Articles by DPA
Strong growth in Chinese retail despite US trade dispute
Chinese retail sales increased by 6.4 percent year-on-year in May, despite the ongoing trade dispute with the US. This marked the strongest growth since late 2023, following a 5.1 percent rise in April. Analysts were surprised by this positive development, having forecasted a decline in growth to 4.9 percent. French bank Société Générale...
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China gives no details on tariff agreement with US
China is keeping a low profile following the agreement announced by US President Donald Trump on easing export restrictions in the ongoing trade dispute. Both sides have made new progress in resolving the other side's economic and trade concerns, said Foreign Ministry spokesperson Lin Jian in Beijing. The People's Republic hopes that both sides...
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Eurozone: retail sales rise slightly
Eurozone retail sales saw a slight increase in April. Month-on-month, revenue climbed by 0.1 percent, as reported by the European Statistical Office, Eurostat, in Luxembourg on Friday. Economists had anticipated a more substantial rise of 0.2 percent. However, sales in March had climbed by an upwardly revised 0.4 percent. Initially, a decline of...
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Amazon launches bargain portal Haul in Germany
German shoppers can now hunt for bargains on Amazon’s new portal, Haul. The new section offers items at particularly low prices, according to the company. "We know that it is important for customers in Germany to find great products at very low prices," Amazon Germany chief executive officer, Rocco Bräuniger, told the German Press Agency. Haul...
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Adidas confirms data breach, customer contact information exposed
Adidas has confirmed a cybersecurity breach in which unauthorized actors accessed personal data belonging to customers who had previously contacted the company's customer service. The compromised information primarily includes names, phone numbers, and email addresses. The sportswear giant emphasized that no passwords, credit card details, or...
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Trump grants EU postponement on threatened new tariffs
US President Donald Trump wants to postpone the introduction of the new tariffs on imports from the EU, which he announced for the beginning of June, by a good month to allow more time for negotiations. Trump announced that the start of the additional import duties of 50 percent would be postponed to July 9, after a conversation with European...
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Trump wants 50 percent tariffs on EU goods from June
In a trade dispute with the European Union, US president Donald Trump advocated for punitive tariffs of 50 percent. He wrote on his online platform, Truth Social, that this levy for goods from the EU should come into effect on June 1. “There are no tariffs if the product is built or manufactured in the US,” he added. Trump wrote that ongoing...
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Lidl and Kaufland grow: More stores, more investments
Retail chains Lidl and Kaufland opened several new stores. In financial year 2024/25, around 300 new locations were added worldwide, as announced by the Schwarz Group, to which the companies belong. This continues the expansion. In recent years, Lidl and Kaufland had steadily expanded their store network. In total, they now operate around 14,200...
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European Commission proposes regulatory relief for mid-sized businesses
Medium-sized companies are to be exempted from several EU requirements, according to a proposal by the European Commission. Among other things, this concerns exemptions under the General Data Protection Regulation and simplified regulations, which are intended to make stock exchange listings easier and less expensive, as the authority announced....
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JD Sports fashion annual profit down, but revenue increases
JD Sports Fashion PLC (JD.L), a retailer of sports, fashion and outdoor brands, Wednesday reported profit before tax of 715 million pounds for the full year, lower than 811 million pounds in the previous year. Excluding one-time items, adjusted profit before tax decreased to 923 million pounds from 966 million pounds last year. Operating profit...
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