The British Advertising Standards Authority (ASA) has banned advertisements from adidas, Calvin Klein, and Uniqlo for potentially misleading consumers about the use of recycled materials. The watchdog determined that the brands' claims regarding 'recycled' clothing and footwear were deceptive.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
AkzoNobel reported steady quarterly revenue of 2.5 billion euros and profit of 388 million euros, helped by price hikes and currency effects. The company is proceeding with its merger with American firm Axalta, which will result in a new entity named Axanzo and a move to the New York Stock Exchange.
The BBC will discontinue linear broadcasts for BBC Three, BBC Scotland, and BBC Radio 4 Extra by 2027 while moving their content to digital platforms. Additionally, the broadcaster is cutting over one hundred jobs in its news division to achieve 5.5 million pounds in savings.
Elon Musk is investigating the possibility of merging his companies Tesla and SpaceX to capitalize on shared technological efforts in AI and chip production. While Musk believes the merger could offer significant strategic advantages, the proposal remains in an exploratory phase and would ultimately require approval from shareholders.
Netflix reported an 11.8 percent revenue increase in the third quarter, though this growth rate is lower than the previous year due to rising competition from rival streaming platforms. Despite the slower growth, the company successfully increased its quarterly profit to 3.7 billion dollars and continues to serve 325 million subscribers globally.
The Amsterdam city council has delayed voting on tax regulation changes after officials discovered that outdated versions of the documents were inadvertently used. Finance Alderman Hendrik Jan Biemond apologized for the errors, which included technical inaccuracies in the definitions of tourist and advertising taxes, and rescheduled the vote for December.
We would like to use Google Analytics cookies to see how the site is used. They are optional — decline and no cookies are set. Privacy Policy