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.
Ukraine’s military said on Tuesday that its forces had carried out a series of strikes targeting Russian infrastructure and assets, including two oi...
Russia has blocked access to the popular U.S. children’s gaming platform Roblox, accusing it of spreading extremist materials and promoting what it ...
Chinese Foreign Minister Wang Yi reaffirmed Beijing’s position on Taiwan during talks in Beijing on Tuesday, following recent remarks by Japan’s p...
The European Commission’s decision to grant the Black Sea Submarine Cable project the status of a Project of Mutual Interest is more than a technica...
Uzbekistan has launched an urgent environmental reform package after recent air-quality data revealed serious pollution problems, particularly in Tash...
Iran’s Foreign Minister Abbas Araghchi said the Islamic Republic has closed its security gaps after Israel and U.S. repeatedly bombed the country in June.
The European Commission’s decision to grant the Black Sea Submarine Cable project the status of a Project of Mutual Interest is more than a technical upgrade—it is a geopolitical message.
Uzbekistan has launched an urgent environmental reform package after recent air-quality data revealed serious pollution problems, particularly in Tashkent
Afghanistan’s Foreign Minister Amir Khan Muttaqi spoke to his Tajikistani counterpart Sirajuddin Muhriddin regarding the recent security crisis along their shared border.
A four-part docuseries executive produced by Curtis '50 cent' Jackson and directed by Alexandria Stapleton on Netflix is at the centre of controversy online.
Russia has claimed a decisive breakthrough in the nearly four-year war, with the Kremlin announcing the total capture of the key logistics hub of Pokrovsk just hours before United States mediators were due to arrive in Moscow.
French President Emmanuel Macron addressed critical issues surrounding Ukraine’s ongoing conflict, the role of American mediation, and European involvement during a press conference on Monday, reaffirming France’s commitment to supporting Ukraine's sovereignty and ensuring peace in the region.
Belgian police have raided the EU’s diplomatic service and the College of Europe as part of a corruption probe into an EU-funded training academy for diplomats, detaining three suspects and searching multiple premises, according to Politico.
Uzbekistan has reopened its border with Afghanistan for the first time since 2021, the country’s Chamber of Commerce and Industry announced on Tuesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
President of Turkmenistan Serdar Berdimuhamedow has signed the “On Virtual Assets” law, which will officially legalise cryptocurrency mining and exchange activities in the country from 1 January 2026.
European Union ministers will urge senior U.S. trade officials to implement more elements of the July EU–U.S. trade deal on Monday, including cutting tariffs on EU steel and lifting duties on goods such as wine and spirits.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
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