Intense rainfall has struck parts of Lagos, the most populous city in Africa, following heavy rains that started in the early hours of today, July 3, 2024. According to reports, torrential rains have caused flash floods which led to severe damage to properties and disrupted travel and daily activities across the city. Workers were seen…
Stellantis: $55 Million Archer Investment
Stellantis has announced plans to invest an additional $55 million USD in Archer following a successful flight test milestone. This brings the total investment by Stellantis to $165 million USD as part of a strategic funding agreement between the two companies. Construction of Archer’s manufacturing facility will be completed by the end of the year…
Unacademy To Layoff 250
Unacademy is an Indian multinational educational technology company founded in 2015 and headquartered in Bangalore. It is an online educational platform that prepares students for various competitive exams like JEE, NEET, UPSC, Chartered Accountancy, GATE, UPSC NDA, etc. According to reports, Unacademy has announced plans to lay off 250 employees in its marketing and sales…
Caribbean: Hurricane Beryl Makes Landfall
The Caribbean is a subregion of the Americas that includes the Caribbean Sea and its islands (West Indies), the Greater Antilles, the Lesser Antilles, the Bahamas, and the coastal areas of Central and South America. It has a population of over 44 million residents as of 2023. According to reports, a Category 5 storm named…
Chicken Soup for the Soul Files For Bankruptcy
Chicken Soup for the Soul Entertainment, Inc. is an American self-help, consumer goods, and media company founded in 1993 and headquartered in Cos Cob, Connecticut. It is known for the Chicken Soup for the Soul book series. The company has also expanded into other areas such as food, pet food, and television programming. According to…
BlackRock: 3.23 Billion Preqin Acquisition Deal
BlackRock Inc., the multinational investment company, has announced plans to acquire Preqin, a private markets data firm in the United Kingdom, for $3.2 billion USD in cash. This acquisition deal will make private markets investing easier and more accessible while building a better-connected platform for investors and fund managers. It is expected to close by…
Boeing: $4.7 Billion Spirit Aero Acquisition
The Boeing company is an American multinational company founded in 1916 and headquartered in Crystal City, Virginia. It designs, manufactures, and sells airplanes, rockets, satellites, security systems, and missiles worldwide. According to reports, Boeing has announced plans to acquire Spirit AeroSystems in an all-stock deal valued at $4.7 billion USD to solidify its position in…
Baidu Launches Ernie 4.0 Turbo
Baidu, the Chinese multinational technology company that offers cloud computing, artificial intelligence, and internet services, has unveiled its upgraded generative AI model called Ernie 4.0 Turbo. According to reports, Ernie 4.0 Turbo offers faster response and better performance on real-world data than previous models and will be available to users via the web and mobile…
Fisker Recalls 12,523 Vehicles
Fisker has issued a recall of 12,523 vehicles in North America and Europe due to issues with the outer door handles. According to the notice from the National Highway Traffic Safety Administration (NHTSA), a door that fails to open can prevent occupants from exiting in an emergency and increase the risk of injury. Affected vehicles…
NFL: $4.7 Billion Antitrust Fine
The National Football League (NFL) is a professional American football league that consists of 32 teams, divided equally between the American Football Conference (AFC) and the National Football Conference (NFC). It was founded in 1920 as the American Professional Football Association and is headquartered on Park Avenue in New York City. According to reports, a…