Baltimore police confirm an active shooter situation near Morgan State University
Baltimore police are responding to "an active shooter situation" near the campus of Morgan State University, the department said Tuesday night.
2023-10-04 10:45
Every Gram Counts: SCHOTT Launches Lightweight Microelectronic Packages for Aerospace
RYE BROOK, N.Y.--(BUSINESS WIRE)--Sep 18, 2023--
2023-09-18 20:15
Africa seeking to tap investment on climate action
Kenya's president opened a landmark African climate summit on Monday saying the continent had an "unparalleled opportunity" to benefit from action...
2023-09-04 17:59
Biden Presses for China Contact Despite Risk of Losing Clout
The Biden administration is trying to make it hard for China to say no to engagement by seeking
2023-05-11 16:27
Adidas is still figuring out what to do with $1.3 billion worth of unsold Yeezys
Nearly seven months on from Adidas parting ways with rapper Kanye West, and the sportswear brand reportedly still has $1.3 billion of unsold Yeezy stock in its warehouses. The decision from Adidas to split from West - otherwise known as Ye - came back in October last year came after the 45-year-old made antisemitic remarks both in interviews and online. But now, Adidas has to decide what to do with the remaining stock of the popular shoe as the company attempts to turn its fortune around after it abruptly ended its partnership with West and his Yeezy brand, with 400 million euros ($441 million) in lost sales at the start of the year. Sign up to our free Indy100 weekly newsletter Though Adidas is "getting closer and closer to making a decision" on what to do with the sneakers and the “options are narrowing,” new CEO Bjorn Gulden said, as per Associated Press. He became in charge back in January this year, three months after Adidas terminated it's partnership with Ye. However, a decision has not yet been reached due to "so many interested parties," he added. Gulden did not confirm whether the option to destroy the shoes had been ruled out but noted that this is something it is the company is "trying to avoid." Meanwhile other options have their own downsides, since selling the shoes would mean Ye would need to be paid royalties, removing brand identification would be dishonest. Giving the shoes away for free sounds like a nice idea in theory but this could cause them to be resold at a higher market price. Gulden is also remaining tight-lipped on the exact quantity of stock that is left since he believes if consumer are aware of this number it "could have an impact on demand," as per AP. The CEO admitted losing Yeezy is "of course hurting us" and if Adidas decides not to sell the remaining shoes, it could reduce earnings by 500 million euros this year. Net sales declined 1 per cent in the first quarter, to 5.27 billion euros, and would have risen per cent with the Yeezy line, the company said. As a whole, Gulden described 2023 as a "a year of transition" with "a better ’24 and a good ’25" as the German sportswear business continues without the Yeezy brand. Elsewhere, Adidas found itself being sued by investors last week who allege the company knew about Ye’s offensive remarks and harmful behaviour years before the termination and failed to take precautionary measures to limit financial losses. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-05-10 02:19
Ohio amendment serves as testing ground for statewide abortion fights expected in 2024
A constitutional amendment to protect abortion rights in Ohio will be decided in what is expected to be a preview of abortion battles across the country in 2024
2023-11-02 12:55
Tina Turner once attempted suicide by taking 50 sleeping pills to escape abusive marriage with Ike Turner
'My relationship with Ike was doomed the day he figured out I was going to be his moneymaker,' Tina Turner once said
2023-05-25 09:48
Putin says Wagner chief Prigozhin’s plane blown up by hand grenades on board
Russian president Vladimir Putin said the plane carrying Wagner mercenary chief Yevgeny Prigozhin was blown up from the inside and fragments of hand grenades have been found in the bodies of those killed in the crash. This is the first time Mr Putin commented on the details of the plane crash that killed Prigozhin – the mercenary leader who had challenged his regime and launched a military coup by marching onto Moscow in a dramatic threat to the Kremlin not seen in decades. "Fragments of hand grenades were found in the bodies of those killed in the crash," Mr Putin told a meeting of the Valdai Discussion Club in the Black Sea resort of Sochi, but did not share any details on the type and number of hand grenades that could have been detonated on board. He denied an external influence or targeting of the plane from the outside. "There was no external impact on the plane – this is already an established fact," he said, rejecting assertions by unidentified US officials who said shortly after the crash that they believed it had been shot down. Mr Putin said the head of Russia’s investigative committee had reported to him a few days ago. The private Embraer jet carrying the Wagner leader and the mercenary group’s co-founder along with eight other people crashed north of Moscow on 23 August. All 10 people onboard were reported dead. Mr Putin also suggested that the remains of the passengers, including Prigozhin, should have been tested for alcohol and drugs. He said he thought investigators were wrong to have not carried out these tests on the bodies of those killed in the crash. "In my opinion, such an examination should have been carried out but it was not," he said. The searches of Wagner’s offices in St Petersburg by the FSB found 10bn roubles ($100m) in cash and 5kg (11 pounds) of cocaine, he said. The investigators of the crash have yet to report publicly on the cause. Neither Wagner nor Prigozhin’s family could be reached to comment on Mr Putin’s remarks. Prigozhin had claimed pride in casting Wagner as the world’s most war-hardened fighting force and was known to have carried out Russia’s dirty work in middle-east and Africa. The mercenary fighters waged a brutal battle – dubbed the “meat grinder” – in Bakhmut last year in winter, where they eventually handed Moscow its biggest territorial gain in many months. Just two months before his death, he had accused Mr Putin’s top military brass, defence minister Sergei Shoigu and general staff Valery Gerasimov of incompetence and warned that Russia could lose the war in Ukraine unless it raised its game. The brief mutiny against Russia’s defence establishment posed the biggest challenge to Putin’s rule since the former KGB spy came to power in 1999. According to the leaders in the West, not only did it expose the strains on Russia of the war in Ukraine, it also showed the worsening relations between the Russian president and his long-time stooge. Read More Putin’s ‘punishment battalions’ full of convicts and drunk recruits: ‘They’re just meat’ Wagner succession: Yevgeny Prigozhin’s son ‘set to be next mercenary boss’ Putin orders former Wagner commander to take charge of 'volunteer units' in Ukraine ‘Weak’ Putin killed Wagner mercenary chief Prigozhin, Zelensky says
2023-10-06 13:45
South Korean zoo celebrates birth of first twin pandas
A giant panda at a South Korean zoo has given birth to the country's first twin cubs.
2023-07-12 16:23
Chippenham invites Ukrainians to make art
Chippenham Museum's art project asks Ukrainians to contribute to a larger piece.
2023-10-23 13:47
Who is Michael Eisen? Academic journal editor-in-chief fired for sharing an article about people dying in Gaza
A petition was also floated against Michael Eisen's dismissal from the post
2023-10-25 04:18
Oklahoma death row inmate plans to reject chance for clemency despite maintaining his innocence
An Oklahoma death row inmate scheduled to be executed in September for the 1996 killing of a University of Oklahoma dance student says he plans to reject his chance for a clemency hearing
2023-06-23 14:18
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