Companies
Aramark expands NCAA partnerships with Florida State, Texas State
Foodservice provider secures multi-venue deals at two universities, enhancing athletic facility operations and nutrition programs ahead of the 2026 NCAA season.
Aminex unit issues dispute notice over Tanzania gas project delays
Ndovu Resources alleges operator ARA Petroleum breached obligations under the 2026 work program for the Ntorya Gas Development, triggering a 90-day dispute resolution window.
J&T Express posts 124% profit surge as non-China revenue hits 50%
First-half profit more than doubled to $350.6 million on a 39.5% revenue rise, with half of sales now generated outside China. The express delivery group raised 2026 capex guidance to $800-900 million.
Lombard Odier posts 25% profit rise, record assets under management
Swiss private bank reports 9% revenue growth to CHF 740 million in H1 2026, with client assets hitting CHF 239 billion. CET1 capital ratio at 31% exceeds regulatory minimum.
Ex-Google engineer’s conviction for AI trade secrets theft partially overturned
A U.S. judge vacated seven economic espionage counts against Linwei Ding, citing insufficient evidence of intent to benefit China, while upholding his conviction on trade secrets theft. Sentencing set for September 1.
German imports from China surge 8.8% in H1 2026 as trade deficit widens
China remains Germany's top trade partner by turnover, but exports to Beijing fell 12.2% as Beijing's industrial policy fuels overcapacity. Total trade deficit with China jumps to €52.7bn.
LGT posts 17% profit gain as assets top CHF400bn in H1 2026
Private bank’s net new money inflows hit CHF12.3bn, lifting managed assets to a record CHF412.6bn. CET1 ratio declines to 18.0% as costs rise 2%.
China Evergrande founder sentenced to life in prison for fraud
Hui Ka Yan, founder of the world’s most indebted property developer, received a life sentence with asset forfeiture after eight charges including fraud and misuse of funds. Verdict delivered in Hong Kong on Thursday.
Headhunter Jauch: Balancing growth and risk key to sustainable private banking
Headhunter Reto Jauch argues that Swiss private banks must blend aggressive growth with disciplined risk management, with robust governance and compliance at the core of long-term stability.
Ares Management in talks for stake in Kolkata Knight Riders
U.S. alternative asset manager Ares Management is exploring a minority investment in the Indian Premier League franchise, according to sources. No final terms have been agreed.
Trump orders U.S. to triple annual rocket launches to 1,000 by 2030
Executive order aims to boost private spaceflight, accelerate Moon base plans, and streamline regulatory approvals. SpaceX accounted for 170 of 178 U.S. launches in 2023.
Swiss EAMs face eight key trends amid market shifts
Consolidation, specialization and evolving client needs are reshaping Switzerland’s independent wealth management sector, with professionalization and risk management gaining prominence.
19 Brazilian cities join Vale-BHP dam collapse compensation deal
Total compensation package reaches 170 billion reais as 45 of 49 eligible municipalities now participate. Four cities remain outside the agreement.
CPPIB reports senior departures across multiple investment divisions
Canada Pension Plan Investment Board confirms exits in risk, credit, real assets and sustainable energy units amid routine staffing adjustments. Assets under management total C$863.6 billion.
Switzerland, China conclude trade deal to boost Swiss exports
Nearly all Swiss goods will enter China tariff-free under modernized pact, eliminating longstanding imbalance in bilateral trade terms.
Abbott settles $495 million infant formula appeal
Pharma giant Abbott Laboratories resolves appeal of a Missouri court verdict tied to claims its formula caused a severe infant bowel condition, terms undisclosed.
AI bots waste millions of hours of scammers' time, firms say
Australian startup Apate deploys nearly 200,000 AI personas to engage fraudsters, extracting intelligence for banks and telcos while disrupting illicit operations.
HOOPP names interim private equity heads after senior exit
Mark Cormier and Roman Gula appointed as acting co-heads following departure of global private equity head Lori Hall-Kimm. Private equity assets under management rise to C$24.2 billion.
DX expands global delivery network to 220 countries with new portal
UK logistics firm DX Group rolls out international parcel and freight service to 220 countries via road and air networks, backed by a digital booking and tracking portal.
Aon names Doug Hammond to lead middle market segment
Hammond, formerly NFP CEO, will oversee Aon’s middle market strategy globally. Three NFP executives promoted alongside the transition.
Bank of America reshuffles Asia Pacific industrials banking leadership
Yuta Komori named chair of Asia Pacific Global Industrials Investment Banking while Meng Gao and Masashi Toda appointed co-heads in a regional restructuring.
FCC probes Disney’s DEI practices as agency defends investigation
FCC Chair Brendan Carr says no decision has been made yet on revoking Disney’s ABC licenses amid a probe into diversity initiatives. The agency faces pushback over its early review of the broadcaster’s eight owned stations.
Taboola to power NBC News display ads in expanded deal
Partnership expands beyond native ads to programmatic display campaigns on NBCNews.com and TODAY.com, leveraging Taboola's Realize platform for performance-based advertising.
Total Wireless, Western Union expand money transfer services to 2,000+ U.S. stores
Partnership enables fee-free monthly transfers for eligible customers through 2026. Services include bill payments and money orders alongside 5G plans.