Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says 
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy 
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth 
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation 
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend 
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project 
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum 
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake 
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters 
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits 
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9% 
Chinese automaker Zhejiang Geely Holding Group plans to use the compact modular architecture (CMA) platform developed with Volvo Cars Corp to build new Proton brand models in Malaysia.
CMA would allow Geely to develop, design, and build various compact vehicles with similar mechanical layout faster and cheaper.
CMA, along with the B-segment modular architecture (BMA) platform for smaller cars, allows Geely to harness Volvo's technologies and Geely's capabilities in cost control, supply chain management, and local production.
The automaker also plans to use CMA or other related product platforms, such as BMA, in developing all its models for the Geely and Lynk & Co brands, while developing a new architecture for pure-battery electric vehicles with intelligent connectivity functions.
Geely intends to shift the development of some of its popular existing models like Borui and Emgrand sedans to those architectures.
Geely and Volvo's first joint production site in Taizhou exports Volvo Polestar 2 electric sedans to the US and Europe while developing Volvo's first battery-powered electric vehicle.
Plans are underway for Geely to export China-made Lynk & Co 01 SUVs to Europe this year.
The Hangzhou-based Zhejiang Geely Holding Group is seeking to merge the Volvo Cars business, which it bought in 2010, with its Hong Kong-listed Geely Automobile Holdings Ltd. worth about US$22 billion by market value.
Zhejiang Geely Holding Group also acquired a 49.9 percent stake in Proton three years ago, a 9.7 percent stake in Germany's Daimler AG, and a majority stake in British sports car brand Lotus.
