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Adidas Cuts Dividend Due to Split With Kanye West
Adidas, the largest European manufacturer of sports equipment, will pay fewer dividends in 2022. The German sports brand issued a profit warning a few weeks ago due to the loss of sales of Yeezy products.
After a series of…
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ECB President: Rate Hike Half A Percentage Point Very Likely
ECB President Christine Lagarde has confirmed that the European Central Bank (ECB) will raise interest rates by another 50 basis points later this month to curb inflation.
"All the numbers we have seen recently confirm that this…
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Apple Invests Billion Euros Extra in Chip Centre Munich
Apple will invest a billion euros in Munich's European chip design centre. It is already the second time it has done so since 2021.
The chip centre is Apple's most important development site in Europe. It focuses on three themes:…
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Puma Made Record Profit in 2022, Prospects are Worse
The German sports brand Puma made a record profit last year but warns of less profitable times in 2023. Due to cost increases, shopkeepers and distributors have built up large sports shoes and clothing stocks.
They now have to get…
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Greta Thunberg Supports Sami in the Blockade of Ministries in Norway
On Tuesday, Swedish climate activist Greta Thunberg and dozens of activists from the Sami population group blocked even more ministries in the Norwegian capital Oslo to protest against two wind farms still operating despite a court ruling.…
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European Telecom Companies Demand Money From Data Guzzlers Facebook, Google and Netflix
Telecom companies in Europe continue to demand that internet giants such as Facebook, Google and Netflix pay for 5G and fibre optic networks. This is because they are responsible for enormous data flows on those networks, the reasoning…
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At Least 43 Migrants Killed in Boat Accident off Italian Coast
At least 43 migrants have died in a boat sank off the Italian coast at dawn on Sunday. The authorities found bodies on the beach of Steccato di Cutro, in the Italian province of Crotone, and the sea, the Italian news agency Ansa reported.…
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Russia Suspends Oil Supply to Poland Through Druzhba Pipeline
Russia has stopped the supply of oil to Poland through a pipeline. CEO Daniel Obajtek of the Polish oil group PKN Orlen said this on Twitter. However, his company still has a contract with one Russian oil supplier to receive oil through the…
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