Business
Physical AI startups raise $47.4bn in H1 2026, outpacing all prior periods
Venture funding in robotics, autonomous systems and aerospace surged to a record $47.4 billion across 521 deals in the first half of 2026, nearly quadrupling H2 2025 totals. Major rounds for Waymo, Anduril and Shield AI underscore the sector's rapid expansion.
Vestel Elektronik Narrows Second-Quarter Loss on Lower Revenue
Turkish manufacturer Vestel Elektronik posted a narrower loss for the second quarter despite a decline in revenue.
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.
Multiconsult Q2 2026 Margins Improve While Organic Growth Lags
Multiconsult reported its Q2 2026 financial slides, highlighting improved profit margins alongside a slowdown in organic growth.
Innolux Q2 2026 earnings miss estimates, shares slip
Taiwanese display maker Innolux reported second-quarter 2026 results below analyst expectations, with its stock declining in early trade.
US Court Blocks Henkel’s $725 Million Acquisition of Rival
A US court has temporarily blocked Henkel's planned $725 million acquisition of an adhesive rival owned by Pittsburgh Paint.
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.
Abaxx Q2 2026 earnings top estimates, shares drop 8.5%
Abaxx Technologies reported second-quarter 2026 results above market forecasts, but investors reacted with an 8.5% selloff amid broader sector concerns.
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.
Microsoft, Salesforce in talks to acquire Darwinbox before IPO
Tech giants Microsoft and Salesforce are exploring a potential buyout of HR software firm Darwinbox, which had planned an initial public offering.
Anthropic’s annualized revenue rate exceeds $65 bln: report
AI startup Anthropic’s annualized revenue rate rose to over $65 bln by July, underscoring rapid growth in enterprise demand for generative AI tools.
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.
Uber, Zipline expand drone deliveries for Uber Eats in U.S.
Partnership aims to scale autonomous drone delivery for food orders across multiple U.S. cities starting this year.
Sims Limited shares drop 12.8% on weak H2 2026 outlook
Mixed second-half 2026 guidance prompts sharp selloff in Australia-based metals recycler.
TPG Global offers $468M for Australia’s EQT Holdings
Private equity firm TPG Global proposes A$650 million ($468 million) cash bid to acquire EQT Holdings, operator of Australia’s largest independent stockbroking network.
Cavitation Technologies to be acquired for $35 million
Specialty materials firm Cavitation Technologies agreed to a $35 million all-cash deal, with shareholders to vote on the transaction next month.
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.
XP Inc beats Q2 2026 profit estimates as shares decline
Brazil-based fintech XP Inc reported second-quarter 2026 earnings above market expectations, though its stock fell on the day. Results reflect growth in core financial services amid competitive pressures.
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.