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Adidas terminates partnership with artist formerly known as Kanye West

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Adidas has ended its partnership with musician Ye following a series of offensive and antisemitic comments he made.

In a statement, Adidas said that it “does not tolerate antisemitism and any other sort of hate speech.”

The company went on to say that Ye’s recent comments and actions have been “unacceptable, hateful and dangerous” and that they violate the company’s values.

As a result, Adidas has decided to terminate the partnership immediately and stop all payments to Ye and his companies.

This isn’t the first time Ye has gotten himself into hot water with his comments. In 2018, he caused an uproar when he said that slavery was “a choice.”

He later backtracked on those comments, saying that he was misunderstood.

Ye has also been a vocal supporter of President Donald Trump, even going so far as to wear a MAGA hat during a Saturday Night Live performance. He later claimed that he was bullied backstage for his political views. Following the SNL performance, he took to Twitter to declare that he was “proud of myself.”

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Deepfakes are taking over Hollywood

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Deepfakes are the online phenomenon changing the way in which we consume and trust social media

 
Have you ever scrolled through social media and found a celebrity selling something a bit left of centre?

Chances are you have fallen victim to a deepfake.

These images and videos are a type of artificial intelligence, which promises to create doctored videos, which are almost impossible to tell apart from the real thing.

They have typically been used in pornographic clips and for celebrity endorsements.

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Debt limit dispute: will America default?

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Can U.S. lawmakers agree on the debt limit before the fast approaching deadline to avoid default?

 
The executive branch and Congress are trying to strike a deal about the debt limit as the country marches closer to defaulting.

But can President Joe Biden and Republicans come to an agreement on fiscal policy in time?

The federal government could run out of money as early as June 1. Without borrowing more there is a risk that the United States will begin defaulting on its financial obligations.

Negotiations between Speaker Kevin McCarthy and President Joe Biden at the White House continue as lawmakers are staring down a swiftly approaching deadline.

The Treasury has been warning that the government would likely default on some bills in June if Congress does not raise the debt ceiling.

Democrats have insisted on raising the debt limit without preconditions. But Republicans say President Biden and the Democrats are playing Russian roulette with America’s economy after a two-year spending binge that brought 40-year high inflation and pushed the nation’s debt to over $31-trillion.

While both sides have agreed that action is needed to reduce the deficit—each have extremely different ideas about how to do it.

Republicans are looking to cut spending levels, while Democrats have called to increase tax revenue from the ultra-wealthy and large corporations.

So, can Washington D.C. politicians broker a deal and prevent the American economy from falling off a cliff?

Mitch Roschelle, Managing Director at Madison Ventures and a Visiting Research Fellow at the University of San Diego School of Business joined us to discuss. #U.S. Politics #Mitch Roschelle #debt ceiling #Capitol Hill #Washington D.C.

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Qantas leadership change takes full flight as airfares skyrocket

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The next CEO of Australia’s high-profile airline, Qantas has a huge task ahead

After the long reign of her predecessor Alan Joyce, Vanessa Hudson inherits an airline with some key challenges ahead.

The challenges facing any CEO at the moment are high. Rising costs, tough competition, and cash-strapped customers are all part of the package when it comes to running an airline.

Qantas is one of the world’s most famous airlines.

At the height of the pandemic, the company’s results see-sawed.

However, it survived in part due to the actions of CEO Alan Joyce, and his right-hand CFO Vanessa Hudson.

Now, Alan Joyce is stepping down and Vanessa Hudson beat a field of 40 contenders for his job.

While Alan Joyce kept shareholders happy in recent times, some analysts believe he skimped on capital expenditure, leaving a multi-billion dollar hit to the new CEO.

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