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☆ Hackers are stealing tickets from Ticketmaster customers' accounts. For many, the troubled platform is their only option.
▼ + stars: | 2024-11-09 | by ( Dan Latu | Palmer Haasch | ) www.businessinsider.com time to read: +9 min

It was a reminder for an Usher concert in Dallas on October 5, synced with her Ticketmaster account. Live Nation, worth about $28 billion as of November 8, has a tight grip on the live-entertainment industry. The Live Nation executive recommended Ticketmaster account holders have a unique password not used for any other platforms. AdvertisementShe figured she would have to rebuy tickets, she added, so was surprised and pleased when Ticketmaster reinstated the tickets. People protesting outside the US Capitol the morning of a Senate Judiciary Committee hearing about the merger of Ticketmaster and Live Nation in 2023.

Persons: concertgoers, —, Jasmine McKenzie, McKenzie, who's, Taylor Swift, Mika City, Don Toliver's, Floyd George, Floyd George ", City, Usher, didn't, hadn't, it's, Swift, Drew Angerer Organizations: Ticketmaster, BI, Service, Justice Department, DOJ, Live, Business, CBS News, Better Business Bureau, BBB, Capitol, Oasis, City Locations: Vashti, Dallas, Los Angeles, Nashville, Charlotte, North Carolina, Grand Prairie , Texas, Houston, North America, United Kingdom

☆ Biden to ban U.S. sales of Kaspersky software over ties to Russia, source says
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: +4 min

Kaspersky Internet Security software is seen at the store in Krakow, Poland on December 30, 2021. A spokesperson for the Commerce Department declined to comment, while Kaspersky Lab and the Russian Embassy did not respond to requests for comment. Previously, Kaspersky has said that it is a privately managed company with no ties to the Russian government. The new restrictions on inbound sales of Kaspersky software, which will also bar downloads of software updates, resales and licensing of the product, kick in on Sept. 29, 100 days after publication, to give businesses time to find alternatives. If it only adds the Russian entity, the impact will be largely reputational.

Persons: Biden, Trump, Kaspersky, Donald Trump Organizations: Commerce Department, Russian Embassy, Biden, Department of Homeland Security, Kyiv, U.S, Reuters, Piaggio, Qatar Olympic Committee Locations: Krakow, Poland, United States, U.S, Russian, Moscow, Ukraine, Russia, China, New U.S, Massachusetts, Spain

☆ Papua New Guinea landslide: satellite imagery shows scale of devastation
▼ + stars: | 2024-05-28 | by ( Rob Picheta | ) edition.cnn.com time to read: +3 min

Satellite imagery from before and after the landslide show a vast section of the landscape in the mountainous Enga region essentially torn away. A satellite image shows a closer view of a hillside before the landslide in Yambali village, Enga Province, Papua New Guinea, June 27, 2023. Maxar Technologies/Reuters A satellite image shows a closer view of the landslide in Yambali village, Enga Province, Papua New Guinea, May 27, 2024. Maxar Technologies/Reuters Satellite images show the landslide in Yambali village, Enga Province, Papua New Guinea. More than 150 houses in Yambali village were buried in debris, officials said Sunday.

Persons: Juho Valta, Sandis Tsaka, “ We’re, ” Tsaka, Kambu, “, ”, Miok Michael Organizations: CNN, Maxar Technologies, REUTERS, Reuters, Disaster Center, UNDP Locations: Papua New Guinea, Yambali, Enga Province, Kaokalam, Port Moresby, UNDP Papua New Guinea, “

☆ Live Nation, Ticketmaster’s parent company, sued in groundbreaking monopoly lawsuit
▼ + stars: | 2024-05-23 | by ( Brian Fung | Hannah Rabinowitz | ) edition.cnn.com time to read: +6 min

Washington CNN —The US government and dozens of states sued Live Nation in a groundbreaking antitrust lawsuit on Thursday, alleging that for years the parent company of Ticketmaster abused its industry dominance to harm concertgoers nationwide. It is time to break up Live Nation-Ticketmaster.”In a statement, Live Nation called the DOJ’s allegations “baseless.”“The DOJ’s lawsuit won’t solve the issues fans care about relating to ticket prices, service fees, and access to in-demand shows,” Live Nation said in a statement. The lawsuit highlights how regulators now believe, more than a decade on, that the behavioral modifications Live Nation agreed to have failed. According to the lawsuit, Live Nation directly manages more than 400 artists, controls around 60% of concert promotions at major concert venues across the country, and controls more than 265 concert venues in North America. And through Ticketmaster, the suit says, Live Nation controls roughly 80% or more of major concert venues’ primary ticketing for concerts.

Persons: Taylor Swift’s, ”, General Merrick Garland, Swift, Robert Smith, Zach Bryan, Minnesota Democratic Sen, Amy Klobuchar, Connecticut Democratic Sen, Richard Blumenthal, Klobuchar, Blumenthal, John Cornyn, Ted Cruz, Biden, ramping Organizations: Washington CNN, Ticketmaster, Justice Department, Prosecutors, ”, “, DOJ, Regulators, Minnesota Democratic, Connecticut Democratic, Texas Republican, District of Columbia, Court, Southern, of Locations: New York, United States, Texas Republican Sens, North America, Arizona , Arkansas , California , Colorado , Connecticut, Florida , Illinois, Maryland , Massachusetts, Michigan, Minnesota , Nevada , New Hampshire , New Jersey , New York, North Carolina , Ohio , Oklahoma , Oregon , Pennsylvania, Rhode Island , South Carolina , Tennessee , Texas, Virginia, Washington, West Virginia , Wisconsin , Wyoming, of New York

☆ What the major Ticketmaster lawsuit means for you
▼ + stars: | 2024-05-23 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

But the Department of Justice says those complaints are just the symptom of a more fundamental problem with Live Nation. Live Nation, for its part, says even if the lawsuit succeeds, it won’t lead to cheaper ticket prices. An uncertain path forwardTo fix the issue, regulators say Live Nation must be broken up. But based on past criticism of Live Nation, one possible outcome at a minimum could be a spinoff of Ticketmaster. Better customer serviceComplaints about Ticketmaster and Live Nation are nothing new.

Persons: “, ”, General Merrick Garland, General Merrick Garland Kent Nishimura, haven’t, Taylor Swift, Swift Organizations: CNN, Ticketmaster, of Justice, U.S, Antitrust, Justice, “, DOJ, Consumer, Nation Locations: New York

☆ Taylor Swift fans lose at least $1 million to Eras Tour scams in the UK
▼ + stars: | 2024-04-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Thousands of Taylor Swift’s UK fans have been duped into buying fake tickets for her upcoming Eras Tour concerts, according to a major British bank. With all UK dates now sold out, desperate fans are more likely to turn to resale sites and social media for tickets. Lloyds said it expects to see “many more fans fall victim to ticket scams in the coming weeks and months,” leading up to the first concert in Edinburgh, Scotland. According to UK Finance, a financial services industry association, Brits lost more than £40 million ($50 million) to “purchase scams,” including sales of fraudulent tickets, in the first half of last year. In November, the bank warned customers over ticket scams relating to Glastonbury, the popular outdoor music festival held annually in England in the summer.

Persons: Taylor Swift’s, —, Swift, ”, you’re, Liz Ziegler, you’ve, nothing’s, they’ve, Kirsty Adams, Taylor Swift Organizations: London CNN, Lloyds Bank, “, Lloyds, Ticketmaster, UK Finance, HSBC, Europe’s, CNN, Barclays, Glastonbury, Olympics Locations: British, Singapore, United States, United Kingdom, Edinburgh, Scotland, Glastonbury, England

☆ Jury Finds Sotheby’s Did Not Help in Any Fraud of Russian Oligarch
▼ + stars: | 2024-01-30 | by ( Graham Bowley | ) www.nytimes.com time to read: +1 min

A jury in a civil trial in New York decided in favor of Sotheby’s on Tuesday, rejecting a Russian oligarch’s claim that the auction house had helped a Swiss dealer who he said defrauded him out of tens of millions of dollars in high-end art sales. The oligarch, Dmitry Rybolovlev, had accused Sotheby’s of being in on a plot in which, he said, the dealer Yves Bouvier posed as an art adviser negotiating sales on Rybolovlev’s behalf when, in reality, he was secretly acting as an art dealer, buying works at Sotheby’s before flipping them to his client. In the resales, Bouvier at times increased the prices by tens of millions of dollars. Whatever the dealer did with the art after he bought it was none of the auction house’s business, the Sotheby’s lawyers had argued. If anyone were to blame for buying overpriced art, it was Rybolovlev himself, according to Sotheby’s lawyers, who said the Russian businessman was at fault for not protecting himself against the dealer’s actions.

Persons: Dmitry Rybolovlev, Yves Bouvier, Bouvier, Rybolovlev Locations: New York, Sotheby’s, Swiss, Russian

☆ How much TikTok pays employees in the US, from data scientists to software engineers, according to salary data
▼ + stars: | 2024-01-19 | by ( Ashley Rodriguez | Dan Whateley | ) www.businessinsider.com time to read: +109 min

Some examples of salary offers for corporate functions include:AdvertisementAccountant, Expense Management : $73,000: $73,000 HR Business Partner : $127,680 median; ranging from $90,000 to $182,880: $127,680 median; ranging from $90,000 to $182,880 HR Specialist: $114,000 median; ranging from $85,000 to $170,000DesignEmployees on the design team "shape the visual representation" of TikTok's products and business, creating "unique designs that are not just visually appealing, but also express the aesthetic of our brand," the company wrote. : $320,000: $320,000 Android Software Engineer, TikTok Monetization : $210,000: $210,000 Android Software Engineer, TikTok Privacy : $190,000: $190,000 Android Software Engineer, TikTok Social : $126,640 median; ranging from $65,000 to $288,000: $126,640 median; ranging from $65,000 to $288,000 Android Software Engineer, TikTok User Growth : $227,000 median; ranging from $221,000 to $233,000: $227,000 median; ranging from $221,000 to $233,000 Applied Machine Learning Engineer : $273,340 median; ranging from $180,000 to $306,000: $273,340 median; ranging from $180,000 to $306,000 Applied Machine Learning Engineer, Recommendation : $190,000: $190,000 AR Effects Interactive Engineer : $125,000: $125,000 AR Software Engineer : $125,000: $125,000 Audio Engineer : $75,000: $75,000 Backend Engineer : $128,000: $128,000 Backend Engineer, Ads Platform : $172,000 median; ranging from $125,000 to $240,000: $172,000 median; ranging from $125,000 to $240,000 Backend Engineer, Content Ecosystem : $222,360: $222,360 Backend Engineer, Lark Innovation : $160,000: $160,000 Backend Engineer, Machine Learning : $157,680 median; ranging from $157,680 to $175,000: $157,680 median; ranging from $157,680 to $175,000 Backend Engineer, Risk Systems : $295,000 median; ranging from $150,000 to $320,000: $295,000 median; ranging from $150,000 to $320,000 Backend Engineer, TikTok Ads Creative and Ecosystem : $250,000: $250,000 Backend Engineer, TikTok Ads Creativity and Ecosystem : $207,500 median; ranging from $175,000 to $240,000: $207,500 median; ranging from $175,000 to $240,000 Backend Engineer, TikTok Eng. : $220,000 median; ranging from $160,000 to $285,000 0 #NUM! Software Engineer, Computer Vision : $165,000 median; ranging from $165,000 to $200,000: $165,000 median; ranging from $165,000 to $200,000 Software Engineer, Computer Vision, Intelligent Creation : $200,000 median; ranging from $200,000 to $265,000: $200,000 median; ranging from $200,000 to $265,000 Software Engineer, Core Services : $204,000 median; ranging from $125,000 to $244,680: $204,000 median; ranging from $125,000 to $244,680 Software Engineer, Core Service, Application Security : $129,680: $129,680 Software Engineer, CRM : $175,000 median; ranging from $125,000 to $300,555: $175,000 median; ranging from $125,000 to $300,555 Software Engineer, Data Access Team : $230,000: $230,000 Software Engineer, Data Mining : $169,680: $169,680 Software Engineer, Data Mining USDS : $182,400: $182,400 Software Engineer, Data Platform : $186,000 median; ranging from $170,000 to $216,880: $186,000 median; ranging from $170,000 to $216,880 Software Engineer, Data Security and Compliance : $180,000: $180,000 Software Engineer, Database Kernel Development : $130,000 median; ranging from $128,000 to $220,000: $130,000 median; ranging from $128,000 to $220,000 Software Engineer, Distributed Storage System : $285,000 median; ranging from $180,000 to $285,000: $285,000 median; ranging from $180,000 to $285,000 Software Engineer, Engineering Productivity : $195,000: $195,000 Software Engineer, Front-End : $147,000: $147,000 Software Engineer, Front-End, Ads Technology : $125,000: $125,000 Software Engineer, Full Stack : $180,000: $180,000 Software Engineer, Full Stack, Ads Technology : $147,500 median; ranging from $125,000 to $170,000: $147,500 median; ranging from $125,000 to $170,000 Software Engineer, Full Stack, E-Commerce Engineering and Architecture : $205,000: $205,000 Software Engineer, Full Stack, Vertical Solutions : $220,000: $220,000 Software Engineer, Global E-Commerce Customer Business : $195,000 median; ranging from $133,240 to $225,000: $195,000 median; ranging from $133,240 to $225,000 Software Engineer, Global Payment : $161,000 median; ranging from $155,000 to $215,000: $161,000 median; ranging from $155,000 to $215,000 Software Engineer, Gov. and Experience, TikTok E-Commerce : $241,540 median; ranging from $219,680 to $263,400: $241,540 median; ranging from $219,680 to $263,400 Software Engineer, GPU Management : $128,000 $128,000 $128,000 0 #NUM!

Persons: —, It's, TikTok, it's, ByteDance, TikTok Eng, Tiktok Organizations: Service, Business, US, of Foreign Labor, Live, US Data Security, Security, US Department of Labor, Corporate, Employees, TikTok, Tech, Commerce, Marketing, Staff, Trust, Safety, Brand, Android Software, Computer, Global Agency Relations, Global Security Technology, Infrastructure Engineering, Android, Machine, Interactive, Systems, Data Systems, Engineer, Commerce Data Intelligence, Commerce Logistics, Chain, Logistics, Media, US Tech Services, Big, Business Intelligence, Protection, Network Security, Business Systems, Cash, Cloud, Networking Software, Public, Tech Service, Technology, Technology Systems, Infrastructure, Network Business, NA, Defense, US Tech Service, Analytics, Research, Mining, Solutions, Tech Services, Pico, Forensics, Development, Control, Financial, CRM, Global, Learning, Traffic, TCMS, Communications, Graphics, Monetization Technology, Management, Products, Resources, IDC Logistics, DevOps, IOS, GNE Global, Software, Procurement, Commerce Global, Strategic, Global Business, Merchant, Mobile Security, Mobile Software, Multimedia Research, Regional, Sound Engineering, Professional Services, Community, Relations, Real, Commerce Trading, Creative, Enterprise, Virtual Network, Storage, Data Security, Smart, Finance, ML Systems, Cloud Infrastructure, TikTok US Tech Services, Monetization Tech, Learning Systems, Core Services, Core Service, Data Mining, Engineering, Commerce Engineering, Mobile, Revenue Management Locations: ByteDance, TikTok, TikTok Commerce, America, Mexico, Americas, Commerce

☆ A housing expert who nailed the prediction for 2023 says home prices to jump 7% this year
▼ + stars: | 2024-01-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Nik Shah, a housing expert who was spot-on in his forecast for last year, said prices could climb 7% in 2024. "Barring a black swan event, we predict that the housing market in 2024 will appreciate more than 2023," Shah told the real estate outlet. Related storiesFor reference, the S&P CoreLogic Case-Shiller National Home Price Index notched a 4.8% annual gain up to October 2023, in line with Shah's estimate. At the same time, aging boomers will lead to an uptick in housing supply, which will should help ease prices. Meanwhile, findings from a separate Zillow survey suggest that the housing market could be breaking free from the "rate lock" phenomenon that froze activity last year.

Persons: Nik Shah, ResiClub, —, Shah, hasn't, Gen Z Organizations: Service, metros, Owners Locations: Austin, Boise, Denver

☆ Hoards of people are stampeding stores to get Stanley's limited edition Valentine's Day cups, and resales are going for more than $100
▼ + stars: | 2024-01-03 | by ( Tanya Chen | ) www.businessinsider.com time to read: +3 min

The Stanley cup hype has reached new heights with its limited edition Valentine's Day drop at Target. AdvertisementStanley has just released its limited edition Valentine's Day cups — the Galentine's Day collection — and customers are stampeding Target stores to get their own. Other TikTokers captured the lines — reminiscent of Black Friday — outside several Target stores in the early morning hours before the cups were unveiled. But the chaos captured in these viral videos could also be, in part, a result of how profitable the resale market for them has become — especially for limited edition colors of its largest tumblers. Within days of its release, listings on eBay and Poshmark showed the red and pink cups going for over $100.

Persons: —, Stanley, Mikayla Barber, Barber, Stanley tumbler, TikTokers, Olds, rae dunn, Rae Dunn, There's, Casey Lewis, BI's Katie Noutopoulos Organizations: Service, Business, eBay, Poshmark

☆ US new home sales fall more than expected in October
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

New home sales dropped 5.6% to a seasonally adjusted annual rate of 679,000 units last month, the Commerce Department said on Monday. September's sales pace was revised lower to 719,000 units from the previously reported 759,000 units. Economists polled by Reuters had forecast new home sales, which account for a small share of U.S. home sales, would fall to a rate of 723,000 units. Most homeowners have mortgage rates under 3%, making many reluctant to sell, boosting demand for new construction. Mortgage rates soared as the Federal Reserve aggressively raised interest rates to fight inflation.

Persons: Sarah Silbiger, Freddie Mac, Torsten Slok, Lucia Mutikani, Paul Simao Organizations: REUTERS, Rights, U.S, Commerce Department, Reuters, National Association of Realtors, Federal Reserve, Treasury, Apollo Global Management, Thomson Locations: Washington , U.S, U.S, New York

☆ US existing home sales hit more than 13-year low; prices push higher
▼ + stars: | 2023-11-21 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

"The combination of high prices, high mortgage rates, and millions of homeowners unwilling to move, given they've locked in low rates, has frozen the market," said Robert Frick, corporate economist at Navy Federal Credit Union in Vienna, Virginia. Economists polled by Reuters had forecast home sales would slide to a rate of 3.90 million units. Existing home salesTIGHT SUPPLYThere were 1.15 million previously owned homes on the market last month, down 5.7% from a year ago. Most homeowners have mortgage rates under 5%, making many reluctant to sell. At October's sales pace, it would take 3.6 months to exhaust the current inventory of existing homes, up from 3.3 months a year ago.

Persons: Sarah Silbiger, Robert Frick, Freddie Mac, Lawrence Yun, Yun, Jeffrey Roach, Lucia Mutikani, Paul Simao Organizations: REUTERS, WASHINGTON, National Association of Realtors, Navy Federal Credit Union, homebuyers, Reuters, Treasury, realtors, U.S, Congress, Builders, LPL Financial, Thomson Locations: Washington , U.S, Vienna , Virginia, Northeast, West, Midwest, Charlotte , North Carolina

☆ From construction workers to electricians, these are the infrastructure jobs set to boom in the next few years
▼ + stars: | 2023-11-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Insider looked at employment projections for work related to construction and infrastructure. Both white-collar and blue-collar jobs are poised to boom, with demand for construction laborers and truck drivers, as well as business services. President Joe Biden is also behind the need for more infrastructure construction. Construction and infrastructure jobs are growingConstruction laborers are projected to see employment growth of 61,900 from 2022 to 2032. This job typically requires a postsecondary nondegree award for entry and long-term on-the-job training for competency.

Persons: —, Hannah Jones, Joe Biden, Kit Dickinson, Ed Brady, remodelers, Carpenter, Dickinson, Nela Richardson, Brady, Organizations: Service, Law, Georgetown University Center, Education, Workforce, Bureau of Labor Statistics, Home Builders Institute, National Association of Home Builders, BLS

☆ Indian rescuers still 40 metres away from workers trapped in collapsed tunnel
▼ + stars: | 2023-11-17 | by ( Saurabh Sharma | ) www.reuters.com time to read: +1 min

Police officers stand guard next to a barricade past the entrance of a tunnel where 40 road workers are trapped after a portion of the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 16, 2023. Acquire Licensing RightsSILKYARA, India, Nov 17 (Reuters) - Rescuers drilled about one-third of the way into the debris of a collapsed highway tunnel in India by Friday morning to reach 40 workers trapped inside for five days, officials said. Drilling had penetrated through about 21 metres (70 feet) of debris, Devendra Singh Patwal, a disaster management officer, told Reuters. Another officer with the rescue team inside the tunnel said the trapped men were doing fine. A rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 40 workers who are stuck inside following a landslide.

Persons: Shankar Prasad Nautiyal, Devendra Singh Patwal, Narendra Modi's, Saurabh Sharma, Tanvi Mehta, Raju Gopalakrishnan Organizations: REUTERS, Reuters, Authorities, Thomson Locations: Uttarkashi, Uttarakhand, India, Char

☆ Madeleine Carroll portrait, first 'Hitchcock Blonde', headed to auction
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

"Mrs Philip Astley, nee Madeleine Carroll", a portrait of the actress Madeleine Carroll by the artist Philip Alexius de Laszlo, is seen on display at Christie's auction house in London, Britain November 15, 2023. NO ARCHIVES Acquire Licensing RightsLONDON, Nov 15 (Reuters) - A portrait of actress Madeleine Carroll, who was considered the first "Hitchcock Blonde", is headed for auction next month, with a price estimate of around $60,000 - $87,000. Hungarian artist Philip Alexius de Laszlo painted the portrait in 1935, the same year Carroll starred in Alfred Hitchcock's spy thriller film "The 39 Steps". The portrait, called "Mrs Philip Astley, née Madeleine Carroll", will be offered at Christie's British & European Art sale on December 14 during its "Classic Week" in London, with a price estimate of 50,000 - 70,000 pounds ($62,285 - $87,200). ($1 = 0.8028 pounds)Reporting by Marie-Louise Gumuchian and Madhurima Dutta, Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Philip Astley, nee Madeleine Carroll, Madeleine Carroll, Philip Alexius de Laszlo, Will Russell NO, Carroll, Alfred Hitchcock's, née Madeleine Carroll, de Laszlo, Peter Brown, Marie, Louise Gumuchian, Madhurima Dutta, Alexandra Hudson Organizations: REUTERS, European, Reuters, Alexandra Hudson Our, Thomson Locations: London, Britain, Hungarian, Christie's

☆ Liverpool's Diaz meets father first time since latter's kidnapping
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

[1/4] Luis Manuel Diaz, father of Liverpool player Luis Diaz, arrives to attend a thanksgiving mass at Santa Marta church, after he was freed by Colombia's National Liberation Army (ELN), in Barrancas, Colombia November 12, 2023. NO ARCHIVES Acquire Licensing RightsNov 14 (Reuters) - Liverpool and Colombia winger Luis Diaz has reunited with his father for the first time since the latter's kidnapping ordeal, the Colombian football federation said on Tuesday. Luis Manuel Diaz, 58, was released on Thursday by the leftist National Liberation Army (ELN) 12 days after he was taken hostage on Oct. 28 in Barrancas, a rural municipality where he lives in the northern province of La Guajira. The Colombian FA shared pictures of the father and son's emotional reunion on X, formerly known as Twitter, with the caption "we are family." Diaz's father has said he would remain in Colombia despite his difficult kidnapping experience.

Persons: Luis Manuel Diaz, Liverpool, Luis Diaz, Chiranjit, Christian Radnedge Organizations: Colombia's National Liberation Army, REUTERS, Colombian, National Liberation Army, Liverpool, Sunday's Premier League, Brentford, Brazil, Colombian FA, Thomson Locations: Santa Marta, Barrancas, Colombia, Liverpool, La Guajira, Bengaluru

FRANKFURT, Germany (AP) — Adidas said it might have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West. The company included the possible write-off of the remaining Yeezy inventory in its outlook Wednesday for its earnings this year, narrowing its expected loss to 100 million euros from an earlier prediction of 450 million euros, thanks in part to the earlier two releases of Yeezy shoes. CEO Bjorn Gulden, who took over after the Yeezy breakup, is leading an effort to recover from the loss of the profitable Yeezy business. He declined to say what the company would do with the shoes if they remain unsold. The breakup with Ye left the company, based in Herzogenaurach, Germany, with 1.2 billion euros worth of unsold Yeezys and searching for a responsible way to dispose of them.

Persons: —, Ye, Philonise Floyd, George Floyd, Bjorn Gulden, Gulden, ” Organizations: — Adidas, Kanye, Adidas, Defamation League, Keeta Floyd Institute for Social Locations: FRANKFURT, Germany, Israel, Gaza, Herzogenaurach

☆ Morocco unearths Roman-era second century site in Rabat
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

[1/5] A view shows what Moroccan archeologists said is a Roman-era archeological site that they uncovered in Rabat, Morocco November 3, 2023.REUTERS/Ahmed El Jechtimi NO RESALES. NO ARCHIVES Acquire Licensing RightsRABAT, Nov 3 (Reuters) - Moroccan archaeologists said on Friday they uncovered a Roman-era site in Rabat containing a port district, a bath and a cemetery dating back to the second century. The Roman-era bath spans over 2000 square meters (21,527 square feet) resembling imperial counterparts in Rome, he said. Archaeologists also found a second century headless statue of a Roman deity, he said, noting that when ancient Moroccans adopted Christianity around the fifth century it was a common practice to behead statutes representing Roman gods. The newly uncovered monuments are an extension of a nearby Roman-era site and tourist attraction, Chellah, where the Muslim Marinide dynasty built a fortified necropolis in the 13th century.

Persons: Ahmed El Jechtimi, Mauro, Abdelaziz El Khayari, Ahmed Eljechtimi, Josie Kao Organizations: REUTERS, Thomson Locations: Rabat, Morocco, RABAT, Rome

Erin Patterson speaks to the media outside her home in Leongatha, Victoria, Australia in a screengrab obtained on November 3, 2023, AAP/Nine News via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. Patterson, 49, is charged with three counts of murder and five of attempted murder, according to court documents. Local media reported Don and Gail Patterson were the parents of Erin Patterson's ex-husband Simon Patterson, who was also present at the lunch. The mysterious deaths have gripped Australia, where deaths from eating mushrooms are relatively rare. "Anyone who collects and consumes wild mushrooms of unknown species is putting themselves at risk of potential poisoning and serious illness," the state's health department said.

Persons: Erin Patterson, Patterson, Don Patterson, Gail, Heather Wilkinson, Don, Gail Patterson, Erin Patterson's, Simon Patterson, Ian, Dean Thomas, Alasdair Pal, Raju Gopalakrishnan Organizations: Nine, ZEALAND, Melbourne . Local, Police, Thomson Locations: Leongatha, Victoria, Australia, AUSTRALIA, SYDNEY, Melbourne ., Sydney

☆ Facts about Russia's republic of Dagestan
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

Acquire Licensing RightsOct 30 (Reuters) - Twenty people were injured when hundreds of anti-Israeli protesters stormed on Sunday an airport in Russia's Dagestan region before security forces closed the airport and removed the demonstrators. Here are some facts about Russia's mainly Muslim republic of Dagestan, where waves of violence have erupted in the past. * A mountainous territory in the eastern part of the North Caucasus, Dagestan is Russia's most ethnically and linguistically varied region and home to at least 40 different ethnicities. A republic within the Russian Federation, Dagestan's population is about 3.2 million, according to Russia's official figures. * For almost a decade until 2017, Russian security forces were battling an armed insurgency conducted by an array of Islamist militant groups in Dagestan, neighbouring Chechnya and Ingushetia.

Persons: Shamil, Lidia Kelly, Miral Organizations: Reuters, Sunday, Russian Federation, Thomson Locations: Makhachkala, Russia, Russia's Dagestan, Dagestan, North Caucasus, Dagestanis, Nationalities, Russian, Today, Chechnya, Ingushetia, Derbent, Melbourne

☆ Turkey's Erdogan says Hamas is not a terrorist organisation
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

NO ARCHIVES Acquire Licensing RightsANKARA, Oct 25 (Reuters) - Turkish President Tayyip Erdogan, in his strongest comments yet on the Gaza conflict, said on Wednesday the Palestinian militant group Hamas was not a terrorist organisation but a liberation group fighting to protect Palestinian lands and people. "Hamas is not a terrorist organisation, it is a liberation group, 'mujahideen' waging a battle to protect its lands and people," he said, using an Arabic word denoting those who fight for their faith. Erdogan also slammed Western powers that have voiced support for Israel's retaliation against Hamas, saying "Western tears shed for Israel are a manifestation of fraud". Many of Turkey's NATO allies consider Hamas a terrorist group, and Erdogan's comments drew a swift rebuke from Italy's Deputy Prime Minister Matteo Salvini, who said they were "grave and disgusting and did not help with de-escalation". Erdogan accused Israel of taking advantage of Turkey's good intentions.

Persons: Tayyip Erdogan, Murat Cetinmuhurdar, Erdogan, Matteo Salvini, Antonio, Tajani, Salvini, Israel, Gumrukcu, Huseyin Hayatsever, Daren Butler, Gareth Jones Organizations: AK Party, Turkish, REUTERS, Rights, Palestinian, Hamas, AK, NATO, Ece Toksabay, Thomson Locations: Ankara, Turkey, Handout, Rights ANKARA, Gaza, Israel, Turkish, Gaza . Turkey

☆ US new home sales jump to 19-month high; median price falls
▼ + stars: | 2023-10-25 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

The larger-than-expected increase in sales last month reported by the Commerce Department on Wednesday showed that the new housing market continued to be supported by a chronic shortage of previously owned houses. That is leading to very different dynamics in different parts of the housing market." New home sales are counted at the signing of a contract, making them a leading indicator of the housing market. The National Association of Home Builders reported last week that about a third of builders reported cutting home prices in October, a 10-month high, with the average price discount at 6%. The housing market likely stabilized in the third quarter, thanks to strong homebuilding and new home sales.

Persons: Sarah Silbiger, Bill Adams, resales, Freddie Mac, Dan Hnatkovskyy, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, U.S, Commerce Department, Comerica Bank, Reuters, Midwest ., National Association of Home Builders, Thomson Locations: Washington , U.S, WASHINGTON, Dallas, Northeast, West, Midwest

☆ Estonia asks China for cooperation over severed Baltic Sea telecom cables
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: 1 min

Finnish Navy Deep Divers support to civilian authorities in the investigation of the gas pipe damage in the Gulf of Finland, in this undated handout. Finnish Navy/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. Acquire Licensing RightsVILNIUS, Oct 23 (Reuters) - Estonia has contacted Chinese authorities in the investigation into the cause of how two Baltic Sea telecom cables were severed, the Estonian foreign ministry said on Monday. "Estonia has been in contact with Chinese authorities to encourage cooperation concerning the investigation", a ministry spokesperson said in an email to Reuters. He added that Estonia wanted to encourage "any cooperation necessary for the investigation".

Persons: Andrius Sytas, Terje Solsvik Organizations: Navy, REUTERS, Rights, Baltic, Reuters, Thomson Locations: Gulf of Finland, Rights VILNIUS, Estonia, Estonian

☆ Turkey's Erdogan submits Sweden's NATO bid to parliament for ratification -presidency
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

Turkey's President Tayyip Erdogan addresses lawmakers from his ruling AK Party at the Turkish Parliament in Ankara, Turkey October 11, 2023. NO ARCHIVES./File Photo Acquire Licensing RightsANKARA, Oct 23 (Reuters) - Turkish President Tayyip Erdogan on Monday submitted a bill approving Sweden's NATO membership bid to parliament for ratification, the presidency said, in a move welcomed by Stockholm that clears the way for it to join the Western defence alliance. "The Protocol on Sweden's NATO Accession was signed by President Recep Tayyip Erdogan on October 23, 2023 and referred to the Grand National Assembly of Turkey," the presidency said on social media platform X without elaborating. Finland's membership was sealed in April, in a historic expansion of the alliance, but Sweden's bid had been held up by Turkey and Hungary. Erdogan has previously linked Sweden's NATO bid to U.S. support for its request.

Persons: Tayyip Erdogan, Erdogan, Sweden's, Recep Tayyip Erdogan, Ulf Kristersson, Kristersson, Gumrukcu, Huseyin Hayatsever, Simon Johnson, Alex Richardson, Hugh Lawson Organizations: AK, Turkish, Presidential Press, Rights, NATO, Kurdistan Workers Party, European Union, Grand National Assembly of, Sweden's, Thomson Locations: Ankara, Turkey, Rights ANKARA, Stockholm, United States, Sweden, Grand National Assembly of Turkey, Finland, Ukraine, Hungary

Acquire Licensing RightsVILNIUS, Oct 23 (Reuters) - Estonia has contacted Chinese authorities as part of its investigation into how two Baltic Sea telecom cables were severed, the Estonian foreign ministry said on Monday. Early on Oct. 8, a gas pipeline and a telecoms cable connecting Finland and Estonia under the Baltic Sea were broken, in what Finnish investigators say may have been deliberate sabotage. The incidents have stoked concerns about energy security in the wider Nordic region, prompted NATO to increase patrols in the Baltic Sea and Helsinki to contact Moscow and Beijing via diplomatic channels about the incidents. Earlier on on Monday China called for an "objective, fair and professional" investigation into the gas pipeline damage. Any threats against Russia were "unacceptable", he said in response to Latvian President's Edgars Rinkevics call for NATO to shut the Baltic Sea to shipping if Moscow were found responsible.

Persons: Dmitry Peskov, Andrius Sytas, Terje Solsvik, Barbara Lewis Organizations: Navy, REUTERS, Rights, Baltic, Reuters, NATO, China, Thomson Locations: Gulf of Finland, Rights VILNIUS, Estonia, Estonian, Finland, Baltic, Sweden, Hong, Kong, Russia, MarineTraffic, Helsinki, Moscow, Beijing, Tallinn, Latvian, Latvia

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