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The Nexus
BUSINESSJul 10 · 14:48 UTCBATON ROUGE BUSINESS REPORTSheridan White

Roundup: Oil demand / EU investigates Meta / Volkswagen shrinks

The International Energy Agency predicts a 1 million barrel per day drop in global oil demand by 2026 due to Iran-related supply issues, while the EU investigates Meta for addictive design features on Facebook and Instagram that may harm children. Volkswagen plans to cut production by 3 million vehicles globally as it faces declining sales and competition from Chinese EV makers.

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International Energy AgencyorganizationMetaorganizationEuropean UnionorganizationVolkswagenorganizationIranplaceStrait of HormuzplaceDigital Services ActtopicChinese EV Makerstopic
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