Adidas opposes Black Lives Matter’s three-stripe design

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

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

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

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

Nestle investigates banking relationships after Credit Suisse collapse

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

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

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

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

China’s Baidu reveals more features of its AI-powered chatbot Ernie

BEIJING, March 27 (Reuters) – Chinese search engine Baidu ( 9888.HK ) on Monday shared pre-recorded videos of its artificial intelligence chatbot Ernie, which summarizes financial statements and produces PowerPoint presentations, among other industry-specific features. According to images shared by a Baidu spokesperson for WeChat’s media group on China’s most-used messaging service, the Chinese chatbot … Read more

The biggest strike in decades brings Germany to a standstill

BERLIN/FRANKFURT, March 27 (Reuters) – Airports and bus and train stations across Germany were at a standstill on Monday morning, disrupting millions at the start of the working week in one of the biggest walkouts in Europe’s biggest economy in decades. inflation. The 24-hour strikes organized by the Verdi union and the rail and transport … Read more

Jack Ma, the founder of Alibaba, returns to China and ends his year-long trip abroad -SCMP

BEIJING, March 27 (Reuters) – Alibaba ( 9988.HK ) founder Jack Ma has returned to China, the South China Morning Post (SCMP) reported on Monday, ending a stay abroad of more than a year that the industry saw as reflective. The subdued mood of China’s private companies. Ma, one of China’s best-known entrepreneurs, left mainland … Read more