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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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Bitcoin Surges Past $82,000 Following Trump’s Election Victory

 

Bitcoin has reached an unprecedented milestone, soaring above $82,000 for the first time. This surge comes in the wake of President-elect Donald Trump’s victory, which has significantly boosted the prospects of the cryptocurrency market.

Trump’s decisive win has been met with enthusiasm from the digital asset industry, which anticipates a more favorable regulatory environment under his administration. His campaign promises included positioning the U.S. as a leader in the digital asset space, creating a strategic Bitcoin stockpile, and appointing pro-crypto regulators.

The market’s bullish sentiment has not only lifted Bitcoin but also other cryptocurrencies like Dogecoin, which saw a rise due to support from prominent Trump backer Elon Musk. Institutional investors, who had de-risked before the election, are now re-entering the market, adding to the buying pressure.

This historic rise in Bitcoin’s value underscores the growing influence of political events on the cryptocurrency market and highlights the potential for significant shifts in the financial landscape under the new administration.


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