Business
Paramount Global, Skydance Media Announce $28 Billion Merger
Paramount Global, a famous Hollywood studio, has agreed to merge with independent film studio Skydance Media in a deal valued at $28 billion....
Boeing Pleads Guilty To Avoid Trial Over Deadly 737 Max Crashes
Boeing has agreed to plead guilty to fraud to avoid trial in the U.S. for charges related to two fatal crashes involving its...
Amnesty International Questions Potential Bias In NUPRC’s Review Of Shell’s Asset Sale
Amnesty International has raised serious concerns about the impartiality of Shell’s proposed sale of its onshore assets in Nigeria. This is due to...
Samsung To Record 15-Fold Profits In Q2 As AI Chip Demand Increases
Samsung Electronics has reported a significant surge in its second-quarter profits. The South Korean tech giant, on Friday, announced a 15-fold increase in...
EU Imposes Heavy Tariffs on Chinese Electric Vehicles To ‘Level Competition’
The European Union has imposed tariffs of up to 37.6% on Chinese electric vehicles (EVs) starting July 5. The tariffs range from 17.4%...
India’s X Alternative, Koo, Shuts Down Due to Funding Shortages
Koo, India’s local alternative to X (formerly Twitter), has announced its shutdown, leaving millions of users stranded. Launched in 2020, Koo offered a...
Meta Announces Monetisation For Nigerian, Ghanaian Facebook Creators
Meta Platforms Inc., more commonly known as Meta, has announced that content creators in Nigeria and Ghana can now earn money on Facebook...
EU Accuses Meta of Violating Antitrust Rules Over Ad-Supported Subscription Model
On Monday, the European Commission accused Meta Platforms, Inc., the parent company of Facebook and Instagram, of violating EU antitrust rules with its...
Prominent French Filmmakers Detained Over Sexual Abuse Allegations
French police have detained renowned filmmakers Benoît Jacquot and Jacques Doillon for questioning on Monday over accusations of historical sexual abuse. Both directors,...
Despite Takeover By Local Firm, Poor Sales Force Shoprite To Shut Down Operations In Abuja
Shoprite has announced the closure of one of its business outlets in Abuja, citing economic decline as the reason for the closure. This...
Dangote Refinery Accuses Int’l Oil Companies Of Price Manipulation
Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused International Oil Companies (IOCs) in Nigeria of...
Nvidia Becomes World’s Most Valuable Company Amid AI Boom
Nvidia, a key artificial intelligence (AI) sector player, has become the world’s most valuable company. On Tuesday, its market capitalisation soared to $3.34...