Volkswagen approves a sweeping restructuring plan that includes up to 50,000 additional job cuts, marking one of the largest overhauls in the company’s history. The automaker says the changes are meant to make it more agile as it faces rising costs and tougher competition across the global car market.

The US trade deficit widens sharply in July to $88.6 billion, the highest level since early 2025. The 24.4% month-on-month increase is driven by stronger imports, especially computers and other technology equipment, reflecting heavy demand tied to the buildout of artificial intelligence infrastructure.

Adobe names Anil Chakravarthy as its next chief executive, elevating the current head of its customer experience business to succeed Shantanu Narayen. The leadership change puts a longtime senior executive in charge as the software company navigates the next phase of growth and competition in digital and AI markets.

Maria Bartiromo leaves Fox News and Fox Business, ending a run of more than 12 years with the company. Fox News Media says the separation is effective immediately and thanks her for her service, closing the chapter on one of the most prominent on-air business news tenures in cable television.

India’s Supreme Court dismisses SEBI’s appeals against the National Stock Exchange after a settlement worth about ₹1,500 crore. The decision brings an end to the regulator’s legal challenges tied to the exchange’s market data infrastructure arrangements and closes a long-running dispute between two major market institutions.

A Delhi court grants bail to former minister and AAP leader Satyendar Jain in a corruption case tied to alleged irregularities in Delhi Jal Board sewage treatment plant tenders. The court orders his release after submission of a bail bond and sureties following his arrest by the Anti-Corruption Branch.