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Tuesday, August 12, 2025
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Adidas says profits hit by falling ruble, divestment

FRANKFURT: Adidas, the German maker of sportswear and equipment, said Friday it met its 2014 targets, but earnings were hit by special factors such as the falling ruble and the sale of its Rockport brand.

Ruble tumbles further along with oil prices

MOSCOW: The Russian ruble tumbled against the dollar and the euro for the second day in a row on Tuesday, punished as oil prices plunged further.
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