AI and Accessibility Challenges within the Metaverse
The Metaverse, a revolutionary virtual world, promises to transform the way we interact, socialize, and experience life. The metaverse refers to the convergence of physical and virtual space accessed through computers and enabled by immersive technologies such as virtual reality, augmented reality and mixed reality. However, the promise of immersion and inclusivity is threatened by accessibility […]
NGX: Investors Lose N468.4bn In 3 Days Amid Profit-Taking
Investors trading on the Nigerian Exchange Limited (NGX) witnessed a significant loss in their investments over three days as profit-taking persisted in fundamental stocks. The overall market capitalization closed at N58.948 trillion, reflecting a decline of N468.4 billion or 0.8 percent from N59.416 trillion at the beginning of the week. “The market capitalization dipped by […]
Relief As CBN Clears $7bn Forex Backlog Amid Boosting Economic Stabilization
The Central Bank of Nigeria (CBN) has announced the clearance of all forex backlogs, a significant stride towards economic stabilization. This achievement fulfills a commitment made by CBN Governor, Mr Olayemi Cardoso, to address an inherited backlog of $7bn in claims. Strategic Approach For Forex Backlog CBN’s Acting Director of Corporate Communications, Mrs Sidi Ali, […]
Inflation: Argentineans Abandoned US Dollar, Shift To Bitcoin
Argentineans are turning to Bitcoin as a shield against record-breaking inflation, marking a significant shift in the country’s economic landscape. Recent data indicates a surge in Bitcoin purchases in Argentina, with weekly transactions reaching their highest levels in 20 months. The number of buyers doubled in March compared to February, with over 34,700 weekly purchases […]
French Authority Hit Google With €250m Fine For Copyright Infringement
The Autorité de la Concurrence in France has hit tech giant Google with a €250 million fine due to its failure to comply with copyright regulations. This move marks the fourth decision in a four-year-long investigation into Google’s practices related to copyright and AI training. Google’s Misuse of Media Content for AI Training Google found […]
Naira Gains Ground, Hits N1,400/$1 In Parallel Market
In a remarkable turn, parallel market operators are now offering a buy price of N1400/$1 for those willing to sell dollars, signaling a notable strengthening of the Naira. This shift comes as a result of recent market dynamics. Speculator’s Behavior Towards The Naira The exchange rate has seen an upward trend lately, primarily due to […]
Casemiro Withdrawn From Brazil Squad As Personal Doctor Detects Hamstring Injury
Manchester United’s star midfielder, Casemiro, raised concerns as he complained of a hamstring issue during training ahead of the FA Cup clash against Liverpool. “We had a practice session, and I felt a twinge in my hamstring. I knew something wasn’t right,” Casemiro revealed. Man Utd Staff Declared Casemiro Fit To Play Despite his discomfort, […]
NGX Sees Second Consecutive Day of Negative Trading As Investors Lose N62bn
For the second day in a row, the Nigerian Equities Market witnessed a downturn in trading activities, resulting in investors facing losses worth N62.21 billion, according to data from the NGX-All Share Index (ASI). The NGX-All Share Index (ASI) dipped to 104,553.31 from the previous day’s close of 104,663.34, indicating a downward trend in market […]
Ferrari Faces Legal Action For Brake Defects Amid Over $200,000 Luxury Sport Car
Ferrari NV, renowned for its luxury sports cars, is under legal scrutiny in the United States. A class-action lawsuit filed in San Diego federal court accuses them of negligence in addressing a dangerous safety defect related to brakes in certain models. The lawsuit claims that Ferrari’s recalls were merely temporary fixes for the brake issues, […]
Elon Musk Regains America’s Wealthiest Person Title From Jeff Bezos With $5.5bn Surge In One Day
Elon Musk, the enigmatic entrepreneur behind Tesla, has once again clinched the title of the wealthiest person in America, surpassing his rival Jeff Bezos. According to the Forbes Real-Time Billionaire Index, Musk’s fortune surged by approximately $5.5 billion on Monday, edging ahead of Bezos, who had briefly held the top spot in recent weeks. In […]