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Telegram calls Brazil disinformation law 'attack on democracy'
Telegram calls Brazil disinformation law 'attack on democracy'
Messaging app Telegram warned Tuesday that "democracy is under attack in Brazil," the latest salvo by tech companies opposed to a bill...
2023-05-10 05:47
24 Last-Minute Mother’s Day Gifts Because It’s Literally This Sunday
24 Last-Minute Mother’s Day Gifts Because It’s Literally This Sunday
When it comes to the art of gift-giving, one thing is for sure: Procrastinators gonna procrastinate. But no matter who it’s for, or how big or small of a budget you’re working with, a last-minute Mother’s Day gift can still be just as thoughtful if you know where to look. So for those of you who have yet to purchase your present this year, we’re here to help with the best last-minute Mother's Day gifts of 2023.
2023-05-10 05:21
Airbnb sees record bookings despite recession fears
Airbnb sees record bookings despite recession fears
Airbnb on Tuesday reported strong revenue growth and a new record for bookings during the first three months of the year, in a sign that demand for travel remains strong despite lingering recession fears.
2023-05-10 05:21
MLB, players finalize collective bargaining deal through '26
MLB, players finalize collective bargaining deal through '26
Major League Baseball and the players’ association finalized their collective bargaining agreement through the 2026 season, 14 months after reaching a memorandum of understanding for a deal that ended a 99-day lockout
2023-05-10 04:57
Airbnb forecasts slower bookings in Q2, shares fall
Airbnb forecasts slower bookings in Q2, shares fall
(Reuters) -Airbnb Inc said on Tuesday it expects bookings growth and average daily rates to decline in the current quarter,
2023-05-10 04:18
These Year-Round Boots Are 20% Off For R29 Readers
These Year-Round Boots Are 20% Off For R29 Readers
Super Sale Alert: Get 20% off sitewide at Rakoh with our promo code RAKOHxR29, now through May 13.
2023-05-10 03:58
EU draft rules propose tougher cybersecurity labelling rules for Amazon, Google, Microsoft
EU draft rules propose tougher cybersecurity labelling rules for Amazon, Google, Microsoft
By Foo Yun Chee BRUSSELS Amazon, Alphabet's Google, Microsoft and other non-European Union cloud service providers looking to
2023-05-10 03:54
US woman who wrote book on grief charged with killing husband
US woman who wrote book on grief charged with killing husband
A US woman who wrote a book on dealing with grief after the death of her husband has been...
2023-05-10 03:28
Boeing confident it will fulfill huge Ryanair order
Boeing confident it will fulfill huge Ryanair order
Boeing's CEO is "confident" the company will fulfil Ryanair's giant 737 MAX-10 order announced Tuesday despite lingering supply chain and regulatory questions, a view...
2023-05-10 02:57
Radio-Canada, CBC returning to Twitter
Radio-Canada, CBC returning to Twitter
Canada's public broadcaster CBC and its French-language arm Radio-Canada said Tuesday that they were returning to Twitter after the social media site...
2023-05-10 02:56
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 02:28
Ecuador seals record debt-for-nature swap with Galapagos bond
Ecuador seals record debt-for-nature swap with Galapagos bond
By Marc Jones and Rodrigo Campos LONDON/NEW YORK Ecuador sealed the world's largest 'debt-for-nature' swap on record on
2023-05-10 01:56
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