Articles by DPA
EU parliament halts implementation of customs deal with US
The European Parliament has formally suspended the implementation of the customs agreement between the US and the EU. The background to this is the new tariffs announced by US President Donald Trump, according to the chairman of the trade committee, Bernd Lange (SPD). “We want a clear assurance from the United States that they will adhere to the...
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Trump's tariff defeat, new tariffs: EU assesses consequences
Following the US Supreme Court's decision against president Donald Trump's tariff policy, the EU and other countries are attempting to assess the precise consequences for the global economy. A special session of the legal service and the negotiating team, which was responsible for a customs agreement between the US and the EU, is scheduled for...
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Dispute over tariffs: defeat for Trump before Supreme Court
US president Donald Trump has suffered a defeat before the Supreme Court in the dispute over his aggressive tariff policy. The US Supreme Court ruled that Trump exceeded his authority when he invoked an emergency law to impose extensive tariffs on many trading partners, including the European Union. This article was translated to English using...
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Katjes: Bogner majority owner appoints US influencer as creative director
US influencer and comedian Jake Shane has been appointed chief creative officer (CCO) at liquorice and fruit gum manufacturer Katjes. The company confirmed the appointment to the German Press Agency (DPA) on February 12, 2026, following an earlier report by Forbes magazine. In this newly created role, the 26-year-old Shane will be responsible...
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Amazon plans to invest 200 billion dollars in AI and chips
Amazon is surpassing even its high-spending tech rivals with its planned investments. The retail giant plans to invest around 200 billion dollars this year in AI, chips, robotics and satellites. The figure was difficult for investors to digest. The company's shares fell by more than ten percent in after-hours trading. According to Amazon's chief...
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Eurozone: inflation rate falls to lowest level in almost five years
The inflation rate in the Eurozone has continued to fall as expected, reaching its lowest level in almost five years. In January, consumer prices rose by 1.7 percent year-over-year, according to an initial estimate released by the statistical office Eurostat in Luxembourg on Wednesday. Economists had anticipated this on average. This is the...
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Zalando to close Erfurt site in Germany impacting 2,700 employees
German online fashion retailer Zalando is closing its logistics centre in Erfurt at the end of September, employing 2,700 people. The Berlin-based, Dax-listed company made the announcement. Employees are currently being informed of the plans. According to the company, the reason is a realignment of its Europe-wide logistics network following the...
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Footwear brand Gabor has a new owner: Arklyz
Swiss investor Arklyz has acquired the German footwear brand Gabor. The company, based in Stans on Lake Lucerne, did not disclose the purchase price. According to the announcement, all regulatory approvals have been received. Gabor, previously owned by its founding family, is primarily known for its womenswear shoes. The company is now 100...
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Hugo Boss expects business recovery only in 2027
Shareholders of fashion group Hugo Boss will need to remain patient as the company continues to navigate a challenging market environment. After feeling the impact of weak consumer sentiment in recent months, Hugo Boss has signaled that 2026 will serve as a transition year, with significant adjustments planned across its assortment and...
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Hugo Boss defends supervisory chair after Frasers Group pulls backing
The chairman of the supervisory board at Hugo Boss has lost the backing of the fashion group’s largest shareholder, Frasers Group, intensifying tensions at the top of the German luxury apparel company. In a mandatory announcement published late Friday, Frasers Group said it no longer supports Stephan Sturm in his role as supervisory board chair....
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