Germany’s Adidas on Tuesday raised its full-year operating profit forecast, saying it had successfully offset part of the additional costs caused by higher U.S. tariffs.
The sportswear giant now expects an operating profit of around €2.0 billion (£1.7 billion) for 2025, up from its previous projection of between €1.7 billion and €1.8 billion, citing stronger-than-expected business performance.
Adidas had earlier indicated that it might raise U.S. retail prices to absorb some of the extra expenses resulting from tariffs imposed by President Donald Trump’s administration on imports, estimated to add roughly €200 million (£175 million) to its costs in the second half of the year.
The company’s popular Samba trainers, once starting at $90, now retail from $100 on its U.S. website.
For the third quarter, Adidas reported a 12% increase in revenue on a currency-neutral basis, with operating profit rising to €736 million from €598 million in the same period last year.
Adidas is scheduled to publish its full third-quarter results on 29 October.
The United States and China have reached a tentative agreement to curb the flow of chemicals used to make fentanyl, marking a rare moment of cooperati...
Deputy Chairman of Kazakhstan’s Agency for Nuclear Energy Gumar Sergazin has said that Kazakhstan stands out on the global uranium market, with rese...
Iran's Foreign Minister Abbas Araghchi and his Russian counterpart Sergei Lavrov discussed the upcoming Board of Governors session of International At...
The Hercules is old, heavily burdened and increasingly pushed into environments that expose the limits of a design born in the middle of the last cent...
Audi has revealed the car that marks its first major step into Formula One. It presented the 2026 challenger at a launch event in Munich attended by d...
The United States and China have reached a tentative agreement to curb the flow of chemicals used to make fentanyl, marking a rare moment of cooperation between the two rivals.
The Hercules is old, heavily burdened and increasingly pushed into environments that expose the limits of a design born in the middle of the last century.
Brussels Airport temporarily halted air traffic on Wednesday evening following the sighting of a possible drone near the airfield. Flight operations were suspended for about half an hour as a precautionary measure, according to Belgian air navigation service provider Skeyes.
The immersive art installation 'Biovortex' in Kyoto, Japan, created by the renowned teamLab collective, dissolves the boundaries between observer and artwork, blending art, technology, and nature in a unique way.
A source has confirmed to Anewz that all bodies of the 20 victims in the Turkish Military place crash have been recovered by search teams in Georgia's Sighnaghi municipality.
Two earthquakes centered in Cyprus on Wednesday were felt across northern and central regions of Israel, raising concerns among residents in both countries. The first tremor occurred at 11:31 a.m., with the epicenter near Paphos, Cyprus, at a depth of 21 kilometers.
Mali's Prime Minister, General Abdoulaye Maiga, sharply criticised France and Algeria on Tuesday (11 November) for allegedly supporting terrorist groups operating in the Sahel region. His comments came during the opening of the Bamako Military Exhibition (BAMEX).
Anewz correspondent Nini Nikoleishvili reports from site of crashed Turkish military plane in Sighnaghi Municipality, saying that limited visibility and rugged terrain are slowing down recovery efforts.
A new artificial intelligence breakthrough from China is stirring debate across the global tech community, with many calling it another “DeepSeek moment.”
Russia’s budget deficit reached 4.2 trillion rubles (around $51.9 billion) in the first ten months of 2025, driven by rising government spending, according to data from the Finance Ministry released on Tuesday.
Wall Street climbed sharply on Monday, with Nvidia up 5.8% and Palantir 8.8%, as artificial intelligence (AI) stocks rebound and progress in Congress raises hopes of ending the U.S. government shutdown.
Visa and Mastercard announce a $38 billion settlement with merchants over high swipe fees, including fee reductions, surcharges options, and eight-year caps on standard consumer cards, resolving a 20-year antitrust battle.
Despite promises of recovery from the new government, Germany’s economy continues to stagnate, with no signs of renewed momentum. According to the latest report from the German Chamber of Industry and Commerce (DIHK), the country still lacks the drive needed for a genuine economic rebound.
Türkiye’s benchmark BIST 100 index ended Thursday up 0.94%, closing at 11,073.27 points. Opening the day at 11,029.29, the index gained 102.9 points compared with the previous close.
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