In polarized Turkey, not even an earthquake can shake deep ideological divisions
Bedi Değirmenci has taken his first breaths of fresh air since a monster earthquake struck southeast Turkey three months ago. First trapped under rubble, then hospitalized, he has been discharged just ahead of the country's historic elections.
2023-05-12 12:52
GOP boycott in Oregon threatens abortion, transgender bills and protesters' own political careers
A boycott by Republican state senators in Oregon threatens to derail dozens of bills, including on gun control and abortion rights, as a deadline looms that could also upend the protesters’ political futures
2023-05-12 12:29
Youth climate lawsuit attorneys say Montana tried to scuttle trial by dropping energy policy
Attorneys for a group of youths suing Montana over damages caused by climate change say officials repealed the state’s energy policy to avoid an upcoming trial
2023-05-12 12:27
Pakistan authorities gear for Imran Khan's supporters at his court hearing
ISLAMABAD Pakistan police imposed an emergency order banning gatherings as supporters of Imran Khan were expected to march
2023-05-12 12:27
Nevada considers $190 million in annual tax credits to bring Sony, film industry to Las Vegas
A bipartisan group of Nevada lawmakers has introduced a bill that would give massive tax credits to expand film production in southern Nevada
2023-05-12 12:22
Kerala boat accident: 'I lost 11 members of my family'
Kunnummal Saithalavi and his brothers lost their wives and children in a boat accident that killed 22.
2023-05-12 12:21
Man who fatally choked another NYC subway rider to surrender on manslaughter charge
A man who kept a chokehold around the neck of an agitated fellow passenger on a New York City subway, leading to the other rider’s death, is expected to turn himself in to authorities on a manslaughter charge
2023-05-12 12:17
Rights group sues over Biden rule curbing asylum at U.S.-Mexico border
By Ted Hesson WASHINGTON Immigration advocates represented by the American Civil Liberties Union (ACLU) filed a legal challenge
2023-05-12 12:15
China Regulator Steps Up Probes of Bond Underwriting Practices
China’s credit markets are closing out the week trying to digest the implications of new probes that a
2023-05-12 11:59
Export-Import Bank Defies Biden Climate Vow With Indonesian Oil Refinery Loan
US Export-Import Bank leaders voted Thursday to lend $99.7 million to expand an oil refinery in Indonesia, bucking
2023-05-12 11:51
Adidas to sell Yeezy shoes and donate proceeds months after Kanye West split
After months wrestling over the fate of milions of unsold Yeezy shoes, Adidas has decided to sell a portion of its remaining inventory and donate the proceeds to chartitable organizations, CEO of the German sportbrand Bjørn Gulden said Thursday. Adidas cut ties with Ye, the rapper formerly known as Kanye West, in late October, following his antisemitic comments on social media and in interviews. As a result, the fate of 1.2 billion euros ($1.3 billion) worth of the unsold Yeezys, a lucrative sneaker line launched with Ye, was unknown. At Adidas' annual shareholders meeting, Gulden said the company had spent months trying to find solutions. The CEO also added that Adidas spoke to NGOs and organizations that were harmed by Ye's comments and actions. “Burning those shoes cannot be the solution,” Gulden said, noting that Adidas was going to try to sell part of the remaining Yeezy inventory and “donate money to the organizations that help us and were harmed by what Ye said.” Exact details of this plan — including how many shoes will be sold and the timeline of selling them — remain unknown. Gulden said the company will provide updates as they moves forward. The move comes as Adidas is trying to stage a comeback and move beyond the Yeezy partnership. Cutting ties with Ye has cost Adidas hundreds of millions of dollars — with the company taking a loss of 600 million euros ($655 million) in sales for the last three months of 2022, helping drive the company to a quarterly net loss of 513 million euros. Adidas reported 400 million euros ($441 million) in lost sales at the start of 2023, the company announced last week. Net sales declined 1% in the first quarter, to 5.27 billion euros, and would have risen 9% with the Yeezy line, the company said. It reported a net loss of 24 million euros, a plunge from a profit of 310 million euros in the same period a year ago. Operating profit, which excludes some items like taxes, was down to 60 million euros from 437 million euros a year earlier. Meanwhile, Adidas is also facing a class-action lawsuit from investors who allege the company knew about offensive remarks and harmful behavior from Ye, years before terminating its pact with him. Adidas has pushed back on the allegations made in the lawsuit. Still, Gulden reminded investors that the nine-year partnership Adidas and Ye was “sensational." While he noted that Ye is a difficult person, “he's the most creative person in our industry,” Gulden said. “He created a model with Adidas that was sought after around the world.” But he added, “We lost that in a month." _________ AP Business Writer David McHugh in Frankfurt, Germany, and AP Retail Writer Anne D'Innocenzio in New York contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Adidas breakup with rapper Ye, lost Yeezy sales hit earnings Putin’s spokesman threatens ‘adequate response’ over UK missile pledge – live Boost for Erdogan rival as struggling candidate quits Turkish election race
2023-05-12 11:49
Philippine court acquits former justice minister of drug charges after key witnesses said they lied
A former Philippine opposition senator and justice minister has been acquitted of drug charges after key witnesses recanted and said they lied about her involvement in trafficking
2023-05-12 11:29