Asics, a Japanese manufacturer of athletic apparel and footwear, will spin off its premium brand, Onitsuka Tiger, into a separate entity, with the aim of streamlining decision-making and strengthening the brand’s position in the global market.
The World Cup, which kicks off on June 11, may boost demand in certain segments of the German retail sector, but retailers do not expect a significant increase in consumption across the entire industry. This conclusion is contained in a study by the German Retail Association (HDE) published on Wednesday.
According to estimates by the analytical firms Vortexa, Kpler, and Energy Aspects, approximately 1 million barrels of oil per day will be drawn from reserves in the coming months.
Georgian authorities are preparing sweeping changes to tighten immigration laws amid a growing number of foreigners in the country. A new package of amendments, which parliament will consider on June 23 under an expedited procedure, will affect the rules for obtaining residence permits for foreign students and spouses of Georgian citizens.
The UK competition regulator has launched an investigation into a deal in which eBay plans to acquire the Depop platform—a popular clothing resale service among Gen Z—from Etsy. The CMA is examining the potential impact of the approximately $1.2 billion deal on competition in the online resale segment.
Paris is no longer among the five most expensive cities in Europe in terms of housing costs. According to data from the Global Property Guide, the French capital has been overtaken by four Swiss cities and Luxembourg. Zurich remains at the top of the ranking, with prices exceeding 18,000 euros per square meter.
Apple unveiled an updated version of its voice assistant Siri with artificial intelligence elements at its annual WWDC developer conference, in an attempt to close the gap with competitors in the rapidly changing AI industry.
Italian coffee group Lavazza is entering the U.S. market with its new Tablì coffee system, hoping to take a piece of the portioned coffee market, which has been controlled by Keurig and Nespresso for more than a decade.
China’s Hangzhou has a new architectural landmark. The Hangzhou Prism mixed-use complex, an unusual skyscraper 106.5 meters high that offers a fresh take on the usual typology of glass high-rises, has been completed here.
Crocs shares rose about 2% in Monday’s premarket after analyst firm Robert W. Baird & Co. raised its rating on the footwear maker from Neutral to Outperform and raised its target price from $115 to $150.
Armenian Prime Minister Nikol Pashinyan said that the European Union is ready to open its market for Armenian agricultural products without customs duties and provide the country with more than 50 million euros of financial support.
The World Cup in the United States, Canada and Mexico has not yet started, and one of its most recognizable “sounds” has already disappeared from the future atmosphere of the stadiums. FIFA has officially banned the use of vuvuzelas, whistles and other noise-making devices in all arenas of the tournament, continuing its policy of strict regulation of fan behavior.
Billionaire Jack Dorsey’s company Block has introduced an unusual payment accessory for the Cash App service – a miniature “magic wand” with a built-in NFC chip. It can be used to pay for purchases in stores just like using a bank card or a smartphone.
Barcelona is preparing for a historic event: on June 10, Pope Leo XIV will visit the famous Sagrada Familia Basilica to inaugurate and consecrate the Tower of Jesus Christ, the central and tallest tower of the church. Its construction was completed in February, marking a major milestone in the 144-year history of one of the world’s most ambitious architectural projects.
While some employees relish the opportunity to work in their home clothes and not spend hours commuting, scientists are increasingly wondering whether the price for this comfort is a sense of loneliness.
The Paris prosecutor’s office has launched an official investigation against Swiss lawyer Alexander Montavon for alleged misappropriation of Hermes shares, which, according to the company’s heir Nicolas Puesch, are now worth more than €10 billion. Investigators are looking into whether these assets could have been controlled by structures linked to billionaire Bernard Arnault’s LVMH group. The new development is yet another twist in the long-running confrontation between the two major players in the global luxury industry.
The French consumer protection regulator has again imposed two fines totaling more than 22 million euros on Shein over violations related to product traceability, environmental information, return times and delivery conditions.
Public attitudes toward data centers in the U.S. have deteriorated markedly in just a few months, and according to fresh polling, this is becoming one of the new points of tension around the development of artificial intelligence.
The British Parliament’s Science, Innovation and Technology Committee has recommended that the government refuse to cooperate with the US company Palantir, calling its growing influence on the public sector an “unacceptable vulnerability”. The report was published against the backdrop of the growing desire of European countries to reduce dependence on American technology corporations in the field of data storage and digital infrastructure.
The 2026 FIFA World Cup, which will be held in the United States, Mexico and Canada from June 11 to July 19, will be the largest in the history of the tournament: 48 national teams will take part in it. The total transfer value of all players is estimated at €17.57 billion, and four national teams have squads worth more than €1 billion.
