a key part in the…
Automobile manufacturing giant, Toyota has said that demand for its cars, trucks, and EVs remains high, despite a fall in US sales. As reported by Business Insider Africa, the world’s largest automaker by volume was among the major manufacturers to release third-quarter US sales data on Monday. The data showed an overall decline of 7.1%…
Nigeria loses about $27 billion annually for being unable to export its fashion products, a fashion expert has said. The fashion expert, Mrs Alison Amuta, who is Chief Executive Officer (CEO) of Beauty Green Africa Limited, stated this on Tuesday at a Nigerian fashion sensitisation workshop organised by the Nigerian Export Promotion Council (NEPC) in…
Google has announced the building of dedicated Cloud Interconnect sites in Lagos, Johannesburg, Nairobi and Cape Town. The news, which came at the second Google for Africa event, is the latest example of how it is delivering on the $1 billion investment commitment made last year by the company’s CEO, Sundar Pichai. He said the…
Pepsi has announced the return of Pepsi-Cola Soda Shop, a modern take on classic soda shop flavors, with a new limited-edition flavor – Zero Sugar Cream Soda Cola – joining the popular Cream Soda and Black Cherry flavors also returning for a limited time. To celebrate, Pepsi teamed up with global superstar Chlöe Bailey to…
It was beginning to feel like Elon Musk and Twitter were locked in an eternal dance. As reported by BBC, it suddenly came to an abrupt end – for now at least – with a short, succinct letter from Musk’s lawyers to Twitter’s, which announced that he intended to buy the firm after all, and…
Hong Kong says it will give away 500,000 airline tickets, worth HK$2bn ($254.8m; £224.3m), as it tries to boost its Covid-hit tourism industry. As reported by BBC, the city rolled back several of its coronavirus rules in recent weeks. However, major airlines are struggling to get their flight schedules back to pre-pandemic levels. On Wednesday,…
Mark Zuckerberg’s pivot into the metaverse has cost him dearly in the real world. Even in a rough year for just about every US tech titan, the wealth erased from the chief executive officer of Meta Platforms Inc. stands out. His fortune has been cut in half and then some, dropping by $71 billion so…
American rapper and businessman, Kanye West is terminating his relationship with Gap. In a new interview, the fashion designer accused the clothing retailer of taking his shirt designs to sell for $20 and pricing the actual Yeezy items at $200. According to a CNBC report, Kanye West terminated his partnership with Gap Inc and accused…
Ethereum, the world’s second most valuable cryptocurrency, has completed a massive software upgrade that its backers claim will slash its carbon footprint. The long-awaited revamp, which is known as “The Merge,” will reduce ethereum’s energy consumption by nearly 99.95%, according to the Ethereum Foundation, a nonprofit organization dedicated to supporting the cryptocurrency and its related…
Reality TV star Kim Kardashian has launched her own private equity firm, co-founded with a former partner at investment firm the Carlyle Group. SKKY Partners, will focus on investing in consumer and media businesses, they said in a tweet. Ms Kardashian will serve as a co-founder and co-managing partner, while Jay Sammons will handle the…
The youngest daughter of the late Apple co-founder Steve Jobs has joined the chorus of critics reviewing Apple’s latest iPhone – and she is unimpressed, as reported on BBC. In an Instagram story captioned “Me upgrading from iPhone 13 to iPhone 14”, Eve Jobs shared a picture of a man proudly unwrapping a new shirt…
