Author: News Room

Photo by Tim Stevens for The Verge Lucid, the EV startup behind the Air sedan that competes with the Tesla Model S, has announced that it’s laying off around 1,300 employees, or 18 percent of its workforce, within the next few months. According to an email from CEO Peter Rawlinson, which was attached to a regulatory filing, the cuts will affect employees and contractors “in nearly every organization and level, including executives.” Rawlinson says employees will… Read the full article here

A US judge has dealt a blow to Apollo Global Management, Angelo Gordon and other big creditors in the bankruptcy of mattress maker Serta Simmons Bedding, in a ruling that could settle a fierce dispute on Wall Street. Federal bankruptcy judge David Jones in Houston dismissed arguments by Apollo and Angelo Gordon that they had been unfairly frozen out of a controversial $875mn loan refinancing Serta Simmons executed in 2020. The slim majority of lenders that participated in the deal… Read the full article here

The North Korean cybercrime operator APT43 is using cloud computing to launder cryptocurrency, a report from cybersecurity service Mandiant has found. According to the researchers, the North Korean group uses “stolen crypto to mine for clean crypto.”Mandiant, a Google subsidiary, has been tracking the North Korean Advanced Persistent Threat (APT) group since 2018 but has only now “graduated” the group to an independent identity. Mandiant characterized the group as a “major… Read the full article here

As long as you love them! The Backstreet Boys have been tugging on fans’ heartstrings with their love songs since the ’90s, but the band members’ real-life romances have been just as sweet. Nick Carter married fitness trainer Lauren Kitt in April 2014 after six years of dating. The pair went on to welcome son Odin in 2016 and daughters Saoirse and Pearl in 2019 and 2021, respectively. Kitt opened up to Us Weekly in June 2021 about how parenthood brought her and… Read the full article here

About 17.9 million around the world died in 2019 from cardiovascular disease, with 85% of those deaths attributed to stroke and heart attack. While non-modifiable factors such as family history can affect a person’s risk of developing heart conditions. There are also modifiable risk factors, including smoking, hypertension, high cholesterol, and obesity.Researchers from the University of Copenhagen in Denmark have found people without known cardiovascular disease that have undetected… Read the full article here

President Muhammadu Buhari met behind closed doors with Chief Whip of the Senate, Orji Uzor Kalu, at the Presidential Villa, Abuja, on Tuesday. Speaking to State House correspondents after the meeting, Mr Kalu revealed that he officially informed the president of his intention to run for the position of Senate President. According to him, if the position is zoned to the South-east by the leadership of the All Progressives Congress (APC) it will stimulate peace in the country. Mr… Read the full article here

The Federal Government has commended the National Youth Service Corps, NYSC, for its contribution in diverse areas to the overall development of the country, noting that its existence has been a strong tool for socio-economic development and national unity in its 50 years of existence. The Minister for Youth and Sports Development, Mr Sunday Dare stated this on Tuesday in Abuja in his address at the opening ceremony of the 2023 NYSC Annual Management Conference, themed, “Optimising the… Read the full article here

The National Chairman of the Labour Party, Julius Abure, on Tuesday, stated that no newly elected National Assembly members under the party would defect to other parties. Speaking in Abuja after meeting with members of the National Assembly-elect, the chairman noted that the party would make a difference in deepening the nation’s democracy. ‘ ‘The federal lawmakers-elect are men of integrity, and none will jump ship in the 10th National Assembly,” he declared. The Labour Party… Read the full article here

Controversial Nigerian singer, Azeez Adeshina Fashola, popularly called Naira Marley, has distanced himself from the world’s deadliest terrorist group, Islamic State of Iraq and Syria, ISIS. The ‘I Am A Yahoo Boy’ crooner said though he is a Muslim, Islamic State does not represent him or his religion. Naira Marley who is currently observing Ramadan tweeted on Tuesday: “I am a Muslim but ISIS does not represent me or my religion.” The singer once influenced a cult-like movement… Read the full article here

Nigeria’s U-23 Eagles were defeated 2-0 by Guinea in the final qualifier for this year’s U-23 Africa Cup of Nations in Morocco. Second-half goals from Algassime Bah and Alseny Soumah sealed the qualification in Rabat, Morocco. Guinea booked their spot on Tuesday after they had recorded a 0-0 draw in the first leg in Abuja. This result means the Eagles will not play at the 2024 Paris Olympic Games. The team has also failed to qualify for the 2020 Olympics in Tokyo after failing to go… Read the full article here