Asia Stocks Set for Mixed Open; US Futures Muted: Markets Wrap
Asian equities look set for mixed start Wednesday while US contracts posted muted gains after leaders in Washington
2023-05-17 07:48
Aiden Aslin: Newark ex-soldier captured by Russia set for Ukraine return
Aiden Aslin says he will be moving back to the country with his fiancée "pretty shortly".
2023-07-29 20:25
A mother's lawsuit says police stood by for 13 minutes as her 30-year-old son drowned in the Tennessee River
A mother is suing the city of Knoxville, Tennessee, the city's police chief and four officers, alleging police stood by for 13 minutes as her 30-year-old son drowned in a river last year.
2023-07-31 12:59
Biden sees hopeful signs for his reelection in Democrats' 2023 wins. Others in his party are worried
President Joe Biden's team is raising the Democratic sweep of this month's key elections as proof that he's in good position to win a second term
2023-11-13 13:57
Asia stocks dip as China woes overshadow US optimism
By Tom Westbrook SYDNEY Asia's stock markets were mixed on Wednesday with growth concerns dragging on China's equities
2023-07-19 13:52
Logan Paul could fight these superstars after WWE Money in the bank
Logan Paul's WWE return includes entering the Money in the Bank ladder match with possible feuds against many stars
2023-06-30 19:21
Trump's physician says he is in 'excellent health,' has lost weight
WASHINGTON Donald Trump's physician wrote in a note released on Monday that the former president is in "excellent
2023-11-21 06:28
Fans gush over Twitch star Pokimane's AI-generated 'yearbook' pictures: 'All look so good'
Pokimane said, 'What if someday we have streamers that evolve from ChatGPT, it's very powerful and it's kind of freaky'
2023-10-01 16:26
Iraq urges countries to repatriate their citizens from camp housing families of extremist IS group
Iraq is urging countries that have citizens in a sprawling camp in northeast Syria housing tens of thousands of mostly women and children linked to the Islamic State group to repatriate their nationals
2023-06-12 23:22
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
Wave of migrants that halted trains in Mexico started with migrant smuggling industry in Darien Gap
Thousands of migrants riding atop railway cars in Mexico this week or waiting in mile-long lines by the tracks to hitch a ride to the U.S. have triggered the closure of one U.S. border crossing and forced Mexico’s largest railroad to suspend dozens of freight trains
2023-09-21 12:29
Watch live as Joe Biden meets King Charles at Windsor Castle
Watch live as Joe Biden meets with King Charles III at Windsor Castle. The US president arrived in London on Sunday evening and hailed the “rock-solid” relationship between America and the UK as he met Rishi Sunak in Downing Street earlier today. He praised the closeness of ties between the two countries as he and the prime minister held talks in the garden of No 10. Mr Biden is expected to sit down for tea with the King to discuss the climate crisis following his meeting with Mr Sunak. Though it is not a full-blown state visit, the president will be treated to a display of pageantry at Windsor Castle. He will receive a royal salute and hear the US national anthem courtesy of the Welsh Guards, before having tea with Charles. They will also meet attendees of a climate finance mobilisation forum, where finance and philanthropic leaders will have discussed the support they can offer to poorer nations. Read More Biden hails ‘rock-solid’ US-UK relationship at Downing Street talks with Sunak Biden shakes hands with Sunak outside No 10 ahead of talks on Ukraine Ukraine and Nato on the agenda as Biden meets Sunak at No 10
2023-07-10 19:47
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