Articles by DPA
France suspends operations of online platform Shein
France has temporarily suspended the operations of the low-cost online platform Shein. At the direction of prime minister Sébastien Lecornu, the government has initiated proceedings to suspend Shein's site until the platform can demonstrate to the authorities that all its content complies with French laws and regulations, the Ministry of Economy...
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AB Foods considers separating Primark and food business
British conglomerate AB Foods is considering separating its textile discounter Primark and its food business as part of a corporate restructuring. “Within ABF, the company has two great business divisions,” said chief executive George Weston, the grandson of the company's founder, at the presentation of annual figures on Tuesday. He noted that...
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US government suspends additional tariffs on China until end of 2026
The US will not implement its threatened retaliatory tariffs on Chinese imports until at least November 10, 2026. This is according to a White House summary of the results of the meeting between US president Donald Trump and Chinese president Xi Jinping in South Korea. The current retaliatory tariff of 10 percent will remain in effect, the US...
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Hugo Boss now sees annual targets at lower end of ranges
Fashion group Hugo Boss is taking a more cautious view of the current year. For 2025, sales and earnings before interest and taxes (EBIT) are expected to be at the lower end of the forecast ranges of 4.2 to 4.4 billion euros and 380 to 440 million euros respectively, due to economic uncertainties and negative currency effects. In the third...
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Following meeting with Trump: Xi warns of disrupted supply chains
Following a meeting with US president Donald Trump, China's head of state and party, Xi Jinping, has warned of a breakdown in supply chains. To drive economic growth, the stability of industrial and supply chains must be guaranteed, Xi said at the summit of heads of state and government of the Asia-Pacific Economic Cooperation (APEC) in...
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Puma initiates restructuring programme and cuts jobs
Sportswear group Puma SE has launched a restructuring programme to get back on track following significant sales declines. The company announced in Herzogenaurach, Germany, on Thursday that costs will be reduced in the short and medium term. To achieve this, Puma plans to cut a further 900 administrative jobs by the end of 2026. So far this...
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Bjørn Gulden details Adidas's turnaround amidst tariff headwinds
Sportswear group Adidas has managed to somewhat limit the impact of US tariffs on its international business. For the current year, CEO Bjørn Gulden now only expects losses of around 120 million euros. Previously, the German company had anticipated a negative impact of 200 million euros. The majority of this will be incurred in the fourth...
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Amazon confirms plans to cut around 14,000 office jobs
The world's largest online retailer, Amazon, is cutting around 14,000 administrative jobs. In a statement, the company attributed the cuts to organisational changes in the age of artificial intelligence. Shipping operations in Germany and other countries are not expected to be affected by the reduction in office jobs. It was initially unclear to...
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Adidas raises profit forecast after record sales
Sportswear manufacturer Adidas has become more optimistic for the year following surprisingly strong summer trading. Adidas raises forecast Operating profit is now expected to reach around two billion euros, instead of 1.7 to 1.8 billion euros, as the Dax-listed company announced in Herzogenaurach. Adidas cited better-than-expected business and...
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Trump: new tariff on Chinese imports is economically untenable
According to US President Donald Trump, the new tariffs he has threatened against China are economically unsustainable. When asked if the cumulative total tariff rate of 157 percent is sustainable for the economy and what it would mean, he said: “That is not sustainable, but that is the figure.” Trump continued in an interview with US television...
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