Musk tweeted in November that the company had seen a “massive drop in revenue” Musk has ended many of Twitter’s perks, such as free meals. A 190cm (6ft) planter in the shape of an @ symbol is already fetching $4,300. Eko Hot Blog reports that Twitter has placed hundreds of items from its San Francisco … Read more
Apple chief executive Tim Cook will see his annual pay package slashed by more than 40% this year. Eko Hot Blog reports that the technology giant says Mr Cook requested the cut after criticism from shareholders. EDITOR’S PICKS US: Justice Department Investigates Potentially Classified Files Found In Biden’s Private Office Mali Pardons Ivory Coast Troops, … Read more
Adidas has lost a court case to try to stop a fashion designer from using a four-stripe design. Eko Hot Blog reports that the sportswear giant argued that luxury brand Thom Browne Inc’s four stripes were too similar to its three stripes. EDITOR’S PICKS US: Justice Department Investigates Potentially Classified Files Found In Biden’s Private … Read more
The world’s richest man, Bernard Arnault, has appointed his daughter to head up the fashion house Dior. Eko Hot Blog reports that Mr Arnault promoted Delphine Arnault, 47, as part of a reshuffle at LVMH, Europe’s most valuable company. EDITOR’S PICKS US: Justice Department Investigates Potentially Classified Files Found In Biden’s Private Office Mali Pardons … Read more
IThe crypto winter is apparently not over yet. Coinbase announced Tuesday that it was laying off 950 people, about 20% of its staff. The job cuts come only a few months after another major round of layoffs. The crypto brokerage firm let 1,100 people go in June, about 18% of its headcount at the time. … Read more
Disney’s boss has called on employees who are currently working from home to start going into the office for four days a week from the start of March. Eko Hot Blog reports that Chief executive Bob Iger said so-called “hybrid” workers will now be asked to treat “Monday through Thursday as in-person workdays.” EDITOR’S PICKS … Read more
When you’re starting a new business, there’s a lot to consider. You want to make sure you set your company up for success, which means trying to avoid mistakes that could cost you money or make it harder for your small business to thrive. EDITOR’S PICKS 5 Foods That Can Reduce Anxiety Instantly 3 Warning … Read more
Major high street fashion brands have paid factories in Bangladesh less than the cost of producing their clothes, researchers claim. Eko Hot Blog reports that a survey of 1,000 factories found many were paid the same prices as before the pandemic two years ago – despite soaring costs of materials. EDITOR’S PICKS US: House Of … Read more
Amazon said Wednesday it will cut over 18,000 jobs, a bigger number than the e-retailer initially said it would be eliminating last year. Eko Hot Blog reports that The Wall Street Journal reported on the cuts earlier, which Amazon said pre-empted its planned announcement. “We typically wait to communicate about these outcomes until we can speak with … Read more
Electric car maker Tesla says it delivered a record 1.3m vehicles last year, 40% more than in 2021. Eko Hot Blog reports that it comes after the company delivered more than 405,000 vehicles in the last three months of 2022. EDITOR’S PICKS US: House Of Reps Bans TikTok From Official Devices Supreme Court Sets Date … Read more
A watchdog is to investigate Twitter after a hacker claimed to have private details linked to more than 400 million accounts. Eko Hot Blog reports that The hacker, “Ryushi”, is demanding $200,000 (£166,000) to hand over the data – reported to include that of some celebrities – and delete it. EDITOR’S PICKS US: House Of … Read more
The operator of Domino’s Pizza in Russia is considering selling its business there 10 months after the Kremlin launched the war in Ukraine. Eko Hot Blog reports that DP Eurasia, which owns the franchise for Domino’s Pizza in Russia, is one of a handful of Western firms that has not suspended or removed services there. … Read more
Facebook owner Meta has agreed to pay $725m (£600m) to settle legal action over a data breach linked to political consultancy Cambridge Analytica. Eko Hot Blog reports that the long-running dispute accused the social media giant of allowing third parties, including the British firm, to access Facebook users’ personal data. EDITOR’S PICKS British Airways: Flights … Read more
Twitter rival Mastodon has grown eight times its size in a matter of weeks, going from approximately 300,000 users in October to 2.5 million in November, according to a blog post by the platform’s founder, Eugen Rochko. Eko Hot Blog reports that the eye-popping growth figure comes as a wave of Twitter users has announced … Read more
The NBS has revealed the average price of petrol in November. Eko Hot Blog reports that the National Bureau of Statistics (NBS) says the average retail price paid by consumers for Premium Motor Spirit (NBS), better known as Petrol, in November 2022, was N202.48. EDITOR’S PICKS Unfazed By Attacks, INEC Vows To Advance With 2023 … Read more
Starbucks is facing a three-day strike in the US, as workers engage in a bitter battle with the coffee giant over joining unions. Eko Hot Blog reports that the walkout will affect 100 stores, where workers have joined organisations over the past year despite fierce opposition from the firm. EDITOR’S PICKS New Orleans: Man Kills … Read more
Former US President Donald Trump has launched a collection of digital trading cards depicting him in various guises, including a superhero, astronaut and Nascar driver. Eko Hot Blog reports that Mr Trump said, “These limited edition cards feature amazing ART of my Life & Career!” EDITOR’S PICKS New Orleans: Man Kills Female Uber Driver Atlanta: … Read more
LAPO Microfinance Bank (MFB) Limited has won the award for “The Best Financially Inclusive MFB of the Year” 2022. Eko Hot Blog reports that the award was presented to the bank at the maiden edition of the International Financial Inclusion Conference organized by the National Financial Inclusion Steering Committee, NFISC, supervised by the Central Bank of … Read more
Elon Musk is no longer the world’s richest man after a sharp drop in the value of his shares in the electric car company Tesla this year. Eko Hot Blog reports that Mr Musk has been overtaken at the top spot by Bernard Arnault, the chief executive of luxury goods group LVMH. EDITOR’S PICKS New … Read more
Twitter on Monday night announced it was disbanding its “Trust and Safety Council,” according to an email the company sent to the councils’ members. Eko Hot Blog reports that The company said in the email that it was “reevaluating how best to bring external insights into our product and policy development work. As part of … Read more