Adidas Investigates After Ex-workers Allege Ye Misconduct
Adidas says it is investigating allegations of inappropriate workplace conduct by the rapper formerly known as Kanye West that ex-employees made in an anonymous letter also accusing the German sportswear brand of looking the other way. Adidas, which made his Yeezy line, cut ties with Ye last month over his offensive and antisemitic remarks after […]
US Bans Sale Of Huawei, ZTE Tech Amid Security Fears
The US has banned the sale and import of new communications equipment from five Chinese companies, including Huawei and ZTE, amid concerns over national security. Other companies listed include Hikvision, Dahua and Hytera, which make video surveillance equipment and two-way radio systems. It is the first time US regulators have taken such a move on […]
7 People Dead, Including Shooter, At Walmart Shooting In Virginia: Police
A shooter opened fire in a Walmart in Virginia late Tuesday, leaving six people dead, police said, in the country’s second high-profile mass killing in a handful of days. The assailant is also dead. The store in Chesapeake is now safe and will likely be closed for several days during the investigation, Officer Leo Kosinski […]
Theranos Founder Elizabeth Holmes Jailed For Fraud
Theranos founder Elizabeth Holmes has been sentenced to over 11 years in prison for defrauding investors in her blood testing start-up that was once valued at $9bn (£7.5bn). The former Silicon Valley star falsely claimed the technology could diagnose disease with just a few drops of blood. Holmes, 38, who is pregnant, tearfully told the […]
Naira Redesign: CBN Directs Commercial Banks To Operate On Saturdays Till January 31, 2023
The Central Bank of Nigeria (CBN) has directed all commercial banks in the country to work on Saturdays until January 31, 2023, as part of efforts to ensure Nigerians return old naira notes. The apex bank issued the instruction on Thursday at the CBN fair in Ilorin, the Kwara State capital. Recall that the CBN […]
Ukraine War: Billionaire Andrew Forrest Launches $25bn Fund For Reconstruction
Australian mining billionaire Andrew Forrest has launched an investment fund that is hoped will be worth at least $25bn (£21bn) to help rebuild war-torn Ukraine. Mr Forrest and his wife have committed $500m to the fund, which its organisers say could eventually grow to $100bn. The Ukraine Green Growth Initiative plans to invest in primary […]
Amazon Staff Laid Off As Tech Giants Cut Costs, According To LinkedIn Posts
Technology giant Amazon has started laying off staff, according to LinkedIn posts by workers who say they have been impacted by job cuts. This week it was reported that the company is planning to cut 10,000 jobs, or around 3% of its office staff. Amazon did not immediately respond to a BBC request for comment. […]
UK Inflation Rises To 41-year High At 11.1%
Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans on Thursday. Consumer prices rose 11.1% in the 12 months through October, compared with 10.1% in September, the Office for National Statistics said […]
Air Peace Suspends Dubai Flights Over Visa Ban
Air Peace announced yesterday that it would pause its Dubai operations indefinitely due to Nigerians’ inability to obtain visas to the country. The airline disclosed in a press release, a copy of which was provided to Newsmen, that its operations will cease on Tuesday, November 22, 2022. The statement reads, “We hereby inform the public, […]
Prosecutors Push 15-year Sentence For Theranos’ CEO Holmes
Federal prosecutors have asked a judge to sentence disgraced Theranos CEO Elizabeth Holmes to 15 years in prison, arguing she deserves a lengthy prison term because her massive scheme duped investors out of hundreds of millions of dollars by falsely convincing them her company had developed a revolutionary blood testing device. Calling the case “one […]
