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Beijing (AFP) - China and Russia will hold joint naval exercises in the South China Sea in September, Beijing's defence ministry said Thursday, after an international tribunal ruled that there was no legal basis to the Asian giant's extensive claims in the area.
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.