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Volkswagen CEO Oliver Blume has warned that the German automaker is facing a “more than critical” situation as it battles weak demand, overcapacity and growing competition from Chinese manufacturers. The company is considering major cost-cutting measures and job reductions, while plant closures remain under discussion.
Sprite and IRCTC have launched the Sprite Tejas Express on the Lucknow–New Delhi–Lucknow route, marking Sprite’s first branded train partnership in India. The six-month campaign will feature branded coaches, onboard Sprite offerings and sustainability-focused initiatives.
JPMorgan CEO Jamie Dimon has urged Washington to consider India’s refinery requirements and the wider impact on global oil markets before imposing further measures on buyers of Russian crude. His comments come as a new US law gives President Donald Trump authority to impose tariffs of up to 100% on major buyers of Russian oil.
The Jammu Special Court has issued a non-bailable warrant against Lashkar-e-Taiba founder Hafiz Saeed in a terror case involving the alleged supply of weapons, funds and directions to terror operatives in Jammu and Kashmir. The NIA told the court that Saeed is currently in Pakistan and deliberately evading arrest.
Ukrainian President Volodymyr Zelensky has warned airlines operating through Russian airspace that the region is becoming increasingly dangerous as Kyiv intensifies drone operations inside Russia.
Icelanders have voted against restarting negotiations to join the European Union, with more than 52% rejecting the proposal. The referendum exposed a sharp rural-urban divide and highlighted concerns over fishing rights and Iceland’s sovereignty.
The United States remains the world’s strongest financial centre, while the UK and Hong Kong continue to dominate specific areas of banking and capital markets, according to a decade-long analysis by New Financial.
