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BIZBBC News

Adidas sues Australian label White Fox over four stripes design

Photo: BBC

Adidas is suing Australian label White Fox for selling and advertising clothes with a four-striped design, arguing it is "deceptively similar" to the German brand's distinct logo.

The sportswear giant said it had repeatedly asked White Fox to stop selling and promoting the clothes since March, but the Sydney-based company refused.

The fast-fashion online retailer is popular with teenagers and young adults in Australia, the UK and the US, and has relied on billboards, bus advertising and influencers - often university-aged - to grow its profile.

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BIZThe Guardian

Microsoft suspended from applying for green cards for H-1B workers, JD Vance says

Vice-president also says Adobe is barred from visa program that allows high-skilled workers to apply for US residency Microsoft is suspended from applying for permanent residency for workers employed through a US visa program for high-skilled workers, JD Vance announced on Thursday. The US vice-president accused the tech company of abusing the H-1B system, which allows those on the visa to work while they apply and are in process for a green card.

BIZThe Guardian

Top bosses at Goldman Sachs to share bonus pot worth up to $500m

Eye-watering sum, to be split between 20 bankers, is one of the biggest payouts in the bank’s history Top bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street bank’s history. The eye-watering sum will be shared between 20 bankers, with its chief executive, David Solomon, due to take about $100m (£75.6m) of the reward, which is made up of Goldman Sachs stock.

BIZThe Guardian

Trump made ‘clear’ that media ban was due to critical coverage, court told

Lawyer for CNN, MS Now and Politico says Trump admitted he banned networks from White House over their coverage Donald Trump continues to be the strongest witness for the media companies arguing that they were unfairly barred from the White House at his direction, a lawyer representing CNN, MS Now and Politico told a federal judge on Thursday afternoon. The media coalition was in court asking the judge to extend the temporary restraining order (TRO) he issued on 24 September requiring the White House to lift the ban for 14 days. That temporary reprieve…

BIZThe Guardian

Starbucks reportedly exploring Chipotle takeover

Move would reunite chief executive Brian Niccol with chain he led before joining coffee company two years ago Starbucks has explored a takeover of Chipotle Mexican Grill, the Financial Times reported on Thursday, in a move that ⁠would reunite chief executive Brian Niccol with the burrito chain he led before joining the coffee giant two years ago. The potential deal comes as restaurant chains wrestle with uncertain demand from inflation-weary ⁠consumers and rising operating costs, prompting ⁠companies to look ​for new avenues of growth while facing…

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