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Adidas has announced it is set to make profits of €700m (£598m) in 2024. The announcement comes after the German sportswear giant’s messy situation with Kanye West and his Yeezy shoes. In February, Adidas announced it would sell its remaining Yeezy trainers from its partnership with West for at least cost price.
/cloudfront-eu-central-1.images.arcpublishing.com/prisa/YVCC4DG5CJHSJMNRHZHGRTFO4M.jpg "Global Economy Approaches Soft Landing, but Risks Remain")
The global economy seems to be experiencing a soft landing scenario. Thanks in large part to the strength of the United States, a global recession…
Early in Asian trading, oil prices experienced a decline following Iran’s retaliatory strike on Israel during the weekend. Despite this, Brent crude, a crucial global oil price benchmark, remained lower but hovered around $90 per barrel on Monday morning.
UK economy: No overall improvement for business in Q1 The UK’s economy hasn’t gotten better for businesses in the first part of this year. A…
Hundreds of customers at one of the UK’s most popular broadband networks are struggling to get online this morning.
Profits for Samsung Electronics are expected to jump by more than 10-fold compared to a year earlier. The news comes as prices of chips have recovered from a post-pandemic slump and demand for artificial intelligence (AI) related products booms.
McDonald’s is to buy back all its Israeli restaurants after a boycott of the fast-food chain in response to the Israel-Hamas war. The company said it had reached an agreement with Alonyal for the return of 225 outlets across the country employing 5,000 people.
Shares in Donald Trump’s media firm have soared on their stock market debut in New York, leaving his majority holding worth almost $6bn (£4.8bn) on paper at one stage.
Dave Calhoun is to leave his role as head of Boeing at the end of this year, as the crisis over the company’s safety record continues to dominate.
Ted Baker calls in administrators putting 86 stores at risk of closure Hundreds of jobs at high street store Ted Baker are at risk as…
Uber has reached an agreement to pay A$271.8 million (£140 million) to resolve a lawsuit in Australia, according to a law firm for taxi operators and drivers.
Vodafone goes down leaving customers without broadband across the country Hundreds of Vodafone broadband customers were left unable to get online this morning after the…
Water bills to rise above inflation in April Water companies anticipate an above-inflation increase in average household bills in April, leading to criticism from campaigners.…
Bao Fan, the Chinese billionaire banker who has been missing for nearly a year, has officially resigned from his position at a financial firm.
Reuters exclusively reported that Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased
The post China’s military and government acquire Nvidia chips despite US ban appeared first on Reuters News Agency.
WTX Business exclusively reported that Japanese stocks have made a blazing start to 2024, surging to three-decade highs as a weaker yen and expectations of…
Property website Rightmove says it takes an average of 51 days to find a buyer if you list your home in February
New research indicates that two million people may face their gas and electricity being cut off this winter due to financial constraints, according to Citizens Advice.
Price rises are coming.
Experts have shared how parents can save money and have some left for fun activities.
Bungalows are back baby…
The FT leads with the Iranian navy seizing a tanker off the coast in Oman, amid tensions in the nearby Red Sea with assaults on vessels by Tehran-backed Houthi rebels.
Red Sea attacks could shrink economy, warns Treasury Ongoing attacks on shipping in the Red Sea are causing concern for the government, as it could…
Get 2024 started on the right financial footing.
After Twitch cut over 500 jobs, rival streaming platform Kick is eyeing up a takeover says its founder.
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