Eight drones were intercepted over Erbil, Iraq’s Kurdistan counter-terrorism service says, with no casualties reported.
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Katayama says the government is monitoring financial markets and economic conditions while maintaining efforts to reduce the debt-to-GDP ratio steadily.
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Katayama says Japan will strive to prevent market confusion regarding its fiscal and monetary policy positions.
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Hong Kong tech resilience tested as South Korea’s Kospi slides into bear market - SCMP
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Volvo Cars’ Chief Commercial Officer says the U.S. market is showing some positive signs of recovery but remains challenging due to heavy tariffs and changes to electric vehicle regulations.
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Russian Defence Ministry reports that Russian forces carried out strikes on port infrastructure in Odesa and Chornomorsk, Ukraine.
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Volvo Cars says it is prioritizing premium brand positioning in China over discount-driven sales growth, acknowledging that the approach is hurting volumes.
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Volvo Cars’ commercial chief says a new commercial performance program has started in Germany and will be expanded across key European markets, with the company expecting a major impact on future performance.
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Australian shares finish lower, with the ASX 200 declining 0.5% to close at 8,796.70 points.
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Volvo Cars CFO says improved indirect cost performance compared with last year is offsetting ongoing market pressures.
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Volvo Cars CFO says the impact of higher oil prices and raw material costs will become more visible during the second half of the year.
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Volvo Cars CFO says lower indirect costs compared with last year are helping mitigate external market pressures.
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UKMTO reports that a tanker was struck by an unknown projectile on Thursday, approximately 19 nautical miles east of Khasab, Oman.
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UKMTO says there were no injuries among the crew and no environmental impact has been reported.
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Volvo Cars says EX60 demand is outpacing production, while the company keeps its target of manufacturing 40,000 units this year.
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Global stocks tumble as AI trade goes into reverse - FT
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Volvo Cars expects European players facing weaker sales in China to increase their focus on the European market.
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Volvo Cars CEO says there is no current agreement for Geely to use SPA3, but the option remains open, while Volvo is adopting some Geely vehicle platforms in China.
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Volvo Cars says it plans to maintain its 20% stake in Polestar, with no intention to increase or reduce its holding.
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Azerbaijan’s Energy Ministry reports that BP produced 7.9 million tonnes of oil during the January-June period.
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Azerbaijan exported 10.5 million tonnes of oil in January-June, according to the Energy Ministry.
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