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FTC Bans Hidden 'Junk Fees' for Live Events, Hotels, and Vacation Rentals
Businesses must display the total cost, including all fees, more prominently than other pricing details.
12/18/2024
Business
Senate Investigation Accuses Amazon of Endangering Workers and Manipulating Injury Data
The report calls for stricter oversight and legislation to protect workers in the growing e-commerce sector.
12/18/2024
Business
Roomba Co-Founder Colin Angle Returns with $30M Health-Focused Home Robotics Venture
Angle’s new venture comes just months after he stepped down as CEO of iRobot.
12/17/2024
Business
GM Shifts Focus from Robotaxis to Autonomous Driving in Consumer Vehicles
GM is now prioritizing Level 3 (L3) capabilities, which include hands-free, eyes-off driving on highways at reduced speeds.
12/16/2024
Business
Juicyway Launches Publicly After Processing $1.3 Billion in Stealth Mode
Juicyway supports currencies like the Nigerian naira, USD, GBP, and CAD.
12/16/2024
Business
Growl: The At-Home Boxing Revolution Powered by Immersive Technology
The device's standout feature is its projector, which projects a life-sized coach onto the bag.
12/4/2024
Business
Stellantis CEO Carlos Tavares Steps Down Amid Boardroom Discord and Market Struggles
Stellantis’ board stated that diverging views between Tavares and its members had culminated in the decision.
12/2/2024
Business
Meta’s $10B Global Subsea Cable: A Strategic Play for AI, Connectivity, and Resilience
Meta’s project underscores a larger trend where tech giants increasingly invest in owning their data infrastructure.
12/2/2024
Business
SoftBank Offers $1.5 Billion in OpenAI Stock Buyout for Employees Amid AI Gold Rush
This investment bolsters SoftBank’s growing focus on artificial intelligence, led by its visionary CEO Masayoshi Son.
11/27/2024
Business
DirecTV Ends Deal to Acquire Dish TV: Strategic Merger Falls Apart Over Debt Terms
DirecTV and Dish have reportedly engaged in on-and-off merger talks for years.
11/25/2024
Business
Oura Secures $75 Million Investment from Dexcom to Revolutionize Health Monitoring
The collaboration will enable Oura rings to eventually help users monitor their blood sugar levels.
11/20/2024
Business
Blackstone to Acquire Jersey Mike’s Subs in $8 Billion Franchise Expansion Deal
The deal highlights private equity’s increasing focus on franchise businesses.
11/20/2024
Business
Crypto Regulation in Africa: South Africa Leads the Charge with New Compliance Measures
This regulation is part of South Africa’s strategy to exit FATF's greylist.
11/20/2024
Business
Spirit Airlines Files for Bankruptcy Amid Financial Turbulence
Spirit assured customers that its operations, including ticket sales, will continue uninterrupted.
11/19/2024
Business
MTN Nigeria Elevates Longtime Executives Amid Competitive Telecom Shake-Up
The appointments come during a period of heightened activity in Nigeria’s telecom sector.
11/19/2024
Business
MultiChoice Secures $67M in Insurance Unit Sale Amid Streaming Shift
The transaction could escalate to R2.7 billion ($150 million) by 2026.
11/19/2024
Business
Indonesia Bans Google Pixel and iPhone 16 for Not Meeting Local Content Rules
Apple missed a $95 million investment commitment, resulting in the recent sales block.
11/1/2024
Business
Sanctions on Skydio Expose America’s Dependence on Chinese Supply Chains
Skydio’s challenge exemplifies broader U.S.-China tensions over drone technology.
11/1/2024
Business
UK Minimum Wage to Rise 6.7% in 2024 Amid Concerns from Employers and Economists
UK raises the hourly rate to £12.21 ($15.88) for most adults.
10/31/2024
Business
Nigeria’s Moniepoint Reaches Unicorn Status with $110M Funding to Boost Fintech Services Across Africa
The company processes over 800 million transactions monthly.
10/30/2024
Business
Waymo Accelerates Expansion with $5.6 Billion Series C Round, Shifts Focus to Robotaxis
Waymo now operates its commercial robotaxi service in San Francisco, Los Angeles, and Phoenix.
10/27/2024
Business
OpenAI Eyes Record Valuation with $1 Billion Funding Round Led by Thrive Capital
This funding round would mark OpenAI’s largest capital infusion since January 2023.
8/30/2024
Business
Lego to Lead Green Revolution in Toy Industry Despite Rising Costs
Lego plans to replace its oil-based plastic with renewable and recycled alternatives.
8/28/2024
Business
Netflix Ventures Deeper into Live Sports with Tyson vs. Paul Boxing Match
Netflix has already dipped its toes into live sports with events like the “Netflix Cup”.
5/12/2024
Business
Leadership Shuffle at Paramount Global: CEO Bob Bakish Steps Down Amid Major Corporate Reshuffle
This interim leadership trio will manage the day-to-day operations in collaboration with the board.
4/30/2024
Business
Amazon Introduces Unlimited Grocery Delivery Subscription for Prime and EBT Cardholders
The subscription is priced at $9.99 per month for Amazon Prime users.
4/24/2024
Business
FTC Moves to Block Tapestry's $8.5 Billion Acquisition of Capri Over Competition Concerns
FTC cites severe competition concerns in the accessible luxury market.
4/23/2024
Business
Motorola Revives Wooden Back Panels in New Edge Series Phones
The phone will also offer a modern twist with options like peach fuzz vegan leather.
4/17/2024
Business
Rivos Bounces Back: Pioneering Next-Gen Chips Amidst Intense Competition
Rivos has now successfully secured over $250 million in an oversubscribed extended Series A.
4/16/2024
Business
Quilt's Innovative Heat Pumps Redefine Home Heating and Cooling
These sensors enable Quilt’s system to more accurately detect presence in a room.
4/16/2024
Business
Bark Air Launches Luxury Air Travel for Dogs
Dogs will also receive gourmet in-flight snacks and beverages.
4/11/2024
Business
Revolutionizing Financial Stability: The Technological Evolution of Stress Testing in Banking
Gone are the days when stress testing was merely a regulatory checkbox.
1/30/2024
Business
Beeper's Battle and Acquisition: A Testament to Innovation and Resilience
Valued at $125 million, this deal signifies a remarkable pivot for Beeper.
4/10/2024
Business
Beyond Stress: Rethinking the Efficacy of Dodd-Frank Act Stress Tests
Its inability to accurately anticipate and mitigate the magnitude of potential economic downturns.
11/30/2023
Business
From Budgeting to Saving: Unleashing the Power of Personal Finance Apps
In the pursuit of financial wellness, personal finance apps stand out as invaluable allies.
4/2/2024
Business
China Signals Prudence Amid Economic Challenges: A Balancing Act for Growth
Pan Gongsheng underscored the potential for additional cuts to banks' reserve requirements.
3/6/2024
Business
Monzo's American Dream Reignited: $430 Million Boost for U.S. Expansion
Monzo's strategic realignment and the latest funding round herald a new era of growth and innovation.
3/6/2024
Business
Deel's Strategic Acquisition of PaySpace Bolsters its African Presence
This partnership is poised to redefine the future of work for businesses and employees across Africa.
3/6/2024
Business
Canal+ Sets Its Sights on MultiChoice in a Groundbreaking $2.9 Billion Acquisition Bid
Canal+ has escalated its bid to acquire South Africa's MultiChoice.
3/6/2024
Business
FTC Chair Lina Khan Cites Blocked Nvidia-Arm Merger as Catalyst for Innovation
Regulators had raised concerns that Nvidia's acquisition of Arm could grant it undue control.
3/1/2024
Business
Gemini Agrees to $1.1 Billion Customer Refund and $37 Million Fine in Settlement with NYDFS
Gemini has pledged to contribute $40 million to aid in concluding Genesis's bankruptcy proceedings.
2/29/2024
Business
International Game Technology Announces $6.2 Billion Merger with Everi Holdings
The merger is expected to yield projected cost savings of approximately $85 million.
2/29/2024
Business
Clash of Titans: Universal Music Group vs. TikTok Escalates as Songs Removed
The UMG-TikTok clash appears far-reaching in scope, promising further fireworks in the days ahead.
2/28/2024
Business
Coinbase Denies Allegations of Being Blocked in Nigeria Amid Regulatory Scrutiny
Cryptocurrency platform Coinbase has refuted recent reports suggesting that it is facing blockades in Nigeria.
2/26/2024
Business
FuboTV Takes Legal Action Against Media Giants Alleging Antitrust Practices
Fubo's complaint outlines a history of obstructionism.
2/26/2024
Business
Barbie Nostalgia Meets Tech: HMD Launches Flip Phone Collaboration with Mattel
This innovative venture follows HMD's successful foray into partnerships.
2/26/2024
Business
Mubadala Eyes Stake in Heathrow, Joining Gulf State Investors
Abu Dhabi's sovereign wealth fund, Mubadala Investment, plans to acquire a stake in London's Heathrow Airport.
2/23/2024
Business
Grab Achieves Profit Milestone with $11 Million in Q4 Earnings
The profit boost is attributed to the improvement in Group adjusted EBITDA.
2/23/2024
Business
Capital One's Strategic Move: Acquiring Discover for $35 Billion
Capital One has announced its plan to acquire Discover Financial Services for $35 billion.
2/23/2024
Business
Google's Pixel Production Pivot to India
Slated to begin in the April-June quarter of 2024, the production will kick off with the Pixel 8 Pro models.
2/22/2024
Business
Nuvei Becomes First Global Payments Provider to Launch in Colombia with Direct Local Acquiring Capabilities
This launch signifies Nuvei's commitment to its growth strategy in Latin America.
2/21/2024
Business
Reserve Bank of India Adopts 'Hands-Off' Approach to FinTech Regulation Amid Recent Actions
RBI officials have consistently emphasized their desire for the FinTech industry to thrive.
2/20/2024
Business
Showmax Overtakes Netflix in Africa: A New Streaming Giant Emerges
Netflix's reign as the leading streaming service is facing significant challenges, particularly in Africa.
2/20/2024
Business
Trump Ventures into Sneaker Culture with 'Trump Sneakers' Launch
This move into sneaker culture is part of Trump's broader strategy of licensing his name, image, and likeness.
2/18/2024
Business
Japan's Economic Slide: Falling to Fourth Largest Global Economy
The recent economic downturn is not unique to Japan; Germany and Britain feel the same.
2/16/2024
Business
Tiger Woods Launches Sun Day Red Lifestyle Brand in Collaboration with TaylorMade
Sun Day Red draws inspiration from Woods' traditional final-day match attire.
2/14/2024
Business
Super Bowl 58 Shatters Records: A Historic Night for the NFL and CBS Sports
Super Bowl 58 has officially become the most-watched television show in history.
2/13/2024
Business
Indian Parliamentary Panel Calls for Support of Domestic FinTechs Amid Digital Payments Duopoly
The body has previously voiced apprehensions regarding the market's duopolistic nature.
2/12/2024
Business
Visa's Africa FinTech Accelerator Program Launches Second Cohort to Fuel Innovation
Accepting applications until February 29, the program is tailored for seed to Series A startups operating in Africa.
2/12/2024
Business
Romanian Competition Authority Probes Grampet Group's Acquisition of Electromontaj Carpati
Electromontaj Carpati, with a legacy of 70 years, is an established name in the electrical energy industry.
2/10/2024
Business
Disney's Bold $1.5 Billion Investment in Epic Games: A New Era of Entertainment
Disney's collaboration with Epic Games is set to create a unique entertainment universe.
2/10/2024
Business
The Chess Game of Media Giants: Canal+'s Bid for MultiChoice and the Battle of Shares
Canal+ currently holding 32.6% of MultiChoice's shares.
2/9/2024
Business
Iraq's Central Bank Cracks Down on Dollar Fraud: Bans Eight Banks from US Currency Transactions
The prohibition of these banks from dollar transactions is not without precedent.
2/8/2024
Business
The Game Changer: Disney, Fox, and Warner Bros. Unveil Groundbreaking Sports Streaming Service
The yet-to-be-named service, which will operate under a new brand with an independent management team.
2/8/2024
Business
Goldman Sachs Dives into U.S. Homes through Texas Energy Investment Amid Controversies
The move comes as the Goldman Sachs private equity fund that oversees Rhythm Energy receives approval from federal authorities.
2/4/2024
Business
Paramount Global Faces Intensifying Talks of Sale Amid Shifting Media Landscape
The public struggle is reflected in Paramount Global's stock performance, with shares plummeting by 56%.
2/4/2024
Business
Adidas Chooses to Sell Remaining Yeezy Inventory at Cost, Shuns Write-Offs
This decision follows the company's separation from rapper Ye, formerly known as Kanye West.
2/1/2024
Business
Paramount's Cinematic Gamble: Low-Budget Films Surpass Streaming Expectations, Head to Theaters First
The surge in theatrical releases of low- to mid-budget films is vital for the box office.
1/31/2024
Business
U.S. Consortium's $3 Billion Investment Reshapes PGA Tour Amidst Rivalry and Potential Merger
Under the terms of the agreement, Strategic Sports Group will inject an initial $1.5 billion into the PGA Tour.
1/31/2024
Business
Microsoft Hits Historic $3 Trillion Market Cap
Reaching a market value of $3 trillion is a testament to Microsoft's enduring influence.
1/28/2024
Business
China's Strategic Economic Shift: Cutting Bank Reserves to Fuel Growth
This decision is part of China's broader efforts to defend its markets and stimulate economic growth.
1/29/2024
Business
Netflix Clinches $5 Billion Deal with WWE for Exclusive 'Raw' Streaming Rights
This agreement marks a notable expansion of Netflix's live programming portfolio.
1/24/2024
Business
Amazon Ventures into Online Car Sales: A Game-Changer in the $3 Trillion Auto Market
The move comes as Vroom, Inc., a prominent player in online used vehicle sales, announces discontinuation.
1/24/2024
Business
Dwayne Johnson 'The Rock' Powers Up TKO Group: Joins Board and Secures Trademark Rights
Johnson's appointment to the TKO board reflects his vast experience in sports, entertainment, and business.
1/24/2024
Business
Africa's Economic Ascent: A Magnet for Global Investment in 2024
This strategic shift to attract foreign capital marks a significant moment for Africa.
1/24/2024
Business
Elon Musk's AI Venture Soars with $500 Million Funding Boost
This significant financial injection will accelerate research and development, allowing the startup to attract top AI talent.
1/21/2024
Business
Leading Ladies: Diverse Women Making Waves in Business Leadership
A formidable wave of female leaders from diverse ethnic backgrounds is reshaping the narrative of corporate success.
1/19/2024
Business
Rising Stars: Diverse Voices Shaping the Future of Business in Emerging Markets
TechHive Innovations, ChaiCraft Artisan Teas, EcoChic Couture, and SpiceRoute Adventures are just a few examples.
1/19/2024
Business
Impactful Investments: Diverse Leaders Steering Sustainable Change Globally
A powerful transformation is unfolding as leaders from diverse backgrounds champion the cause of global impact investing.
1/19/2024
Business
Global Triumphs: Inspiring Journeys of Diverse Entrepreneurs Shaping the World
A spotlight shines on the remarkable success stories of entrepreneurs hailing from diverse cultural backgrounds.
1/19/2024
Business
Ngannou's Business Brilliance: Harvard Business School to Feature Francis Ngannou in New Case Study
The announcement of the Harvard Business School case study was made by Anita Elberse, a Harvard professor.
1/17/2024
Business
Google Removes Binance and Kraken Apps from Play Store Amid India's Crypto Crackdown
Google has removed several cryptocurrency exchanges, including Binance and Kraken, from its Play Store in India.
1/16/2024
Business
From Mumbai to Wall Street: Dr. Arjun Kapoor's Financial Odyssey in the Heart of American Business
One of Dr. Kapoor's notable achievements lies in his strategic leadership roles within major financial institutions.
3/18/2023
Business
Global Visionary: Dr. Mei Lin's Entrepreneurial Journey from China to Revolutionizing Business in the USA
Beyond her business endeavors, Dr. Lin is a vocal advocate for diversity in entrepreneurship.
8/30/2023
Business
Indra Nooyi: Pioneering Leadership and Corporate Vision at the Helm of PepsiCo
Indra Nooyi's leadership style was marked by inclusivity and empowerment.
2/3/2023
Business
Satya Nadella: Leading with Innovation and Empathy in the Tech World
Nadella's ascent to the top of Microsoft in 2014 marked a turning point for the company.
7/24/2023
Business
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