A U.S. Court of Appeals for the Federal Circuit revived $82.2 million of a $104.6 million verdict that Versata Software won against Ford for breaching a licensing contract and misappropriating trade secrets, reinstating jury damages from 2022 and sending the case back for a new trial on trade-secret theft damages.
2 hours ago · Joy Online →
Shareholders of Activision Blizzard reached a $250 million settlement over allegations that the company's former executives and Microsoft shortchanged them during Microsoft's $75.4 billion acquisition in 2023. Microsoft will fund 40% of the settlement, with the remainder covered by directors' and officers' liability insurance.
2 hours ago · Joy Online →
Google has appealed a federal judge's 2024 ruling that found the company held illegal monopolies in online search and related advertising, arguing the judge made legal errors and that its market dominance resulted from developing a superior search engine rather than anticompetitive conduct. The ruling had ordered Google to share some search data with competitors to restore competition.
3 hours ago · Joy Online →
Standard Chartered CEO Bill Winters apologised on Friday for upset caused by his remarks about artificial intelligence replacing "lower value" human workers, but did not retract the comments. The bank is cutting nearly 8,000 jobs as it adopts AI technology, with about 15% of back-office support roles affected.
3 hours ago · Joy Online →
SpaceX's xAI startup, which promises to capture a portion of a multi-trillion-dollar AI market, has seen its Grok chatbot flop with U.S. government customers. Federal inventory records show only three instances of xAI or Grok use among over 400 publicly identified government AI deployments, compared to 234 involving OpenAI's models, 33 involving Alphabet products, and 26 involving Anthropic's Claude.
3 hours ago · Joy Online →
7 Eleven Energy Service has commissioned a manufacturing facility in Aboadze to produce industrial bolts, nuts, and advanced coated products for petroleum, mining, construction, energy and infrastructure sectors. The facility is intended to reduce import reliance, create skilled jobs, and strengthen indigenous manufacturing capacity.
3 hours ago · The Chronicle →
The Somanya-Kpong road in the Eastern Region's Yilo Krobo and Lower Manya Krobo municipalities has begun bituminous surfacing works as of May 22, 2026, following years of deterioration and public complaints. The reconstruction project, which started from Somanya Roundabout, involves primer seal application followed by asphalt laying to address the road's poor condition and improve durability.
3 hours ago · The Chronicle →
Vice President Naana Jane Opoku-Agyemang commissioned 100 newly acquired 29-seater buses for Metro Mass Transit Limited, the first batch of a planned 300-bus procurement programme. The initiative aims to improve public transportation, support night operations, assist shift workers, and enhance mobility, with route planning to be informed by commuter demand data.
3 hours ago · The Chronicle →
The Financial Stability Council has intensified reforms aimed at reducing risks and strengthening Ghana's financial sector through increased regulatory cooperation, technical team training, and new monitoring systems for virtual assets. The FSC is also preparing for Ghana's third Mutual Evaluation by GIABA to strengthen financial security measures against money laundering and terrorism financing.
3 hours ago · The Chronicle →
The Bank of Ghana Governor said significant operating and OCI losses in 2025 will not recur at the same scale in 2026, citing changed conditions including expected lower cedi revaluation losses and reduced open market operation costs as inflation moderates.
3 hours ago · The Chronicle →
Enterprise Insurance paid more than GHȼ280 million in claims to policyholders across Ghana in 2025, supporting thousands of individuals, families, and businesses. The company holds an AAA credit rating from GCR Ratings and has expanded its Same Day Motor Claims Service, with over 2,000 customers benefiting from same-day settlements worth more than GHȼ2 million by end of 2025.
2 hours ago · Business & Financial Times →
Fitch Ratings upgraded United Bank for Africa Ghana's Long-Term Issuer Default Rating to 'B' from 'B-' with a Positive Outlook, and its Viability Rating to 'B' from 'B-', citing improved asset quality, profitability, and capital strength. The upgrade reflects improvements in Ghana's sovereign rating and the bank's strong financial metrics, including an NPL ratio of 2.1% at end-2025 and a Total Capital Adequacy Ratio of 22.7% in Q1 2026.
3 hours ago · Business & Financial Times →
Millennium Marathon has announced a Corporate Wellness Index to rank companies based on their employee wellness programmes, with the initiative aimed at demonstrating the link between employee wellness and workplace productivity. The index was unveiled at the Millennium Marathon Corporate Wellness Forum in Accra, which will become an annual event to strengthen dialogue around employee health, fitness and mental wellness.
4 hours ago · Business & Financial Times →
The HR Certification Centre has recognised Portia Napaaba for her work advancing human resource management across mining, manufacturing, and energy sectors, and for her community engagement in youth empowerment and career mentorship.
5 hours ago · Business & Financial Times →