Source: Sky News

The official website of the Kataeb Party leader
Justice Minister Adel Nassar held a series of high-level meetings in Paris on Tuesday as part of an official visit aimed at strengthening judicial cooperation between Lebanon and France.
Wednesday, May 28, 2025
Lebanese authorities have shut down Veré Bleu Park, a newly opened adventure facility in the Metn region, following a disturbing incident in which more than a dozen schoolchildren were reportedly subjected to sexual abuse by a park employee during a school outing.
Friday, May 23, 2025
A 2019 report by the United Nations Office on Drugs and Crime (UNODC) estimated that Lebanon was the third largest source for ‘cannabis resin’ worldwide, only behind Morocco and Afghanistan. The UNODC estimated that roughly 6% of all the cannabis resin on earth originates in Lebanon.
Tuesday, May 20, 2025
Everyone has a theory about how to fix Lebanon.
Monday, May 19, 2025
Real Madrid and Atletico Madrid meet in their second derby of the season with the Liga lead on the line and the focus on refereeing. Real Madrid has spent the days ahead of Saturday’s match complaining of mistakes against the club.
Thursday, February 6, 2025
The first Chinese driver in Formula 1, Zhou Guanyu, is heading back to Ferrari as one of its reserve drivers for the 2025 season.
Wednesday, February 5, 2025
Wednesday 8 March 2023 15:49:26
Adidas has revealed plans for a huge cut to its dividend as it battles the costly fallout from its failed partnership with rapper and fashion designer Kanye West.
The company admitted on Wednesday that it was still yet to decide what to do with a mountain of unsold Yeezy trainers, the legacy of its split from West, following antisemitic, and other offensive remarks, he made last October.
It had a book value of $500m (£442m) and could, potentially, be written off entirely or re-purposed.
Adidas warned the issues could push the company to its first annual loss in three decades this year.
It also revealed it is having to pay its former chief executive nearly €16m (£14.25m) after he stepped down from the business prematurely in the wake of the partnership's end and other troubles including a perceived reliance on China sales.
Kasper Rorsted left the German sportswear giant last November - almost four years before the end of his contract.
Chief executive Bjorn Gulden, who took the reins at the start of 2023, pledged to rebuild the bruised brand but admitted Adidas faced a "transition" year with the value of its total inventories standing at $600m, up by almost half on the same period last year.
He denied rumours of an agreement with West to sell the Yeezy inventory.
Shares fell by more than 2%.
Full year sales for 2022 rose by 6% but Chloe Collins, head of apparel at data firm GlobalData, pointed out that they remained 4.8% behind pre-pandemic levels despite the global sportswear market growing 9.6% during the three years.
"In Q4, despite Adidas's sponsorship of winning team Argentina, the presence of the FIFA Men's World Cup was not enough to offset the negative impact of the Yeezy controversy on the brand or the fact that its designs lag behind rivals Nike and Puma," she wrote.
"A catastrophic performance in China was partially to blame for Adidas's performance in FY2022, as further lockdowns and a shift to local sportswear brands like Li-Ning and ANTA caused currency-neutral sales to topple 35.8%."
She added: "Adidas is still deciding what to do with its remaining Yeezy inventory, despite reaching an agreement with West allowing the brand to sell it.
"It faces a difficult choice, as selling the stock could damage its brand perception even further, and not selling it will have a disastrous effect on profit."
The official website of the Kataeb Party leader