$Starbucks (SBUX.US)$ Food safety issues were found at over a dozen Starbucks outlets in the eastern Chinese city of Suzhou, regulators said on Tuesday, a day after the U.S. coffee chain was criticized for violations at two other outlets in another city.
$Meta Platforms (FB.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$ The Digital Markets Act (DMA), unveiled by EU antitrust chief Margrethe Vestager last December, sets out a list of dos and don'ts for U.S. tech giants designated as online gatekeepers with fines up to 10% of global turnover for violations, a global first.

$Nike (NKE.US)$ $adidas AG (ADDYY.US)$ In a complaint filed on December 8, Nike said 49 adidas products use the PrimeKnit technology, which infringes six of its patents. In response, Reuters quoted an Adidas spokesman as saying the company was analyzing the complaint and would defend Adidas against the allegations, stressing that the Primeknit technology grew out of years of research.

$Nike (NKE.US)$ $adidas AG (ADDYY.US)$ In September, Nike reported a 16% year-over-year increase in revenue to $12.2 billion in the first quarter of fiscal 2022 in its latest earnings report. In November, Adidas reported third-quarter fiscal 2021 revenue of $6.6 billion, up 3.4% from a year earlier, while operating profit fell 8.5%. Nike's revenue in China rose just 11% in the first quarter to $1.98 billion. In the third quarter of fiscal 2021, Adidas's revenue in Greater China fell 15%.

$Nike (NKE.US)$ $adidas AG (ADDYY.US)$ Nike and Adidas are speeding up their plans as the metaverse concept catches fire. In September, Nike launched its first "Nike World" in the metasverse through a partnership with video game platform Roblox. Adidas launched POAP NFT in the metasverse. It also recently partnered with cryptocurrency exchange Coinbase and metasverse gaming platform the Sandbox to establish the metasverse brand.

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