The European Commission, the EU’s executive arm, said it had opened formal proceedings against the Chinese e-commerce platform to assess whether it may have breached Europe’s digital services regulations.

Estee Lauder withdrew its outlook for the current year, citing uncertainty around the pace of recovery the China and Asia travel retail markets, as well as recent leadership changes.

The Australian iron-ore giant is considering a big new mine in Gabon but first has to work out how it can transport the steel ingredient for export.

Budweiser brewer Anheuser-Busch InBev posted sales volumes that fell by more than analysts had expected, dragged by a weak consumer backdrop in China and Argentina.

Aker Solutions reported below-forecast third-quarter results but said its outlook remained positive with high tender activity.

Australian grocer Woolworths expects fiscal first-half earnings in its key Australian food division to be below previous expectations, as customers continue to be price conscious when facing cost of living pressures.