Adidas has initiated an investigation into allegations of large-scale bribery and embezzlement by senior staff in China, following a whistleblower complaint that claimed millions of euros were involved.
Legal & Regulatory
Tesla Files $1 Billion Lawsuit Against Ex-Supplier Matthews for Sharing Battery Tech Secrets With Competitors
Tesla has filed a lawsuit accusing former supplier Matthews International of stealing and using its electric vehicle battery manufacturing secrets, seeking over $1 billion in damages.
Iceland Proposes Tourism Tax Revision to Manage Overtourism and Preserve Natural Sites
Iceland will revise its tourism tax system and introduce dynamic pricing at popular sites like Geysir to manage overtourism.
China Targets European Pork Imports in Retaliation for EV Tariffs
China has initiated an investigation into EU pork prices following complaints of unfair competition as a possible retaliation as it coincided with the EU's tariffs on Chinese electric vehicles.
Chinese Citizens Banned From Buying Properties in Florida Over Espionage Threat
Florida's new law bans Chinese citizens from purchasing properties without US green cards, with Gov. DeSantis citing "espionage" prevention.
Latest News
Adidas China's executives face serious allegations of bribery and embezzlement, prompting investigations amid an 8% sales growth in the country
Shareholders intensify pressure against Toyota chairman Akio Toyoda amidst a safety test scandal, with major advisory firms urging a vote against his reappointment.
Italian authorities have arrested a Russian businessman accused of assisting the son of a Putin ally in escaping house arrest in Italy.
Coca-Cola and Starbucks have sought to re-register their trademarks in Russia to protect their intellectual property rights.
Google CEO Sundar Pichai briefly testified at the federal trial involving Ozy Media, refuting founder Carlos Watson’s claims that Google had previously attempted to acquire the company.
Elon Musk's Neuralink being sued for pressuring an employee to handle monkeys infected with the Herpes B virus.
Federal investigators are probing a Southwest Airlines Boeing 737 Max 8's odd rolling motion during a May flight.
A federal judge in Arkansas ruled that the lawsuit filed by 17 Republican states challenging the Equal Employment Opportunity Commission lacked standing.
Meta Platforms has postponed the European launch of its AI models after the Irish privacy regulator advised against using data from Facebook and Instagram users.
