Mar 09, 2017 09:04 AM EST
China has granted preliminary approval for 35 new Trump-related trademarks that covers anything from hotels, golf clubs, bodyguard and concierge services among others. Nine of the Trump-related trademarks applications were approved on Feb. 27 and 26 were approved on Monday.
President Donald Trump applied for 39 trademarks in China in April 2016 despite being busy with the presidential campaign. Trump's lawyers in China told reporters that the business is simply trying to protect Trump trademark from anyone who might try to use the name to its advantage.
Alan Garten, a Trump Organization lawyer, said that the company has been "actively enforcing its intellectual property rights in China for more than a decade."
Ethics lawyers have continuously questioned Trump's business dealings, which potentially violates the Foreign Emoluments Clause and pose a conflict of interest now that he has sat as president. Other than that, Trump attracted attention last November when he attempted to secure trademarks in China after the government approved a construction-related trademark. Trump had sought trademark in China for years but it wasn't only after he got elected that such were granted.
Senator Ben Cardin, a known Democrat, finds the trademark approvals a major concern and claims that the timing was a deliberate decision by China. Garten clarified that Trump trademarks in his real estate business have been registered in China since 2011, which is years before Trump announced candidacy. "The latest registrations are a natural result of those longstanding, diligent efforts and any suggestion to the contrary demonstrates a complete disregard of the facts as well as a lack of understanding of international trademark law," Garten said in a statement released on Wednesday.
Trump was granted preliminary approval that means objections to the trademarks can be filed three months from the date the authorities release their decision. If there are no objections, then the Trump trademarks become officially registered in China. It must be noted that apart from Trump, many companies register trademarks in China only to prevent others from using the name inappropriately.
In today's digital world, more and more people are investing in cryptocurrencies. These digital tokens have exploded into popularity over the past few years, and have grown to the point that there are now nearly over 6,000 of them, according to Statista.
Following the pandemic, natural calamities, and major employment shifts, a startling new study on the online news site News Nation shows that 1 in 4 Americans don't have an emergency fund.
Generational wealth is a facet of wealth management that is often misunderstood. Labeled trust fund babies, rich kids, and lucky breaks, those who receive an inheritance from families are rare.
Social media has successfully made it to the mainstream consciousness of over half the global population. DataReportal's latest study shows that over 4.33 billion people worldwide are using some form of social networking site this year. That's why it's no wonder many tech companies are interested in investing or forming the next Facebook, Twitter, or YouTube to capture the hearts and minds of the general population.
Ease of access, freedom to choose in which to invest the money and lines of credit designed according to the needs of consumers, are some of the characteristics that have made consumer credit one of the most important financing products in the world’s market.
While researchers have suggested that individuals who base their self-worth on their financial success often feel lonely in everyday life, a newly published study by the University at Buffalo and Harvard Business School has taken initial steps to better understand why this link exists.
The younger generations are willing to put their money where their mouth is when it comes to sustainable living.
An international research team led by NUST MISIS has developed a new iron-cobalt-nickel nanocomposite with tunable magnetic properties. The nanocomposite could be used to protect money and securities from counterfeiting. The study was published in Nanomaterials.
Bank credit officers are more likely to approve loan applications earlier and later in the day, while 'decision fatigue' around midday is associated with defaulting to the safer option of saying no.
After graduating or leaving college, many students face a difficult choice: Try to pay off their student loans as fast as possible to save on interest, or enroll in an income-based repayment plan, which offers affordable payments based on their income and forgives any balance remaining after 20 or 25 years.