live U.S. considers Iranian assets for Gulf rebuilding as war enters 100th day
The U.S. plans to seek the redirection of Iranian assets to Gulf states to help fund reconstruction and repairs for damage attributed to Iran, a sourc...
Adidas shares rose after Kenya’s Sebastian Sawe delivered a historic performance at the London Marathon on Sunday (26 April), becoming the first athlete to run an official marathon in under two hours.
Adidas shares were up around 2% in morning trading following Sawe’s performance, although the stock remains down over the year amid broader concerns over tariffs and global macroeconomic pressures.
The share price reaction reflects renewed investor interest in Adidas’ elite performance segment, which has been competing directly with rival Nike in the high-end “supershoe” market.
Sawe completed the race in 1:59:30, breaking the previous world record of 2:00:35 set by the late Kelvin Kiptum in Chicago in 2023. The performance immediately drew attention not only for its sporting significance but also for its commercial impact on the footwear industry.
Adidas claims the Adizero Adios Pro Evo 3 racing shoes are “supershoes” designed with ultra-light materials and carbon-plated technology.
The company said the shoe, weighing around 97 grams, delivers a reported 1.6% improvement in running economy, placing it among the most advanced racing models on the market.
“The Adidas family is incredibly proud of Sebastian and Tigist’s historic achievements,” said Patrick Nava, general manager at Adidas Running.
“This is a testament to the years of hard work and dedication they have made, alongside our innovation team.”
The performance also saw strong results from other elite athletes using the same model, with Ethiopia’s Yomif Kejelcha finishing second in his marathon debut and Tigist Assefa setting a new women-only world record.
The Adizero Adios Pro Evo 3 is set for limited release via the Adidas app, with wider availability expected during the autumn marathon season, although its $500 price tag places it beyond most recreational runners.
Armenia heads to the polls on 7 June in a key parliamentary vote seen as a test of its democratic reforms and future political direction. Prime Minister Nikol Pashinyan is seeking re-election amid domestic polarisation, security challenges and regional diplomatic tensions.
Armenian authorities arrested six candidates from the pro-Russian Strong Armenia bloc on Saturday, one day before voters were due to take part in parliamentary elections.
More than 6,000 people gathered outside a vote-counting centre in Seoul on Friday night, demanding this week’s local elections be repeated after ballot shortages left some voters unable to cast their ballots.
Azerbaijan's Foreign Ministry has confirmed the number of casualties its citizens suffered as a result of the 5 June drone attacks on the cargo ships Natra and Zircon in the Sea of Azov. In a statement, it said four Azerbaijani citizens were killed and four others were injured.
The U.S. said it struck Iranian radar sites on Qeshm Island and in Goruk after intercepting four drones, while Iran's Revolutionary Guards said they launches retaliatory strikes on four tankers in the Strait of Hormuz and targeted U.S. bases in the Gulf.
Chinese carmakers are rapidly reshaping the global automotive market, with record exports, soaring electric vehicle sales and growing investments overseas putting pressure on established European, Japanese and U.S. rivals.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despite global efforts to diversify, according to a new survey by the EU Chamber of Commerce.
BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
The dual-class share structure outlined in SpaceX’s initial public offering (IPO) filing, which gives chief executive Elon Musk outsized control, has reignited one of Wall Street’s longest-running debates over corporate governance.
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