Analysis-Argentine IMF concessions risk further fueling red hot inflation
By Lucinda Elliott, Anna-Catherine Brigida and Rodrigo Campos BUENOS AIRES Argentina's last-ditch effort to secure International Monetary Fund
2023-07-25 22:54
AP PHOTOS: Unrest grips Israel as the parliament adopts a law weakening the Supreme Court
TEL AVIV, Israel (AP) — The Israeli government’s adoption of the first part of a controversial judicial overhaul on Monday unleashed turbulence in the streets of Israel and in the halls of the Knesset.
2023-07-25 22:46
Barbenheimer could be the one-two movie punch that blasts away the superhero smash
Not only did the one-two punch of Barbie and Oppenheimer, crowned by America as "Barbenheimer," leave audiences enraptured this past weekend, but the double feature's opening box office performance could have seriously challenged the movie might of superhero blockbusters.
2023-07-25 21:55
Morgan Stanley cuts Israel sovereign credit to "dislike stance" after judiciary changes
By Marc Jones LONDON (Reuters) -Morgan Stanley cut Israel sovereign credit to a "dislike stance" on Tuesday after the country's
2023-07-25 21:46
Elon Musk’s ‘X’ already trademarked by Mark Zuckerberg’s Meta for ‘social networking services’
Elon Musk may face legal difficulties after rebranding Twitter to X, trademark experts have warned, with tech rivals Meta and Microsoft both owning intellectual property rights for the letter. The tech billionaire renamed the social network on Monday, nine months after taking over the company in a $44 billion deal. The name change forms part of his plan to turn the platform into an “everything app”, which will offer services akin to China’s WeChat and India’s PayTM. X chief executive Linda Yaccarino said the company wanted to “transform the global town square” to integrate payments, banking and create a “global marketplace for ideas, goods, services, and opportunities”. Before achieving this goal, however, IP lawyers claim Mr Musk’s firm may face challenges from its competitors. “There’s a 100 per cent chance that Twitter is going to get sued over this by somebody,” US trademark lawyer Josh Gerben told Reuters, noting that there are nearly 900 active US trademark registrations that already cover the letter X. These include Mark Zuckerberg’s Meta, which owns a federal trademark for a blue-and-white letter ‘X’ relating to “social networking services in the fields of entertainment, gaming and application development”. Microsoft also has registered trademarks for the letter ‘X’ relating to its Xbox video game console. Neither company responded to a request for comment. Mr Musk first owned the X.com domain in 1999, when he founded a financial services company that later went on to become PayPal. He reacquired the domain in 2017 after making a deal with his former company, before tweeting in October 2022 that buying Twitter was “an accelerant to creating X, the everything app”. It is not clear whether Mr Musk has applied for a trademark for X, but if he succeeds he may still face difficulties in protecting the registered rights against other brands using the letter. “The very essence of trade mark registration is obtaining an exclusive right to the brand that is registered,” Matthew Harris, a trademark lawyer with Pinsent Masons, told The Independent. “It may be difficult to obtain for Elon Musk under the ‘X’ rebrand, not to mention the difficulty, should he obtain registered protection, in trying to enforce any registered rights in ‘X’ against other brands using a similar name.” Read More What is Elon Musk’s ‘everything app’ X? Twitter to X: Why Elon Musk rebranded the social networking platform Twitter rebrands to X as Elon Musk loses iconic bird logo What is Elon Musk’s ‘everything app’ X?
2023-07-25 20:56
Twitter's rebrand is the next stage in Elon Musk's vision for the company. But does anyone want it?
Elon Musk's move over the weekend to rebrand Twitter and replace its iconic bird logo with an X is just the latest step in his effort to make over the billionaire's longtime favorite platform in his image.
2023-07-25 20:26
The stock market is dominated by just a handful of companies. The Biden administration is worried
Just seven stocks -- Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta Platforms -- make up close to $11 trillion in market value and contributed about 75% of returns of the S&P 500 in the first half of 2023, according to a recent Bank of America report.
2023-07-25 19:57
China names Pan Gongsheng to lead central bank, succeeding Yi Gang
China's ceremonial legislation has endorsed the promotion of Pan Gongsheng to serve as central bank governor
2023-07-25 19:54
China removes outspoken foreign minister Qin Gang and replaces him with his predecessor, Wang Yi
China has removed outspoken foreign minister Qin Gang from office and replaced him with his predecessor, Wang Yi
2023-07-25 19:46
China Names Pan Gongsheng as New Central Bank Governor to Revive Economy
China named Pan Gongsheng as governor of the central bank, strengthening his position as head of the institution
2023-07-25 19:23
No happy dance in the cards as Fed ponders resilient US economy
By Howard Schneider WASHINGTON With the Federal Reserve steaming toward another interest rate hike this week, policymakers face
2023-07-25 18:27
Exclusive-US senators seek salary information from Fed's inspector general
By David Morgan and Costas Pitas WASHINGTON Republican Senator Rick Scott and Democrat Elizabeth Warren have asked for
2023-07-25 18:24