Twitter lost more than half a billion dollars in the three months to September after it paid $809.5m (£588m) to settle a long-running lawsuit. The social media giant was accused of misleading investors over user engagement in 2015. However despite this one-off charge, its quarterly revenue grew 37% as it managed to shrug off the […]
China insisted Wednesday that Taiwan had no right to join the United Nations, after the United States ratcheted up tensions with a call for the democratic island to have greater involvement in the world body. In a statement marking 50 years since the UN General Assembly voted to seat Beijing and boot out Taipei, US […]
Vice President Yemi Osinbajo has called on Organisation for Economic Co-operation and Development (OECD) countries to fulfill their promise of $100 billion dollars to developing countries towards achieving Net-Zero Emission. Net -Zero Emission entails removing all man-made greenhouse gas emissions from the atmosphere through reduction measures by 2050. Osinbajo made this call while featuring in […]
Washington has revoked the US licence of one of China’s biggest telecoms companies citing “national security” concerns. China Telecom must stop providing services in America within 60 days. Officials said the Chinese government’s control of the company gave it the opportunity “to access, store, disrupt, and/or misroute US communications”. This in turn could allow it […]
McDonald’s workers walked out at restaurants in 12 US cities in protest at the fast food giant’s handling of sexual harassment claims. Organisers, who have held five strikes over harassment since 2018, say McDonald’s has “largely ignored” frontline workers who complain. Cashiers and cooks walked out in Chicago, Detroit, Houston and Miami among other places […]
US comedian Dave Chappelle, whose latest Netflix special sparked a transgender backlash, has hit back at those he says want to “cancel” him. Chappelle posted on Instagram that he was willing to meet members of the transgender community, amid criticism his comedy show was transphobic. He also invited viewers to decide whether he had been […]
China placed a city of four million under lockdown on Tuesday in a bid to stamp out a domestic coronavirus spike, with residents told not to leave home except in emergencies. Beijing imposed strict border controls after the new coronavirus was first detected in China in late 2019, slowing the number of cases to a […]
Economists have said that the e-Naira, when rolled out, will have far-reaching implications for the future of the banking sector in Nigeria. The experts, in separate interviews with the News Agency of Nigeria (NAN), said whether the launch would be salutary or destabilizing would depend on how it is implemented. President Muhammadu Buhari, on Monday […]
Blue Origin, the space tourism company owned by Amazon founder Jeff Bezos, has announced plans to launch a commercial space station. Bosses said on Monday that they hope to operate the station, named “Orbital Reef,” by the end of the decade. Promotional material released by the company claims the station will be a “mixed-use business […]
Facebook has posted better-than-expected profits for the third quarter, as it continues to face bad press over leaked internal documents. The social media giant made $9bn (£6.5bn) of profit in the three months to September, up from $7.8bn last year. However, it was hit by a new privacy update to Apple’s iOS 14 operating system, […]