Articles by DPA
Customs uncertainty pushes Adidas share price down
Customs uncertainty and uncertain end markets are impacting Adidas' performance and putting pressure on the sportswear manufacturer's share price. Shares fell by more than seven percent in the DAX after the release of the company's quarterly figures. The group did not raise its forecast for operating profit (EBIT) this year, according to...
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Adidas business continues to perform well – tariffs in focus
Adidas is currently on a roll. The brand with the three stripes is enjoying consistently high demand. Sales are increasing by double digits despite the current challenging environment. Adidas is particularly successful with its retro styles. "Samba, Gazelle" and "Stan Smith" are bestsellers worldwide. The first quarter performed better than...
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EssilorLuxottica H1 revenue exceeds expectations
Eyewear group EssilorLuxottica achieved higher than expected revenue in the first half of the year. At constant exchange rates, revenue rose by 7.3 percent to over 14 billion euros compared to the same period last year. The French-Italian company announced this on Monday evening in Charenton-le-Pont. Based on current exchange rates, growth was...
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Temu under scrutiny: EU investigates potential digital law breaches
The Chinese online marketplace Temu is in breach of European digital law, according to an analysis by EU Commission experts. A preliminary assessment by the Brussels authority revealed a high risk for EU consumers encountering illegal products on the platform. The EU Commission stated that, under the Digital Services Act (DSA), Temu is obligated...
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LVMH reports revenue and profit decline
Weaker demand for wines and spirits and fashion resulted in a decline in revenue and profit for luxury group LVMH in the first half of the year. Revenue fell by 4 percent to 39.8 billion euros, as announced by the company on Thursday in Paris. Trade tensions between key markets, the US and China, impacted demand in the wines and spirits...
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Puma significantly lowers annual targets
Sportswear manufacturer Puma has significantly lowered its sales and earnings forecast for this year after a disappointing quarter. Puma now expects a loss in earnings before interest and taxes (EBIT), instead of the previously forecast profit of 445 million to 525 million euros, the company announced. The reasons cited were weaker sales...
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EU prepares retaliatory tariffs on US goods amid trade dispute
The European Union has agreed on a multi-billion pound list of potential retaliatory tariffs of up to 30 percent in the trade dispute with the US. If negotiations fail, countermeasures could quickly be imposed on US exports to the EU worth more than 90 billion euros. The Deutsche Presse-Agentur learned this from EU sources. The retaliatory...
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EU-US trade deal: Trump hints at tariff reduction if EU opens markets
US President Donald Trump has offered to lower tariffs on the import of European products if the European Union opens its market further to the US. At an AI event, Trump said of the ongoing negotiations: "If they agree to open the Union to American companies, then we will levy a lower tariff." He added that serious negotiations were underway....
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EU and Japan agree on closer cooperation
Japan and the European Union (EU) aim to further strengthen their cooperation in the areas of economic security, trade and defence. For this purpose, both sides launched a "Competitiveness Alliance" at a summit meeting in Tokyo. "We will expand our cooperation on increasing the resilience of supply chains and reducing strategic dependencies," a...
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Trump announces 'massive' trade agreement with Japan, citing reciprocal tariffs
President Donald Trump has announced a "massive" trade agreement with Japan, as stated on his platform Truth Social. Trump indicated that the two nations have agreed upon "reciprocal" tariffs of 15 percent, a reduction from his previous demand of 25 percent. This announcement reportedly led to a sharp rise in the Tokyo stock market. Trump...
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