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Adidas posts loss as Kanye West split 'hurts' business
Adidas posts loss as Kanye West split 'hurts' business
Business and Economy
by  AFP

German sportswear giant Adidas reported Friday a hefty first-quarter loss, acknowledging its split from controversial US rapper Kanye West was "hurting" its bottom line. The end of its highly successful Yeezy line, designed in collaboration with West, hit sales by about 400 million euros in the quarter.

German recession fears rise as factory orders plummet
German recession fears rise as factory orders plummet
Business and Economy
by  AFP

Industrial orders at German factories saw their biggest fall in March since the outbreak of the Covid pandemic in 2020, data showed Friday, the latest sign that Europe's biggest economy is facing a steep downturn. It was the biggest decline since April 2020, when the coronavirus pandemic snarled the global economy amid lockdowns and border closures.