Latest News

Meta surges as earnings beat expectations after belt tightening
Meta surges as earnings beat expectations after belt tightening
Business and Economy
by  AFP

Shares in Facebook parent Meta surged Wednesday after the internet titan reported it made a profit of $5.7 billion in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs. The profit came on revenue of $28.6 billion and as the number of people using Facebook every month grew to just shy of three billion, an earnings report showed.

Fugees rapper Pras Michel guilty in corruption scheme
Fugees rapper Pras Michel guilty in corruption scheme
Business and Economy
by  AFP

Pras Michel, a rapper in the 1990s hit trio The Fugees, was found guilty Wednesday of helping funnel money from a billion-dollar Malaysia scam into US politics. Michel helped Low funnel the donations through shell companies, breaking laws that make it illegal for foreign nationals to contribute money to US political campaigns.

Theranos founder Holmes stays out of prison with appeal
Theranos founder Holmes stays out of prison with appeal
Business and Economy
by  AFP

Fallen US biotech star Elizabeth Holmes will stay out of prison for now after her lawyers lodged a last-minute appeal to avoid starting her 11 year sentence. Her lawyers on Tuesday informed a US judge that they were appealing that decision, meaning she could remain out of prison for the time it took to decide that request.