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.
U.S. envoy Jared Kushner met Israeli prime minister Benjamin Netanyahu on Monday as attention shifts to the tougher second phase of the Gaza ceasefire...
Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev signed a Declaration on Comprehensive Strategic Partnership on Wednesday, ...
At least 37 people were killed and dozens injured after a bus plunged into a ravine in the Arequipa region of southern Peru, local authorities said on...
Two earthquakes centered in Cyprus on Wednesday were felt across northern and central regions of Israel, raising concerns among residents in both coun...
China’s carbon dioxide emissions have remained flat and slightly declined over the past 18 months, according to new analysis for climate publication...
Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev signed a Declaration on Comprehensive Strategic Partnership on Wednesday, marking a significant step in enhancing the bilateral ties between the two nations.
Opposition figures are accusing Brazilian President Luiz Inácio Lula da Silva and Pará Governor Helder Barbalho of facilitating the sale of the Amazon to China.
At least 37 people were killed and dozens injured after a bus plunged into a ravine in the Arequipa region of southern Peru, local authorities said on Wednesday.
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.
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.
Georgian Interior Minister Geka Geladze has visited the site of the Turkish military helicopter crash in Sighnaghi Municipality, near the Georgia–Azerbaijan border.
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.
Turkish President Recep Tayyip Erdogan has announced a high level delegation visit to Pakistan as part of efforts to secure a lasting ceasefire between Kabul and Islamabad.
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.
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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