Netflix is laying off nearly 1,000 employees, representing about 6% of its workforce, as the streaming giant reassesses its staffing priorities amid intensifying competition for viewers and the loss of a prolonged bidding battle for Warner Bros. Discovery’s streaming and studio assets. The company confirmed the job cuts to TechCrunch, saying most would affect its […] The post Netflix to Cut Nearly 1,000 Jobs as Streaming Competition Intensifies After Warner Bros. Bid Loss appeared first on Tekedia.

Bitcoin is attracting renewed attention from investors as optimism returns to the cryptocurrency market. Michael Saylor, the executive chairman of Strategy, has declared that Bitcoin’s bear market is over, predicting that the leading digital asset could surge back above $100,000. His outlook comes as spot Bitcoin exchange-traded funds record $175.6 million in net inflows, while […] The post Michael Saylor Declares Bitcoin Bear Market Over as ETFs Attract Fresh Inflows and Strive Expands Holdings appeared first on Tekedia.

Reports of a Houthi missile strike targeting Saudi Aramco’s headquarters in Dhahran have heightened concerns about escalating tensions in the Middle East and their potential impact on global energy markets. The reported incident comes as Brent crude oil prices climb above $106 per barrel, highlighting the growing sensitivity of energy markets to security threats around […] The post Houthi Missile Strike Reportedly Hits Saudi Aramco Headquarters in Dhahran as Brent Tops $106 appeared first on Tekedia.

OpenAI has reportedly referred an employee to the Federal Bureau of Investigation after discovering a sophisticated recording device planted inside one of its facilities. The incident raises serious questions about corporate security, employee trust, industrial espionage, and the growing risks facing companies developing advanced artificial intelligence technologies. As AI becomes increasingly valuable to governments, businesses, […] The post OpenAI Refers Employee to FBI After Discovering Sophisticated Recording Device at Its Facility appeared first on Tekedia.

Find out what Apple HomeView does, its features, wall-mount options, US price and estimated price in Nigeria, plus how it compares with Apple HomePod.

An investment fund linked to Dell Technologies founder Michael Dell has agreed to acquire a 1.34% stake in South Korean conglomerate SK Inc. for 544 billion won ($406 million), as SK Group Chairman Chey Tae-won sells shares to finance a divorce settlement and global technology companies compete to secure supplies of memory chips for artificial […] The post Michael Dell-Linked Fund Buys 1.34% Stake in SK Group Holding Company for $406 Million appeared first on Tekedia.

Bank of America has been fined $1.21 billion by US regulators for widespread failures to identify and report potentially illicit financial activity, exposing the lender to a significant earnings hit and renewed investor scrutiny over its compliance systems, operating costs and capital returns. The penalty, which the US Treasury Department described as the third-largest in […] The post Bank of America Hit With $1.21bn Fine Over Money-Laundering Controls, Faces Earnings and Buyback Concerns appeared first on Tekedia.

The European Union is seeking to expand access to Vietnam’s critical mineral reserves as Brussels moves to reduce its dependence on China for materials essential to defense manufacturing, advanced technology and the energy transition, according to internal EU documents reviewed by Reuters. The documents, dated June 2026, recommend financial and technical support for Vietnam’s mining […] The post EU Seeks Vietnam’s Critical Minerals to Reduce Dependence on China Amid Supply Chain Risks appeared first on Tekedia.

GameStop Chief Executive Ryan Cohen has purchased another $22.8 million worth of the videogame retailer’s shares, increasing his ownership to 9.1% and reinforcing his financial commitment to the company as it explores ways to expand beyond its traditional business. Cohen acquired 844,130 shares at prices ranging from $26.75 to $27 apiece, bringing his total holdings […] The post GameStop CEO Ryan Cohen Buys $22.8 Million in Shares, Lifts Stake to 9.1% appeared first on Tekedia.

ASML has warned that demand for its advanced chipmaking equipment is outstripping its ability to supply customers, with semiconductor manufacturers seeking production capacity through 2030 as the artificial intelligence boom accelerates investment in data centers and advanced chips. The Dutch company said on Wednesday that customers were already discussing orders beyond 2027, with some expressing […] The post ASML Raises Sales Outlook as AI Chip Boom Pushes Equipment Orders Into 2030 appeared first on Tekedia.

China’s factory-gate inflation accelerated to its fastest pace in more than four years in September, driven by rising oil and commodity prices, while consumer inflation remained subdued, highlighting the widening gap between mounting production costs and fragile domestic demand. The gap points to an uneven recovery in the world’s second-largest economy, where manufacturers are facing […] The post China Producer Inflation Hits Four-Year High as Weak Consumer Demand Exposes Uneven Recovery appeared first on Tekedia.

China’s trade surplus widened more than expected in September as exports accelerated to their fastest growth since February, putting the world’s second-largest economy on course to approach or exceed last year’s record and increasing the risk of further trade restrictions from major trading partners. Exports surged 36.3% year-on-year, up from 25.0% growth in August and […] The post China’s Trade Surplus Nears $1tn as Exports Surge 36.3%, Raising Tensions With US and EU appeared first on Tekedia.

India is preparing a dedicated policy for data centers as the government seeks to attract billions of dollars in investment in digital infrastructure while preventing the sector’s growing electricity demand from pushing up power costs for households and other consumers. Junior IT Minister Jitin Prasada announced the planned policy on Wednesday, acknowledging concerns that the […] The post India Plans Data Centre Policy to Protect Consumers From Rising Electricity Costs appeared first on Tekedia.

Saudi Arabian stocks fell on Wednesday after an attack on a Saudi Aramco facility heightened concerns over the escalating conflict between the kingdom and Yemen’s Houthi movement, while other Gulf markets delivered mixed performances as regional security risks weighed on investor sentiment. Saudi Arabia’s benchmark index dropped 0.7% in early trading, led by a 1.3% […] The post Saudi Stocks Fall as Aramco Site Attack Deepens Gulf Market Jitters appeared first on Tekedia.

Artificial intelligence could eventually allow workers to complete five days of work in three, giving people more time for family, travel and leisure without sacrificing their incomes. That is the optimistic vision being promoted by some of the world’s most influential business leaders as AI systems become capable of handling more tasks previously performed by […] The post Bezos, Dimon and Gates Predict a Three-Day Workweek as AI Raises Questions About Jobs and Leisure appeared first on Tekedia.

Former FTX CEO Sam Bankman-Fried is asking the U.S. Supreme Court to review his 2023 fraud conviction and the accompanying $11 billion forfeiture order. Sentenced to 25 years in prison in March 2024, the former crypto executive has continued to challenge the trial’s outcome as he seeks to overturn the judgment and the financial penalties […] The post Sam Bankman-Fried Seeks Supreme Court Review of FTX Fraud Conviction and $11 Billion Forfeiture appeared first on Tekedia.

NIMC says Nigeria’s national identity database is hosted locally and managed by its employees. But as more agencies connect to the system, protecting Nigerians’ personal information depends on access controls and accountability—not just where the data is stored.

Nigerian electric mobility startup MAX has secured fresh financing from US-based climate investment firm Nithio, increasing its Series B3 funding round to $29 million as the company accelerates its expansion across Africa. The investment, announced by Nithio on October 12, 2026, will support MAX’s efforts to provide affordable, environmentally friendly transportation solutions across West and […] The post Nigerian E-Mobility Startup MAX Secures Nithio Funding, Raises Series B3 Round to $29 Million appeared first on Tech In Africa.

Building Y-Queue took Emmanuel Obiechina and his co-founders just three weeks. Convincing people to use it proved to be an entirely different education. Long before he conceived Kira AI—his WhatsApp-based banking and payments platform—Obiechina saw a clean engineering solution to a persistent campus headache. At the University of Nigeria, Nsukka (UNN), students routinely struggled to […]

Every $10 (₦13,329.7) borrowed from OPay generated $2.55 (₦3,399.07) in loan-financing revenue in H1 2026. The figure includes late-payment penalties, not just interest, and offers a glimpse into the revenue lenders need to cover the risk of borrower defaults.

Competition is becoming increasingly expensive across the global technology and financial markets. From semiconductor manufacturers battling for artificial intelligence dominance to investors reconsidering risky assets. Several developments suggest that the era of easy optimism may be giving way to a more demanding investment environment. Chip stocks are under pressure, major infrastructure companies are reassessing their […] The post Competition Is Getting Expensive: Chip Stocks, Treasury Yields and Bitcoin Face a New Market Reality appeared first on Tekedia.

The European summer travel season, often referred to as Eurosummer, is becoming longer and increasingly popular among American travelers. Traditionally associated with June, July, and August, the trend now extends into spring and autumn as visitors seek better weather, fewer crowds, and more affordable travel experiences. Changing vacation habits, flexible working arrangements, and the influence […] The post Eurosummer Is Getting Longer and More Popular as Americans Change Their Vacation Habits appeared first on Tekedia.

African fintech company Kuunda has completed a US$5 million secondary share sale led by E4EAfrica, allowing early investors to realise returns while strengthening the company’s long-term investor base. The transaction also sees existing investors such as Accion Ventures, Portugal Gateway Fund and Seedstars Africa Ventures increase their stakes in the business, in a strong show […] The post Kuunda Closes Oversubscribed $5 Million Secondary Share Sale as Existing Investors Double Down appeared first on Tekedia.

Global technology stocks fell on Tuesday as investors extended a sell-off in artificial intelligence-related shares, weighing the competitive implications of advances by China’s memory chip industry against concerns over AI financing, semiconductor valuations and the sustainability of demand. Memory chipmaker Micron Technology fell about 3% in US premarket trading, while Broadcom also came under pressure. […] The post Global Chip Stocks Slide as China’s CXMT Advances and Investors Reassess AI Boom appeared first on Tekedia.

Workplace communication systems do more than move messages between employees. They determine whether a decision reaches the right team, whether its context remains clear, and whether people act on the same information. Chat, email, meetings, documentation, and audio each serve different purposes. Problems arise when delivery becomes fragmented, or attention runs thin. A reliable system […] The post How Workplace Communication Systems Keep Key Information Flowing appeared first on Tekedia.

Online iGaming platforms frequently compete for attention through prominent bonuses, extensive game libraries and claims about rapid payments. Although these features may be easy to compare, they reveal relatively little about the policies that determine a user’s actual experience. A large welcome offer, for example, may come with detailed wagering requirements, restricted payment methods or […] The post How to Compare iGaming Platforms: A Practical Consumer Checklist appeared first on Tekedia.

Apple's first foldable iPhone starts at $1,999 in the US, and the first buyers get their phones on Friday, October 23.

Stellantis-backed automotive group expands its leadership team as it accelerates growth in used-car sales, electric mobility, vehicle maintenance and spare parts across five African markets. AUTO24.africa, the pan-African used-car retailer backed by Stellantis, has promoted Pierre Jégou to Chief Operating Officer (COO), reinforcing its executive leadership as the company strengthens operations across Africa. Jégou will […] The post AUTO24.africa Appoints Pierre Jégou as Chief Operating Officer to Strengthen African Operations appeared first on Tech In Africa.

Banking regulators in the United States and Europe are intensifying scrutiny of artificial intelligence risks, questioning lenders about autonomous AI agents, foreign-developed models, and their ability to recover from cyberattacks as advances in frontier AI raise concerns about the resilience of financial systems. The regulatory push, details of which were reported by Reuters for the […] The post Banking Regulators Intensify AI Risk Checks as Cyberattacks Threaten Financial Stability appeared first on Tekedia.

Visa has secured approval from the People’s Bank of China (PBOC) to establish a bank card clearing business in mainland China, marking a significant step in the US payments giant’s long-running effort to enter a market dominated by domestic operators and tightly regulated financial infrastructure. The approval, announced by Visa on Tuesday, comes as US […] The post Visa Wins Approval to Enter China’s Domestic Payments Market as Beijing Signals Openness to US Firms appeared first on Tekedia.

Character.AI has filed for Chapter 11 bankruptcy protection in the United States and agreed to sell some of its assets to Walt Disney for $20 million, placing the future of the artificial intelligence platform in the hands of a court-supervised sale process. The filing marks a critical juncture for the company, which operates a platform […] The post Character.AI Files for Bankruptcy, Agrees to Sell Assets to Disney for $20 Million appeared first on Tekedia.