Companies
EU-Staaten streiten über den Zugang der Schweiz unter dem vorgeschlagenen Label „Made in Europe“
Deutschland unterstützt eine Strategie unter dem Motto „Made with Europe“, die auch die Schweiz einschliesst, während Frankreich und andere auf eine Marke begrenzt auf die 27 EU-Mitgliedstaaten verzichten. Der Streit dreht sich um das Gesetz zum Industrielle Beschleuniger und den gesetzten Termin am 3. Dezember.
MV Invest erhält die Zustimmung der FINMA und erweitert das Immobiliengeschäft
Der Schweizer Immobilien-Spezialist MV Invest hat die Bewilligung von der FINMA für das Assetmanagement von Kollektivvermögen erhalten. Das Unternehmen übernimmt auch das Management eines Fonds und stellt eine neue Immobilienstrategie vor.
Sygnum Partners With Nu Global to Bring Crypto Infrastructure to Latin America's Largest Digital Bank
Swiss crypto bank Sygnum will provide banking and custody infrastructure for Nu Global's international rollout, serving 140 million customers across Brazil, Mexico and Colombia.
Die VAE investieren 46,4 Milliarden USD in Deutschland, mit dem Schwerpunkt auf Rechenzentren
Die Vereinigten Arabischen Emirate planen Investitionen in Höhe von 40 Milliarden Euro in Deutschland, wobei die Infrastruktur für Rechenzentren und KI die wichtigsten Bestandteile der Investitionen darstellen. Die beiden Länder wollten auch die Verteidigungskooperation vertiefen.
Nestlé muss mit Zwangsabnahmen von Vermögenswerten rechnen, das potenzielle Geschäft in Russland ist bedroht
Der Schweizer Konzern Nestlé verzeichnet einen Rückgang der Aktienkurs, da Russland zwei Tochtergesellschaften gesundheitsrechtlich übernommen hat. Damit sind Bedenken hinsichtlich eventueller Abschreibungen und Betriebsunterbrechungen angesiedelt.
Helvetia Baloise verzeichnet für H1 2026 einen Ergebnisanstieg von 25,7 %; das RoaE erreicht 18,7 %
Der Schweizer Versicherer erzielte einen Ergebnisbeitrag von CHF 632 Millionen, eine Jahreswachstumsrate von 25,7% und eine jährlich berechnete Rendite auf das bereinigte Eigenkapital von 18,7%, was das Ziel von 16 bis 18% übersteigt.
Schweizer Wirtschaftskalender: Zinsentscheid der SNB, Unternehmensgewinne sind diese Woche wichtig
Der wirtschaftliche und branchenspezifische Kalender der Schweiz enthält Bewertungen der SNB, wichtige Ergebnisse sowie die Einführung von Strategien in den Bereichen Bankwesen, Immobilien und Industrie.
AEG stellt auf der IFA 2026 neue Geräte vor, gestützt von starkem Wachstum in Deutschland
Das Marke im Besitz von Electrolux präsentierte intelligente Innovationen für die Küche und das Wäschewaschen auf der Messe in Berlin, da die Muttergesellschaft Electrolux für 2026 ein EPS von 0,20 USD und eine bescheidene Umsatzsteigerung von 1 % prognostiziert.
Bitcoin Suisse to Cut Up to Half Its Swiss Staff in Restructuring Push
The Zug-based crypto firm is laying off up to 50% of its local workforce as it pivots from domestic trading to global wealth management, relocating back-office operations to Bratislava and Vietnam.
Covenant to build long-range cruise missiles in Germany
US-Israeli defense startup Covenant plans Leipzig production of its Anthem missile for European customers, targeting 5,000 units a year from 2027.
SGS-TÜV Saar listed by Germany's KBA for automated vehicle training
The company has been added to the Federal Motor Transport Authority's register of authorized technical services for GRA training, expanding its vehicle homologation offerings.
UBS Shares Fall 4.7% After Bank of America Flags Flat Trading Revenues
UBS shares dropped as much as 4.7% to 41.31 francs after Bank of America CEO Brian Moynihan forecast relatively stable Q3 trading revenues, raising concerns about the Swiss bank's record trading performance.
Nestlé says growth reset gains pace as RIG improves to 1.8% in Q2
Nestlé CFO Anna Manz said real internal growth accelerated from 1.2% in Q1 to 1.8% in Q2, with H1 cost savings of CHF 600 million and UTOP margins expected above 17%.
Confidence Prevails at Structured Products Forum in Interlaken
The International Structured Products Forum in Interlaken saw an optimistic tone driven by strong market performance, while speakers addressed regulatory challenges in Switzerland and the EU.
Akara Swiss Diversity Property Fund posts stable H1 2026, completes CHF 215m capital increase
The Swiss property fund reported a 2.56% H1 return, lifted rental income by over 9% to CHF 54m and reduced its leverage ratio to 20.73% after an oversubscribed CHF 215m issuance.
Künzli CEO Roberto Martullo seeks Bally takeover amid bankruptcy
Swiss shoe maker Künzli's owner proposes buying the distressed Bally brand, its boutiques and production assets as the former luxury footwear group faces insolvency and a CHF 20 million debt pile.
Goldman Sachs and Deutsche Bank Offer Credit Baskets on French Election Outcome
Banks are marketing AT1 bond baskets and total-return swaps tied to France's April presidential vote, as political risk and a budget deficit above 5% weigh on French credit spreads.
Swiss Board Members Compete at First VR Open Golf Event in Sempach
Nine foursome teams from across Switzerland took part in the inaugural VR Open, a scramble-format networking tournament for corporate board members at Golf Sempach.
Etops Names Christian Lanzendorf Head of IFA for Germany
Swiss wealth-management tech firm appoints veteran with over 30 years' experience to lead its independent-financial-advisor business and join the group executive board.
Swiss Re: KI und Investitionen in Energie könnten bis 2030 die industriellen Versicherungsprämien um 200 Milliarden USD erhöhen
Das Swiss Re Institute sagt, dass der globale Investitionsboom in Datacentern und Energieinfrastrukturen von 2026 bis 2030 Prämien in Höhe von 200 Milliarden Dollar generieren könnte und gleichzeitig die Risikokonzentration anwächst.
Deutschland wird nach einem missglückten Drone-Angriff ein Anti-Sabotage-Schutzsystem einrichten
Innenminister Alexander Dobrindt kündigte ein Massnahmenpaket für die Polizei, Cyberpunkte und KI an, mit dem Flughäfen, Verkehrsknotenpunkte und kritische Infrastrukturen vor Drohnen- und Sabotagebedrohungen geschützt werden sollen.
Luxembourg fund law firm Leroy & Goldbach opens Zurich office
The Luxembourg-based advisory firm expands into Switzerland to serve Swiss and Liechtenstein fund managers, citing complementary roles of the two jurisdictions in European asset management.
Das Trio von HSBC eröffnet eine unabhängige Vermögensberatungsboutique in Zürich
Die Global Strategic Advisory Group eröffnet ein Büro in Zürich mit den ehemaligen Bankfachleuten von HSBC und Credit Suisse Patrick D'Amico, Thomas Schaad und Christian Hiller.
Swiss regional banks' confidence in Finma hits record low, survey shows
Confidence in the Swiss financial regulator plunged to its lowest level since 2015 amid concerns over tighter oversight and regulatory costs, while current business conditions remain robust.
Partners Group faces €6bn refinancing challenge for three portfolio firms
Swiss asset manager Partners Group must refinance roughly €6 billion of debt owed by Emeria, Ammega and Breitling, with maturities in 2027‑28 and loans trading below par.
Swiss banks post record 2025 profits, eye 2026 growth despite staff cuts
Swiss banking sector’s aggregated business success rose 5.8% to CHF 73.8bn in 2025, a record surpassing 2006 levels. Managed assets hit CHF 10.12tn in H1 2026, while headcount fell 2.5% to 92,002 FTEs.
VW’s Blume says half of planned job cuts must be in Germany
Volkswagen CEO Oliver Blume told staff that roughly half of up to 50,000 additional global layoffs would occur in Germany as part of a cost-cutting drive. The plan aims to slash €10 billion in overheads amid weak China demand and unused capacity.
UBS ranks Switzerland’s most desirable residential locations
UBS study finds medium-sized Swiss cities outperform large urban centers on cost and livability, with Freiburg, Solothurn and Aarau leading in affordability. Nine of ten regions favor mid-sized towns over metropolises.
VP Bank reports 1.4 bln CHF net new money inflow in H1, eyes Asia expansion
CEO Urs Monstein outlines turnaround progress, with net new money at 1.4 bln CHF in the first half and a focus on cost discipline, Asian growth and potential acquisitions. Cost/income ratio falls to 78.8%.
Swiss changes in September: Gotthard tunnel closures, dog bans and wage hikes
Switzerland implements new regulations including Gotthard tunnel night closures, a dog ban in Schwyz offices, Basel-Stadt wage increases, and revised federal prosecutorial rules. Ebookers halts Swiss bookings.
AIG appoints Allianz’s Anthony Vassallo as global energy head
Vassallo, who spent over two decades at Allianz, will succeed Warren Meigs, who is retiring after 33 years at AIG. The move underscores AIG’s focus on specialty lines.
Helvetia launches mid-tier auto insurance covering total loss after collisions
New 'Totalschadenkasko' policy offers partial coverage plus total-loss protection after self-inflicted crashes at roughly one-third the cost of full collision insurance, Helvetia says. Demand strongest among owners of 10-year-old vehicles priced around 44,000 francs when new.
Kühne’s $42 bln fortune to pass to Swiss foundation after death
The estate of the late logistics magnate Klaus-Michael Kühne will be managed by a Swiss foundation, with Kühne + Nagel as its core holding. Succession questions arise amid sector consolidation.
Swiss canton rejects plan to redistribute BLKB profits to municipalities
Baselland government opposes initiative to divert one-third of Basellandschaftliche Kantonalbank earnings to local communities, citing risk exposure and lack of ownership.
Zurich Insurance appoints Liz Padley as Group Treasurer
London-based Barclays executive Liz Padley succeeds Smriti Dahiya at Zurich Insurance, bringing over two decades of banking and capital management experience to the Swiss insurer.
Cham Swiss Properties posts 5% rise in H1 2026 rental income
Swiss real estate firm reports CHF 13.7 million in rental revenue, down from CHF 37.3 million in asset sales a year ago. Six projects worth CHF 172 million underway.
Powerus starts counter-drone production in Gulf region
U.S. firm begins manufacturing Guardian interceptors in GCC as part of partnership with regional defense manufacturer. Merger with Aureus Greenway Holdings expected to close in Q4 2026.
JetBlue to open second BlueHouse lounge in Boston next week
New 12,000 sq ft BlueHouse lounge at Boston Logan International Airport opens Thursday, expanding JetBlue's premium airport hospitality. Complimentary access expands to Mint and Mint Flex fare customers.
German logistics tycoon Klaus-Michael Kuehne dies at 89
Founder of Kuehne + Nagel, one of Germany's wealthiest investors, transformed the company into a global logistics leader before stepping back in 2011.
Logistics tycoon Klaus-Michael Kühne dies at 89
Kühne+Nagel founder and majority shareholder Klaus-Michael Kühne dies; fortune to pass to Kühne Foundation. Former Lufthansa and Hapag-Lloyd investor.
Logistics billionaire Klaus-Michael Kühne dies at 89
Kühne+Nagel founder and majority shareholder Klaus-Michael Kühne dies after brief illness. His fortune is expected to transfer to the Kühne Foundation.
Celsius Resources files disbarment complaint against Philippine law firm
Complaint targets senior partners at Sarmiento Loriega Law, including firm founder Julito Sarmiento, over alleged professional misconduct tied to Makilala Mining governance.
Partners Group exits Private-Credit stake in Gong cha
Swiss asset manager sells stake in global bubble tea chain after seven-year investment. Financial terms undisclosed as TA Associates sells to Bain Capital.
Temenos named Gartner ‘Leader’ in European retail core banking systems
Temenos ranked highest for ‘Completeness of Vision’ in Gartner’s 2026 Magic Quadrant for retail core banking systems in Europe. Temenos said it invests about 20% of revenue annually in R&D.
Swiss economic calendar: August 24-31, 2026
Over 30 Swiss companies and institutions to release half-year earnings and key economic data, including UBS-CFA Index, KOF barometer and SBB H1 results.
FinCEN targets Swiss bank over alleged dirty money ties
MBaer Merchant Bank faces U.S. sanctions threat over claims of links to Venezuelan, Russian and Iranian funds. Swiss regulators and bank deny wrongdoing.
AfD leads polls in Saxony-Anhalt election as far-right eyes federal power
Far-right Alternative for Germany holds 41% support in state vote set for Sept. 6, ahead of CDU at 24%, as party eyes first government role and broader national ambitions.
Pentagon removes leadership of U.S. military newspaper Stars and Stripes
Editor-in-Chief Erik Slavin and publisher Max Lederer dismissed; correspondent Lara Korte also removed after statements critical of Pentagon oversight. Changes follow appointment of a military deputy to oversee the newspaper.
U.S. Army Secretary Dan Driscoll expected to resign by year-end
Resignation follows months of tension with Defense Secretary Pete Hegseth. Leadership changes add to Pentagon upheaval under Trump’s second term.
Fannie Mae cuts 12 executives amid efficiency push
Government mortgage giant Fannie Mae eliminated roles across finance, regulatory and housing units this week as part of a broader technology-driven restructuring.
Cytek Biosciences prevails in patent dispute with $56 million jury award
Cytek wins three of four claims in Delaware court case against Beckman Coulter, securing $56 million in damages but plans to challenge remaining finding and appeal if necessary.
U.S. issues licenses to expand investment in Venezuela’s telecom sector
Two Treasury Department general licenses permit new contracts, infrastructure upgrades and payment processing for Venezuelan telecom firms. Licenses published Friday allow broader business engagement while maintaining sanctions framework.
FDA clears 11 ZYN ULTRA nicotine pouch products for Philip Morris
Regulator authorizes all 9mg variants and one 11mg variant of ZYN ULTRA, while additional 11mg products remain under review. PMI plans to expand its smoke-free portfolio.
U.S. Education Department moves to strip ABA of law school accreditor status
Federal review finds American Bar Association's legal education council lacks independence; revocation could disrupt law school accreditation and bar exam access. ABA disputes findings ahead of September hearing.
Allianz Commercial appoints Emma Woolley as global specialty president
Woolley will lead specialty lines and UK operations, joining Allianz Global Corporate & Specialty SE board and reporting to CEO Thomas Lillelund. Appointment pending regulatory approval.
LiveWire begins U.S. deliveries of S4 Honcho Trail electric motorcycles
First production units shipped to U.S. dealers as part of LiveWire's mini-moto platform rollout. European expansion planned for fall.
Dermata opens preorders for Tome skincare product ahead of launch
Tome Foundational Treatment, priced at $178 with four weekly treatments, begins shipping on Aug. 25. Subscribers receive a 10% discount on the direct-to-consumer product.
Airbus softens return-to-office policy after union protests
Aerospace giant backs away from mandated four-day on-site work after strikes in Spain and France over teleworking terms. CEO cites need for gradual transition amid workforce feedback.
Judge trims Ben & Jerry's lawsuit against Unilever, Magnum as defendant
A U.S. judge dismissed seven claims in a dispute over alleged suppression of activism and withheld payments, leaving two payment-related claims and part of a governance dispute intact. Magnum Ice Cream now leads the case.
Southern Water’s credit outlooks upgraded by Moody’s and S&P
Moody’s shifts outlook to positive, S&P revises to stable, as degearing and shareholder support bolster credit profile ahead of 2029 targets.
China’s offshore trust tax crackdown forces wealthy investors to reassess holdings
New 20% levy on offshore trusts and stricter reporting rules prompt China’s super-rich to unwind structures, liquidate assets or seek alternative offshore arrangements amid broader tax enforcement push.
Trump-backed IndyCar race in D.C. secures Boeing, Starlink, Delta as sponsors
The Freedom 250 Grand Prix, a 250-mile race through downtown Washington, D.C., has attracted major corporate backing including Boeing, SpaceX’s Starlink, and Delta Air Lines, with President Trump set to attend.
Judge dismisses most of Ben & Jerry’s lawsuit against Unilever
Manhattan judge narrows case alleging Unilever sought to silence activism and withheld payments, shifting focus to missed settlement funds.
Aramark expands NCAA partnerships with Florida State, Texas State
Foodservice provider secures multi-venue deals at two universities, enhancing athletic facility operations and nutrition programs ahead of the 2026 NCAA season.
Aminex unit issues dispute notice over Tanzania gas project delays
Ndovu Resources alleges operator ARA Petroleum breached obligations under the 2026 work program for the Ntorya Gas Development, triggering a 90-day dispute resolution window.
J&T Express posts 124% profit surge as non-China revenue hits 50%
First-half profit more than doubled to $350.6 million on a 39.5% revenue rise, with half of sales now generated outside China. The express delivery group raised 2026 capex guidance to $800-900 million.
Lombard Odier posts 25% profit rise, record assets under management
Swiss private bank reports 9% revenue growth to CHF 740 million in H1 2026, with client assets hitting CHF 239 billion. CET1 capital ratio at 31% exceeds regulatory minimum.
Ex-Google engineer’s conviction for AI trade secrets theft partially overturned
A U.S. judge vacated seven economic espionage counts against Linwei Ding, citing insufficient evidence of intent to benefit China, while upholding his conviction on trade secrets theft. Sentencing set for September 1.
German imports from China surge 8.8% in H1 2026 as trade deficit widens
China remains Germany's top trade partner by turnover, but exports to Beijing fell 12.2% as Beijing's industrial policy fuels overcapacity. Total trade deficit with China jumps to €52.7bn.
LGT posts 17% profit gain as assets top CHF400bn in H1 2026
Private bank’s net new money inflows hit CHF12.3bn, lifting managed assets to a record CHF412.6bn. CET1 ratio declines to 18.0% as costs rise 2%.
China Evergrande founder sentenced to life in prison for fraud
Hui Ka Yan, founder of the world’s most indebted property developer, received a life sentence with asset forfeiture after eight charges including fraud and misuse of funds. Verdict delivered in Hong Kong on Thursday.
Headhunter Jauch: Balancing growth and risk key to sustainable private banking
Headhunter Reto Jauch argues that Swiss private banks must blend aggressive growth with disciplined risk management, with robust governance and compliance at the core of long-term stability.
Ares Management in talks for stake in Kolkata Knight Riders
U.S. alternative asset manager Ares Management is exploring a minority investment in the Indian Premier League franchise, according to sources. No final terms have been agreed.
Trump orders U.S. to triple annual rocket launches to 1,000 by 2030
Executive order aims to boost private spaceflight, accelerate Moon base plans, and streamline regulatory approvals. SpaceX accounted for 170 of 178 U.S. launches in 2023.
Swiss EAMs face eight key trends amid market shifts
Consolidation, specialization and evolving client needs are reshaping Switzerland’s independent wealth management sector, with professionalization and risk management gaining prominence.
19 Brazilian cities join Vale-BHP dam collapse compensation deal
Total compensation package reaches 170 billion reais as 45 of 49 eligible municipalities now participate. Four cities remain outside the agreement.
CPPIB reports senior departures across multiple investment divisions
Canada Pension Plan Investment Board confirms exits in risk, credit, real assets and sustainable energy units amid routine staffing adjustments. Assets under management total C$863.6 billion.
Switzerland, China conclude trade deal to boost Swiss exports
Nearly all Swiss goods will enter China tariff-free under modernized pact, eliminating longstanding imbalance in bilateral trade terms.
Abbott settles $495 million infant formula appeal
Pharma giant Abbott Laboratories resolves appeal of a Missouri court verdict tied to claims its formula caused a severe infant bowel condition, terms undisclosed.
AI bots waste millions of hours of scammers' time, firms say
Australian startup Apate deploys nearly 200,000 AI personas to engage fraudsters, extracting intelligence for banks and telcos while disrupting illicit operations.
HOOPP names interim private equity heads after senior exit
Mark Cormier and Roman Gula appointed as acting co-heads following departure of global private equity head Lori Hall-Kimm. Private equity assets under management rise to C$24.2 billion.
DX expands global delivery network to 220 countries with new portal
UK logistics firm DX Group rolls out international parcel and freight service to 220 countries via road and air networks, backed by a digital booking and tracking portal.
Aon names Doug Hammond to lead middle market segment
Hammond, formerly NFP CEO, will oversee Aon’s middle market strategy globally. Three NFP executives promoted alongside the transition.
Bank of America reshuffles Asia Pacific industrials banking leadership
Yuta Komori named chair of Asia Pacific Global Industrials Investment Banking while Meng Gao and Masashi Toda appointed co-heads in a regional restructuring.
FCC probes Disney’s DEI practices as agency defends investigation
FCC Chair Brendan Carr says no decision has been made yet on revoking Disney’s ABC licenses amid a probe into diversity initiatives. The agency faces pushback over its early review of the broadcaster’s eight owned stations.
Taboola to power NBC News display ads in expanded deal
Partnership expands beyond native ads to programmatic display campaigns on NBCNews.com and TODAY.com, leveraging Taboola's Realize platform for performance-based advertising.
Total Wireless, Western Union expand money transfer services to 2,000+ U.S. stores
Partnership enables fee-free monthly transfers for eligible customers through 2026. Services include bill payments and money orders alongside 5G plans.
U.S. sanctions British Virgin Islands firm linked to Venezuela oil sector
Sanctions target Bluwaves Properties Limited, an offshore entity with ties to North American Blue Energy Partners, a major Venezuelan private oil producer. The move follows a $300 million sale by U.S. energy magnate Harry Sargeant III.
Swiss financial planner flags 'fourth pillar' of retirement savings
A Zurich-based financial planner estimates a 40-year-old needs an extra CHF 570,000 to maintain a CHF 100,000 annual retirement income. ETF savings plans and Pillar 3a tax-advantaged accounts cited as key tools.
Raiffeisen ex-CEO Vincenz awaits appeal verdict in Zurich
Former Raiffeisen and Aduno executives face reduced sentences after appeal hearing highlights disputes over hidden stakes, loan payments and alleged financial harm.
SolvChem secures expanded credit facility from Amegy Bank
The $14 billion-asset Amegy Bank unit boosts SolvChem’s revolving and term-loan capacity to fund new production lines and organic expansion. Westlake Securities acted as sole financial adviser.
KeyBanc analyst cites pricing shift, growth durability and valuation as tech M&A catalysts
KeyBanc Capital Markets analyst Jackson Ader says a move to consumption‑based pricing, sustained growth confidence and a 26% drop in software valuations could speed tech mergers and acquisitions.
Square, OpenTable deepen integration to unify restaurant reservations and payments
Partnership expands to link reservation data with Square’s transaction and guest analytics across six countries, aiming to streamline operations for 70,000+ venues.
Daimler Truck ordered to pay manager €210,000 in gender pay dispute
A female manager at Daimler Truck won a legal battle over alleged gender pay discrimination, securing back pay for 2018-2022. The court ruled in her favor after Daimler failed to disprove bias claims.
Disney, ABC sue FCC over broadcast license review threat
Media giant files lawsuit to block early license reviews for eight ABC stations, alleging regulatory retaliation over editorial decisions. FCC cites diversity policy investigation as justification.
Home Depot rolls out nationwide three-hour express delivery service
Flat-fee service leverages 2,200+ U.S. stores for rapid fulfillment of hardware, tools and paint to doorsteps and job sites. No subscription required.
Academic Alpha appoints Harald Reczek as Partner and Head of Business Development
Reczek brings over two decades of asset and wealth management experience from EFG International, Credit Suisse and Deutsche Bank to Academic Alpha’s Bern-based team.
Morgan Stanley tracks pet food and cat litter sales trends amid shifting consumer demand
Pet category growth edged higher in the latest four-week period, with branded players gaining share while private labels cooled. Morgan Stanley cites NielsenIQ data covering major retailers and e-commerce platforms.
German gaming hardware prices surge amid chip shortages and AI demand
Hardware spending in Germany fell 8% in H1 2026 as chip scarcity and AI-driven RAM costs pushed prices higher. Gamescom 2026 prepares for record exhibitor turnout amid industry shifts.
Swiss Senate panel backs immigration fee for EU workers under Bilateral III
Committee proposes levy on EU and third-country employees if post-agreement migration surges, with proceeds earmarked for domestic labor incentives and population distribution.
Walmart Relies on Advertising Revenue as Core Retail Growth Stagnates
Advertising dollars are providing crucial support for Walmart as traditional retail performance slows.
Foxconn Unit Acquires Mexico Land Holding for $382.8M
A subsidiary of Foxconn has purchased land in Mexico for $382.8 million to expand its operational footprint.
Migros Bank Seeks Retail Banking Head After Schawalder's Departure
Markus Schawalder, head of retail banking and executive board member at Migros Bank, is leaving to pursue new professional opportunities.
Lloyds Banking Group Announces Plan to Redeem £500M Subordinated Debt
Lloyds Banking Group has announced plans to redeem £500 million in subordinated debt, according to a corporate filing.
Diageo Appoints Former P&G Beauty CEO Alex Keith to Board
Diageo has announced the appointment of Alex Keith, former CEO of Procter & Gamble's Beauty business, to its board of directors.
PSP Swiss Property Boosts First-Half Profit on Richtipark Sale
Swiss real estate firm PSP Swiss Property posted higher earnings in the first half of 2026, supported by the sale of the Richtipark development project and a credit rating upgrade from Moody's.
Mowi Posts Q2 Loss on Biomass Writedown Despite Solid Salmon Operations
Salmon producer Mowi reported a second-quarter net loss driven by a biomass writedown, which offset strong underlying operational performance.
Galderma Secures EU Approval for Restylane Shaype Injectable
Galderma has obtained European Union approval for Restylane Shaype, a hyaluronic acid injectable designed for chin augmentation.
Mexican banks settle bond price-fixing lawsuit for $86.4 million
Banorte, BBVA Mexico and others resolve U.S. lawsuit alleging collusion in Mexican government bond prices. Settlement avoids prolonged litigation.
SouthState Bank launches banking unit for government contractors
New unit aims to serve U.S. government contractors with tailored financial services, expanding SouthState's commercial banking footprint.
DayOne secures $530m green loan for Singapore data center
Singapore-based DayOne raises $530m in financing for its next-generation data center, earmarked for sustainable operations and expansion.
Aon launches Sidecar X insurance platform with $200 million capacity
New platform aims to enhance capital efficiency for insurers through reinsurance solutions. Capacity to support up to $200 million in transactions.
Silvio Denz, Peter Spuhler revive historic Zurich villa as luxury hospitality hub
The Villa Florhof, once home to 48 owners, reopens under Silvio Denz and Peter Spuhler as a high-end restaurant and hotel after a three-year restoration. The project blends gastronomy with hospitality innovation in Zurich’s historic landscape.
Lazard names Credit Suisse veteran Marco Superina as Switzerland head
Former Credit Suisse executive to lead Lazard's Swiss operations and oversee DACH region from Zurich. Veteran brings decades of Swiss financial market experience.
Nvidia to invest $1.5 bln in SB Energy for OpenAI data centers
Chipmaker backs renewable energy provider to power AI infrastructure expansion under OpenAI’s data center agreements.
BASF warns of supply constraints due to low Rhine water levels
German chemicals giant cites reduced cargo capacity on Europe's key waterway as output impacted.
Cargill workers vote to end dispute at US beef plant
Union vote clears path for resumption of operations at Wyalusing, Pennsylvania facility after six-week shutdown.
XP Inc seeks U.S. banking license to expand financial services
Brazilian fintech firm XP Inc plans to apply for a U.S. banking license, aiming to broaden its financial services offerings beyond Brazil and Latin America.
PicPay integrates ChatGPT for customer queries in Brazil
Brazilian fintech PicPay partners with OpenAI to deploy AI-driven customer service for account-related questions, aiming to enhance efficiency and reduce operational costs.
Textron Aviation delivers 500th Cessna Citation CJ4 jet
Milestone delivery underscores strong demand for light business jets amid robust private aviation market activity.
DraftKings secures $1.35B in financing via loans and credit
Gaming company DraftKings raises $600M in a term loan and $750M in a credit facility to bolster liquidity and refinance existing debt.
KBR wins $60 million NATO contract for PATRIOT defense system
Contract awarded to support NATO’s PATRIOT missile defense systems amid heightened security concerns in Europe.
Pentagon, Boeing, RTX sign contracts to expand missile production
U.S. defense contractors secure multibillion-dollar deals to increase missile output amid rising global security concerns.
Pentagon awards Boeing, RTX contracts to expand missile interceptor production
U.S. Department of Defense secures supply chain boost for missile defense systems via new agreements with Boeing and RTX.
Commerzbank CEO’s cost cuts may clash with culture, analysts warn
Profit-focused restructuring under Orcel risks undermining staff morale and long-term stability at Germany’s second-largest lender.
oOh!media posts 1.4% revenue rise in H1 2026, margins under pressure
Australia’s largest out-of-home advertising group reported a modest revenue increase for the first half of 2026, with operating margins constrained by a shift in business mix.
oOh!media flags softer H1 2026 profit, outlines rebound plan
Outdoor advertising firm oOh!media reports lower-than-expected first-half 2026 earnings but signals recovery through cost cuts and market share gains.
U.S. data center growth slows amid labor shortages
Construction delays and rising costs risk extending timelines for new facilities as demand from AI and cloud providers surges.
EMA validates Pfizer-Valneva Lyme vaccine application
European regulator accepts joint submission for VLA15 Lyme disease vaccine, clearing next regulatory hurdle.
Trump orders U.S. Navy shipbuilding overhaul, new shipyard
Executive action directs modernization of naval shipbuilding infrastructure and construction of a new shipyard, aiming to enhance fleet capacity and industrial base resilience.
OpenAI’s revenue run rate exceeds $40 billion, Bloomberg reports
Revenue surge driven by AI services and enterprise demand, Bloomberg cites people familiar with the matter. Valuation discussions intensify amid growth.
Baltimore sues Kalshi over alleged illegal sports betting via prediction markets
City alleges prediction market platform operated unlicensed sports wagering in violation of state gambling laws; Robinhood, Webull and Coinbase named as partners.
AIG introduces parametric cloud outage insurance product
Insurer AIG unveils a first-of-its-kind parametric insurance solution designed to cover financial losses from cloud service disruptions. The product targets enterprises reliant on cloud infrastructure.
A10 Networks unveils AI gateway for enterprise model management
New platform aims to streamline AI deployment across large-scale enterprise environments while addressing scalability and security challenges.
Viscaria Advances Q2 2026 Mine Build as Financing Nears
Viscaria reported progress on its upcoming mine construction slated for the second quarter of 2026, with project financing nearing completion.
Samsonite Agrees to Acquire Lifestyle Brand Béis for $210 Million
Luggage maker Samsonite has announced a deal to acquire lifestyle and travel accessories brand Béis for $210 million.
Moody's Revises Constellium Outlook to Positive on Financial Results
Rating agency Moody's has upgraded its outlook for Constellium to positive following strong recent business results.
Chevron Appoints Uriel Oseguera as Treasurer
Chevron has announced the appointment of Uriel Oseguera as its new treasurer, with the transition taking effect in November.
Europe's tourism sector hit by extreme heat, wildfires
Record temperatures and wildfires disrupt travel plans as tourists seek cooler destinations and flexible options. Industry faces rising costs and operational challenges.
Bemobi Q2 2026 revenue driven 70% by payments after shift
Payments now account for 70% of Bemobi's Q2 2026 revenue following a strategic business transformation, according to company slides.
Mirae Asset Securities posts record Q2 2026 profit
South Korean brokerage reports highest-ever quarterly earnings, driven by strong trading volumes and asset management growth.
Eli Lilly to deploy Veeva Vault CRM globally
Pharmaceutical giant Eli Lilly selects Veeva Systems' cloud-based CRM platform to standardize commercial operations across international markets.
UK approves Eli Lilly’s oral weight-loss pill orforglipron
Medicines regulator grants approval for Eli Lilly’s oral GLP-1 therapy, marking the first non-injectable alternative in the UK’s obesity treatment market.
Americans tap home equity as cash crunch deepens
Mortgage holders withdraw funds via HELOCs and cash-out refinancing amid rising living costs and tight credit conditions. Data shows record usage in 2024.
FINMA issues new ordinance on risk diversification for banks and securities firms
Switzerland's financial regulator FINMA consolidates two circulars into a single ordinance to meet format compliance under the Financial Market Supervision Act.
ClearJet secures $25 million Series B to expand AI cargo platform
Austin-based ClearJet, which matches shippers with unused cargo space on commercial flights using AI, raised $25 million in a Series B round led by Edison Partners.