Companies
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.
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.
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.
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.
AfD leads polls in Saxony-Anhalt election as far-right eyes federal power
Far-right Alternative for Germany holds 41% support in state vote set for Sept. 6, ahead of CDU at 24%, as party eyes first government role and broader national ambitions.
Pentagon removes leadership of U.S. military newspaper Stars and Stripes
Editor-in-Chief Erik Slavin and publisher Max Lederer dismissed; correspondent Lara Korte also removed after statements critical of Pentagon oversight. Changes follow appointment of a military deputy to oversee the newspaper.
U.S. Army Secretary Dan Driscoll expected to resign by year-end
Resignation follows months of tension with Defense Secretary Pete Hegseth. Leadership changes add to Pentagon upheaval under Trump’s second term.
Fannie Mae cuts 12 executives amid efficiency push
Government mortgage giant Fannie Mae eliminated roles across finance, regulatory and housing units this week as part of a broader technology-driven restructuring.
Cytek Biosciences prevails in patent dispute with $56 million jury award
Cytek wins three of four claims in Delaware court case against Beckman Coulter, securing $56 million in damages but plans to challenge remaining finding and appeal if necessary.
U.S. issues licenses to expand investment in Venezuela’s telecom sector
Two Treasury Department general licenses permit new contracts, infrastructure upgrades and payment processing for Venezuelan telecom firms. Licenses published Friday allow broader business engagement while maintaining sanctions framework.
FDA clears 11 ZYN ULTRA nicotine pouch products for Philip Morris
Regulator authorizes all 9mg variants and one 11mg variant of ZYN ULTRA, while additional 11mg products remain under review. PMI plans to expand its smoke-free portfolio.
U.S. Education Department moves to strip ABA of law school accreditor status
Federal review finds American Bar Association's legal education council lacks independence; revocation could disrupt law school accreditation and bar exam access. ABA disputes findings ahead of September hearing.
Allianz Commercial appoints Emma Woolley as global specialty president
Woolley will lead specialty lines and UK operations, joining Allianz Global Corporate & Specialty SE board and reporting to CEO Thomas Lillelund. Appointment pending regulatory approval.
LiveWire begins U.S. deliveries of S4 Honcho Trail electric motorcycles
First production units shipped to U.S. dealers as part of LiveWire's mini-moto platform rollout. European expansion planned for fall.
Dermata opens preorders for Tome skincare product ahead of launch
Tome Foundational Treatment, priced at $178 with four weekly treatments, begins shipping on Aug. 25. Subscribers receive a 10% discount on the direct-to-consumer product.
Airbus softens return-to-office policy after union protests
Aerospace giant backs away from mandated four-day on-site work after strikes in Spain and France over teleworking terms. CEO cites need for gradual transition amid workforce feedback.
Judge trims Ben & Jerry's lawsuit against Unilever, Magnum as defendant
A U.S. judge dismissed seven claims in a dispute over alleged suppression of activism and withheld payments, leaving two payment-related claims and part of a governance dispute intact. Magnum Ice Cream now leads the case.
Southern Water’s credit outlooks upgraded by Moody’s and S&P
Moody’s shifts outlook to positive, S&P revises to stable, as degearing and shareholder support bolster credit profile ahead of 2029 targets.
China’s offshore trust tax crackdown forces wealthy investors to reassess holdings
New 20% levy on offshore trusts and stricter reporting rules prompt China’s super-rich to unwind structures, liquidate assets or seek alternative offshore arrangements amid broader tax enforcement push.
Trump-backed IndyCar race in D.C. secures Boeing, Starlink, Delta as sponsors
The Freedom 250 Grand Prix, a 250-mile race through downtown Washington, D.C., has attracted major corporate backing including Boeing, SpaceX’s Starlink, and Delta Air Lines, with President Trump set to attend.
Judge dismisses most of Ben & Jerry’s lawsuit against Unilever
Manhattan judge narrows case alleging Unilever sought to silence activism and withheld payments, shifting focus to missed settlement funds.