Nvidia, the world’s leading AI chip manufacturer, sparked a global stock market downturn Wednesday, with indexes falling in Asia, Europe, and the United States. After news broke on Tuesday that the US Justice Department issued Nvidia a subpoena as part of an antitrust investigation, investors sold $279 billion worth of shares — amounting to 9.5
Uniswap hit with order by CFTC for illegal trading in digital asset derivatives The decentralized exchange will pay $175,000 in civil monetary penalty and is also ordered to cease and desist from the illegal offerings. Uniswap has settled with the Commodity Futures Trading Commission after the regulator found the decentralized exchange had violated derivatives trading
In the second quarter, Meituan avoided the sweeping organizational changes that marked the start of the year. Instead, in an internal letter issued by CEO Wang Xing on August 23, Meituan focused on refining and consolidating previously scattered initiatives into three distinct segments: hardware and software services, food and grocery retail, and Keeta. Essentially, the
The only metro in KwaZulu-Natal, eThekwini believes the reopening of the Hilton Hotel in Durban augurs well for the city’s tourism industry. This comes after news that the tourist-loved luxury five-star hotel had decided to reopen its doors after three years of uncertainty. “The reopening of the Hilton Hotel will significantly benefit the city’s tourism
Kasha, an e-commerce platform improving women’s access to genuine health, hygiene and self-care products in East Africa has raised undisclosed fund from Sanofi to scale up the awareness of for Non-Communicable Diseases (NCDs) and other health issues and make it easier and more affordable for people to get the medications they need, especially lower income
Sizwe Dhlomo recently made strong remarks about Vusi Thembekwayo, a well-known businessman and motivational speaker. The radio presenter called Vusi a scam on Twitter while conversing with a tweep who revealed the businessman’s perception of how business owners should treat their clients. “People think sounding in demand makes them desirable. It doesn’t. No one wants
Civil servants at Federal Secretariat As Nigerians’ economic situation continues to deteriorate, federal civil servants in the FCT have decried the prolonged delay in implementing the new minimum wage of N70,000. The News Agency of Nigeria (NAN) reports that the living standard of Nigerians had continued to deteriorate since President Bola Tinubu announced the removal
Petrol By Sola Salako-Ajulo Inflation is an economic reality that affects every sector, and in Nigeria, its impact has been particularly severe in recent months. The removal of subsidies on petroleum products, combined with volatile exchange rates, has led to a significant surge in the cost of living. From food items to transportation, prices have
The pivot to remote work isn’t just a trend; it’s a full-scale evolution in how we do business. It’s exciting and daunting in equal measure, presenting a unique blend of opportunities and obstacles. Here’s a closer look at how leaders can harness the full potential of remote work. Cultivating a connected remote culture The essence
At 7:00 in the morning, a cop found a little boy sleeping alone on a park bench. Concerned, the officer approached the boy to understand why he was there. The boy’s response, “I have to sleep here,” followed by his heart-wrenching story, moved the cop to tears. Officer Richard raised an eyebrow upon hearing the
