German sportswear brand Adidas (ADDDF.PK) reported that its preliminary operating profit for the second quarter of 2023 declined to 176 million euros from 392 million euros in the prior year.In the second quarter, currency-neutral revenues were flat versus the prior year level. In euro terms, the company's revenues declined 5% to 5.343 billion euros from the previous year.The company noted that it...
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.