Festival cancellation and Universal takeover bid

Over several days, Ukrainian drones have repeatedly struck oil export facilites in Primorsk and Ust-Luga in the Baltic Sea, and Novorossiysk in the Black Sea. Seaborne exports of Russian crude oil have been reduced as a result.

Troubled airline Air India is on the lookout for a new CEO after Campbell Wilson announces he's stepping down as chief executive.

And a US hedge fund has launched a takeover bid for the world's biggest music company, Universal Music Group.