Warren Buffett’s Berkshire Hathaway has pared its stake in BYD to less than 5%, further unwinding its long-term bet on China’s largest electric-vehicle maker.
Kuehne + Nagel benefited from improving demand for air logistics during the second quarter, helping lift its profits, as supply chains became more congested during continued disruptions in the Red Sea.
Schaeffler lowered its profit and cash flow guidance for the year after peer Vitesco Technologies, which it merges with in October, warned of a slow recovery in the auto industry.
