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UK shop price inflation strikes new record high: BRC
UK shop price inflation strikes new record high: BRC
By Andy Bruce LONDON British shop price inflation picked up this month to reach its highest rate since
2023-05-30 07:16
US Supreme Court to weigh state laws constraining social media companies
US Supreme Court to weigh state laws constraining social media companies
By Andrew Chung (Reuters) -The U.S. Supreme Court on Friday agreed to decide the legality of Republican-backed state laws in
2023-09-29 21:52
Singapore's OCBC bank says it is facing technical problems
Singapore's OCBC bank says it is facing technical problems
Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) said on Monday it is facing technical problems with its systems
2023-08-28 10:57
Elon Musk’s ‘X’ already trademarked by Mark Zuckerberg’s Meta for ‘social networking services’
Elon Musk’s ‘X’ already trademarked by Mark Zuckerberg’s Meta for ‘social networking services’
Elon Musk may face legal difficulties after rebranding Twitter to X, trademark experts have warned, with tech rivals Meta and Microsoft both owning intellectual property rights for the letter. The tech billionaire renamed the social network on Monday, nine months after taking over the company in a $44 billion deal. The name change forms part of his plan to turn the platform into an “everything app”, which will offer services akin to China’s WeChat and India’s PayTM. X chief executive Linda Yaccarino said the company wanted to “transform the global town square” to integrate payments, banking and create a “global marketplace for ideas, goods, services, and opportunities”. Before achieving this goal, however, IP lawyers claim Mr Musk’s firm may face challenges from its competitors. “There’s a 100 per cent chance that Twitter is going to get sued over this by somebody,” US trademark lawyer Josh Gerben told Reuters, noting that there are nearly 900 active US trademark registrations that already cover the letter X. These include Mark Zuckerberg’s Meta, which owns a federal trademark for a blue-and-white letter ‘X’ relating to “social networking services in the fields of entertainment, gaming and application development”. Microsoft also has registered trademarks for the letter ‘X’ relating to its Xbox video game console. Neither company responded to a request for comment. Mr Musk first owned the X.com domain in 1999, when he founded a financial services company that later went on to become PayPal. He reacquired the domain in 2017 after making a deal with his former company, before tweeting in October 2022 that buying Twitter was “an accelerant to creating X, the everything app”. It is not clear whether Mr Musk has applied for a trademark for X, but if he succeeds he may still face difficulties in protecting the registered rights against other brands using the letter. “The very essence of trade mark registration is obtaining an exclusive right to the brand that is registered,” Matthew Harris, a trademark lawyer with Pinsent Masons, told The Independent. “It may be difficult to obtain for Elon Musk under the ‘X’ rebrand, not to mention the difficulty, should he obtain registered protection, in trying to enforce any registered rights in ‘X’ against other brands using a similar name.” Read More What is Elon Musk’s ‘everything app’ X? Twitter to X: Why Elon Musk rebranded the social networking platform Twitter rebrands to X as Elon Musk loses iconic bird logo What is Elon Musk’s ‘everything app’ X?
2023-07-25 20:48
China Stock Gauge Slumps 20% From 2023 Peak as Pessimism Abounds
China Stock Gauge Slumps 20% From 2023 Peak as Pessimism Abounds
A key gauge of Chinese stocks was on track to enter a bear market as a weak economic
2023-05-30 11:18
How This Israel-Hamas Conflict Is Like Nothing That’s Happened Before
How This Israel-Hamas Conflict Is Like Nothing That’s Happened Before
The long history of the Israeli-Palestinian conflict is filled with bloodshed, dislocation and trauma. But even by those
2023-10-29 15:18
Everton close to takeover agreement with 777 Partners
Everton close to takeover agreement with 777 Partners
Everton owner Farhad Moshiri is close to reaching an agreement with American private investment firm 777 Partners over the sale of the club.
2023-09-13 17:55
In inflation-hit Buenos Aires, tango enthusiasts sway the blues away
In inflation-hit Buenos Aires, tango enthusiasts sway the blues away
Argentina's biting economic crisis cannot keep tango enthusiasts from seeking out the haunting tunes of piano and concertina music at a dwindling number of...
2023-09-06 03:24
UPS offers pilot buyouts to reduce labor costs - report
UPS offers pilot buyouts to reduce labor costs - report
(Corrects 2nd paragraph to show UPS furloughed pilots in 2010 ) LOS ANGELES (Reuters) -United Parcel Service has offered early
2023-09-01 04:59
Oil steadies on strong US dollar, mixed supply cues
Oil steadies on strong US dollar, mixed supply cues
By Natalie Grover LONDON Oil prices stabilised on Tuesday, after falling to a three-week low in the previous
2023-10-03 18:22
Orange juice prices hit all-time high amid bleak production outlook
Orange juice prices hit all-time high amid bleak production outlook
By Marcelo Teixeira NEW YORK Prices for orange juice rose on Tuesday to the highest since future contracts
2023-11-01 02:29
UK manufacturing orders fall to weakest since Jan 2021: CBI
UK manufacturing orders fall to weakest since Jan 2021: CBI
LONDON British manufacturers saw the biggest monthly fall in their orders in nearly three years this month and
2023-11-22 19:29