Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

US Futures Edge Up as Investors Await Earnings and Fed Meeting

 

US stock futures nudged higher today as investors brace for a busy week of corporate earnings and the kickoff of the Federal Reserve’s policy meeting. Futures on the S&P 500, Dow Jones Industrial Average, and Nasdaq 100 all rose by approximately 0.2% in pre-market trading.

This week is pivotal for the markets, with major companies like Microsoft, Apple, Amazon, and Meta set to report their quarterly earnings. Investors are particularly keen to see if the substantial investments in artificial intelligence by these tech giants are beginning to yield returns.

In addition to earnings, the Federal Reserve’s policy meeting, starting today, is in sharp focus. While no change in interest rates is expected, the meeting could lay the groundwork for a potential rate cut in September, following encouraging inflation data from June.

The market’s attention is also on the July jobs report, which will be released later this week. This report, along with the Fed’s decisions and corporate earnings, will be crucial in determining whether the recent stock pullback has ended.

Stay tuned as this week unfolds, bringing significant developments that could shape the market’s direction in the coming months.


Labels:

Comments

Post a Comment