Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.

The US GDP decreased an annualised 0.3 percent in the first quarter, well below average growth of 3 percent in the previous two years.

The US GDP decreased an annualised 0.3 percent in the first quarter, well below average growth of 3 percent in the previous two years.

With soaring profits and rapidly expanding store networks, ‘heritage-gold’ jewellery brands like Laopu Gold and Lao Feng Xiang are red-hot in China’s otherwise tepid luxury market.

With soaring profits and rapidly expanding store networks, ‘heritage-gold’ jewellery brands like Laopu Gold and Lao Feng Xiang are red-hot in China’s otherwise tepid luxury market.

This week’s round-up of global markets fashion business news also features India’s Jaipuria Group, Mexican department stores and Nigeria’s Woven Threads showcase.

This week’s round-up of global markets fashion business news also features India’s Jaipuria Group, Mexican department stores and Nigeria’s Woven Threads showcase.

The number of vessels scheduled to arrive at the Port of Los Angeles next week is down by almost a third year on year.

The number of vessels scheduled to arrive at the Port of Los Angeles next week is down by almost a third year on year.

Entrepreneur and podcast host Anas Bukhash joined BoF founder and CEO Imran Amed at BoF CROSSROADS 2025 to explore Dubai’s transformation into a global creative and business hub, and how it uniquely empowers innovation and entrepreneurship in the Global South.

Entrepreneur and podcast host Anas Bukhash joined BoF founder and CEO Imran Amed at BoF CROSSROADS 2025 to explore Dubai’s transformation into a global creative and business hub, and how it uniquely empowers innovation and entrepreneurship in the Global South.

Trump told reporters the US and China held talks on Thursday to resolve the trade war between the world’s two largest economies.

Trump told reporters the US and China held talks on Thursday to resolve the trade war between the world’s two largest economies.

Chinese Commerce Ministry spokesman He Yadong said Thursday, “Any reports on development in talks are groundless” and called for the US to revoke all unilateral tariffs imposed on China.

Chinese Commerce Ministry spokesman He Yadong said Thursday, “Any reports on development in talks are groundless” and called for the US to revoke all unilateral tariffs imposed on China.

‘It will come down substantially but it won’t be zero,’ Trump said Tuesday in Washington following earlier comments from Treasury Secretary Scott Bessent that the standoff was unsustainable.

‘It will come down substantially but it won’t be zero,’ Trump said Tuesday in Washington following earlier comments from Treasury Secretary Scott Bessent that the standoff was unsustainable.

At BoF CROSSROADS 2025 in Dubai, Imran Amed, BoF’s founder and CEO, sat down with Khalid Al Tayer, CEO of luxury e-commerce platform Ounass, to unpack his strategy for success when launching a global brand in the Gulf.

At BoF CROSSROADS 2025 in Dubai, Imran Amed, BoF’s founder and CEO, sat down with Khalid Al Tayer, CEO of luxury e-commerce platform Ounass, to unpack his strategy for success when launching a global brand in the Gulf.

This week’s round-up of global markets fashion business news also features anxious Chinese exporters, Mercado Libre’s $2 billion Argentina bet and the gold traders fuelling Sudan’s civil war.

This week’s round-up of global markets fashion business news also features anxious Chinese exporters, Mercado Libre’s $2 billion Argentina bet and the gold traders fuelling Sudan’s civil war.

Business executives from Walmart, Target, Home Depot and Lowe’s will seek relief from sweeping tariffs in a meeting with Trump at the White House on Monday, Bloomberg reported.

Business executives from Walmart, Target, Home Depot and Lowe’s will seek relief from sweeping tariffs in a meeting with Trump at the White House on Monday, Bloomberg reported.

The designer Tory Burch and CEO Pierre-Yves Roussel join BoF founder and CEO Imran Amed at BoF CROSSROADS 2025 to explore how brands can stay authentic while navigating global challenges, embracing purpose-driven growth, and finding local resonance.

The designer Tory Burch and CEO Pierre-Yves Roussel join BoF founder and CEO Imran Amed at BoF CROSSROADS 2025 to explore how brands can stay authentic while navigating global challenges, embracing purpose-driven growth, and finding local resonance.
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Suppliers to retailers including Gap and Walmart are beating the broader market as investors bet India’s new trade agreements and shifting sourcing patterns will boost exports.
The Trump administration has formally appealed the order directing customs authorities to refund the global tariffs declared unlawful by the US Supreme Court earlier this year.
The levies would affect imports from 60 trading partners, with rates ranging from 10% for Mexico, Canada and the UK to 12.5% for China, India and Brazil, as the Trump administration seeks to rebuild its tariff wall.
US Customs and Border Protection validated over 80,000 applications for refunds covering an undisclosed number of shipments or entries.