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Prada to buy Versace for $1.4b

The Prada Group has announced its acquisition of Italy’s Versace from Capri Holdings for 1.25 billion euros ($1.4 billion). Prada stated that Versace’s recognizable aesthetic complements its existing portfolio, which includes the Prada and Miu Miu brands, and offers significant growth potential. The final value of the deal will be adjusted at closing, anticipated in […]

Google settles $100m lawsuit over ad pricing disputes
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Google joins OpenAI, backs Anthropic’s AI connectivity standard

Google is the latest tech giant to throw its weight behind Anthropic’s Model Context Protocol, a rising industry standard designed to help AI models interact more effectively with external data sources. In a post on social media platform X on Wednesday, Google DeepMind CEO Demis Hassabis announced that support for MCP would be integrated into […]

Meta took advantage of distressed teens' emotions, Whistleblower alleges
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Meta took advantage of distressed teens’ emotions, Whistleblower alleges

Former Meta executive and whistleblower Sarah Wynn-Williams alleged in Senate testimony on Wednesday that the social media giant knowingly allowed advertisers to target emotionally vulnerable teenagers, including those experiencing feelings of worthlessness or depression. Wynn-Williams, who served as Meta’s Director of Global Public Policy and recently published a memoir titled Careless People, detailed how the […]

Business

Cristiano Ronaldo marks movie-making debut with new film studio

Cristiano Ronaldo and British film producer Matthew Vaughn have teamed up to create an independent film studio, UR-Marv. This marks Ronaldo’s debut in the film industry. They have already financed and produced two action films, with plans for a third in the same series. The financial details of their 50-50 joint venture were not disclosed. […]

News

China cuts Hollywood film imports as trade war escalates

China plans to cut back on Hollywood film imports as tensions rise in its trade dispute with the United States. In a statement released Thursday, the China Film Administration confirmed the move, responding to questions about whether growing U.S. tariffs would affect American movie imports. The CFA said China would instead focus on increasing film […]

Musk’s xAI launches Grok 3 API despite legal battle with OpenAI
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Musk’s xAI launches Grok 3 API despite legal battle with OpenAI

Even as OpenAI intensifies its legal battle with Elon Musk, the billionaire’s artificial intelligence firm, xAI, is pressing forward with the rollout of its flagship language model, Grok 3. On Wednesday, xAI officially made Grok 3 and a smaller variant, Grok 3 Mini, available to developers through an application programming interface (API), marking the company’s […]

Transportation

Abidjan-Lagos corridor transports 200,000 tonnes of goods annually

The Abidjan-Lagos Corridor, despite its high transit levy, continues to see significant economic activity, generating over 200,000 tons of goods annually. This was disclosed by the Vice President in charge of National and International Affairs and Coordinator of the Eastern Corridor of West African Cross Border Traders, Salami Nasiru Alasoadua, according to The Punch Alasoadua […]

PETROAN dismisses fuel scarcity fears amid naira-for-crude controversy
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Fuel price-cut in view as FG renews naira-for-crude deal

Oil marketers have said that Nigerians may soon experience significant relief as the pump price of Premium Motor Spirit is expected to drop sharply. This follows the Federal Government’s continued implementation of the crude oil and refined product sales in naira initiative. They also revealed that the Dangote Refinery, a key player in the downstream […]

As TikTok’s future in the United States remains uncertain, the company has begun testing a new platform aimed at supporting artists in their careers.
News

China reiterates authority over TikTok deal amid US deadline extension

China on Wednesday reaffirmed that any potential deal involving the sale or restructuring of TikTok must comply with its domestic laws, doubling down on its position as the United States pushes for a resolution over the app’s U.S. operations. The statement comes in response to U.S. President Donald Trump’s decision last week to extend the […]

Starlink withdraws from South African regulatory hearings
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OpenAI countersues Elon Musk for harassment, sabotage

OpenAI filed a countersuit against Elon Musk on Wednesday, accusing the billionaire entrepreneur of a sustained campaign of harassment and interference aimed at derailing the company’s transition to a for-profit structure. The legal move comes as tensions escalate between the two former co-founders over the future direction of one of the world’s leading artificial intelligence […]

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