The Eurozone's Gross Domestic Product (GDP) saw a modest increase of 0.1 percent in the second quarter of 2025, as reported by Eurostat. This follows a stronger growth in the previous quarter, indicating a slowing trend in economic expansion.

• The Eurozone economy grew by 0.1 percent quarter-on-quarter, while the broader EU grew by 0.2 percent in Q2 2025.
• Eurostat, the official statistics office of the European Union, released these preliminary figures.
• Germany and Italy experienced a slight contraction of 0.1 percent, while Spain showed strong growth of 0.7 percent.

US President Donald Trump has warned that India could face tariffs as high as 25% if a trade deal is not finalized by the August 1 deadline. Trump, who referred to India as a "good friend" but also a "tariff king," aims to reduce the significant US trade deficit with the country.

• Potential tariffs could reach up to 25% for India if a trade agreement is not reached by August 1.
• President Donald Trump criticized India's high tariffs, calling it a "tariff king" and a "big abuser" of trade ties.
• Key sticking points in negotiations include access to India's agricultural and dairy sectors, which India fiercely protects due to food security and the livelihoods of millions of small farmers.

Adidas has announced plans to raise prices for US customers due to an anticipated €200 million cost increase from new US tariffs, primarily affecting products made in Asia.

• Adidas expects to incur an additional €200 million in costs from US tariffs for the remainder of the year.
• Chief executive Bjorn Gulden confirmed price increases for American customers, acknowledging uncertainty about the impact on demand.
• The US recently imposed 20% tariffs on goods from Vietnam and 19% on Indonesian-made products, affecting nearly half of Adidas’s global production.
• Despite tariff impacts, Adidas reported a 7.3% increase in sales to €12.1 billion and a rise in pre-tax profit to €1 billion in the first half of the year.
• Other companies like Mercedes-Benz (€420 million) and Stellantis (€300 million) have also reported significant costs due to US tariffs.