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LONDON (Reuters) -Adidas has formally apologised after Mexico President Claudia Sheinbaum criticised the sportswear brand over a shoe that replicated traditional Indigenous huarache sandals without attributing the design or crediting artisans. The misstep comes shortly after Prada triggered a widespread backlash in India when its Milan fashion show debuted a sandal replicating Kolhapuri slippers, highlighting …

Adidas apologises for sandal appropriating Indigenous Mexican design Read More »

By Samuel Indyk and Danilo Masoni LONDON/MILAN (Reuters) -European companies are proving they can just about endure U.S. import tariffs, eking out earnings growth for a fifth straight quarter, but at a slower pace than in the United States. According to LSEG I/B/E/S, second-quarter earnings are expected to have increased 3.1% from the same period …

Europe Q2 earnings: Strong euro, tariff worries weigh but banks shine Read More »

By Samuel Indyk LONDON (Reuters) -The pound was steady on Monday after earlier hitting a more than two-week high against the dollar, before job market and growth data later in the week that could take on more importance after the Bank of England’s close decision to cut rates on Thursday. The pound was last little …

Sterling touches two-week high before jobs data Read More »

BERLIN (Reuters) -The CEO of Mercedes-Benz criticised the European Union’s plan to ban CO2-emitting vehicles from 2035 in a media interview on Monday, joining a chorus of voices calling the target into question as it comes up for review this year. The ban, which supporters say is crucial to Europe’s green ambitions, is up for …

Mercedes CEO calls for ‘reality check’, slamming EU combustion engine ban Read More »

ROME (Reuters) -The growth of Italians’ deposits at domestic banks slowed significantly in June, while lending to businesses picked up after a fall the previous month, the Bank of Italy said on Monday. Deposits increased 0.5% year-on-year in June after rising 3.8% in May. Bank loans to businesses were up 0.3% year-on-year, the central bank …

Italian bank deposits slow in June but lending to businesses recovers Read More »