Articles by DPA
New tariffs will not take effect until August 7
New US tariffs on imports will not take effect until August 7, according to a government official, and not this Friday as previously indicated. The US government official confirmed to the German Press Agency on Thursday evening (local time) that this also applies to the 15 percent tariff on imports from the EU. US President Donald Trump had...
BusinessMemberloading...
Amazon exceeds revenue expectations but share price falls
The world's largest online retailer disappointed stock market traders with the growth of its cloud division, AWS, and a cautious profit outlook. The share price fell by 6.5 percent in after-hours trading. Amazon presented figures for the past quarter that exceeded analysts' forecasts. Revenue for the world's largest online retailer increased by...
BusinessFeaturedMemberloading...
Adidas and Puma shares weaken after critical analyst views
Shares of the two sportswear manufacturers Adidas and Puma extended their losses on Thursday. While Adidas disappointed after presenting its second quarter figures and confirmed outlook the day before, and some analysts have now lowered their price targets, Puma's shares suffered from a negative comment from Baader Bank after the publication of...
BusinessMemberloading...
US economy shows stronger than expected growth in spring
The US economy grew more strongly than expected in the spring. In the second quarter, gross domestic product (GDP) rose by an annualised 3 percent compared to the previous quarter, according to initial estimates released by the Department of Commerce in Washington on Wednesday. Economists had on average only expected an increase of 2.6 percent....
BusinessMemberloading...
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...
BusinessMemberloading...
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...
BusinessMemberloading...
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...
BusinessMemberloading...
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...
BusinessMemberloading...
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...
BusinessMemberloading...
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...
BusinessMemberloading...