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Adidas U-turns on Black Lives Matter trademark logo

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The Sneaker company originally believed the BLM logo was too similiar to theirs

Adidas has did a hasty U-turn and dropped a bid to stop Black Lives Matter registering a trademark, which it said was similar to its own three stripes.

Adidas said the group’s yellow-stripe design would create confusion – especially on goods that it also sells, such as hats and t-shirts.

The German sportswear giant had filed a request to the U.S. Trademark Office earlier in the week seeking to block registration of the logo.

Adidas says it has been using its own three-stripe design since 1952.

It has filed over 90 lawsuits and signed more than 200 settlement deals related to the trademark just since 2008.

That’s according to court documents filed in a case against designer Thom Browne.

A jury in that case decided Browne’s stripy designs did not violate Adidas’s trademark rights.

The Black Lives Matter Global Foundation is the most prominent entity in the decentralised movement, which campaigns to stop police violence against Black people.

It applied for a federal trademark in November 2020 for use on a variety of merchandise and publications.

Adidas gave no reason for dropping its objection to the logo.

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Fed’s signal a “No landing” scenario for the U.S. economy

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A “No landing” scenario for the US economy has become more plausible following a significant jobs surge in September.

U.S. job market surged in September with over 254,000 jobs added, surpassing the 150,000 forecasts July and August job numbers revised upward by a combined 72,000 positions.

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Biden is “discussing” support for Israel over Iran oil strike

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The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

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Defence shares rise to record high following Middle East attacks

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Stocks retreated Tuesday, with rising tensions in the Middle East cooling investor momentum after a strong quarter.

Oil prices eased and stocks recovered some ground after initial reports, as hopes grew that damage from the attack and any Israeli response would remain limited.

This market drop underscores the delicate balance between geopolitical risk and economic optimism. #featured #trending

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