Companies
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.
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.
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.
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.
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.