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Biden goes west for his second vacation of the month
Biden goes west for his second vacation of the month
President Joe Biden and first lady Jill Biden are heading west on Friday for more rest and relaxation
2023-08-19 04:20
Prince Harry, Meghan pursued by photographers in cars in New York, spokesperson says
Prince Harry, Meghan pursued by photographers in cars in New York, spokesperson says
A spokesperson for Prince Harry and his wife Meghan says the couple were followed by photographers in cars in New York
2023-05-17 23:18
Who is Sidonie Nargeolet? Daughter of Titanic explorer Paul-Henri Nargeolet says ‘he’s where he really loved being’
Who is Sidonie Nargeolet? Daughter of Titanic explorer Paul-Henri Nargeolet says ‘he’s where he really loved being’
French explorer Paul-Henri Nargeolet, 77, was one of the five men on board the Titan, which did not survive after a 'catastrophic implosion'
2023-06-23 18:53
Five former Memphis police officers indicted over Tyre Nichols death -filing
Five former Memphis police officers indicted over Tyre Nichols death -filing
WASHINGTON The U.S. Justice Department indicted five former Memphis police officers on Tuesday over the death of Tyre
2023-09-13 02:51
Republican lawmaker says Chinese hackers breached his emails
Republican lawmaker says Chinese hackers breached his emails
Suspected Chinese hackers breached the personal and campaign email accounts of a Republican congressman who has been critical of the Chinese government, the lawmaker said in a social media post on Monday.
2023-08-16 00:52
French national police chief says officers under investigation 'have no place in prison'
French national police chief says officers under investigation 'have no place in prison'
France’s national police chief has said that law enforcement officers under investigation shouldn’t be jailed like ordinary citizens amid a walkout by numerous Marseille police over the detention of a colleague for his actions during nationwide riots
2023-07-24 21:56
Typhoon Doksuri Rapidly Intensifies, May Hit Philippine Land
Typhoon Doksuri Rapidly Intensifies, May Hit Philippine Land
Typhoon Doksuri has rapidly intensified and may become a super typhoon as it threatens to hit land north
2023-07-24 09:57
Why are actors making movies during the strike? What to know about SAG-AFTRA's 'interim agreements'
Why are actors making movies during the strike? What to know about SAG-AFTRA's 'interim agreements'
The actors and writers strikes have resulted in most Hollywood film and television productions being shut down, from the “Gladiator” sequel to the live action “Lilo & Stitch."
2023-08-16 07:45
Johnny Depp featured in trailer for 2023 Karlovy Vary film festival during opening ceremony
Johnny Depp featured in trailer for 2023 Karlovy Vary film festival during opening ceremony
In the trailer, Johnny Depp is seen with a guitar case in hand, as he enters the Hotel Gellert in Budapest
2023-07-02 05:54
Adidas is still figuring out what to do with $1.3 billion worth of unsold Yeezys
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
Zimbabwe election disinformation spreads on WhatsApp
Zimbabwe election disinformation spreads on WhatsApp
From doctored photos making small crowds big to posts praising government accomplishments that never were, WhatsApp has become the channel of choice for disinformation in...
2023-08-03 14:54
Storm brings down trees in Milan as fire closes Sicily airport
Storm brings down trees in Milan as fire closes Sicily airport
Violent storms have hit northern Italy, causing the death of teenage scout on a camping trip, while wildfires in Sicily forced Palermo...
2023-07-25 16:15