Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
A Chevron tanker was hit by a drone near the Caspian Pipeline Consortium terminal at Novorossiysk on the Black Sea. The vessel's managing company reported no visible damage, and the ship has since departed the area.
Brazilian cosmetics company Natura &Co has announced a preliminary year-on-year net revenue decrease of 9% to 10% for the second quarter. Despite the sales drop, the company anticipates an improved profit margin compared to the first quarter.
The pan-European discount retailer boosted its full-year forecast for profit, margins, and cash flow, citing robust third-quarter revenue growth driven by Western Europe and the strategic sale of its Polish food business.
Volkswagen's supervisory board is meeting to consider a radical restructuring plan that could close four German plants and eliminate up to 100,000 jobs, setting up a major confrontation with labor unions.
