Articles by DPA
China criticises politicisation of global trade
Following the latest tariff threat from Washington, China indirectly criticised the US in the ongoing trade dispute. Vice premier He Lifeng, speaking at the opening of the supply chain expo in Beijing, said, "Currently, some countries, under the guise of risk reduction, are intervening in the market. They are imposing tariffs and enacting...
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Richemont starts financial year with sales growth
Jewellery and watch group Richemont increased sales in the first three months of the 2025/26 financial year. The important Asian market is also showing signs of stabilisation. This comes after the company, like many other luxury companies, felt the effects of a recent consumer slump in China. Between April and June, Richemont's sales increased...
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EU presents new list of retaliatory tariffs after Trump's letter
Following US President Donald Trump's new tariff announcements, the EU is preparing additional retaliatory tariffs on 72 billion euros worth of imports from the US. This was announced by the relevant EU Commissioner, Maros Sefcovic, after a meeting of trade ministers in Brussels. The preparations for the countermeasures involve a list of...
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Trump announces 30 percent tariffs on EU imports
US president Donald Trump intends to impose a 30 percent tariff on imports from the EU from August 1, 2025. The Republican announced this on his platform Truth Social. In a published letter to European Commission president Ursula von der Leyen, Trump threatened further tariff increases in the event of countermeasures. Mexico also received a...
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Giorgio Armani to return in September
Fashion designer Giorgio Armani has returned with a newspaper advertisement after his first absence from the major fashion shows in Milan and Paris. On his 91st birthday this Thursday, he expressed his gratitude via an advertisement for the widespread support, including on social networks and through personal messages. After a hospital stay in...
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Meta acquires stake in EssilorLuxottica
According to reports, the Facebook parent company, Meta Platforms Inc (Meta), is investing in the French eyewear group EssilorLuxottica. Bloomberg reported on Tuesday that the US company has acquired a stake of just under three percent for approximately three billion euros. The report follows the announcement of the investment plans a year ago....
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Eurozone retail sales decline
Eurozone retail sales fell in May. Turnover dropped by 0.7 percent month-on-month, the European statistics office Eurostat announced on Monday in Luxembourg. Economists had forecast a decline of 0.6 percent. However, turnover had risen by an upwardly revised 0.3 percent in April. Initially, an increase of 0.1 percent had been recorded. Compared...
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Eurozone inflation marginally rises to 2 percent
Eurozone inflation rose slightly in June. The annual inflation rate rose to 2.0 percent, the Eurostat statistics office announced in Luxembourg on Tuesday, according to an initial estimate. In May, the inflation rate had fallen to 1.9 percent. Economists had, on average, expected this slight increase. Inflation in the Eurozone is thus in line...
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Work begins on 'The Devil Wears Prada 2'
Almost 20 years after the release of the comedy "The Devil Wears Prada", work has begun on the sequel. "The Devil Wears Prada 2 - now in production," 20th Century Studios wrote on Instagram. Anne Hathaway and Stanley Tucci, stars of the 2006 hit film, shared the post, while Meryl Streep and Emily Blunt are also returning for the new film,...
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Nike shares up, Adidas and Puma rise too
The US stock market reacted positively to Nike, which also gave the shares of the two German competitors Adidas and Puma a boost on Friday. Nike’s shares rose by almost 10 percent in pre-market trading in the US. In regular trading, this would mean the highest level in more than three months. Adidas’ shares rose by 3.8 percent to 199.40 euros,...
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