Business Insights

The state of Arkansas filed two lawsuits against TikTok and its Chinese parent company ByteDance and a third lawsuit against Meta, on the companies’ alleged violation of the state’s deceptive trade practices act. It further claimed that the social media companies were misleading consumers about the safety of children on their platforms and the protection […]

Rishi Sunak has said that he will do everything he can to stop Scotland’s new First Minister Humza Yousaf from breaking up the UK. The Prime Minister said he will block Yousaf’s bid for a re-run independence referendum. “I am very clear that I passionately believe in our union… I care about our union, I […]

Legislators and policymakers have indicated that they’re moving forward with the plan to ban TikTok on a nationwide level. The growing effort to bar TikTok comes after its chief Shou Zi Chew appeared before a US House committee on Thursday, where lawmakers from both parties fenced him about national security and other concerns involving the app and […]

The sharp devaluation of Twitter is now the new headache of controversial billionaire Elon Musk as the social media company is now worth less than half of what he paid for it six months ago. Twitter’s CEO Musk inferred to staff that the company is now valued at less than $20bn, compared with the $44bn […]

Consulting firm Accenture PLC will cut 19,000 jobs which is approximately 2.5% of its workforce. The company said it expects to insure $1.2 billion in employee severance and personnel costs. According to a report in Fortune magazine, this is the latest sign of economic uncertainty that has affected not just consultancies but also the tech […]

Thirty-five years in prison is what awaits former Florida State Representative Joseph Harding as he pleaded guilty to scam, money laundering, and making false statements for COVID-19 relief money, the Department of Justice (DOJ) affirmed. Harding was accused of seeking COVID relief loans from the Small Business Administration (SBA) in 2020, when he was still a Republican member of […]

Lack of anything to eat and food insecurity are issues expected to escalate in 2023 due to the effect of cuts to the food stamps program, high inflation, and the end of pandemic benefits. Food insecurity indicates that someone isn’t able to secure enough food for a nutritious diet, which can lead to skipping meals or cutting […]

Jeff Bezos’ ex-wife MacKenzie Scott is giving away $250 million in an open call to community focused non profit organisations. According to Fortune magazine, Scott will make the $1 million donations to 250 selected NGO’s through her organization Yield Giving. She said it will be a “new pathway to support for organizations making positive change […]

Jose Negron of Waterbury, Conn. wanted a unique marriage proposal that his girlfriend will never forget. He rented a space on a billboard in the advertisement capital of America. As the couple walked through the busy street, a photo of Cartigila, Negron, and their son appeared on a 55-foot-wide, 31-foot-tall billboard with the caption “Will You Marry […]

Amazon CEO Andrew Jassy announced on March 20 that the company would likely retrench another 9,000 employees. This is in addition to the 18,000 people that the e-commerce giant announced it would lay off in January. The cuts will likely be in the advertising department, video streaming service, Twitch, Amazon Web Services and in the […]

The BBC is in the midst of deciding whether or not to ban Chinese social media app TikTok. It has told its staff to delete the app from their work phones unless they are using it for editorial or marketing according to a Deadline report. This decision was in the wake of the UK government […]

Ex president Donald Trump said he expects to be arrested in the coming week in relation to the Stormy Daniels case. He is alleged to have given hush money to the adult film actress. Trump wrote on his platform Truth Social on March 18 that he anticipates being arrested on Tuesday in the case related […]

When we are not employed, we have so much free time on our hands. Because there is so much free time, we squander our time by sitting around doing nothing or using too much time thinking of the sad plight we are in. But how we spend this free time can have a huge impact […]

Suspicious activity reports sent by banks are being thoroughly reviewed by the House Oversight Committee and may indicate the involvement of the family of President Biden in dubious activities. Such review is predicted to fast-track the inquiry into Joe Biden’s links to undertakings in China, Russia, and Ukraine. To recall, it was reported by CBS […]

Reach, a publisher which owns regionals newspapers as well as the Mirror and Express newspapers has said that it may have to retrench up to 420 employees as part of a cost-cutting exercise. The company also owns smaller outfits such as the Birmingham Mail, Liverpool Echo and Manchester Evening News. In January the publisher had […]