Tesla has issued a remote recall of 1.7 million vehicles in China due to an issue with the front trunk lid. According to reports, a software issue may cause the front trunk lid to not be detected when unlocked, resulting in a potential safety hazard. Affected vehicles include, imported Model S and X vehicles and…
Mobius Motors To Shutdown
Mobius Motors Kenya Ltd is a vehicle re-assembler incorporated in the United Kingdom in 2010 and registered in Kenya in 2011, and is headquartered in Nairobi, Kenya. The company manufactures SUVs (sport utility vehicles) that can handle the rough roads and rugged terrain for customers in Africa. According to reports, Mobius Motors has entered into…
Florida: Hurricane Debby Makes Landfall
Florida is a state in the Southeastern region of the United States. It is bordered by Georgia and Cuba; it is the only state that borders both the Gulf of Mexico and the Atlantic Ocean. With a population of over 22 million residents as of 2023, it is the third-most populous state in the United…
Woodside Energy: $2.35 Billion Ammonia Project Deal
Woodside Energy Group Ltd, the Australian petroleum exploration and production company, has announced the acquisition of a clean ammonia project in Texas for $2.35 billion USD in cash as it seeks to grow its lower-carbon offering and cut emissions from its products. According to reports, this deal will give Woodside the ‘early-mover’ advantage in the…
Infineon Cuts 1,400 Jobs
Infineon Technologies AG is Germany’s largest semiconductor manufacturer, founded in 1999 and headquartered in Neubiberg, Germany. It designs, develops, manufactures, and markets semiconductors and related products. According to reports, Infineon has announced plans to cut 1,400 jobs globally, as part of a cost savings program. The cuts include the cancellation of several hundred positions at…
Canada: Caribana Festival 2024
Caribana is an annual Caribbean cultural festival held in Toronto, Canada, every summer. It was founded in 1967 and is aimed at promoting Caribbean culture and identity in Canada through music and art. It is one of the largest street festivals in North America that attracts over 1.3 million tourists every year. Caribana features various…
Protest In Nigeria Over Cost Of Living
Nigeria, officially known as the Federal Republic of Nigeria, is the most populous country in West Africa, with over 200 million residents. Thousands of people have taken to the streets across the country to protest against the increasing cost of living, government reforms, and fuel prices. According to reports, the protest tagged #EndBadGovernanceInNigeria started on…
Intel To Layoff 15,000 Employees
Intel, the multinational technology company, has announced plans to lay off 15,000 employees, which amounts to 15% of its workforce, as part of a global restructuring aimed at cutting costs. According to reports, the layoffs are expected to be completed by the end of 2024 and will reduce spending by $10 billion USD in 2025….
Bungie To Layoff 220
Bungie, Inc. is an American video game company founded in 1991 and headquartered in Bellevue, Washington. It is a subsidiary of Sony Interactive Entertainment. Some of its video game franchises are Halo, Marathon, and Destiny. According to reports, Bungie has announced plans to lay off 220 employees, which amounts to 17% of the company’s workforce,…
Canva: Leonardo.ai Acquisition Deal
Canva, the online design platform, has announced the acquisition of Leonardo.ai, a generative AI content and research startup, as it aims to become a leader in the rapidly evolving world of AI-powered design tools. According to reports, Leonardo.ai’s technology will be integrated into Canva’s existing Magic Studio suite, significantly enhancing its generative AI capabilities. The…