EU blames Amazon for phoney Louboutin adverts

Creative Media NewsFriday, 23 December 2022, 8:000

Amazon might be held liable for advertising ‘fake’ red-soled shoes, which may infringe the EU trademark of designer Christian Louboutin. Similar red-soled high heels are advertised on Amazon by unauthorized third-party sellers. According to the Court of Justice of the European Union (CJEU), Amazon could be held liable for trademark infringement. Louboutin stated that the...

Investors flock to the UK’s tech ecosystem.

Creative Media NewsThursday, 22 December 2022, 15:000

The United Kingdom has become the leading European destination for technology investment. While there has been much concern over the competitive position of the City this year, with Amsterdam surpassing London as Europe’s largest center for share trading and the value of the French stock market surpassing that of the UK, new data indicates that...

November government borrowing hits record high

Creative Media NewsThursday, 22 December 2022, 13:000

Last month’s increase in government borrowing to £22 billion was attributed to the epidemic and Russia’s invasion of Ukraine, according to Chancellor Jeremy Hunt. The government borrowed the most money in November since records began in 1993, according to official figures. According to estimates from the Office for National Statistics, net public sector borrowing, excluding...

Gamers sue Microsoft-Activision merger

Creative Media NewsThursday, 22 December 2022, 12:000

Ten gamers are suing Microsoft to prevent its merger with Call of Duty developer Activision Blizzard. The lawsuit filed in a federal court in the United States alleges that the $69 billion (£56 billion) transaction between the Xbox console manufacturer and its rival will “establish a monopoly in the video gaming business.” The complaint was...

H&M cancels Bieber line following ‘trash’ comments

Creative Media NewsThursday, 22 December 2022, 10:000

H&M has withdrawn a Justin Bieber-inspired collection after the singer called it “crap.” The 28-year-old stated that he had not authorized the collection of T-shirts, sweaters, tote bags, and phone accessories. The Sorry singer advised followers on his Instagram Story not to purchase products he said were being offered without his permission or agreement. According...

When a replacement is identified, Elon Musk will leave Twitter.

Creative Media NewsThursday, 22 December 2022, 8:000

Elon Musk has stated that he will retire as Twitter’s CEO if he finds someone “dumb enough to take the position.” The billionaire agreed to adhere to the result of a Twitter poll in which 57.5% of users voted “yes” to his resignation. He claims that he will continue to lead the software and server...

TSB was fined £48m for IT failures in 2018.

Creative Media NewsWednesday, 21 December 2022, 10:000

Since the self-inflicted PR disaster of April 2018, when a transfer of customer data to new systems went wrong, causing months of interruption for some customers, the bank claims to have revolutionized its operations. Regulators have penalized TSB £48.65m for “operational resilience shortcomings” relating to its huge IT meltdown in 2018, which prevented millions of...

Sam Bankman-Fried is extradited.

Creative Media NewsWednesday, 21 December 2022, 9:000

Sam Bankman-Fried, the former CEO of the bankrupt cryptocurrency exchange FTX, has accepted to be extradited to the United States to face charges. US authorities have accused the 30-year-old Bahamian resident of perpetrating “one of the worst financial frauds in US history.” Bankman-Fried, who denies the allegations, has consented to his extradition. FTX has filed...

Only blue tick users can vote in Elon Musk’s policy Twitter polls

Creative Media NewsWednesday, 21 December 2022, 7:000

Elon Musk has stated that Twitter will only permit blue-checked accounts to vote on policy changes when a majority of users voted for him to step down. Mr. Musk conducted a Twitter poll asking if he should resign as CEO; 57.5% of individuals responded positively. Since then, he has not directly commented on the poll’s...

Shapps orders oligarch-backed firm to sell UK internet provider on security grounds

Creative Media NewsWednesday, 21 December 2022, 6:000

The investment business that owns Upp asserts that it has taken significant measures to separate itself from its sanctioned stockholders. National security concerns prompted the business secretary to order an investment group backed by sanctioned Russian oligarchs to sell regional broadband provider Upp. Grant Shapps found that LetterOne, often known as L1, posed a threat...

Etsy: No quick toilet paper

Creative Media NewsTuesday, 20 December 2022, 10:000

You’d expect an e-commerce executive to guarantee that your next shipment will arrive within hours or even minutes in a world where we’re all accustomed to acquiring things quickly. Josh Silverman, chief executive officer of Etsy, denies parallels to Amazon Prime. “Toilet paper and socks are required. I want it to arrive immediately “He said....

Elon Musk will quit Twitter if he follows his own poll.

Creative Media NewsTuesday, 20 December 2022, 0:000

Late in October, the entrepreneur purchased the site for $44bn, but his brief tenure has been chaotic. Elon Musk will resign as Twitter CEO if he honors his promise to accept the results of a user-conducted referendum over his term. The owner of Tesla and SpaceX initiated his poll just after 11 pm UK time,...

Most Popular

Most Popular

categories

Highlights

Highlights

Business News

Grid News

Latest Post

Useful Links

Latest News

Latest Business News