Apple CEO’s Annual Salary To Be Slashed By Over 40%

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 Loses Trademark Battle With Thom Browne

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

World’s Richest Man Bernard Arnault Appoints Daughter To Head Dior

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

Crypto: Coinbase To Lay Off 20% Of Staff

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 Embraces A Blend Of Remote And On-Site Operations

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

Amazon To Cut Over 18,000 Jobs

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

Twitter Facing Scrutiny Over Data Breaches

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

Meta Settles Data Privacy Lawsuit For $725m

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

Mastodon Set to Topple Twitter As It Reaches 2.5 Million Monthly Users

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

NBS Reveals Average Retail Price Of Petrol In November

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

Former US President Donald Trump Launches NFT Collection

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

This Is the Bank Awarded As The Best Microfinance Bank in 2022

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

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