‘True David and Goliath battle’: Oatly loses UK trademark dispute to Glebe farm August 5, 2021 British oat milk producer Glebe Farm has today won a trademark infringement case brought against it by celebrity-backed oat drink giant Oatly. Glebe Farm was accused by Oatly, which boasts Oprah Winfrey as one of its investors, of trademark infringement and passing off, after the family-run business used the brand PureOaty on their gluten-free oat [...]
China tech crackdown: From Jack Ma’s disappearance to online tutoring debacle August 5, 2021 Chinese technology giants once seemed untouchable, with billions of profits through aggressive expansion. But that status is now more uncertain after a year of Beijing’s sweeping regulatory crackdowns that have spread like wildfire across sectors. The saga started last October when Chinese billionaire Jack Ma, who founded e-commerce behemoth Alibaba, criticised China for lacking a [...]
India’s financial crime watchdog looks to fine e-commerce giant Flipkart $1.3bn August 5, 2021 India’s financial crime watchdog is looking to fine Walmart-backed e-commerce giant Flipkart $1.35bn over claimed foreign investment violations, according to reports. The Enforcement Directorate agency has been investigating retail heavyweights like Flipkart and Amazon for allegedly bypassing laws that regulate multi-brand retail and restrict them to operating a marketplace for sellers, Reuters first reported citing [...]
Switched off: Nintendo sales tumble as lockdown gaming boom recedes August 5, 2021 Nintendo, which welcomed a frenzy for its newest console the Switch last year, has seen hardware sales tumble 21.7 per cent as the lockdown gaming boom receded amid lifting restrictions. The Japanese gaming giant posted record profits last year but has today reported that its software sales were down 10.2 per cent year on year. [...]
London hailed as world’s ‘city of choice’ in quality of life report August 4, 2021 London has topped the rankings out of 80 cities around the globe for a higher quality of life and social capital, according to a new report. The mammoth survey by Boston Consulting Group analysed responses from 25,000 residents in 80 cities around the world and using over 150 metrics. The UK’s capital won the title [...]
EU carbon tax plans ‘discriminates against countries like Australia’, energy minister says August 4, 2021 The European Union seeking to impose a carbon tax on imports would be detrimental to Australia’s export industry, its Australian energy and emissions reduction minister has warned. The minister, Angus Taylor, urged against a “new wave” of European protectionism that would significantly bruise Australia’s export industry – on which a large portion of its economy [...]
Hearty: Kraft Heinz carried by packaged meal demand as it reinstates dividend August 4, 2021 Food giant Kraft Heinz has been carried by strong demand for snacks and packaged meals which has boosts sales and profits, pushing it past analyst forecasts. Kraft Heinz recorded net sales of $6.6bn in its second quarter to 26 June – inching past estimates of $6.5bn. The Chicago-based group is also set to reinstate a [...]
European Commission urges US travel ban to be lifted for Europeans August 4, 2021 European Commission President Ursula von der Leyen, has demanded Washington lift entry restrictions for European citizens in an interview with German outlet RND published today. “We insist that there are comparable rules for travellers in both directions. The epidemiological situation in the US and the EU today is very similar,” said the EU Commission President. “We [...]
EU pushes ahead with plan to levy border fee on Brits: Will the UK reciprocate? August 4, 2021 The European Commission has confirmed its plans to charge €7 (£6.20) to travellers visiting Europe from non-EU states, including British citizens. The fee will apply with the introduction of a European Travel Information and Authorisation System (ETIAS) before the end of 2022. It will be a one-off fee valid for multiple entries over three years, [...]
Ever Given docks in Felixstowe after blocking Suez Canal August 3, 2021 Ever Given finally docked at the Port of Felixstowe on Tuesday after blocking the Suez Canal earlier this year. The ship was stuck for six days in the major shipping lane in Egypt, causing mass disruption to the global supply chains in April. Ever Given’s mooring at the Port of Felixstowe today has attracted dozens [...]