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Two Adidas employees out in China corruption probe
  + stars: | 2024-06-26 | by ( Juliana Liu | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —Two employees have left Adidas as a result of an ongoing investigation by the German sportswear brand into allegations of corruption in China. Chinese state media outlet Economic View reported Wednesday that both former employees had worked in marketing for Adidas China. The allegations against Adidas executives were contained in an unsigned letter from people calling themselves employees of Adidas China. Greater China — a region that encompasses mainland China, Hong Kong and Taiwan — accounts for 15% of the company’s sales. In mainland China, Adidas is the second-largest international sportswear brand behind Nike (NKE).
Persons: ” Claudia Lange, , , Jiemian, Lange, Yang Mi, Yi, Fred Organizations: Hong Kong CNN —, Adidas, , Adidas China, CNN, Nike Locations: China, Hong Kong, Taiwan, Beijing
Hong Kong CNN —Adidas says it has started an investigation into allegations of “compliance violations” in China, a key market for its sportswear. The reported complaint alleged that a senior executive in Greater China who manages Adidas’ marketing budget had embezzled millions of euros and taken huge kickbacks from external advertising and celebrity agencies. Greater China — a region that encompasses mainland China, Hong Kong and Taiwan — contributes 15% of the company’s sales. In mainland China, Adidas is the second largest international sportswear brand behind Nike (NKE). Adidas is well known for playing the “celebrity” card in its marketing in China.
Persons: Hong Kong CNN —, Jiemian, Claudia Lange, , Lange, , Taiwan —, , Yang Mi, Yi Yangqianxi Organizations: Hong Kong CNN, Hong Kong CNN — Adidas, Adidas China, CNN, Adidas, Nike Locations: China, Hong Kong, Taiwan, Beijing, Xinjiang
WTA roundup: Madison Keys loses Guadalajara opener
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +2 min
Keys, the tournament's fourth seed, received a first-round bye. Navarro converted five of her seven break-point opportunities, while Keys broke serve three times on five chances. Navarro advances to face former U.S. Open finalist Leylah Fernandez of Canada, who knocked out 13th-seeded Elise Mertens of Belgium 6-3, 6-4. 1 Ons Jabeur of Tunisia routed the United States' Alycia Parks 6-2, 6-2, and No. The United States' Sofia Kenin eliminated 12th-seeded Anhelina Kalinina of Ukraine 6-2, 7-6 (5).
Persons: Madison Keys, Aryna Sabalenka, Mike Segar, Keys, Navarro, Leylah Fernandez, Elise Mertens, Maria Sakkari, Australia's Storm Hunter, Caroline Garcia of France, Ekaterina Alexandrova, Poland's Magdalena Frech, Sofia Kenin, Lucia Bronzetti, Yi Yang, Bronzetti, Yang's, Uchijima, France's, Tatjana Maria of, Alexandra Eala, Daria Saville of, Germany's Anna, Lena Friedsam, Viktoria Hruncakova, Russian Anna Kalinskaya, Viktorija, Yulia Putintseva, Xiyu Wang, Yue Yuan, Zhuoxuan Bai Organizations: Madison, Belarus, Aryna Sabalenka REUTERS, U.S, Australia's Storm, Poland's, United, Thomson Locations: Flushing Meadows , New York, United States, Guadalajara, Mexico, Open Akron, U.S, Canada, Belgium, Tunisia, Greece, Belarus, Russia, Ukraine, Guangzhou, Italy, Taiwan, China, Tatjana Maria of Germany, Philippines, Daria Saville of Australia, Slovakia, Russian, Switzerland, Kazakhstan
Chinese scientists say they're working on a ultra-fast weapon that is both missile and torpedo. It will fly at supersonic speeds and use supercavitation to reach high underwater speeds, they say. But the Chinese weapon appears to be a missile that turns into a rocket-propelled torpedo once it hits the water. In the 1950s, the US Air Force and Navy examined boron-based jet fuel — "zip fuel" — for aircraft such as the proposed B-70 supersonic bomber. A visitor tours a torpedo room in a submarine that served the Chinese Navy in 1960s at a Navy museum in Qingdao in September 2012.
Our seven-part guide has helpful hints for paying off student loans, negotiating your salary, building credit, and more. The road to financial independence is not easy, and usually requires patience and diligence early on. Here are the five most common mistakes young adults are making when building their financial lives:1. Waiting too long to start retirement savingPlanning for retirement is about finding a balance between putting money aside for later and having enough to pay for stuff now. “Social media creates the desire to keep up with others,” said Nick Reilly, a certified financial planner based in Seattle.
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