Samsung Regains Top Spot in Smartphone Market, IDC Reports

Samsung has reclaimed its position as the leading smartphone seller, surpassing Apple as Chinese competitors pose a growing challenge to both market giants, according to industry tracker International Data Corporation (IDC) in its report released Monday. Worldwide smartphone shipments surged nearly 8 percent in the first quarter of this year, reaching 289.4 million units, IDC […]

Binance’s New CEO Emphasizes Commitment Regulatory Compliance Amid Recent Legal Challenges

Richard Teng, the newly appointed CEO of the world’s leading cryptocurrency platform, Binance, has underscored the importance of regulatory compliance for the company’s future success. His remarks come in the wake of recent legal challenges faced by Binance, including allegations of regulatory violations and tax evasion. The cryptocurrency giant has been grappling with regulatory scrutiny […]

Arraignment of Binance Holdings Limited and Senior Executive Stalled in Federal High Court

The arraignment of Binance Holdings Limited and its Senior Executive, Tigray Gambaryan, at the Federal High Court, Abuja, hit a roadblock as proceedings were stalled due to the non-service of charges to the second defendant, Gambaryan. During the court session, Gambaryan’s counsel, Tonye Krukrubo, informed the court that his client, scheduled for arraignment by the […]

Tragic Fire in Istanbul Nightclub Leaves 29 Dead

A fire erupted in the Masquerade nightclub located in the basement of a high-rise building in Istanbul, Turkey, resulting in the tragic deaths of at least 29 individuals, with one person injured. The nightclub, which was closed for renovations during the day, became engulfed in flames shortly after midday, according to Istanbul governor Davut Gül. […]

Xiaomi’s SU7 Max Electric Vehicle Faces Delivery Delays of Up to Six Months

Just days following the debut of its inaugural electric vehicle (EV), Chinese smartphone manufacturer Xiaomi has informed buyers that they may face a wait of up to six months for their vehicle to be delivered. Screenshots circulating on Chinese social media platforms display the company advising customers that the delivery of the SU7 Max could […]

Sam Bankman-Fried Sentenced to 25 Years Imprisonment

Sam Bankman-Fried, the co-founder of the defunct cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of his now-bankrupt firm. The verdict solidifies the downfall of the former billionaire, who had risen to prominence as a prominent advocate for cryptocurrency before his company’s dramatic collapse in 2022. He […]

Sam Bankman-Fried: Sentencing Day Arrives for Former Billionaire

Sam Bankman-Fried, the former billionaire cryptocurrency executive convicted of fraud and money laundering last year, is scheduled to appear in a New York court on Thursday for sentencing. While it is certain that the 32-year-old will be incarcerated, the duration of his sentence remains uncertain. This development has reignited discussions about the gravity of his […]

Zenith Bank Appoints Adaora Umeoji as its First Female GMD/CEO

Zenith Bank has announced the appointment of Adaora Umeoji as its first female Group Managing Director/Chief Executive. The appointment, effective from June 1, 2024, is subject to the approval of the Central Bank of Nigeria. Dr. Ebenezer Onyeagwu, whose five-year term as Group Managing Director/Chief Executive expires on May 31, 2024, will be succeeded by […]

Evergrande’s $78 Billion Revenue Inflation Scandal Unveiled

China’s embattled property behemoth Evergrande and its founder, Hui Ka Yan, are facing allegations of inflating revenues by a staggering $78 billion (£61.6 billion) in the two years preceding the firm’s default on its debt. The country’s financial regulator has imposed a hefty fine of $583.5 million on Evergrande’s mainland subsidiary, Hengda Real Estate. Additionally, […]