Business

Apple Faces $1.2 Billion Lawsuit Over Failing to Address Child Sexual Abuse Content on iCloud

buzzafricana2024-12-09T11:28:51+00:00

Apple, one of the world’s largest tech companies, is facing a significant legal challenge as victims of child sexual abuse have filed a $1.2 billion lawsuit, accusing the company of failing to prevent the spread of illegal material on its iCloud service. The lawsuit, filed in the U.S. District Court in Northern California, argues that...

Bitcoin Hits Historic $100,000 Milestone: From Pizza to a Trillion-Dollar Phenomenon

buzzafricana2024-12-05T19:34:53+00:00

In a moment that will be etched in financial history, Bitcoin’s value surged past $100,000 for the first time, cementing its status as a dominant force in the global financial landscape. This marks an extraordinary journey for a 16-year-old cryptocurrency that once struggled for legitimacy and recognition.

A Humble Beginning

Bitcoin’s rise is a far cry...

How a Country’s Economy Was Siphoned Dry: The Bangladesh Banking Scandal

buzzafricana2024-12-05T19:28:20+00:00

Bangladesh’s financial system is reeling from revelations of systemic corruption that drained the country of billions of dollars under the leadership of former Prime Minister Sheikh Hasina. Newly appointed central bank governor, Ahsan Mansur, has disclosed shocking details about the scale of financial mismanagement during Hasina’s 15-year rule, which ended with her government’s collapse in...

Belgium Leads the Way: Sex Workers Gain Employment Rights Under Historic Law

buzzafricana2024-12-04T14:24:10+00:00

Belgium has made history with a groundbreaking law that grants sex workers the same rights as workers in other professions. This world-first legislation provides sex workers with official employment contracts, health insurance, pensions, maternity leave, and sick days, recognizing their work as legitimate employment for the first time.

A New Era for Sex Workers

For Sophie,...

A $6.2 Million Snack: Crypto Entrepreneur Eats Famous Banana Artwork

buzzafricana2024-12-04T14:18:38+00:00

In a bold and surreal twist, Chinese-born cryptocurrency entrepreneur Justin Sun has made headlines by eating the banana from Maurizio Cattelan's infamous artwork Comedian—a banana duct-taped to a wall. Sun purchased the piece for a staggering $6.2 million (£4.9 million) at a Sotheby’s auction in New York last week.

Art Meets Edibility

The original Comedian gained...

Volkswagen Faces Escalating Strikes as Workers Demand Job Security

buzzafricana2024-12-04T14:05:14+00:00

Volkswagen, one of Germany's most iconic automakers, finds itself in the midst of a tense labor dispute as thousands of workers across nine factories walked off the job for several hours on Monday. The strikes, organized by the powerful IG Metall union, signal escalating tensions as the two sides grapple over wages, job security, and...

Elon Musk’s $50 Billion Tesla Pay Package Permanently Blocked by Delaware Judge

buzzafricana2024-12-04T14:01:08+00:00

In a high-stakes legal battle, a Delaware judge has reaffirmed her decision to void Tesla's $50 billion pay package for Elon Musk, despite a second shareholder vote approving the compensation plan. The ruling, issued by Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery, is a major setback for the Tesla CEO and...

📢 Volkswagen Exits Xinjiang: A Turning Point in Global Business Ethics 🌍

buzzafricana2024-11-27T13:50:36+00:00

Volkswagen has announced its withdrawal from Xinjiang, China, citing political and market pressures. The automaker faced criticism over its presence in a region linked to human rights abuses and forced labor. 💡 Key Points: The Urumqi plant has been inactive since 2019. Rising EV adoption and outdated production models made the plant economically unviable. VW’s decision reflects the growing...

Tragedy in Lithuania: DHL Cargo Plane Crashes Near Vilnius Airport

buzzafricana2024-11-26T11:03:20+00:00

A DHL cargo plane crashed early this morning in a residential area near Vilnius Airport, Lithuania, claiming one life, injuring three others, and igniting a house fire. The crash has left the local community shaken and prompted an urgent investigation into the cause.

The Incident

The accident occurred at approximately 5:30 a.m. local time, shortly after...