Top Financial Stories: Shell Cuts, X Faces Brazil Ban, Thyssenkrupp Exodus

Today's Financial Times highlights critical developments: Shell's workforce reduction in oil and gas units, Elon Musk's X facing a potential ban in Brazil, and the resignation of Thyssenkrupp Steel executives amidst acquisition tensions.

The Financial Times covers major shifts in global business today. Shell has announced plans to cut 20% of its workforce in oil and gas exploration units as part of a cost-cutting initiative by CEO Wael Sawan.

Elon Musk's X is preparing for a ban in Brazil after failing to appoint a legal representative within a 24-hour deadline. The situation has escalated following disputes with a Brazilian judge.

Leading executives at Thyssenkrupp Steel have resigned amid increasing tension over the company's potential acquisition by Czech billionaire Daniel Kretinsky. This internal turmoil at Germany's largest steel maker has now become public.