Technology
Eurozone equities rise on oil price drop, KI optimism
European markets advanced Monday on lower crude prices and diplomatic hopes for Middle East stability, with tech stocks leading gains amid US-China KI talks.
German Dax Opens Lower on Big Expiry Day as Oil Eases, Tech Stocks Mixed
The Dax slipped 0.4% to 25,621 points at the Frankfurt open, though it remains marginally up 0.1% for the week. Tech shares showed divergent moves, with Infineon and Siltronic gaining on analyst upgrades while Deutsche Telekom fell after a negative Orange rating.
AEG Unveils New Appliances at IFA 2026, Backed by Strong German Growth
The Electrolux-owned brand showcased smart kitchen and laundry innovations at Berlin's trade show, as parent company Electrolux projects $0.20 EPS and modest 1% revenue growth for 2026.
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.
BX Digital rebrands as SeturionX under Boerse Stuttgart Group
The Swiss Finma-licensed DLT trading system will integrate with Boerse Stuttgart's pan-European Seturion settlement platform while keeping settlement processes in Switzerland.
European chip stocks rise on AI demand as Infineon gets Warburg buy
Infineon rose nearly 7% after Warburg upgraded it to Buy with a 84-euro target, while UBS lifted memory-chip revenue forecasts to $1.65 trillion by 2027.
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: AI and energy capex could add $200bn industrial insurance premiums by 2030
Swiss Re Institute says the global capex supercycle in data centers and power infrastructure could generate $200bn in premiums from 2026 to 2030 while increasing risk concentration.
Swiss SMI edges up 0.2% as Logitech and Roche lead gains, Richemont and Nestlé fall
The Swiss Market Index closed at 14,394 points, up 0.22%, driven by Logitech (+3.3%) and Roche (+2.1%). Luxury stocks lagged, while US software shares surged on Snowflake’s outlook.
Hugging Face debuts $400 Microduck robot with AI capabilities
The open-source robot, priced at $399, features walking, object manipulation and roller-skating. Developers can program new skills using reinforcement learning.
Credit Exchange CEO on scaling Swiss mortgage platform to $6 bln
Serkan Mirza discusses leading the Credit Exchange’s rapid growth, integrating AI and expanding into pensions as the B2B platform reshapes Switzerland’s mortgage market.
Global push to restrict social media access for minors gains momentum
Australia leads with a 2025 ban on platforms for under-16s; EU, U.S. and Asia follow with age restrictions, fines and verification systems amid rising regulatory scrutiny.
Microsoft faces internal scrutiny over data center environmental impact
Development chief Noelle Walsh acknowledges employee concerns about energy use, water consumption and emissions as AI-driven expansion strains sustainability goals. Company pledges stricter oversight and renewable energy buildout.
DroneShield posts 74% H1 2026 revenue growth, lifts FY guidance
Defense drone detection firm DroneShield reported AUD 126 million in first-half revenue, up 74% year-over-year, while reaffirming full-year guidance and flagging margin pressures from ERP and warehouse moves.
Sonova launches Phonak EON hearing aids with third-gen real-time AI
Swiss hearing tech leader Sonova unveils Phonak EON portfolio featuring proprietary AI chip, 37% energy savings and 50 dB wind-noise reduction. U.S. launch begins Aug. 24.
Hedge funds cut equity exposure at fastest pace in two months
Goldman Sachs Prime Services desk reduced global stock bets at a 2.3 standard-deviation pace, led by technology liquidations, while energy was the sole net buyer.
Hugging Face explores sale at $13 bln or higher valuation
AI startup Hugging Face has hired a bank to gauge buyer interest for a potential sale that could value the company at $13 billion or more. The firm last raised funds at a $4.5 billion valuation in 2023.
hipages FY26 results show 66% cash flow surge, AI tools drive growth
Revenue rose 9% to $90.6m as the Australian home services platform expanded margins and free cash flow. AI-driven quoting tools boosted job conversion rates by 144%.
China’s humanoid robot games expand from niche event to strategic showcase
Beijing’s World Humanoid Robot Games now feature over 100 teams, marking the shift from university contests to a government-backed platform for industrial and consumer robotics.
JPMorgan poaches Bank of America’s tech M&A head for North America role
David Fishman joins JPMorgan as vice chair and head of technology M&A in North America, reporting to the firm’s co-heads of tech investment banking and global M&A chief. Fishman spent 15 years at BofA, most recently co-leading its TMT M&A.
ESPN fantasy draft to feature live picks from 35,000 feet on United flight
The 2026 ESPN Fantasy Football Draft will include a live pick from a United Airlines flight, showcasing Starlink Wi-Fi capabilities. Broadcast begins Aug. 25 at 9 p.m. ET.
SNB’s Tschudin warns AI could fuel near-term inflation pressures
Swiss National Bank board member cites redirected investment flows and chip shortages as potential short-term drivers of price gains, though long-term impact remains uncertain.
NextTrip debuts B2B travel platform for advisors with zero subscription fee
The NASDAQ-listed travel tech firm launches NextTrip Pro, a commission-based platform offering booking tools and group travel management at no cost to qualified travel professionals.