(Brands & Consumers)
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…
Kanye West is no stranger to getting into online feuds with notable names and brands. As reported by The Sun, during Labor Day weekend 2022, the rapper-turned-fashion-mogul lashed out at Adidas – who manufactures his Yeezy line. Why is Kanye West angry at Adidas? Ye believes that the higher-ups at Adidas are making decisions about…
A Delaware judge ruled Wednesday that American billionaire Elon Musk can include claims made by Twitter whistleblower, Peiter Zatko in his countersuit justifying his withdrawal from his $44 billion deal to buy the social media company. As reported by Forbes, the court, however, denied Musk’s request to move back the high-profile trial between Musk and…
American rapper and businessman, Kanye West popularly known as Ye has accused Adidas had been designing Yeezy products without his participation in a slew of venomous Instagram posts targeting the German sportswear brand’s managers. “It’s going to cost you billions,” he said. As reported by Boss Hunting, the era of Kanye West and Adidas might…
Chivas Regal has announced Nigerian singer, songwriter and activist, Falz (born Folarin Falana) as its newest ‘New Regal.’ The partnership welcomes a new era and extends the luxury whisky’s rich history to the next generation. Chivas’ success through time lies in its ability to explore and incorporate various values such as individuality, generosity and ambition….
Ford Escort RS Turbo Series 1 that was driven by the late Princess Diana fetched £724,500 ($851,070) at an auction held at Britain’s Silverstone racing circuit on Saturday, as reported by CNN. Silverstone’s website describes the car as the Princess of Wales’ last Ford Escort, with 24,961 miles on the clock and it belonged to…
Video game manufacturer, Sony PlayStation is being sued for £5 billion in the UK over allegations that it “ripped off its customers” with overpriced games and in-game purchases, as revealed by BBC. The group legal action, led by consumer rights champion Alex Neill, could see almost 9 million gamers compensated. It claims Sony PlayStation breached…
Twitter’s former Had of Security, Peiter Zatko has become a whistleblower after he accused the company of having major security problems, as reported by Marca. Interestingly, this has become the single most important finding for American billionaire, Elon Musk’s legal team that was attempting to get their client out of buying the company. Recall that…
The federal government through the Advertising Regulatory Council of Nigeria (ARCON) has banned the use of foreign models and voice-over artists for advertisements targeted at Nigerians. The is as the Advertising Practitioners Council of Nigeria (APCON) announced its change of name to the Advertising Regulatory Council of Nigeria (ACRON). The Director General, Dr. Olalekan Fadolapo,…
The Nigeria Police Force has vowed to go after producers of plate numbers that can automatically change. A video of a car with a technology that helps switch its plate numbers has gone viral. In the video, the two sides of the plate number of the car, carry two different numbers and so they can…
A Chinese-Canadian billionaire has been sentenced to 13 years in prison in China and it doesn’t end there as his company has been fined more than $8bn (£6.7bn). As reported by BBC, Xiao Jianhua and his company Tomorrow Holdings were charged with embezzlement and bribery, a court in Shanghai said. Xiao – one of China’s…
Chinese tech giant, Tencent has cut over 5,000 jobs and shut down parts of its business as it continues to grapple with its first sales fall in its history. As reported by BBC, revenue at the firm slipped 3% year-on-year in the April-June period, hit by declines in ad spending and at its online gaming…
American rap icon, Snoop Dogg is dipping into the cereal business with his own brand called Snoop Loopz. Snoop Dogg’s breakfast food venture was announced by Master P on Aug. 13. The Louisiana music mogul shared a video of Snoop’s cereal box on Instagram. The box features an image of a blue dog holding a…
Will face unlock ever come to the Pixel 6 phones? And will it arrive with the new Pixel 7? Jack Wallen ponders these questions as well as how the answer might affect Pixel owners in a report published on Tech Republic. By the time the Pixel 5 device rolled out, facial recognition was a thing…
American record producers, Timbaland and Swizz Beatz have reportedly filed a $28 million lawsuit against video sharing platform, Triller after selling Verzuz to the social media app in 2021. Rolling Stone reported that Tim and Swizz sued Triller in Los Angeles Superior Court the same day. The lawsuit alleges Triller has failed to pay the…
Apple is going to hold an event in September this year and at this event, there will be 5 products that will form the main highlight – iPhone 14 series, iPad 2022, Apple Watch 8 series, iMac series and AirPods 2022. Hwowever, reports from MacRumors indicate that the Apple Watch 8 series isn’t expected to…
With the launch of Android 13, Google has relaunched its Vibration Mode icon despite removing the vibrate mode icon from the status bar a while back for unknown reasons Based o the feedback received, the update appears to go down well in the community as it is positive that the permanent display of the small…
Approximately 5,760 cases of Capri Sun Wild Cherry beverages have been recalled because of possible contamination, as reported by CNN. Kraft Heinz said in a statement that a cleaning solution used to treat food processing equipment was “inadvertently introduced into a production line at one of our factories.” The issue was discovered after it received…
Multiple Wingstop locations in Mississippi run by Rick Ross and his family have been fined by the Department of Labor’s Wage and Hour Division for several violations, as reported by XXL. The Department of Labor’s Wage and Hour Division (DOLWHD) announced it had collected $114,427 “in back wages, liquidated damages and civil penalties” from five…
Scotland is to become the first country in the world to introduce a law to protect the right to free period products. When the Period Products Act comes into force, councils and education providers in Scotland will be legally required to ensure free sanitary products are available to anyone who needs them, as reported by…
Despite its sales being shrouded in mystery for so long, Microsoft has finally admitted that the PS4 outsold the Xbox One by a lot, as reported by The Verge. Microsoft stopped reporting its Xbox One sales figures at the beginning of its 2016 financial year, focusing instead on Xbox Live numbers. The change meant we’ve…
Popular social media platform, TikTok has added a new effect it calls “AI greenscreen” that allows users to type in a text prompt that the software will then generate as an image. This image can then be used as the background to a video — potentially a very useful tool for creators. The output of…
During the Black Hat security conference in Las Vegas, a cyber-security researcher from Belgium, Lennert Wouters managed to hack Elon Musk’s Starlink internet system for the first time ever by using just a $25 dollar device he made at home. Starlink operates using user terminals or satellite dishes located at homes and businesses, and this…
Apple could eventually bring ads to more of the apps that come pre-installed on your iPhone and other Apple devices, including Maps, Books, and Podcasts. According to a report from Bloomberg’s Mark Gurman, Apple has internally tested search ads in Maps, which could display recommendations when you search for restaurants, stores, or other nearby businesses….
Coca-Cola’s latest experimental, limited-time flavor is here. It’s called Dreamworld and guess what, it reportedly tastes like dreams. “We wanted to create a dream-inspired drink that was recognizably Coca-Cola but with additional cues that bring to life the playfulness and brightness of dreams,” a company spokesperson said in an email about the product. “We took…
Disney will launch a new ad-supported streaming service in the US in December, as it overtakes Netflix in the race for paid subscribers. As reported by BBC, the firm reported 221.1 million subscribers across its three streaming platforms at the start of July. That put it just ahead of Netflix, which has been losing customers….
Telegram CEO and founder, Pavel Durov has revealed that an upcoming Telegram update has been stuck in Apple’s app review for two weeks “without explanation.” This was made known in a Telegram post from Durov (via MacRumors) where he claims that the update is “about to revolutionize how people express themselves in messaging” though it…
A rollercoaster crash at Legoland’s theme park in Germany has hurt more than 30 people, with at least one of them reported to have sustained severe injuries. According to the park, the accident happened after two rollercoaster trains collided with each other, as reported by BBC. The incident took place on the Fire Dragon ride…
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…
