Turkey's energy minister said Turkey and Iraq signed a one-year agreement allowing use of the oil pipeline to Ceyhan.

NXP SEMI (NXPI.O) fell more than 4% after the Financial Times reported the company is in talks to acquire driver-assistance systems maker Ambarella.

Persistent heat and drought have pushed Rhine water to new lows. Cologne gauge fell to 67–68 cm on Aug. 1 local time, below the 2018 record; Duisburg‑Ruhrort dropped to 153 cm, another historical low. Sustained low water is constraining inland navigation: freight vessels cannot sail fully loaded and require split shipments, raising transport costs, reducing logistics efficiency and adding pressure to the German economy.