Sportswear maker Adidas on Wednesday reversed course 48 hours after asking the US Trademark Office to reject a Black Lives Matter application for a trademark featuring three parallel stripes.
"Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation's trademark application as soon as possible," the company said in a statement.
A source close to the company said the rapid about-turn was triggered by concern that people could misinterpret Adidas' trademark objection as criticism of Black Lives Matter's mission.
Adidas had told the trademark office in a Monday filing that the Black Lives Matter Global Network Foundation's yellow-stripe design so closely resembles its own famous three-stripe mark that it is "likely to cause confusion".
It sought to block the group's application to use the design on goods that the German sportswear maker also sells, such as shirts, hats and bags.
Adidas is struggling financially after ending its lucrative Yeezy shoe partnership with Kanye West over comments he made on social media and in interviews.
The sportswear firm has also ended its Ivy Park collaboration with Beyoncé according to media reports. Adidas' contract with the pop star is set to expire at the end of this year.
Dubai's Roads and Transport Authority (RTA) has collected AED 4.42 billion in digital revenue in 2024, marking a 16 per cent growth compared to the previous year.
Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has discussed ways to strengthen cooperation across various fields during talks with Emir of Qatar Sheikh Tamim bin Hamad Al Thani in Abu Dhabi.
Eight-year-old Egyptian Lily Jamal Ramadan has been honoured in Dubai for finding and handing over AED 17,000 left behind at a cinema hall to the authorities.