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EU fines Nike 12.4 mn euros over football merchandise

The EU's powerful competition authority Monday imposed a 12.5 million euro ($14 million) fine on US sports apparel giant Nike for restricting cross-border sales in Europe of jerseys and scarves of top football teams. According to the European Commission, Nike imposed illegal licensing deals...

Netanyahu in U.S. with Golan Heights recognition on tap

 Israel’s Prime Minister Benjamin Netanyahu arrived in Washington Sunday, looking for an electoral boost from Donald Trump amid expectations the U.S. president will  formally recognize Israel’s sovereignty over the Golan Heights. Trump broke longstanding international...

Apple eyes streaming services, aiming for reinvention

Apple looks to begin a fresh reinvention Monday as it rolls out Hollywood stars for its new streaming television service, part of a broad shift of direction for the California technology giant. Having seen a pullback in the once-sizzling smartphone market, Apple will seek to diversify by...

Yemen peace hanging on fragile truce

Four years after Saudi Arabia led a military intervention in Yemen to back the government against rebels, the only hope for peace in a country threatened by famine hangs on a fragile truce. Despite the Saudis entering the conflict on March 26, 2015, with a coalition composed of nine countries...