OpenCalais Metadata: Ticker


Culture Minister deems Netflix’s Alexander the Great as ‘low quality fiction’

A Netflix series about Alexander the Great is "fiction of extremely poor quality, lowly content and full of historical inaccuracies," Culture Minister Lina Mendoni said on Wednesday.
The series "The Making of a God" stirred controversy in Greece as it touched upon a sensitive topic, as it featured a homosexual relationship between Alexander the Great and Hephaistion.

Higher costs dent Nike profits

Nike reported a drop in quarterly profits on June 30 despite higher sales due to the drag from increased costs and the liquidation of unwanted merchandise.

The sports giant reported profits $1.0 billion for the quarter ending May 31, down 28 percent from the year-ago period.

Revenues rose 5 percent to $12.8 billion.

A deep current surfaces

Undetected by our political radar, the meteorite "Democratic Patriotic Movement Victory" crashed onto Parliament's doorstep in Sunday's elections. And even then, it was as if no one could believe what the charts were showing in TV panel discussions. There was hardly any mention of the newly established party.

US lawmakers query firms over Uyghur rights concerns

Multiple groups of U.S. lawmakers have sought reassurances this week about clothing giant Shein and other brands facing allegations their products use forced Chinese labor or material from regions where such conditions allegedly occur.

On May 2, a group of lawmakers sent letters to the CEOs of Adidas, Nike, Shein and Chinese shopping app Temu with questions about their supply chains.

Nike profits down on higher costs

Alamy Photo

Nike reported better than expected earnings on March 21 in its latest quarter, supported by strong demand although higher inventory and logistics costs weighed on its margins.

The company reported profits of $1.2 billion for the three months ending February, down 11 percent from the year-ago period, while revenues picked up 14 percent to $12.4 billion.