Companies
Logistics magnate Klaus-Michael Kuehne dies at 89
Kuehne + Nagel founder and controlling shareholder Klaus-Michael Kuehne, whose $44.2 billion fortune made him one of Germany’s wealthiest investors, dies at 89.
German logistics tycoon Klaus-Michael Kuehne dies at 89
Founder of Kuehne + Nagel, one of Germany's wealthiest investors, transformed the company into a global logistics leader before stepping back in 2011.
KBR vence contrato para primeira usina de combustível sustentável do Cazaquistão
A KBR foi selecionada para desenvolver a primeira usina de combustível sustentável do Cazaquistão.
SU Group secures exclusive rights to inspection robot in Macau
Shine Union (Macao) gains sole commercialization rights for the Inspec Spider robotic system, a 35-meter-capable inspection tool with AI-assisted analysis. Deal follows field tests at Hong Kong International Airport.
SU Group gains exclusive Macao rights for high-mast inspection robot
SU Group’s Macao subsidiary secures sole distribution of the Inspec Spider robotic inspection system, replacing manual high-mast checks in the city. The deal follows field testing at Hong Kong International Airport.
IUX debuts weekly webinar series to boost trader education
Live sessions on Mondays and Fridays aim to improve financial literacy for retail and experienced traders via Facebook and YouTube. CFD risk disclaimer included.
Hengli leads global containership orders with 7.9% market share in July
Chinese shipyard’s orderbook share rose to 6.4% as containership orders surged, while global newbuild volumes fell 22% year-over-year in July. Tankers drove growth amid broader market contraction.
Hengli leads global container ship orders as Chinese shipyards dominate
Chinese shipyard Hengli expanded its share of the global order book to 6.4% in July, while Chinese shipyards secured 81% of new vessel orders. Global orders fell 22% year-on-year in July.
CB&I secures contract in Côte d’Ivoire
The contract value is reported between US$ 50 million and US$ 100 million.
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.
Huddled, Cipher launch TikTok live-commerce JV with next-day delivery
Joint venture combines Huddled’s stock and fulfillment with Cipher’s TikTok agency expertise, targeting beta launch this week and scaling to multi-hour daily streams. Next-day delivery offered on orders placed by 10 pm.
Likewise Group acquires £9.57m Corby logistics hub
The AIM-listed logistics firm expands its UK warehouse network with a 60,000 sq ft facility to support growth in cutting and storage capacity.
Close the Loop posts FY26 profit, debt falls 29% on restructuring
Australian recycling and packaging firm Close the Loop returned to profit in FY26 with margins up 5.7 percentage points and net debt reduced by A$15.3 million. FY27 EBITDA guidance reaffirmed at A$14m–A$16m.
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.
Likewise Group acquires UK distribution hub for £9.57m
The AIM-listed floor coverings distributor expands its logistics network with a 60,000 sq ft facility in Corby, aiming to boost annual sales toward £300m by 2027.
Genentech licenses obesity drug candidate from Hanmi for up to $2.3 bln
Roche’s Genentech gains exclusive global rights to HM17321 outside South Korea. Upfront payment of $190 million plus milestones and royalties included in deal.
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.
Sunrise, Salt explore expanded Swiss mobile network cooperation
Partners plan deeper collaboration on rural infrastructure to improve coverage and quality while maintaining separate operations and competition.
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.
KPMG Australia to cut 5% of staff amid soft market conditions
The accounting firm plans to reduce its workforce by around 387 employees and partners, citing weaker demand from government clients and ongoing regulatory scrutiny.
Regis Healthcare lifts FY26 EBITDA 10% on 10% room price hike, $250M RAD inflows
Underlying earnings rose to $138 million as average room prices climbed to $750,000, while refundable accommodation deposits surged 28% to $250.5 million. New CEO Andrew Kinkade targets further operational efficiency gains.