Reuters

LONDON (Reuters) - Alaska Airlines on Tuesday lost an appeal in an approximately $160 million trademark case with Virgin Group, after a London court last year ruled Virgin was entitled to royalties even though the U.S. airline no longer uses the Virgin brand.

Virgin units Virgin Aviation TM Ltd and Virgin Enterprises Ltd successfully argued Alaska is liable to pay a roughly $8 million "minimum royalty" payment every year until 2039.

It... (continue reading...)

By Isla Binnie

NEW YORK (Reuters) - A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions.

The report is the first of its kind produced by the Republican-led Judiciary Committee in the House of Representatives since it launched an investigation in late 2022 into... (continue reading...)

By David Lawder

WASHINGTON (Reuters) - The World Bank on Tuesday said the U.S. economy's stronger-than-expected performance has prompted it to lift its 2024 global growth outlook slightly but warned that overall output would remain well below pre-pandemic levels through 2026.

The World Bank said in its latest Global Economic Prospects report that the global economy would avoid a third consecutive drop in real GDP growth since a major... (continue reading...)

MOSCOW (Reuters) - Russian marine specialists are racing to save a humpback whale which has become entangled in a fishing net north of the Arctic circle.

Video shot by a marine biologist shows the whale, who has been named Stanislav, with some sort of net and rope wrapped tightly around its body near the flippers.

After tourists on the Kola Peninsula, in Russia's far north, spotted the stricken mammal, biologists searched over 120 km (75... (continue reading...)

(Reuters) - Market intelligence platform AlphaSense said on Tuesday it had raised $650 million in its latest funding round, increasing its valuation to $4 billion.

The funding round was co-led by investment firm Viking Global Investors and merchant bank BDT & MSD Partners. It included participation from existing investors Alphabet's CapitalG and Goldman Sachs Alternatives.

New investors J.P. Morgan Growth Equity Partners, SoftBank's... (continue reading...)