Articles by DPA
Greenwashing: Shein responds to million euro fine in Italy
Following a one million euro fine from the Italian Competition Authority, the Asian fast-fashion e-tailer Shein has shown remorse. In response to an enquiry, Shein stated that it had "immediately taken all necessary measures to address the criticisms raised". The Italian authority accused Infinite Styles Services Co Ltd, responsible for Shein in...
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Zalando: Analyst sceptical of rising share price
After significant price losses since mid-February, Zalando shares could initially find a base on Wednesday. On the Tradegate trading platform, they rose 4 percent to 26.30 euros compared to the Xetra close. They had previously fallen by almost 40 percent since mid-February. They recently reached a low of just under 25 euros, a level not seen...
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Swiss exports face collapse: US tariffs threaten jobs and GDP
US tariffs have sent shockwaves through Switzerland: US President Donald Trump has imposed a 39 percent tariff on Swiss imports. “Everyone's prosperity is at risk,” warns Swissmem, the industry association for the tech industry. While importers and US consumers pay the tariffs, this makes "Made in Switzerland" so expensive that orders are likely...
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Trump on customs deal: 600 billion dollar ‘gift’ from EU
The 600 billion dollars pledged by the EU in investments as part of the customs deal with the US is at the free disposal of the US, according to US President Donald Trump. “They have given us 600 billion dollars that we can invest in anything we want,” he said in an interview with CNBC. Trump described the sum as a “gift” that is not a loan and...
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Hugo Boss shares reach highest level since March
Hugo Boss shares reacted to the fashion group’s figures with a price jump to its highest level in five months. At its peak, the share price rose by 8.5 percent to 44.08 euros. This was the last time the shares traded at this level at the beginning of March. Most recently, the premium was 6.3 percent at 43.21 euros. Earnings before interest and...
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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...
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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...
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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...
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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....
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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...
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