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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Azerbaijan produced 61,000 tonnes of oil per day in the first half of the year, the Energy Ministry says.
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Azerbaijan’s natural gas exports to Europe totaled 5.9 billion cubic metres in the first half of the year, the Energy Ministry says.
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Japan’s Prime Minister Takaichi says the government will promote investment in domestic financial assets, including by households and pension funds like GPIF.
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Takaichi says the Government Pension Investment Fund (GPIF) is already accumulating domestic investments via alternative assets, supporting Japan’s economic growth under existing guidelines.
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Japan’s Prime Minister Takaichi says GPIF conducts nimble portfolio rebalancing, such as shifting from foreign assets into domestic assets when the yen depreciates against the dollar.
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Switzerland’s government announces plans to broaden international partnerships for ammunition acquisition.
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US forces shoot down eight explosive drones over Erbil, north Iraq
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DOW JONES DOWN 553.41 POINTS, OR 1.05 PERCENT, AT 51,999.56 AFTER MARKET OPEN

NASDAQ  DOWN 466.90 POINTS, OR 1.80 PERCENT, AT 25,415.05 AFTER MARKET OPEN

S&P 500 DOWN 90.59 POINTS, OR 1.20 %, AT 7,443.18 AFTER MARKET OPEN
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APPLE HAS OVERTAKEN NVIDIA TO BECOME THE MOST VALUABLE COMPANY IN THE WORLD.
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