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international trade

Adidas raises 2026 profit guidance to €2.5 billion after U.S. tariff refunds

Illustration accompanying article: Adidas raises 2026 profit guidance to €2.5 billion after U.S. tariff refunds
  • Adidas raised its 2026 operating-profit guidance to €2.5 billion, up from a previous forecast of €2.3 billion.
  • Adidas said it received around €200 million, or $224.3 million, in U.S. tariff refunds, representing the majority of its total claims.
  • Adidas reported record third-quarter revenue of €7.25 billion, up 9% from a year earlier.
  • Adidas said third-quarter operating profit climbed 37% from a year earlier to €1.01 billion, its highest quarterly level on record.
  • CEO Bjorn Gulden said Adidas was seeing strong and profitable growth in soccer, running and training, while demand for apparel collections remained high.
  • The Wall Street Journal reported that difficult market conditions had prevented Adidas from raising forecasts in recent months.
 2026-10-20 · 3 MIN READ

Oil prices climb as Middle East supply risks offset Gulf exports

Illustration accompanying article: Oil prices climb as Middle East supply risks offset Gulf exports
  • December Brent and WTI futures rose Tuesday as traders weighed persistent Middle East supply risks against signs of recovering Gulf crude exports and prospects for additional Russian energy supplies.
  • December Brent crude rose 0.3% to $109.90 a barrel, while December West Texas Intermediate gained 0.2% to $98.75 a barrel.
  • ING analysts said a significant geopolitical risk premium continues to support prices despite relatively strong crude flows from the Persian Gulf; record tanker freight rates are also adding to transportation costs.
  • The Wall Street Journal reported that Iran has been providing Yemen's Houthi militia with intelligence and targeting assistance for attacks on Saudi Arabia, as U.K. Maritime Trade Operations reported attacks on a tugboat near the UAE and two tankers off Saudi Arabia.
  • ANZ Research analysts said efforts to support oil flows through the Strait of Hormuz may fall short of stabilizing fuel markets as supply risks in the Middle East continue to increase.
 2026-10-20 · 4 MIN READ
Illustration accompanying article: Lutnick stalls U.S.-Mexico tariff talks on metals, autos