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Meta and Facebook logos are seen in this illustration taken February 15, 2022. The ban on such advertising, which targets users by harvesting their data, is a setback for U.S. tech giant Meta Platforms (META.O), the owner of the two social media services, which has opposed efforts to curb the practice. The Norwegian data regulator, Datatilsynet, in September said it had referred the ongoing fine to the European regulator, as its fine was valid in Norway only and due to expire on Nov. 3. Norway is not a member of the EU but is part of the European single market. The decision affects some 250 million Facebook and Instagram users in Europe, Datatilsynet said.

Persons: Dado Ruvic, EDPB, Datatilsynet, Gwladys Fouche, Terje Solsvik, Tomasz Janowski Organizations: Meta, REUTERS, EU, Facebook, European Union, European Economic, European Data Protection, Reuters, Economic, Big Tech, Thomson Locations: Norway, Ireland, Norwegian, Europe

☆ WeWork plans to file for bankruptcy as early as next week, source says
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

[1/3] WeWork logos are seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch Acquire Licensing RightsOct 31 (Reuters) - WeWork (WE.N) plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank Group-backed company struggles with a massive debt pile and hefty losses. Shares of the flexible workspace provider fell 32% in extended trading after the Wall Street Journal first reported the news. New York-based WeWork is considering filing a Chapter 11 petition in New Jersey, the WSJ reported, citing people familiar with the matter. Its major backer, Japanese conglomerate SoftBank, sunk tens of billions to prop up the startup, but the company has continued to lose money.

Persons: Kate Munsch, WeWork, Sandeep Mathrani, Anirban Sen, Manas Mishra, Manya, Shailesh Kuber, Anil D'Silva Organizations: REUTERS, SoftBank, Wall Street Journal, WSJ, Manya Saini, Thomson Locations: San Francisco , California, U.S, New York, New Jersey, Bengaluru

[1/2] Airplane model is placed on displayed Spirit Airlines and jetBlue Airways logos in this illustration taken, June 21, 2022. REUTERS/Dado Ruvic/Illustrations/File Photo Acquire Licensing RightsBOSTON, Oct 31 (Reuters) - The U.S. Department of Justice heads to trial on Tuesday to urge a federal judge to block JetBlue Airways' (JBLU.O) planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines. The trial will take place without a jury over about three weeks before U.S. District Judge William Young. A merger between JetBlue and Spirit, the sixth and seventh largest U.S. carriers, respectively, would mark the first major U.S. airline combination since Alaska Airlines bought Virgin America in 2016. The Justice Department alleges the merger would eliminate the pressure larger airlines, including JetBlue, face to lower their fares in response to competition from Spirit and cost consumers over $2 billion in higher fares annually.

Persons: Dado Ruvic, Joe Biden's, William Young, Young, Biden, Leo Sorokin, Nate Raymond, Alexia Garamfalvi, Nick Zieminski Organizations: Airlines, jetBlue Airways, REUTERS, Rights, U.S . Department of Justice, JetBlue Airways, Spirit Airlines, U.S, JetBlue, Spirit, Alaska Airlines, Virgin America, United Airlines, American Airlines, Delta Air Lines, Justice Department, Department, Democratic, District of Columbia, The, Big, American, Thomson Locations: Boston, U.S, New York City, Newark, Fort Lauderdale

[1/2] A miniature airplane is placed on the displayed Air India Express and Akasa Air logos, in this illustration taken October 30, 2023. Akasa did not comment on its communication with Air India, but said the issue of pilot exits was "now behind us ... we are squarely back in growth mode". Air India declined to comment and the two chief executives did not respond to requests for comment. The dispute comes at the time of a hiring spree by Air India, with its arm, Air India Express, seeking to more than triple its fleet to 170 over five years. In recent weeks, Akasa has lost about a tenth of its 450 pilots, who left without serving out notice periods, some to join Air India Express.

Persons: Dado Ruvic, Campbell Wilson, Vinay Dube, missive Dube, Akasa, Wilson, Dube, India's Wilson, Aditya Kalra, Aditi Shah, Clarence Fernandez Organizations: Air India Express, REUTERS, Tata's, India Express, Air, Akasa, Reuters, Air India, Tata Group, Tata, of Indian Pilots, Thomson Locations: India, DELHI, Air India

☆ Meta introduces ad-free plans for Instagram, Facebook in Europe
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

The logos of Facebook and Instagram and the words "Monthly subscription" are seen in this picture illustration taken January 19, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 30 (Reuters) - Meta Platforms (META.O) said on Monday it will offer users in Europe a subscription plan to use Facebook and Instagram without advertisements to comply with the European Union regulations. The monthly subscription plans for users in the EU, European Economic Area and Switzerland, will cost 9.99 euros ($10.58) for web users, while iOS and Android users will have to shell out 12.99 euros a month. The EU regulations threaten to curb Meta's ability to personalize ads for users without their consent and hurt its major revenue source. ($1 = 0.9446 euros)Reporting by Akash Sriram in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Meta, Akash Sriram, Shinjini Organizations: REUTERS, Facebook, European, European Economic, Ireland's, EU, Thomson Locations: Europe, EU, Switzerland, Meta, Bengaluru

New drilling technologies during the so-called Bakken Boom turned North Dakota into the nation's second-largest crude oil-producing state from 2012 to 2020. "This sale is a big deal in North Dakota," said Ron Ness, head of the North Dakota Petroleum Council, an industry trade group. "There's a sentimentality to this sale," said Kathy Neset, who runs a prominent North Dakota oil industry consulting firm and counts Hess as one of her largest clients. Chevron could take Bakken production higher than the output targeted by Hess in the future, said Matthew Bernstein, a senior analyst at Rystad Energy. Bakken oil production could drop to 1.15 million bpd from 2026 and be flat through 2030, before entering gradual decline as inventory exhaustion sets in, said Nathan Nemeth, a principal analyst at Wood Mackenzie.

Persons: Dado Ruvic, Hess, Boom, Mike Wirth, Wirth, Ron Ness, Kathy Neset, Matthew Bernstein, Bernstein, Jessie Jones, Jones, Nathan Nemeth, Wood Mackenzie, Stephanie Kelly, Ernest Scheyder, Marguerita Choy, Simon Webb Organizations: Chevron, Hess, REUTERS, Gulf Coast, Reuters Graphics Chevron, North Dakota Petroleum Council, Rystad Energy, Reuters Graphics Reuters, Energy, Thomson Locations: North Dakota, New Mexico, Gulf, Gulf Coast ., Midland, Texas

☆ 'Trump Too Small' T-Shirt Slogan Turns Into US Supreme Court Battle
▼ + stars: | 2023-10-27 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +5 min

The Supreme Court in recent years has struck down two trademark laws based on free speech concerns. Elster applied for the "Trump Too Small" trademark to use on T-shirts, inspired by an exchange between Trump and U.S. Rubio responded at a campaign rally in Virginia that his rival had disproportionately small hands. Are they small hands?" Ernst also said the law at issue does not further the overarching trademark law goal of preventing marketplace confusion.

Persons: Blake Brittain WASHINGTON, Trump, Donald Trump, Steve Elster's, Joe Biden's, Elster, Erik Brunetti, Marco Rubio, denigrate Rubio, Marco, " Rubio, Donald Trump's, Elizabeth Prelogar, Biden, Obama, Kate, Jonathan Moskin, Foley, Lardner, Moskin, Jack Daniel's, Joe, Hillary, Samuel Ernst, Ernst, Blake Brittain, Will Dunham Organizations: Supreme, U.S . Patent, Trump, U.S, Appeals, Federal Circuit, TRUMP, International Trademark Association, Golden Gate University School of Law Locations: California, U.S, Virginia, America, Washington

The Supreme Court in recent years has struck down two trademark laws based on free speech concerns. Elster applied for the "Trump Too Small" trademark to use on T-shirts, inspired by an exchange between Trump and U.S. Elster told the Supreme Court that his trademark uses a double meaning to criticize Trump while expressing his views about "the smallness of Donald Trump's overall approach to governing." Ernst also said the law at issue does not further the overarching trademark law goal of preventing marketplace confusion. "Nobody would be confused into believing that Donald Trump is selling T-shirts accusing him of being too small," Ernst said.

Persons: Marco Rubio, Donald Trump, Jim Young, Foley, Lardner, Trump, Steve Elster's, Joe Biden's, Elster, Erik Brunetti, denigrate Rubio, Marco, " Rubio, Donald Trump's, Elizabeth Prelogar, Biden, Obama, Kate, Jonathan Moskin, Moskin, Jack Daniel's, Joe, Hillary, Samuel Ernst, Ernst, Blake Brittain, Will Dunham Organizations: Republican U.S, U.S, Republican, REUTERS, WASHINGTON, Supreme, U.S . Patent, Trump, Appeals, Federal Circuit, TRUMP, International Trademark Association, Golden Gate University School of Law, Thomson Locations: Detroit , Michigan, California, U.S, Virginia, America, Washington

ARLINGTON, Texas (AP) — Before opening the World Series, the Arizona Diamondbacks wanted to recount a series of slights. Overlooked by oddsmakers and angered by analysts, the Diamondbacks find themselves in a Surprise Series against the also unexpected Texas Rangers. Texas starts Nathan Eovaldi, a 33-year-old right-hander and a two-time All-Star who has overcome two Tommy John surgeries. “We weren’t concerned with what people thought of us,” said first-year Rangers manager Bruce Bochy who led San Francisco to three titles from 2010-14. The Diamondbacks have allowed three unearned runs during the postseason and the Rangers one.

Persons: oddsmakers, Torey Lovullo, Paul Sewald, ”, Marcus Semien, Zac Gallen, Nathan Eovaldi, John surgeries, Gallen, Garrett Stubbs, “, Texas hasn't, Bruce Bochy, Chris “, ” Russo, You’ve, ” Lovullo, Howard Stern’s, NATE, Max Muncy's, ” Eovaldi, Lovullo, effusively, “ It’s Organizations: Arizona Diamondbacks, Diamondbacks, Texas Rangers, Major League Baseball's, ” Diamondbacks, MLB Network, Rangers, New York Yankees, ., Phillies, Philadelphia, Chase, Life, Minnesota Twins, Arizona, Louis Cardinals, Texas, Senators, MLB, Boston, Los Angeles Dodgers, Bochy Locations: ARLINGTON , Texas, Arizona, . Texas, Philadelphia, San Francisco, Midtown Manhattan, Texas

☆ UBS to cut Credit Suisse investment bank staff in Spanish overhaul
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. Some 147 jobs from among the 350 people employed by Credit Suisse in Spain will be cut, UBS (UBSG.S) said on Wednesday, with the large majority going from its investment bank. The remainder of the Credit Suisse investment bank staff in Spain will move over to UBS in the coming months, it added. A small number of jobs will also go in the wealth management business, UBS said, although it did not give a full breakdown. UBS said it remained committed to wealth management, investment banking and asset management in Spain.

Persons: Denis Balibouse, John Revill, Jason Neely, Alexander Smith Organizations: Credit Suisse, UBS, REUTERS, Rights, Thomson Locations: Zurich Switzerland, Spain, Swiss, we're

While enterprise demand stabilized for legacy products, that has not extended to cloud computing, the mainstay for Microsoft and Amazon. Alphabet and Meta are set to benefit from an uptick in digital ad sales ahead of the holiday-shopping season. Last month, media research and investment firm Magna raised its forecast for U.S. ad spending growth to 5.2%, from 4.2%, for calendar 2023. Reuters GraphicsAmazon, however, is expected to be shielded by strong retail sales, thanks to a strong labor market. Meta reports on Wednesday and Apple will round off Big Tech earnings with results next week, on Nov. 2.

Persons: Gil Luria, It's, Rishi Jaluria, Yuvraj Malik, Zaheer Kachwala, Sayantani Ghosh, Savio D'Souza Organizations: Apple, Facebook, Google, Microsoft, D.A, RBC Capital, Nvidia, RBC, Google Services, Magna, Amazon Web Services, Reuters Graphics, Big Tech, Thomson Locations: Davidson, Bengaluru

☆ UBS overhauls board of domestic business after Credit Suisse takeover
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsZURICH, Oct 20 (Reuters) - UBS (UBSG.S) on Friday said it will overhaul the board of its domestic Swiss business after its takeover of Credit Suisse, including a new chairman to oversee both operations. The lender said Roger von Mentlen will become chairman of the boards of directors of UBS Switzerland and of Credit Suisse Switzerland. He will replace Markus Ronner, who was chairman of UBS Switzerland since 2022, and Peter Derendinger, who served as chairman of the board of directors of Credit Suisse (Schweiz) AG since March 2019. He has been a member of the board of directors of UBS Switzerland AG since 2020.

Persons: Denis Balibouse, Roger von Mentlen, Markus Ronner, Peter Derendinger, Von Mentlen, Sergio Ermotti, Roger, John Revill, Friederike Heine, Gerry Doyle Organizations: Credit Suisse, UBS, REUTERS, Rights, Swiss, UBS Switzerland, Credit Suisse Switzerland, AG, Credit, UBS Switzerland AG, ”, Thomson Locations: Zurich Switzerland, UBS Switzerland, Schweiz, Swiss, Switzerland

☆ Starbucks sues worker union, saying customers are 'chastising' the coffee chain and vandalizing stores over pro-Palestinian social media posts
▼ + stars: | 2023-10-19 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Starbucks sued Starbucks Workers United and affiliates, alleging trademark infringement. In a trademark-infringement lawsuit filed Wednesday, Starbucks accused Starbucks Workers United, and an affiliate, Iowa City Starbucks Workers United, of damaging the brand's reputation. The Starbucks union is an SEIU affliate. Starbucks Workers United countersued the chain in federal court in Pennsylvania, asking to be allowed to continue to use the circular green Starbucks Workers United logo. "Starbucks Workers United did not make a "statement" let alone multiple "statements" advocating for violence, nor did the union take a "position" supporting violence."

Persons: —, Benjamin Netanyahu, David, chastising, Sara Kelly Organizations: Starbucks, Starbucks Workers United, Service, Iowa City Starbucks Workers United, Employees International Union, SEIU, Hamas, Starbucks Workers, Seattle Starbucks Reserve, Workers United, Starbucks Coffee Company Locations: Palestinian, Palestine, Israel, Israeli, Gaza, Iowa City, Rhode, Pennsylvania

☆ Singapore to inspect Credit Suisse, others in money-laundering scandal - Bloomberg
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. Officials from Singapore's financial regulator will review documents and interview personnel from Credit Suisse and other banks within weeks, Bloomberg reported, citing people familiar with the situation. The MAS and Credit Suisse did not immediately respond to a request for comment. Singapore police in August arrested 10 foreigners as the Asian financial hub investigates one of its biggest cases of suspected money laundering, with assets worth S$2.8 billion ($2 billion) seized. Reporting by Chandni Shah in Bengaluru; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Chandni Shah, Robert Birsel Organizations: Credit Suisse, UBS, REUTERS, Monetary Authority of Singapore, Bloomberg, MAS, Singapore, Thomson Locations: Zurich Switzerland, Bengaluru

☆ WhatsApp clampdown highlights video call compliance threat for finance firms
▼ + stars: | 2023-10-18 | by ( Sinead Cruise | ) www.reuters.com time to read: +7 min

Video calls are broadly considered proxies for face-to-face meetings and therefore are currently subject to little or no formal record-keeping obligations. At least two major global banks are now recording Zoom calls, said sources with knowledge of the matter, who declined to be named because the information is not public. One bank is recording Zoom calls undertaken by certain staff, including traders, while the other is recording all Zoom calls so content can be reviewed later if needed. FINRA declined to comment on how many firms were subject to the rule or whether the rule also extended to video calls. Video calls pose "unique risks" and technology needed to efficiently screen video calls is not widely used, said Matt Smith, CEO of communications surveillance firm SteelEye.

Persons: Dado Ruvic, Brad Levy, Morgan, Goldman Sachs, Matthew Nunan, Gibson, Dunn, Morgan Stanley, Sarah Pritchard, Claire Garrett, Michael Watling, Seward, FINRA, Matt Smith, Ryan, Yonk, Symphony's Levy, Chris Prentice, Michelle Price, Huw Jones, Sharon Singleton Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Finance, Reuters, U.S, EMEA, Microsoft, Britain's, Authority, HSBC, Bloomberg, U.S . Financial Industry Regulatory Authority, Employees, American Institute for Economic Research, Washington D.C, Thomson Locations: Marsh, U.S, New York, Washington, London

☆ Man Who Spread Misinformation on Trump’s Behalf Sentenced to 7 Months
▼ + stars: | 2023-10-18 | by ( Colin Moynihan | ) www.nytimes.com time to read: +1 min

A digital-age dirty-trickster who used Twitter posts that looked like Hillary Clinton ads to spread false information before the 2016 presidential election was sentenced on Tuesday to seven months in prison. But they argued that Mr. Mackey committed a crime days before the election when, using the name Ricky Vaughn, he posted images targeting Black and Latino voters that claimed it was possible to vote by text message. The idea, prosecutors said, was to suppress votes for Mrs. Clinton. One of the images showed a Black woman and another one had a message in Spanish. Both included logos resembling the Clinton campaign’s and fine print attributing them to “Hillary for President.”

Persons: Hillary Clinton, Douglass Mackey, Donald J, Trump, Mackey, Ricky Vaughn, Clinton, “ Hillary, ” Organizations: Twitter

☆ TikTok lures luxury-bag buyers to its Shop platform as it partners with Entrupy to authenticate purses
▼ + stars: | 2023-10-18 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

TikTok is working with Entrupy, a maker of product-authentication technology, to offer handbag-authentication services on its new e-commerce platform, TikTok Shop , Entrupy announced Wednesday. The partnership reflects a growing effort to build trust in TikTok Shop as the social-media company looks to establish itself as a shopping destination. It expanded to TikTok Shop in response to a growing demand for its services on the platform. TikTok and Entrupy have worked together since TikTok Shop launched in beta earlier this year. Resellers must use a third-party authentication service — either Entrupy or Real Authentication — to resell luxury handbags on TikTok Shop, according to the policies.

Persons: TikTok, Entrupy, Chanel, Prada, Vidyuth Srinivasan, Srinivasan, it's Organizations: Burberry, TikTok, eBay Locations: Entrupy, mstone@insider.com

That shift in legal doctrine was profound, shaping how courts have applied antitrust law ever since. Khan’s ideas have challenged the closest thing to a sacred cow in antitrust law. The most ambitious of those never became law, but Khan’s role in the probe, which Cicilline described as “critical,” helped further raise her profile. Amazon and Meta have both pushed for Khan to recuse herself from matters involving the companies, questioning her objectivity. The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers.

Persons: Lina Khan, Khan, Stephanie Keith, ” Khan, “, Joe Biden, ”, William Kovacic, George W, Bush, Barry Lynn, Lynn, New America Foundation —, Obama, —, ” Lina Khan, Rong Xu, ” Lynn, it’s, ’ ”, Reagan, Robert Hockett, Khan’s, David Cicilline, Lina, ” Cicilline, Cicilline, Justin Tallis, Biden, Trump, Douglas Farrar, Gary Gensler, Tom Williams, Jonathan Kanter, Roe, Wade, Kevin Kiley, Meta, she’s, “ We’ve, they’re, Federal Trade Commission Lina Khan, Al Drago, Kathleen Bradish, Bradish, Christine Wilson, Wilson, Noah Phillips, Gabby Jones, NetChoice, Carl Szabo, “ It’s, ” Szabo, There’s, ” Kovacic Organizations: CNN, Federal Trade Commission, Amazon, FTC, Big, Microsoft, Meta, Bloomberg, Getty, Republican, White House, Williams College, New America Foundation, Washington Monthly, Yale Law, Washington Post, Cornell Law School, Big Tech, Rhode, Rhode Island Democratic, Apple, Facebook, Cambridge, Activision, SEC, Financial Services, General Government, Securities and Exchange Commission, Capitol, Justice Department, Epic Games, California Republican, Washington , D.C, American Antitrust Institute, GOP, US Federal Trade Commission, Amazon.com Inc Locations: Big Tech, Robbinsville , New Jersey, Washington, Larchmont , New York, Rhode Island, Washington ,, New York

☆ How F1 and ‘Drive to Survive’ are changing way we watch sports
▼ + stars: | 2023-10-15 | by ( Leah Asmelash | ) edition.cnn.com time to read: +14 min

“Hard Knocks” is a docuseries that focuses on a single NFL team as it prepares for the upcoming NFL season. F1 is already a dangerous and exciting sport on its own, but “Drive to Survive” transforms it into a soap opera. By the end, hopefully, they’re consuming the product; in this case, actually watching the live sport. But his strength on the field isn’t why Travis Kelce is a household name. In last season’s Super Bowl, Travis Kelce went head-to-head against brother Jason Kelce, when the Chiefs faced the Philadelphia Eagles.

Persons: “ I’ve, it’s, Michael Jordan, Travis Vogan, Vogan, ” Vogan, Aaron Rodgers, isn’t, It’s, They’re, ”, “, Lewis Hamilton, Tom Brady’s, Sergio Perez’s, James Gay, Rees, “ It’s, ” Gay, weren’t, ” Haas, Mick Schumacher, Patrick T, Fallon, Cody Havard, Woods, Williams, Lance Armstrong, they’ve, “ They’re, they’re, Travis Kelce, Kelce, Jason Kelce, Travis, Taylor Swift, Swifties, Swift, David Eulitt, ‘, ’ ” Havard, There’s, Muhammad Ali, Mike Tyson, Jake Paul, Rory McIlroy, Rob McElhenney, Ryan Reynolds, ” Havard, Havard, Patrick McElhenney, Ted Lasso ”, Hannah Waddingham, “ Ted Lasso, — she’s, Marshawn Lynch Organizations: CNN, Sports, Studios, Chicago Bulls, Covid, NFL, HBO, Warner Bros ., NFL Films, University of Iowa, New York Jets, Netflix, Films, PGA Tour, de, Formula One United, Prix, Getty, University of Memphis, Kansas City Chiefs, Chiefs, Philadelphia Eagles, Chicago Bears, Wrexham AFC, Welsh soccer, Los Angeles Lakers, AFC Richmond, Manchester City, West Ham United, English Premier League, Fox Locations: Europe, China, Brazil, Mexico, Austin , Texas, ”, Formula One United States, Wrexham, Welsh, United States, “

[1/2] A ‘No’ sign sits in front of the Tent Embassy near the Old Australian Parliament House as voters arrive during The Voice referendum, in Canberra, Australia, October 14, 2023. An Australian referendum requires a majority vote in at least four of its six states, as well as nationally. Ultimately, no state supported the "Voice" and the national vote was 40% "Yes" to 60% "No", according to preliminary counting. After the votes were counted, Dutton said his party supported Indigenous reconciliation but he made no mention of an alternative measure. Albanese, asked on Saturday why the vote had failed, said no referendum had succeeded without bipartisan support.

Persons: Tracey Nearmy, Anthony Albanese, Kos Samaras, Matt Qvortrup, Peter Dutton, Dutton, Timothy Graham, Graham, Cate Blanchett, Russell Crowe, Chris Hemsworth, Jason Mamoa, Shaquille O'Neal, Samaras, Donald Trump, Paul Smith, Smith, Albanese, Qvortrup, Byron Kaye, Praveen Menon, Edmund Klamann Organizations: Tent Embassy, Old Australian, House, REUTERS, Rights, Labor, Redbridge Group, Australian National University, Liberal Party, Queensland University of Technology, Qantas, NBA, Labor Party, U.S, European Union, Liberal, Thomson Locations: Tent, Canberra, Australia

☆ Fashion brands want you to be able to identify fake designer merchandise
▼ + stars: | 2023-10-13 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

‘It’s almost seen as a hack’These tactics are all part of the industry’s hope to neutralize the booming counterfeit market, with some estimates asserting that fake fashion and luxury items account for 60% or more of the multi-trillion-dollar trade in fake goods. Sympathy for brands “can be hard for consumers in general, particularly those who are deeply steeped in TikTok culture,” Scafidi said. According to Business of Fashion, the average price for a women’s designer handbag in the US spiked 27% from 2019 to 2022. Last year saw record-breaking profits for the luxury sector, with around 95% of brands seeing growth, according to an estimate by consulting firm Bain & Company. “Right now, vintage is on trend, and we actually see new replicas of vintage items — items that were made in the ’80s or ’90s,” Thompson said.

Persons: Louis Vuitton, Cartier, Birkin, Miu Miu, Chanel, ”, Simon Lock, LVMH, Maison, OTB, ‘ It’s, dupes, Counterfeiters, Sarah Davis, “ it’s, what’s, Susan Scafidi, “, Leah Abucayan, ” Scafidi, Fashionphile, Davis, Hunter Thompson, “ It’s, ” Thompson, ” Davis, Scafidi, Romain Carrere, “ We’re, ” Carrere, it’s Organizations: CNN, luxe, Ordre Group, Burberry, Prada Group, Dior, Prada, YouTube, Social, Fashion Law, Business of Fashion, Bain & Company, Technology, Blockchain Locations: Fashionphile, Europe, —

☆ Infosys campus pullback signals hard jobs reboot
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Employees of Indian software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2012. REUTERS/Vivek Prakash/File Photo Acquire Licensing RightsBENGALURU, Oct 13 (Reuters Breakingviews) - Clients are cutting back on IT spending as the global economy slows. India’s second biggest technology services firm by market capitalisation Infosys (INFY.NS) has twice cut its revenue growth forecast this year. IT firms provide well-paying jobs in urban India where less than half of workers have regular wages or salaries. As a result, Infosys revenue grew 16% annually between financial year 2021 and 2023, twice the rate during the prior three years.

Persons: Vivek Prakash, That’s, Pranav Kiran, Una Galani, Thomas Shum Organizations: Indian, Infosys, REUTERS, Rights, Reuters, U.S, Tata Consultancy Services, X, Ericsson, Qantas, Thomson Locations: Electronic, Bangalore, India

☆ Why Tesla isn’t unionized
▼ + stars: | 2023-10-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Tesla workers earn on average about $55 an hour in wages and benefits, compared to $66 to $71 an hour at Detroit’s Big Three, according to industry estimates. In an aerial view, brand new Tesla cars sit in a parking lot at the Tesla factory on October 19, 2022 in Fremont, California. Brendan McDermid/ReutersThe union, Tesla Workers United, filed an NLRB complaint alleging the company illegally fired its supporters. Tesla is one of the most valuable companies in the world, and some production workers have become millionaires from their shares in Tesla, Musk has said. A Tesla Model X is worked on a factory line with Tesla X's and Tesla S's at the Tesla factory on Wednesday, July 18, 2018 in Fremont, Calif. Lea Suzuki/The San Francisco Chronicle/Getty Images“Tesla tries to make it seem like if you’re unionized you’re not going to get stock,” said Bryan Schwartz, a lawyer who has represented Tesla employees in lawsuits against the company, including an ongoing class action lawsuit for racial discrimination.

Persons: New York CNN — Tesla, Tesla, ”, John Logan, Justin Sullivan, Elon Musk, ” Logan, “, Risa Lieberwitz, Lieberwitz, Brendan McDermid, ” Lieberwitz, Musk, “ Musk, Lea Suzuki, “ Tesla, you’re, Bryan Schwartz, Mike Miller, Miller, Shawn Fain, Alain Jocard, Paul Sancya, Elon, ” Fain Organizations: New, New York CNN, United Auto Workers, Ford, General Motors, Tesla, UAW, EV, UAW doesn’t, San Francisco State University, Getty, Workers, Cornell University School of Industrial and Labor Relations, National Labor Relations Board, Companies, Employers, National Labor Relations Act, “, NLRB, Tesla Inc, Panasonic, Tesla Workers United, SpaceX, San Francisco Chronicle, “ Workers, AP, Detroit automakers, CBS Locations: New York, United States, Detroit, Fremont , California, America, unionize, Austin , Texas, Sparks , Nevada, Buffalo , New York, Buffalo, U.S, Tesla, Fremont , Calif, AFP

Printed TikTok logos are seen in this illustration taken February 15, 2022. Breton's warning in a letter to Chew, first seen by Reuters, follows similar letters to X, formerly Twitter, owner Elon Musk and Meta Platforms' Mark Zuckerberg earlier this week. Breton subsequently posted the letter on social media platform Bluesky. Breton said in the letter to TikTok, owned by Chinese conglomerate ByteDance, that he had indications that it was being used to disseminate illegal content and disinformation in the EU after the Hamas attacks. The EU industry commissioner said rules on content moderation were clear in the EU Digital Services Act (DSA) and spelt out certain obligations in his letter.

Persons: Dado Ruvic, Thierry Breton, Frenchman, Shou Zi Chew, Chew, Elon Musk, Mark Zuckerberg, Breton, Linda Yaccarino, Foo Yun Chee, Philip Blenkinsop, Jane Merriman, Elaine Hardcastle, Jan Harvey Organizations: REUTERS, Rights, Digital Services, DSA, Reuters, EU, EU Digital Services, Thomson Locations: Rights BRUSSELS, Israel

ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 6, 2023. After brief informal conversations earlier this year, Exxon approached Pioneer about a deal last month, the sources said. Exxon's shares were hovering near record highs, and it had a cash pile of about $30 billion. Woods had already capitalized on elevated energy prices to streamline Exxon's operations and focus on highly profitable oil and gas production. This allowed Exxon to enter the deal negotiations with its stock coveted by investors as a valuable currency.

Persons: Dado Ruvic, Darren Woods, Scott Sheffield, Woods, Darren, Sheffield, Scott, Sabrina Valle, David French, Anirban Sen, Sonali Paul Organizations: ExxonMobil, Pioneer, REUTERS, HOUSTON, Exxon Mobil Corp's, Natural Resources, Exxon, Sheffield, Thomson Locations: Guyana, Sheffield, Houston, New York

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