Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Meta has 30 days to stop using the name Threads

Published

on

Threads Software Limited, a small tech company, has issued a stern ultimatum to Meta, the parent company of Instagram.

They demand that Meta cease using the service name “Threads” within the next 30 days, citing trademark infringement concerns.

This legal dispute stems from Meta’s recent rebranding of some of its services, including Instagram’s messaging app, which they renamed “Threads.”

Threads Software Limited claims they own the trademark rights to the name “Threads” and that Meta’s use of it infringes upon their intellectual property.

Meta, previously known as Facebook, has not yet responded publicly to this ultimatum. Legal experts speculate that a resolution may involve negotiations, a rebranding effort by Meta, or potentially a legal battle if an agreement cannot be reached.

In the coming weeks, it remains to be seen how this high-stakes standoff between a tech giant and a smaller company will unfold. The outcome could have significant implications for intellectual property rights in the tech industry and may set a precedent for similar disputes in the future.

Continue Reading

Money

France receives lowest credit rating due to crisis

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

Published

on

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

video
play-sharp-fill
In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.

The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.

Political Instability

The new prime minister faces a divided parliament and must secure budget approval by October 7.

The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.


Download the Ticker app

Continue Reading

Money

Trump moves to fast-track removal of Fed governor Lisa Cook

Published

on

The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

Continue Reading

Money

ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

Published

on

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


Download the Ticker app

Continue Reading

Trending Now