Israel announced the “second stage” of its war against Hamas, with Prime Minister Benjamin Netanyahu warning that the

Nearly seven months on from Adidas parting ways with rapper Kanye West, and the sportswear brand reportedly still has $1.3 billion of unsold Yeezy stock in its warehouses. The decision from Adidas to split from West - otherwise known as Ye - came back in October last year came after the 45-year-old made antisemitic remarks both in interviews and online. But now, Adidas has to decide what to do with the remaining stock of the popular shoe as the company attempts to turn its fortune around after it abruptly ended its partnership with West and his Yeezy brand, with 400 million euros ($441 million) in lost sales at the start of the year. Sign up to our free Indy100 weekly newsletter Though Adidas is "getting closer and closer to making a decision" on what to do with the sneakers and the “options are narrowing,” new CEO Bjorn Gulden said, as per Associated Press. He became in charge back in January this year, three months after Adidas terminated it's partnership with Ye. However, a decision has not yet been reached due to "so many interested parties," he added. Gulden did not confirm whether the option to destroy the shoes had been ruled out but noted that this is something it is the company is "trying to avoid." Meanwhile other options have their own downsides, since selling the shoes would mean Ye would need to be paid royalties, removing brand identification would be dishonest. Giving the shoes away for free sounds like a nice idea in theory but this could cause them to be resold at a higher market price. Gulden is also remaining tight-lipped on the exact quantity of stock that is left since he believes if consumer are aware of this number it "could have an impact on demand," as per AP. The CEO admitted losing Yeezy is "of course hurting us" and if Adidas decides not to sell the remaining shoes, it could reduce earnings by 500 million euros this year. Net sales declined 1 per cent in the first quarter, to 5.27 billion euros, and would have risen per cent with the Yeezy line, the company said. As a whole, Gulden described 2023 as a "a year of transition" with "a better ’24 and a good ’25" as the German sportswear business continues without the Yeezy brand. Elsewhere, Adidas found itself being sued by investors last week who allege the company knew about Ye’s offensive remarks and harmful behaviour years before the termination and failed to take precautionary measures to limit financial losses. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

FORT WORTH, Texas--(BUSINESS WIRE)--Jun 16, 2023--

An OnlyFans creator has caused a stir online after filming a promotional video with her brother. Camilla Araujo, who appeared on MrBeast's famed Squid Game challenge, took to social media with the clip that shows her asking her younger brother what it feels like to have a sister that is on the adult platform. "My friends always ask me if it’s pink, and I don’t really know what they mean by that," the brother responded. The clip was soon shared to X (formerly known as Twitter) where it was inundated with comments from disturbed users. "She gotta go to jail for this one man," one person said, while another added: "Desperate times call for desperate measures." "He better not actually be a brother, I could never agree to do a vid like this let alone have a sister that does OF," a third said. Another quipped: "This generation is doomed" Sign up for our free Indy100 weekly newsletter Meanwhile, across the pond in London, one OnlyFans creator was bombarded with complaints for her unique advertising methods. It came after billboards promoting a NSFW page were cropping up across London, including in Harrow and Edgware, northwest London and Norwood. One resident was so outraged that they graffitied the OnlyFans advert in North Harrow with the message: "Keep porn off our streets." Another resident, who asked not to be named, said: “I am not making a moral argument for or against pornography, but rather how it is allowed to be advertised in such an unregulated way. “The use of sexualised imagery, although far from ideal, is not my main sticking point, rather, the service advertised is entirely inappropriate for a billboard visible to all. Harrow is a rural suburb of Greater London, not Soho or the red light district of Amsterdam," they continued. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

China and Australia’s improving relations should receive a boost with the planned visit of Prime Minister Anthony Albanese

ANAHEIM, Calif.--(BUSINESS WIRE)--Jun 23, 2023--

Lawyers for former a former Indiana congressman say he should be spared from prison after his insider trading conviction

TOKYO Nissan Motor will delay the start of production of its next "Kicks" SUV model in Mexico by

Argentina is preparing a set of emergency measures, including raising its key interest rates by 600 basis points

DALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--Oct 30, 2023--

An unscheduled Russian military VIP plane touched down in Pyongyang this week, days after North Korean leader Kim

Ally Financial said on Monday job cuts in various divisions of the digital banking firm will affect nearly