London CNN — Russia will cut crude oil production by half a million barrels per day starting in March, a little over two months after the world’s major economies imposed a price cap on the country’s seaborne exports. “We will not sell oil to those who directly or indirectly adhere to the principles of the […]
Seoul/Hong Kong CNN — HYBE, the management agency behind superstar boy band BTS, will become the biggest shareholder of its K-pop rival, SM Entertainment. The move strengthens HYBE’s dominance in South Korea’s music industry, where it is already the biggest player, even as it seeks to expand abroad. The South Korean entertainment giants announced the […]
London CNN — When US President Joe Biden signed the Inflation Reduction Act into law, he enacted the biggest climate investment in American history — a landmark moment for a nation that pumps more carbon into the atmosphere than any country bar China. “Our Department of Energy estimates that the new law will reduce emissions […]
CNN — Nigerian tech entrepreneur Dozy Mmobuosi has “made a deposit” to buy Sheffield United, in a takeover that would make him the only Black majority owner in England’s top two professional leagues. Sheffield United currently lie second in the Championship competition and are on course to being promoted to the Premier League, which is […]
Reuters — Lyft (LYFT) on Thursday forecast current-quarter revenue below Wall Street estimates, blaming extremely cold weather in some of its major markets and lower prices, especially during peak hours, sending its shares down nearly 25% in extended trading. The company’s outlook was in contrast to that of its larger rival Uber (UBER), whose strong […]
CNN — The president of SpaceX revealed the company has taken active steps to prevent Ukrainian forces from using the critical Starlink satellite technology with Ukrainian drones that are a key component of their fight against Russia. “There are things that we can do to limit their ability to do that,” Gwynne Shotwell told reporters […]
CNN — Yahoo said Thursday that it will cut 20% of its total workforce by the end of this year as it restructures its advertising unit, just the latest example of the layoffs spreading throughout the tech and media industries. A Yahoo spokesperson told CNN that the company’s legacy ad tech division, Yahoo for Business, […]
Washington CNN — Iran appears to be modifying the attack drones it’s providing to Russia so that the explosive warheads can inflict maximum damage on infrastructure targets inside Ukraine, according to a new investigative report obtained exclusively by CNN. Iran has given Russia hundreds of drones to use in its war in Ukraine, many of […]
Hong Kong CNN — Alibaba says it will launch its own ChatGPT-style tool, becoming the latest tech giant to jump on the chatbot bandwagon. The Chinese behemoth said it was testing an artificial intelligence-powered chatbot internally. It did not share details of when it would launch or what the application would be called. “Frontier innovations […]
Abuja, Nigeria CNN — Nigeria was forced Wednesday to delay plans to replace its banknotes with a redesigned currency after chaotic scenes at ATMs as millions of people struggled to get their hands on the new cash. The country’s old notes were supposed to cease to be legal tender starting February 11 but the country’s Supreme […]
