(Brands & Consumers)
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…
As gas prices continue to rise, it doesn’t come as a surprise that Americans are on the hunt for the cheapest prices and gas prices that they can find. As you might have guessed, those tanks need to be refilled on a regular basis. The good news is that despite the crippling effects of the…
American e-commerce giant, Amazon has announced its “first fully autonomous mobile robot,” designed to move large carts throughout its warehouses. The robot named Proteus can safely navigate its way around human employees unlike some of its previous robots that were separated in a caged area. Accordig to Amazon, the Proteus robots have “advanced safety, perception,…
As part of its growth and expansion plans, the owner of British chocolate brand Cadbury has announced it’s acquisition of US energy bar maker Clif Bar & Company for the sum of $2.9bn (£2.4bn). Mondelez International, also owns Oreo, Toblerone and Milka explained that buying Clif Bar & Company will play a huge role in…
To help with the rising cost of living in the UK, Rolls Royce will give over 14,000 staff a one-off payment of £2,000. According to Rolls Royce, the payment is expected to cover both junior management and shop floor staff, mainly based at its Derby and Bristol sites. The payment will begin with 3,000 employees…
During his first meeting with Twitter employees, American billionaire, Elon Musk has hinted at potential layoffs if his $44bn (£35.8bn) takeover bid for the social media company is successful. “Anyone who’s… a significant contributor should have nothing to worry about.” Musk had affirmed. During a company-wide video call with Twitter employees, Musk said layoffs at…
Australia’s energy minister, Chris Bowen has urged households in New South Wales – a state that includes the country’s biggest city Sydney – to switch off their lights in the face of an energy crisis. Bowen maintains that people should strive towards not using electricity for two hours every evening if they “have a choice.”…
Popular web browser, Internet Explorer also known as IE is dead and it’s official. After about 27 years of operation, Microsoft has pulled the plug on the browser and finally replaced it with ‘Microsoft Edge.’ What this means is that all support for Internet Explorer is hereby withdrawn from today, June 15th 2022, which marks…
Adobe has commenced the testing of what is has called a free-to-use version of Photoshop on the web as it plans to open up Adobe Photoshop up to everyone as a way to introduce more users to the app. The new version is currently being tested in Canada where users can access Photoshop on the…
Mauritius Commercial Bank (MCB) has disclosed plans to expand its operations to Africa’s largest economy, Nigeria. This was revealed by MCB’s Head of Corporate & Institutional Banking, Thierry Hebraud during the ongoing Africa CEO Forum in Abidjan, Côte d’Ivoire. According to Hebraud, the COVID-19 pandemic delayed the expansion plan. He, however, added that the company…
American e-commerce giant, Amazon has announced that before the end of 2022, it will commence making Prime Air deliveries through the deployment of drones. Amazon made the disclosure in a press release adding that it plans to kick off operations in Lockeford California where customers will see items available for Prime Air delivery on Amazon….
American billionaire businessman, Elon Musk is scheduled to attend a virtual all-hands meeting on June 16, 2022. At the meeting, Musk is expected to field questions from the company he’s in the process of buying. His attendance was announced in an email from Twitter CEO Parag Agrawal on Monday seen by Business Insider. Employees will…
American multinational technology company, Google has agreed to pay out the sum of $118 million to over 15,500 female employees to finally settle a long-standing lawsuit over gender discrimination and equitable pay. According to court documents, the settlement covers female employees in 236 job titles in California since September 14, 2013, the plaintiffs’ legal firms…
American fast-food giant, McDonald’s has been rebranded to become “Vkusno & Tochka,” which translates to “Tasty and that’s it.” With this rebranding came the reopening of 15 McDonald’s restaurants under a new brand name and ownership as revealed by it’s owner Alexander Nikolaevich Govor. According to the brand’s Director General, Oleg Paroev, the company is…
Coming in the heels of information made public by American automotive company, Tesla, the company’s stock is on the verge of becoming cheaper and more affordable. The company has announced that its board approved a 3-for-1 stock split, which marks its first split since August 2020. This split would, however, need to be approved by…
German multinational corporation, Adidas has filed a lawsuit against it’s American rival, Nike over what it considers an infringement on 9 of its patents, including those related to the Adidas_1 sneaker and its sneaker reservation app, Confirmed. In the lawsuit, Adidas is focusing largely on Nike’s ‘Adapt’ technology, the company’s dive into “smart” footwear. Adapt…
TikTok has revealed that in the coming weeks, it will introduce a new option for users to set custom time limits for how much uninterrupted time they want to spend using the app, before getting a reminder to take a break. Before now, TikTok allowed users to get notified if they spent more than 40,…
iPhone users and those looking forward to the iOS 16 are in for a treat as tech giant, Apple has unveiled the new iOS 16 with an upgraded lock screen as well as exciting changes to the iMessage. The new features will allow users personalize their iPhone lock screens, change how they text friends through…
Popular video sharing and social media platform, Youtube has received knocks for failing to tackle a network of cyber-criminals streaming fake Elon Musk videos to scam unknowing viewers. The criminals behind this are gradually hijacking YouTube accounts and using the videos to promote bogus cryptocurrency giveaways. According to the BBC News platform, dozens of these…
As a direct fallout of an executive of popular social media platform, TikTok allegedly saying that he did not believe employees should get maternity leave, the company is currently investigating claims of an aggressive work culture within the establishment. As reported in the Financial Times (FT), Joshua Ma has now stepped back and been replaced…
The United Kingdom (UK) government has maintained that it is not “currently considering” copying European Union plans to have a common charging cable for devices. It should be recalled that the European Union (EU) has provisionally agreed that all portable electronic devices must use a USB Type-C charger by autum of 2024. The EU explained…
One of the leading branding companies in the world, Apple is currently working on a ‘Buy Now Pay Later’ (BNPL) service as part of its latest operating system, iOS 16. Apple Pay Later will be designed to allow users in the United States to spread the cost of a purchase into four payments in instalments…
In a surprising strategy switch, popular social audio app, Clubhouse has laid off several employees as part of its broader restructuring model of growth and optimisation. According to BLoomberg, while some employees chose to leave on their own as the company cut back some of the programming areas it had focused on before, such as…
Of all the new releases at Watches and Wonders, the international watch trade show in Geneva that took place earlier this year, it was the hardest one not to miss. The name alone was huge: TAG Heuer Aquaracer Professional 1000 Superdiver. A big name for a big 45-mm-diameter watch, it boasts a dodecagonal black-and-orange bezel,…
A dynamic program that teaches economically disadvantaged communities how to create and safeguard money via the use of equities and digital currencies trading. This information equips members with the tools they need to attain financial independence through financial education and easy-to-follow practices. The goal is to make a significant difference in our clients’ lives by…
American multinational e-commerce company, Amazon is shutting down its Kindle bookstore in China, which marks yet another retreat by a Western tech giant in the world’s second biggest economy. Amazon announced that from July 2023, Kindle users will not be able to buy online books in the country. However, existing customers will be able to…
American billionaire, Elon Musk wants to slash 10% of jobs at his company Tesla over reportedly “having a super bad feeling” about the American economy. In an email he sent to company executives earlie this week and seen by Reuters, Musk explained that he has a “super bad feeling” about the economy and wants to…
As the city of Shanghai gradually recovers from its strict COVID restrictions, Starbucks, American multinational chain of coffeehouses and roastery reserves is reopening. The city lifted its 2-month long lockdown barely 72 hours ago and so far, Starbucks has reopened about 600 of its 940 stores in the city or Shanghai, according to a Starbucks…
Amazon’s Worldwide Consumer CEO, Dave Clark has resigned from his role at the company after 23 years at the e-commerce giant. His resignation, which took effect on July 1 was announced by Amazon in a regulatory filing with the US Securities and Exchange Commission Friday. Clark also too to his Twitter account where he wrote:…
Tesla reportedly paid a consultancy firm to monitor employees’ Facebook interactions when some workers wanted to form a union at the company’s factory in Fremont, California. CNBC cited invoices and “other documents” that reportedly showed MWW PR monitored employees’ discussions on the platform regarding the company’s labor practices and a sexual harassment lawsuit. MWW PR…
Australia-based design software firm Canva announced Wednesday it is pulling out of Russia, after coming under intense pressure from Australian-Ukrainian activists. The company cut off payments from Russia soon after the country invaded Ukraine, but kept its free service available there with anti-war design templates and banners. That decision led to protests outside Canva’s Sydney…
Apple will no longer be making iPods, the trend-setting MP3 players that transformed how people get music and gave rise to the iPhone. The compnay had made this official in May and if you’re yet to say your “goodbye” to the device, now would be a good time. Late Apple co-founder Steve Jobs introduced the…
