Nike misses quarterly sales estimates as demand tapers

Nike missed Wall Street estimates for first-quarter sales on Thursday, fanning fears that demand for its sneakers is

2023-09-29 04:28

No more oil, gas and coal. Two nation-states join growing bloc of countries calling for a Fossil Fuel Non-Proliferation Treaty

NEW YORK--(BUSINESS WIRE)--Sep 23, 2023--

2023-09-24 08:29

H&M sues fast fashion retailer Shein for copyright infringement

H&M has filed a lawsuit against infamous fast fashion retailer Shein for copyright infringement, according to court documents filed in Hong Kong. Hennes & Mauritz, the Swedish fashion brand more commonly known as H&M, has accused Zoetop Business Co – the Hong Kong-based entity that previously owned Shein – as well as Shein Group Ltd of copying its designs in the new lawsuit. H&M is seeking unspecified damages and an injunction to stop Shein from infringing on its copyright and trademarks. According to Bloomberg, the filing included photos of dozens of items – such as swimwear and sweaters – that H&M claimed was evidence Shein had stolen its designs. In a statement, an H&M spokesperson confirmed to Bloomberg it filed a lawsuit against Shein in Hong Kong, claiming the fast-fashion competitor “in multiple cases has infringed on our designs”. The next hearing is slated to take place July 31. More follows… Read More Fast fashion retailer Shein accused of racketeering and copyright infringement in lawsuit Chinese e-retailer Temu files lawsuit in US against rival Shein, alleging antitrust violations Italian designer launches scathing attack on Shein over ‘stolen ideas’: ‘Maybe I am the fool’

2023-07-26 00:55

Western Global Founder Buys Debt in Bid to Keep Airline Afloat

Western Global Airlines LLC founder and Chief Executive Officer Jim Neff bought the cargo airline’s deeply distressed secured

2023-06-30 07:22

Infosys Trims Sales Forecast as Firms Curb Spending

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic

2023-10-13 12:57

Biden Presses for China Contact Despite Risks of Losing Leverage

The Biden administration is trying to make it hard for China to say no to engagement by seeking

2023-05-11 10:18

Monsha’at and Leading Saudi Entrepreneurs Take Part in Global Entrepreneurship Congress 2023

RIYADH, Saudi Arabia--(BUSINESS WIRE)--Oct 7, 2023--

2023-10-08 04:57

China revamps debt appraisal framework for Belt and Road programme

By Joe Cash BEIJING China adjusted its framework for weighing debt sustainability of countries in its Belt and

2023-10-20 19:23

Morgan Stanley, Rothschild Join Finance Elite in Abu Dhabi Push

Rothschild & Co. and Morgan Stanley are among global investment banks opening up in Abu Dhabi as the

2023-11-30 16:26

Corporate, global leaders peer into a future expected to be reshaped by AI, for better or worse

As President Joe Biden and other global leaders spent the past few days melding minds with Silicon Valley titans in San Francisco, their discussions frequently focused on artificial intelligence, a technology expected to reshape the world, for better or worse

2023-11-17 07:57

Ault Alliance Announces TurnOnGreen Initiates a Grant Funded Multi-Family Dwelling Electric Vehicle Charging Project

LAS VEGAS--(BUSINESS WIRE)--Jun 27, 2023--

2023-06-27 18:49

Purdue Pharma bankruptcy can proceed despite potential US Supreme Court appeal

By Dietrich Knauth NEW YORK OxyContin maker Purdue Pharma may proceed with a bankruptcy settlement that protects its

2023-07-26 05:54