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Birkenstock Targets Counterfeiters in India with Court-Backed Factory Raids

German footwear giant Birkenstock has launched a major legal offensive in India to combat the growing trade in counterfeit sandals. Following an internal investigation that uncovered fake Birkenstock products being manufactured in and around Agra, the company filed an infringement lawsuit in the Delhi High Court in May. The court responded swiftly. On May 26, Judge Saurabh Banerjee authorized ten court-appointed commissioners to conduct surprise inspections of suspected factories in Agra and New Delhi. These visits, now completed, resulted in the seizure and sealing of allegedly fake products bearing Birkenstock branding. The judge noted that the counterfeit sandals were nearly indistinguishable from genuine ones, posing a serious risk of deceiving consumers. The next hearing in the case is scheduled for October 6. Birkenstock’s crackdown comes amid a broader wave of intellectual property enforcement in India’s footwear industry, with brands like Crocs and Prada also pursuing legal act...
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Fed Expected to Keep Interest Rates Unchanged Amid Speculation of Future Cuts

 


The Federal Reserve is expected to keep its key short-term interest rate unchanged in the near future, according to recent reports. This comes as inflation is inching closer to the Fed’s 2% target, and policymakers are facing hopes that they will make a decisive shift in policy and cut interest rates next year.

The decision to leave interest rates unchanged is likely to be welcomed by investors, who have been concerned about the impact of rising interest rates on the economy. However, some analysts have speculated that the Fed may eventually cut interest rates in response to slowing economic growth.

In the meantime, the Fed’s decision to keep interest rates steady is expected to provide some stability to the markets. Investors will be watching closely for any signs of a change in policy, but for now, it appears that the Fed is content to maintain the status quo.


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