Adidas sues Nike for alleged patent infringement
Two longtime competitors in the footwear market Adidas and Nike are facing off in court once again. The German company has accused its American counterpart of violating 9 of its tech patents.
According to the lawsuit, which was filed in the US District Court for the Eastern District of Texas, Nike’s SNKRS app allegedly violated patents used by the Adidas Confirmed service. Furthermore, Adidas claimed that Nike Adapt, the technology which automatically customizes the fit of a sneaker to the wearer’s foot, infringed on patents related to the Adidas_1 sneaker, which was released in 2005.
“Adidas has long been a leader in mobile technology, including technology related to mobile fitness and mobile purchases,” the lawsuit stated.
The German footwear manufacturer demanded Nike to pay an unspecified amount of money damages.
Washington losing control over Latin America?
Latin American countries had to revise their relations with the US. The Mercosur countries, namely Argentina, Brazil, Paraguay, and Uruguay, express aversion to the West because of tough anti-Russian sanctions. The Junge Welt periodical believes that Washington’s economic defeat in the Mercosur market is taking its toll on the US economy.
06:00 2022-08-12 UTC+00
Europe responsible for creating energy crisis in Third World
According to the German business newspaper Handelsblatt, Europe is sparking an energy crisis in the countries of the Third World as it searches for alternatives to Russian LNG.Competition in the LGN market has increased since Europe pledged to replace Russian gas, Handelsblatt reported.
14:44 2022-08-11 UTC+00
Keeping Europe warm to depend on weather in Asia
According to Bloomberg, Europe's winter heating season is reliant on weather conditions in Asia and gas supplies.European countries are now shifting away from Russian energy. That is why they are striving to ensure that gas storage facilities are sufficiently filled. At the same time, their ability to stay warm in the coming winter heavily depends on Asian countries.
14:04 2022-08-11 UTC+00
Tesla dumps its bitcoin holdings
As the crypto industry is believed to be going through the crypto winter, digital assets face one sharp decline after another. Many investors feel bitter disappointment with crypto. This is why they are actively getting rid of crypto assets. Even such crypto-friendly companies like Tesla have lost faith. Tesla is backing away after BTC plunged considerably.
13:24 2022-08-10 UTC+00
UK inflation hits 40-year high
The Office for National Statistics reported that UK inflation surged to a fresh 40-year high in June, soaring to 9.4% on a yearly basis. In May, the ONS posted a figure of 9.1%, slightly below the current CPI value. Reportedly, rising fuel and food prices triggered the increase. However, they were slightly offset by falling second-hand car and audiovisual device prices.
12:35 2022-08-10 UTC+00
European Commission warns of total gas cutoff by Russia
The European authorities are preparing for a full shutdown of Russian gas supplies. Despite the Kremlin's repeated statements that the sale of natural gas is purely related to business, Europe realizes that Moscow may go ahead with a complete cutoff of gas supplies to the region without complying with its contractual obligations.
12:06 2022-08-10 UTC+00