Adidas lifts profit forecast for third time running
German sporting goods brand Adidas lifted its profit forecast for the third time in six months on Thursday after better-than-expected preliminary results in the second quarter. The firm said it had earned a net profit of 291 million euros ($322.7 million) in the three months to June -- 99 percent more than the same period in 2015. Higher sales will push Adidas' net profit growth for the year to between 35 and 39 percent, the company said, at least 10 percentage points more than previously predicted.
Solar panels blaze at water park in Taiwan heatwave
More than 1,200 people were evacuated from a Taiwan water park after solar panels caught fire in the midst of a heatwave that has seen record power consumption as the island struggles to keep cool. Local media reported the fire in Taipei -- which left a swathe of solar panels at the park blackened and distorted -- could have been sparked by soaring temperatures. The Taipei water park's chief engineer Wang Ming-fu said the fire may have been the result of a short circuit due to high temperatures or the overheating of the panels, which have been in service for 10 years, Taiwan's Central New Agency reported.
Repsol Q2 profit down 30 percent due to restructuring costsMADRID (AP) ? Spanish energy company Repsol has posted a net profit drop of 30 percent in the second quarter compared with the same period last year mainly because of workforce restructuring costs.
Home flight simulator in MH370 captain's home plotted Indian Ocean course: JACC
By Matt Siegel SYDNEY (Reuters) - A home flight simulator owned by the pilot of missing Malaysia Airlines Flight MH370 was used to plot a course to the southern Indian Ocean where the aircraft is believed to have gone missing, the Australian agency in charge of the search said on Thursday. "The MH370 captain?s flight simulator showed someone had plotted a course to the southern Indian Ocean," JACC said in an email to Reuters on Thursday.
Hotter weather expected near blaze that killed 1
BIG SUR, Calif. (AP) ? Firefighters are bracing for hotter weather and lower humidity in the area near Big Sur where a wildfire has destroyed 34 homes and killed a bulldozer driver working to contain the massive blaze.
Russia announces humanitarian operation in AleppoMOSCOW (AP) ? Russian Defense Minister Sergei Shoigu says Russia and the Syrian government will open humanitarian corridors and offer a way-out for Islamic State fighters wanting to lay down their arms.
Volkswagen says net profit falls 57% in second quarter
Scandal-struck car manufacturer Volkswagen said Thursday that its profits fell in the second quarter by 57 percent to 1.15 billion euros ($1.3 billion). Second-quarter profits were weighed down by almost 2.5 billion euros of special items, mostly related to 2015's diesel emissions cheating scandal. "Further enormous feats of strength will be needed to contain the high costs of the diesel question," finance director Frank Witter said in a statement.
Iffy skies make pope take car, not copter to Poland shrine
CZESTOCHOWA, Poland (AP) ? Worry about bad weather prompted a last-minute change in Pope Francis' travel plans Thursday during his Polish pilgrimage, with the pontiff opting to take a car instead of a military helicopter to a shrine cherished by Poles as their spiritual capital.
Turkey shakes up military, closes media after coup bid
Turkey's top military commanders will decide Thursday on one of the most radical shake-ups in the history of the country's armed forces, as authorities shut down dozens of media outlets in a widening crackdown after a failed coup. The government ordered the closure of a total of 131 newspapers, TV channels and other media outlets as well as the discharge of 149 generals -- nearly half the armed forces' entire contingent of 358 -- for complicity in the putsch bid. The July 15 rebellion, which saw plotters bomb Ankara from war planes and wreak havoc with tanks on the streets of Istanbul in a bid to unseat President Recep Tayyip Erdogan, has sparked a backlash affecting all aspects of Turkish life.
Biden to speak at vigil for slain Baton Rouge officers
BATON ROUGE, La. (AP) ? Vice President Joe Biden and U.S. Attorney General Loretta Lynch are scheduled to speak Thursday at a Baton Rouge vigil honoring the three law enforcement officers who were killed by a lone gunman during a shootout outside a convenience store.