Press Digest: Financial Times - September 21

Volvo Car AB

21/09/2026 01:05

Sept 21 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
     
Headlines
Volvo Cars chief who came out of retirement last year to hand over reins
Chevron plans drilling spree as it overhauls oil and gas search
CATL develops pick-up truck batteries for US despite trade barriers
Chinese owners launch €2.5 billion sale of Luxembourg’s oldest bank
Overview
Volvo Cars VOLCARb.ST Chief Executive Hakan Samuelsson, who came out of retirement in April 2025 following a slump in the company’s share price and struggles with the costly transition to electric vehicles, will step down. 
Chevron CVX.N plans to dramatically increase the number of wells it drills next year as part of a surge in spending,  which aims to overhaul how the US company searches for oil and gas.  
CATL 300750.SZ has developed a new battery technology for American vehicles despite the Chinese group being mostly shut out by US trade barriers amid security concerns and tense relations between Washington and Beijing.
Legend Holdings, which is the major backer of computer group Lenovo 0992.HK, is working with Goldman Sachs to sell its 90% stake in Banque Internationale à Luxembourg LU0006040975.BR.
     

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))