In an internal memo, Volkswagen CEO Oliver Blume flagged the possibility of another 50,000 job reductions, bringing the total under consideration to 100,000, as the automaker confronts a 20% cost disadvantage.
A federal appeals court has reinstated lawsuits claiming Kenvue's Tylenol caused autism in children of mothers who used it during pregnancy, exposing the company to potentially billions in litigation costs.
The Warsaw Stock Exchange's benchmark WIG30 index rose 0.15% to a record close on Monday, supported by strong performance in the oil & gas and chemical sectors despite a broader market decline.
The price of Bitcoin climbed past $64,000 on Monday, as positive comments from President Donald Trump overshadowed news that major corporate holder MicroStrategy had sold a significant portion of its holdings.
The marketing automation company named Erica Smith, a veteran finance executive from CyberArk, as its next Chief Financial Officer, sending shares higher on the news.
The Greek stock market closed virtually unchanged on Monday, with the Athens General Composite index declining by a marginal 0.03% as losses in the telecom and basic resources sectors counteracted strong performances from individual companies.
California has introduced a new $270 million program offering rebates of up to $3,500 for first-time electric vehicle buyers, aiming to stimulate demand amid a slowdown in U.S. EV sales.
Vessel transits through the critical oil chokepoint have fallen to the lowest level since May as renewed military strikes between the U.S. and Iran escalate safety concerns for commercial shipping.
Shares of Eos Energy Enterprises fell after Stifel lowered its price target to $10 from $12, citing the dilutive impact of a $150 million rights offering and other share issuances. The capital raise is intended to fund the company's investment in a joint venture.
