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UK faces Russian threats after reports of British drones used in attacks
Moscow warns London of 'consequences' after Kyiv allegedly employs UK-made drones in strikes deep inside Russia, escalating tensions between the two nations.
Arxis closes $770 million acquisition of Omnetics Connector
Deal valued at $770 million enterprise value, with Arxis issuing 13.35 million shares. Omnetics designs precision connectors for defense, aerospace and medical sectors.
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.
Klarna shares slump 18.6% on revenue guidance cut, leadership departures
Buy-now-pay-later firm cuts full-year revenue forecast to $4.08-$4.16 billion, citing FX pressure and softer German demand. CFO and CMO to leave in early 2027.
Floating-rate bond ETFs outperform as yields rise in 2026
Top-performing bond ETFs in 2026 focus on floating-rate and ultra-short strategies, avoiding duration risk amid rising Treasury yields. Key picks include USFR, JAAA and JPST.
Goldman Sachs to buy LCN Capital Partners for up to $410 million
Deal includes $260 million upfront and up to $150 million in deferred payments, with 80% of total consideration in equity. LCN manages $3 billion in sale-leaseback and real estate strategies.
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.
Goldman Sachs to acquire LCN Capital Partners for up to $410 million
U.S. investment bank to pay $260 million upfront and up to $150 million in deferred consideration for commercial real estate investor LCN Capital Partners, with deal expected to close by year-end.
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.
Klarna CFO, CMO to depart in early 2027 as execs step down
Chief Financial Officer Niclas Neglén and Chief Marketing Officer David Sandström will leave their posts next year after six and nine years respectively, Klarna confirms.
Arvins appoints Gökan Deubelbeiss as Partner to lead small-cap M&A
The Zurich-based M&A boutique adds a new partner to develop its small-cap advisory segment, targeting Swiss SMEs valued up to 20 million francs. Deubelbeiss joins from Axtradia.
UBS downgrades Scor to ‘sell’ on reinsurance pricing headwinds
Analysts cut Scor’s price target by 6% to €32.50 after downgrading the French reinsurer to ‘sell’ ahead of next month’s Monte Carlo Rendez-vous, where sector pricing is expected to soften.
Berenberg upgrades Sixt to Buy on Europe travel rebound, lifts target to €91
German car rental group’s shares climb 3.9% after broker cites stronger summer travel demand in Europe and improved U.S. residual-value management. Target raised from €83 to €91.
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.
Goldman Sachs upgrades protein market outlook ahead of Hormel Foods earnings
Pork and beef cutout prices fell in July while packer margins diverged. Analysts see improving conditions for Hormel Foods ahead of its August 27 earnings release.
Mizuho downgrades Norwegian Cruise Line to Neutral, cuts target to $17
Analyst cites self-inflicted operational challenges and macro pressures as the cruise operator faces a widening cash gap and rising leverage over the next 18 months.
Savox posts 12% H1 2026 revenue growth as stock falls 2.85%
Finnish communications firm Savox Communications reported a 12% year-over-year revenue increase for the first half of 2026, while its shares declined 2.85% to $10.24. Order intake surged 92% including options.
Swiss stocks slip as U.S. futures fall; Roche, Novartis rise; ABB leads declines
Swiss Market Index dips 0.13% as global equities drift lower on rising yields and Middle East tensions. Roche and Novartis gain, while cyclical stocks like ABB and construction firms retreat.
Xiaomi profit slumps 42.6% as costs weigh on smartphone sales
Net income fell to €794.2 million in Q2 as rising component prices and a 26% drop in handset shipments eroded margins. EV and AI units remain loss-making ahead of European launch.
Lonza completes decade-long mercury cleanup in Swiss Valais
Pharmaceutical group removes 3.5 tonnes of mercury from 170,000 sq m of contaminated soil in Upper Valais after 10-year remediation effort costing 51 million francs.
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.
Talen Energy shares slump 11% on analyst downgrades and dilution concerns
Shares of Talen Energy fell sharply after Raymond James and Oppenheimer cut price targets and cited valuation risks, while a $984 million shelf offering added to investor concerns.
China's humanoid robots transition from exhibition stunts to commercial testing
Chinese robotics developers are shifting their focus from marketing stunts like marathons and backflips toward practical commercial applications.