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.
Greek Prime Minister Kyriakos Mitsotakis visited Türkiye on Wednesday as part of a large delegation for talks with President Recep Tayyip Erdoğan....
Turkish President Recep Tayyip Erdoğan and Greek Prime Minister Kyriakos Mitsotakis oversaw the signing of seven cooperation agreements in Ankara on ...
U.S. Attorney General Pam Bondi became embroiled in a shouting match with Democratic lawmakers during a combative House Judiciary Committee hearing on...
Russia will continue to adhere to the strategic missile and warhead ceilings set under the now-expired New START agreement, provided the United States...
Day five of the Milano Cortina 2026 Winter Olympics delivered raw emotion, technical brilliance and striking alpine backdrops as athletes battled for ...
Greek Prime Minister Kyriakos Mitsotakis visited Türkiye on Wednesday as part of a large delegation for talks with President Recep Tayyip Erdoğan.
Turkish President Recep Tayyip Erdoğan and Greek Prime Minister Kyriakos Mitsotakis oversaw the signing of seven cooperation agreements in Ankara on 11 February 2026, marking a further step in efforts to stabilise and deepen ties between the two NATO allies.
U.S. Attorney General Pam Bondi became embroiled in a shouting match with Democratic lawmakers during a combative House Judiciary Committee hearing on 11 February 2026, after she refused to apologise to Jeffrey Epstein survivors seated in the room.
Russia will continue to adhere to the strategic missile and warhead ceilings set under the now-expired New START agreement, provided the United States does not exceed those thresholds, Foreign Minister Sergei Lavrov told lawmakers on Wednesday.
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 United States and Azerbaijan signed a strategic partnership in Baku on Tuesday (10 February) encompassing economic and security cooperation as Washington seeks to expand its influence in a region where Russia was once the main power broker.
Buckingham Palace said it is ready to support any police investigation into allegations that Prince Andrew shared confidential British trade documents with late sex offender Jeffrey Epstein, as King Charles expressed “profound concern” over the latest revelations.
U.S. military forces have seized a sanctioned oil tanker in the Indian Ocean after tracking the vessel from the Caribbean Sea, the Pentagon said on Monday.
“Peace is not just about signing treaties - it’s about communication, interaction and integration,” Sultan Zahidov, leading adviser at the AIR Center, told AnewZ, suggesting U.S. Vice President JD Vance's visit to the South Caucasus could advance the peace agenda between Azerbaijan and Armenia.
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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