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Adidas receives €100mn boost from Kanye West settlement

Adidas has received a boost of around €100mn to its operating profit after it unwound a previous provision relating to outstanding legal issues following a scandal with the group’s former partner Kanye West. Chief executive Bjørn Gulden said on Tuesday that the German group, the world’s second-largest sportswear maker, had …

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Spain’s king and queen pelted with mud in flood-hit Valencia

The King and Queen of Spain have been pelted with mud and other objects by angry protesters during a visit to flood-hit Valencia. Shouts of “murderer” and “shame” were directed at the royal couple, Spain’s prime minister and other leaders as they walked through the town of Paiporta – one …

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