Germany’s Adidas increased its full-year profit guidance, saying it managed to cushion some of the extra expenses resulting from 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.
Russia has begun slowing down the Telegram messaging application, with Roskomnadzor, Russia’s federal communications regulator, set to implement par...
A scheduled visit to Ankara this week by Greek Prime Minister Kyriakos Mitsotakis will seek to “resolve all our problems at the table,” Ömer Çel...
The European Union is preparing a further expansion of its sanctions against Russia, with Central Asia emerging for the first time as a distinct point...
Europe heads into the Munich Security Conference, 13 February, amid deepening unease over U.S. policy, as President Donald Trump’s hard-line stance ...
Cuban aviation authorities have warned airlines of jet fuel shortages at nine airports, including Havana’s José Martí International Airport, from ...
Russia has begun slowing down the Telegram messaging application, with Roskomnadzor, Russia’s federal communications regulator, set to implement partial restrictions from 10 February, following a wave of fines and administrative cases accusing the platform of hosting illegal content.
A scheduled visit to Ankara this week by Greek Prime Minister Kyriakos Mitsotakis will seek to “resolve all our problems at the table,” Ömer Çelik, a spokesman for Türkiye’s ruling AK Party, has said.
The European Union is preparing a further expansion of its sanctions against Russia, with Central Asia emerging for the first time as a distinct point of focus.
Europe heads into the Munich Security Conference, 13 February, amid deepening unease over U.S. policy, as President Donald Trump’s hard-line stance on defence, trade and territory fuels doubts about Washington’s long-term commitment to transatlantic security.
U.S. President Donald Trump has criticised American freestyle skier Hunter Hess after the athlete said he felt conflicted about representing the United States at the Winter Olympics in Italy, sparking a public clash that highlights growing political tensions surrounding the Games.
U.S. skiing great Lindsey Vonn underwent surgery in an Italian hospital on Sunday after her attempt to win Olympic downhill gold ended in a violent crash just seconds into the race at the Milano Cortina Winter Games.
JD Vance arrived in Armenia on Monday (9 February), becoming the first sitting U.S. Vice President to visit the country, as Yerevan and Washington agreed to cooperate in the civil nuclear sector in a bid to deepen engagement in the South Caucasus.
The death toll from the collapse of two residential buildings in the northern Lebanese city of Tripoli has risen to 15, state media said on Monday, as rescue teams wrapped up search operations and officials warned that more people could still be missing.
António José Seguro’s decisive victory over far-right challenger André Ventura marks an historic moment in Portuguese politics, but analysts caution that the result does not amount to a rejection of populism.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
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