Business
Partners Group Opens Stockholm Office to Boost Nordic Private-Markets Push
Swiss private-markets manager adds a Stockholm presence, bringing its global managed assets to $186 billion, as it seeks to deepen investments and capital-raising in the region.
Novartis Cholesterol Trial Failure Stalls $5B Lp(a) Drug Race
Novartis' pelacarsen lowered lipoprotein(a) but missed cardiovascular outcomes, dealing the first major setback to the multibillion-dollar race for an Lp(a) treatment.
TikTok to Take 150 Megawatts at Finnish Data Center as Part of €12B EU Privacy Push
ByteDance-owned social media giant said it will secure 150 megawatts of capacity at a Kouvola site, part of Project Clover, its €12 billion effort to strengthen European user-data protections.
Silver Lake to merge Cegid and Silae in €10bn AI-focused deal
Silver Lake will combine French software firms Cegid and Silae in a transaction valued at over €10 billion, creating a pan‑European platform with a 1,400‑person development team to invest in AI.
UAE to invest $46.4bn in Germany, focusing on data centers
The United Arab Emirates plans to invest 40 billion euros in Germany, with data center infrastructure and AI forming key parts of the investment. The two countries also aim to deepen defense cooperation.
Aldermore statutory profit falls 74% on motor finance redress charge
The UK bank reported £51.2 million in pre-tax profit for the year to June 30, dragged down by a £164.8 million FCA motor finance redress provision.
UBS posts Q2 2026 net profit of $2.8bn, 1H profit $5.8bn, assets $7.3tn
UBS Group AG reported a $2.8 billion net profit for the second quarter and $5.8 billion for the first half of 2026, with invested assets reaching $7.3 trillion and integration of Credit Suisse on track.
CNBC source lacks details on premarket stock movers
The provided CNBC source contains only navigation and subscription prompts, with no substantive information about premarket movements of Peloton Interactive, Roivant Sciences, Boston Scientific or other stocks.
Kelly’s Bracket22: AI-Powered Trading Firm Reduces Costs to $30K-Yearly
Brian Kelly’s Bracket22 leverages autonomous AI agents to slash operational expenses while scaling trading capabilities—from crypto to stocks and commodities.
Sintana Energy Secures 5% Stake in Angola’s Kwanza Basin Block KON-16
Deal valued at $2.5 million includes net profit interest terms and targets pre-salt exploration by 2027, pending regulatory approvals.
System1 board rejects Brave Bison takeover bid citing unattractive valuation
System1 unanimously recommended shareholders reject Brave Bison's offer, which valued the target at an 8.1% discount to its closing price, after a months-long bid process.
Chinese Robotics Startup Accuses OpenAI of Distilling Its AI Model
JoyIn CEO Guo Renjie claims OpenAI's GPT-6 Astra replicates its Aether framework, announcing a lawsuit as U.S. agencies flag repeated Chinese distillation of American AI models.
Golding Taps Pension Veteran Markus Anliker for Swiss Board
German alternative-asset manager appoints former IST Investmentstiftung head to bolster pension-fund relationships in Switzerland.
Netherlands signs intent for Saab GlobalEye aircraft
The Netherlands has signed a letter of intent with Sweden for the purchase of a Saab GlobalEye Early Warning and Control aircraft, though no formal order has been placed.
Mission Group names Stifel as corporate broker and adviser
The AIM-listed creative and sports technology company has appointed Stifel Nicolaus Europe as corporate broker and nominated adviser, with Blackdown Partners remaining as joint financial adviser.
Primark to Launch UK Home Delivery Service After Years of Resistance
The discount retailer, owned by Associated British Foods, will begin offering home delivery in the UK, reversing its long-held stance that the service was not viable for its low-price model. The move follows the success of its click‑and‑collect offering and the acquisition of an automated fulfillment centre in Sheffield.
South32 Schedules October Vote on Alcoa Aluminium Asset Sale
South32 set an Oct. 15 annual meeting for shareholders to approve the divestiture of its aluminium value chain — excluding Mozal — to Alcoa.
UBS closes Shenzhen fund unit amid Chinese market challenges
The Swiss bank's digital platform WE.UBS is being rebranded and integrated into UBS's Chinese securities unit, while other asset management platforms in China remain unaffected.
China dismisses US AI CEOs' slowdown call as 'fear mongering'
Beijing rejects American tech leaders' push to slow frontier AI development, as its own security minister calls for accelerating AI risk infrastructure while stocks slumped.
UK flight disruptions clear; Primark to offer home delivery
Flight schedules in the UK are expected to return to normal after a technical issue caused over 2,000 cancellations. Primark's parent company plans to spin off the retailer and introduce home delivery services.
CNBC Market Data Disclaimer Notes Delayed Real-Time Snapshot
The data feed is noted as a real-time snapshot with a minimum 15‑minute delay, and its use is governed by CNBC’s Market Data Terms of Use.
Xpeng to roll out G9L SUV across 64 markets from October
The Chinese automaker will unveil the G9L at the Paris Motor Show before expanding to 64 countries and regions, producing the model at plants in China and Austria.
Zürich Airport tests fully automated shuttle buses without onboard safety staff
Zürich Airport begins pilot runs of autonomous shuttles without safety personnel, marking a first in Europe.
TSMC August Revenue Surges 53% on Sustained AI Chip Demand
Taiwan Semiconductor reported T$514.8 billion in August revenue, a 53.3% year-on-year jump, as relentless artificial intelligence demand continued to drive its most advanced manufacturing processes.
Mavi margins expand in H1 despite Turkey inflation pressure, revamps full-year outlook
Turkish denim retailer reports strong Q2 profit growth and improved gross margin, but lowers FY revenue guidance amid persistent inflation. Shares jump 8.5%.