Articles by DPA
Trump declares strait of Hormuz open again
Judging by his recent statements, the struggle to open the Strait of Hormuz appears to be over for US President Donald Trump. At the White House, he stated that following a mine-clearing operation, the strait is once again navigable for ships and is “one hundred percent” controlled by the US. He added that although Iran occasionally lays a mine,...
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Puma reports further revenue decline, remains in the red
Corporate restructuring and weaker demand linked to the Middle East conflict have impacted the sportswear manufacturer Puma's sales in the second quarter. Revenue fell by almost ten percent to nearly 1.7 billion euros (1.96 billion dollars), the company announced on Friday in Herzogenaurach. The wholesale business in the American and European...
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Adidas Q2 net sales improve, lifts annual sales growth outlook; Birgit Kretschmer named CFO
Adidas AG, the German athletic apparel, footwear, and related products company, on Thursday reported a decline in net profit for the second quarter of fiscal 2026, hurt by loss from discontinued operations. However, the company recorded a rise in net sales, helped by improved demand. For the three-month period, the company reported a net income...
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Adidas stock falls to six-week low
Adidas shares remained under pressure on Friday. The downward spiral intensified, with the share price temporarily falling by 5.6 percent to a six-week low in Xetra trading. The discount most recently stood at 3.3 percent. At 170.60 euros (194.22 dollars), the shares have now fallen below the 50-day line, having already dropped below the 21-day...
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Nike To Cut Thousands Of Online Distributors In China To Strengthen Brand Control
Nike Inc (NKE) plans to cut ties with thousands of online distributors in China starting in January, as it looks to tighten control over how the brand is priced and presented online and to reignite growth in the region. From next year, Nike says it will concentrate most of its online sales on its own website and app, as well as its official...
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Richemont accelerates growth thanks to its jewellery business
Richemont continues its growth trajectory. The Swiss jewellery and watch group recorded a strong increase in turnover in the first quarter of the 2026/27 financial year, exceeding analysts' expectations. Products from the jewellery maisons Cartier and Van Cleef & Arpels continue to enjoy great popularity. The group's turnover rose by 17 percent...
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Richemont accelerates growth thanks to jewellery business
Richemont remains on a growth trajectory. The Swiss jewellery and watch group significantly increased its sales in the first quarter of the 2026/27 financial year, exceeding analysts' expectations. Products from its jewellery houses, Cartier and Van Cleef & Arpels, continue to be highly popular. The company announced on Wednesday that group...
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Tariffs: US government repays over 81 billion dollars
Following a landmark Supreme Court ruling, the US government under President Donald Trump has repaid billions in tariffs. A total of approximately 81.3 billion dollars was refunded from October 2025 to the end of June, according to data from the Treasury Department. In the same period last year, the sum was just under 5.3 billion dollars....
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Hugo Boss recommends rejecting Frasers Group's takeover bid
Fashion group Hugo Boss considers the takeover bid from major shareholder Frasers Group to be inadequate. “The offer price of 38.00 euros per share does not adequately reflect the standalone value and future value creation potential of Hugo Boss,” the company announced on Thursday. The offer has been subjected to an independent review process....
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Trump wants to suspend trade with Spain
Ankara - US president Trump wants to end all trade with Spain. At a press conference during the NATO summit in Ankara, Trump said: “I don’t want to continue trading with them”. Similar to last year's NATO summit, Trump was deeply annoyed with the position of NATO partner Spain. “Spain is a terrible partner in NATO. They don’t participate, they...
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