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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.
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.