Source: Sky News
Israeli warplanes struck targets in southern Lebanon on Monday, hitting the outskirts of several villages, including Zrariyeh, Kfar Milki, and Ansar, Lebanon’s state-run National News Agency (NNA) reported.
Monday, June 23, 2025
The Lebanese Army has recovered an unexploded Israeli missile remnant from the wreckage of a building in Hadath after carrying out an onsite inspection requested by the international committee overseeing the ceasefire between Israel and Hezbollah.
Monday, June 23, 2025
As Israel and Iran approach one week of trading airstrikes, and some outsiders, like the Yemeni Houthis have gotten involved, there’s one group notably absent from the conversation: Hezbollah.
Thursday, June 19, 2025
Tom Barrack, the US special envoy to Syria and ambassador to Turkey, is scheduled to arrive in Beirut on June 18. As a US official of Lebanese origin, Barrack carries with him more than just diplomatic credentials; his heritage and personal ties give him a nuanced understanding of Lebanon’s labyrinthine political landscape.
Wednesday, June 18, 2025
Manchester City boss Pep Guardiola says the club expects to learn the outcome of the hearing into its 115 charges of alleged Premier League financial rule breaches "in one month".
Saturday, February 8, 2025
Former Brazil and Real Madrid defender Marcelo has announced his retirement from football, bringing the curtain down on a trophy-laden career that included five UEFA Champions League triumphs.
Friday, February 7, 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."
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