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Swiss prosecutors investigate 53 'suspicious' FIFA cases

Jun 17, 2015 at 18:38 | Source: FirstPost

Swiss prosecutors are investigating 53 cases of possible money laundering as they look into FIFA's handling of bids for the 2018 and 2022 World Cup bids, officials said Wednesday.Attorney general Michael Lauber said the "suspicious" cases h...

FIFA sponsors Adidas, Coca-Cola, Visa and McDonald's welcome Blatter's resignation

Jun 03, 2015 at 12:51 | Source: FirstPost

NEW YORK: For FIFA's top sponsors, the resignation of Sepp Blatter is just the first step in restoring the reputation of football's governing body and regaining the fans' trust following a corruption scandal.Blatter resigned as FIFA president Tuesday...

Blatter set to win new term despite soccer corruption scandal| Reuters

May 29, 2015 at 22:16 | Source: FirstPost

ZURICH World soccer boss Sepp Blatter was expected to be re-elected on Friday, defying growing calls for him to step down in the face of corruption scandals engulfing the sport's governing body.Addressing delegates at FIFA's annual Congress in Switze...

Alibaba's latest gambit in fighting fakes: foster local brands | Reuters

May 26, 2015 at 02:15 | Source: FirstPost

PUTIAN, China Criticised and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.In the coastal ...

China slashes import tax on skincare to shoes to spark domestic demand| Reuters

May 26, 2015 at 00:45 | Source: FirstPost

SHANGHAI China will slash import tariffs on consumer goods including skincare products, Western-style clothes and diapers from June, potentially giving a fillip to global brands and bolstering domestic consumption amid faltering economic growth.The ...

Still no reforms for migrant workers' conditions in Qatar, says Amnesty International

May 21, 2015 at 15:42 | Source: FirstPost

Dubai: Qatar is failing to deliver on reforms for its migrant workers a year after the wealthy Gulf nation announced plans to improve conditions for low-paid labourers building its highways, hotels, stadiums and skyscrapers, Amnesty International has...

Adidas says will not renew NBA contract

Mar 17, 2015 at 14:40 | Source: FirstPost

Sportswear group Adidas AG will not renew its contract to supply kit to the US National Basketball Association (NBA), saying it feels it would be better to invest its money in new products and players.Adidas has been losing market share in the United...

What acquisition? InMobi CEO Naveen Tewari talks of IPO, not sell-out

Mar 12, 2015 at 16:54 | Source: FirstPost

Rubbishing a news report of an imminent takeover, InMobi chief executive Naveen Tewari today made it clear that the Mountain View-based global search engine Google is not contemplating to buy out the Indian firm.The Economic Times carried a news repo...

Clothes retailers accused of labour abuses in Cambodia

Mar 12, 2015 at 13:17 | Source: BBC

Several High Street and high-end fashion brands have been implicated in a report on labour abuses in Cambodia. Human Rights Watch says it has uncovered alleged abuses at Cambodian garment factories that supply Marks Spencer, Gap, H M, Adidas and Arma...

Is Google looking to buy Indian startup InMobi to improve its advertising platform?

Mar 11, 2015 at 13:44 | Source: FirstPost

Google is looking to buy Indian startup and mobile advertising network InMobi, says a report in Economic Times.The report says that InMobi which has been looking at a valuation of over $2 billion, had not quite managed to raise funds in the last roun...

Adidas optimistic for 2015 amid focus on U.S. market

Mar 05, 2015 at 17:30 | Source: FirstPost

BERLIN (Reuters) - German sportswear company Adidas expects robust sales and profit growth in 2015 as consumer confidence improves around the world and it redoubles its efforts in North America, where it has fallen further behind fierce rival Nike.&q...

Adidas sees sales, profit growth as golf business recovers

Mar 05, 2015 at 13:45 | Source: FirstPost

BERLIN (Reuters) - German sportswear company Adidas expects robust sales growth in 2015 as its golf business improves and consumer confidence recovers, while net profit should rise faster still despite exchange rate hits and higher marketing spending...

Beat that! Kanye West's fashion line for Adidas inspired by 2011 London riots

Feb 19, 2015 at 08:26 | Source: FirstPost

Los Angeles: Rapper Kanye West says his Adidas range was inspired by the London riots.The Black Skinhead rapper has revealed the reason he wanted to collaborate with the sports brand was to make fashionable clothing more readily available to people w...

Why Manchester United didn't sign anyone in transfer window

Feb 03, 2015 at 16:43 | Source: FirstPost

So Manchester United didn't sign anyone (significant) in the January transfer window despite being linked with Mats Hummels, Marquinhos, Aymeric Laporte, Nemanja Vidic, Diego Godin and every other well-performing centre back at a well known club. Th...

The casualties of Russia's decline

Dec 19, 2014 at 21:06 | Source: BBC

In the 21st Century, no economy is an island, entire of itself. But as Russia looks likely to enter a deep recession - fuelled by plummeting oil prices and the plunging rouble - the West has remained sanguine about the potential impact on global fina...

NY police promise to rebuild trust as protests spread

Dec 10, 2014 at 10:45 | Source: FirstPost

BERKELEY, Calif./NEW YORK (Reuters) - The head of the New York Police Department vowed on Tuesday to repair relations with poor and minority communities following the death of a suspect, even as protests over police violence flared across the United ...

NY police promise to rebuild trust as protests continue

Dec 10, 2014 at 03:15 | Source: FirstPost

BERKELEY, Calif./NEW YORK (Reuters) - The head of the New York Police Department vowed on Tuesday to repair relations with poor and minority communities following the death of a suspect, even as protests over police violence flared across the United ...

Why BCCI, ICC and Pepsi need to learn from FIFA-Coke developments

Nov 26, 2014 at 10:10 | Source: FirstPost

No amount of criticism from any quarter seems to rattle the ICC and the BCCI, both steadfastly supporting beleaguered BCCI president N Srinivasan even as the Supreme Court continues to question the way BCCI, cricket in general and the IPL is being ru...

Adidas elevates Tushar Goculdas as emerging markets brand director

Nov 24, 2014 at 18:00 | Source: VC Circle

German sportswear major adidas has appointed Tushar Goculdas as Brand Director-adidas, Emerging Markets, with effect from March 1, 2015. Goculdas, who is currently Brand Director adidas India, will be based out of Dubai as part of his new assignment....

Man United revenues down over Champions League failure

Nov 19, 2014 at 00:47 | Source: BBC

Manchester United has said that its revenue fell by 9.9% to £88.7m for the three months to the end of September. The Old Trafford club lost out on payments from Nike from failing to qualify for the Uefa Champions League. The fall in income could hav...

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