CMPNY

Adidas opposes Black Lives Matter’s three-stripe design

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March 29 (Reuters) – Sportswear maker Adidas AG ( ADSGn.DE ) reversed course on Wednesday, 48 hours after asking the U.S. Trademark Office to reject a Black Lives Matter application for a trademark featuring three parallel stripes. “Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation’s trademark application as soon as … Read more

JPMorgan’s Jamie Dimon to Be Deposed in Epstein Case, Plaintiffs’ Lawyer Says

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March 28 (Reuters) – JPMorgan Chase & Co ( JPM.N ) Chief Executive Officer Jamie Dimon will be questioned under oath over the bank’s relationship with Jeffrey Epstein, the late sex offender and former client, a lawyer involved in the trial said. Tuesday. The settlement is expected in early May, according to Brad Edwards, a … Read more

Electric car startup Lucid is cutting around 18 percent of its workforce

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March 28 (Reuters) – Electric vehicle maker Lucid Group Inc ( LCID.O ) said on Tuesday it would lay off about 18 percent of its workforce, or about 1,300 workers, to cut costs as part of a restructuring plan. The maker of Air’s luxury sedan predicted last month that 2023 production would fall well short … Read more

Alibaba breaks up empire into six units, seeks IPO

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March 28 (Reuters) – Alibaba Group ( 9988.HK ) plans to split its business into six main units spanning e-commerce to the cloud in the biggest restructuring in its 24-year history, five of which it said are exploring fundraising or public offerings. . The six units are Cloud Intelligence Group, Taobao Tmall Commerce Group, Local … Read more

US regulator to sue leading crypto exchange Binance CEO for ‘deliberate circumvention’

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The CFTC accuses Binance of “intentionally circumventing” federal law. Binance’s compliance was “ineffective” under CEO – CFTC The CFTC is referring to a practice reported by Reuters last year March 27 (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) on Monday sued the world’s largest cryptocurrency exchange Binance and its CEO and founder Changpeng … Read more

Nestle investigates banking relationships after Credit Suisse collapse

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ZURICH, March 28 (Reuters) – Nestle ( NESN.S ) is reviewing its banking relationships following UBS’s ( UBSG.S ) planned takeover of Credit Suisse ( CSGN.S ), the food group’s Chief Executive Mark Schneider said on Tuesday. The world’s largest food group was a client of Credit Suisse, Schneider told TeleZuer in an interview aired … Read more

Zelensky accuses Russia of being a “hostage” of the Zaporizhzhia nuclear power plant

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Zelensky condemns “radiation blackmail” Ukraine closes the frontline city of Avdiivka to civilians Zelensky will visit the Southeastern Zaporizhzhia region Minsk defends decision to host Russian nuclear weapons KIIV, March 28 (Reuters) – Ukraine’s president said Russian forces were holding the Zaporizhzhia nuclear power plant “hostage” and its safety could not be guaranteed until they … Read more

St. Louis joins other U.S. cities in suing Hyundai and Kia over car theft

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WASHINGTON, March 27 (Reuters) – The city of St. Louis, Missouri, said on Monday it is joining several major U.S. cities in suing Korean automakers Hyundai Motor ( 005380.KS ) and Kia Corp ( 000270.KS ). they fail to install anti-theft technology in millions of their vehicles. The lawsuit, filed in the U.S. District Court … Read more

German Leopard 2 tanks have reached Ukraine

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BERLIN, March 27 (Reuters) – 18 German Leopard 2 tanks, which Germany promised to support Ukraine in its war against Russia, have arrived in Ukraine, the German Defense Ministry said on Monday. Germany agreed in January to supply the tanks, considered among the best in the West’s arsenal, to overcome doubts about sending heavy weapons … Read more

Ukraine plans response as battle moves to ‘post-apocalyptic’ Avdiivka

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NATO criticizes Putin for dangerous and irresponsible rhetoric The EU urges Belarus not to receive Russian nuclear weapons Avdiivka is becoming “post-apocalyptic”, the city is closing down official Russia downed Ukrainian drone south of Moscow, three injured Ministry KIIV, March 27 (Reuters) – The commander of Ukraine’s ground forces said on Monday that Kiev is … Read more