(Reuters) -Shares in Adidas rose more than 7% on Wednesday, hitting their highest level in over two years after the German sportswear giant on Tuesday reported better-than-expected quarterly results and raised its 2024 guidance on stronger momentum. Growth is being driven by strong demand momentum in terrace retro styles, such as Samba, Gazelle and Campus, as well as strength in...

WASHINGTON, April 17 (Reuters) - U.S. President Joe Biden will call on Wednesday for sharply higher tariffs on Chinese metal products as part of a package of policies aimed at pleasing steelworkers in the swing state of Pennsylvania, at the risk of angering Beijing. In campaign stops in the Steel City of Pittsburgh, Biden is expected to propose raising to...

(Reuters) - Plans to expand the Disneyland Resort cleared a major hurdle Wednesday, as local officials endorsed a new blueprint governing the development of Walt Disney's Southern California theme parks over the next 40 years. The Anaheim city council approved a plan, called DisneylandForward, that one researcher estimated would create as many as 4,520 construction jobs per year of development...

BEIJING (Reuters) - Volkswagen AG said on Wednesday it has developed a new architecture for intelligent and electric cars with its Chinese partner Xpeng ( XPEV ), which the German automaker said will help it offer more affordable EVs in its biggest market. Volkswagen plans to use the China Electrical Architecture (CEA) in locally developed VW-branded EVs from 2026, it...