(FILES) The illuminated VW Logo is pictured in the customer centre at the headquarters of German carmaker Volkswagen (VW) in Wolfsburg, central Germany, on November 21, 2025. Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported on June 2026. Volkswagen is already planning to cut 50,000 jobs across its brands in Germany by 2030 as it is struggling with high costs, US tariffs and fierce Chinese competition in electric vehicles. (Photo by Ronny HARTMANN / AFP via Getty Images)

NAPA, CALIFORNIA - JUNE 25: Chriselle Lim attends The Business of Beauty Global Forum 2026 at Stanly Ranch on June 25, 2026 in Napa, California. (Photo by Monica Schipper/Getty Images for The Business of Fashion)

NAPA, CALIFORNIA - JUNE 25: Mona Kattan attends The Business of Beauty Global Forum 2026 at Stanly Ranch on June 25, 2026 in Napa, California. (Photo by Monica Schipper/Getty Images for The Business of Fashion)

This aerial photo shows the Qingdao Beihai Shipyard in Qingdao, China's eastern Shandong province on June 25, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

This aerial photo shows a new vessel leaving the dry dock for sea trials at the Qingdao Beihai Shipyard in Qingdao, China's eastern Shandong province on June 25, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

This aerial photo shows the Qingdao Beihai Shipyard in Qingdao, China's eastern Shandong province on June 25, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

(FILES) Italian Stefano Antonio Donnarumma, Chief Executive Officer and General Manager of the Ferrovie dello Stato Italiane Group (FS Italiane) poses in Naples on September 26, 2025. Stefano Antonio Donnarumma, the CEO of the Italian state-owned railway groupappointed in June 2024is set to submit his resignation to the Italian Ministry of Transport in the coming days, sources within the ministry announced on June 25, 2026. This news follows a meeting held on Thursday morning between Stefano Antonio Donnarumma, CEO of Ferrovie dello Stato (FS), and Italy's Minister of Infrastructure and Transport, Matteo Salvini. (Photo by Tiziana FABI / AFP via Getty Images)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 26, 2026. (AP Photo/Ahn Young-joon)