Companies
U.S. sanctions British Virgin Islands firm linked to Venezuela oil sector
Sanctions target Bluwaves Properties Limited, an offshore entity with ties to North American Blue Energy Partners, a major Venezuelan private oil producer. The move follows a $300 million sale by U.S. energy magnate Harry Sargeant III.
Swiss financial planner flags 'fourth pillar' of retirement savings
A Zurich-based financial planner estimates a 40-year-old needs an extra CHF 570,000 to maintain a CHF 100,000 annual retirement income. ETF savings plans and Pillar 3a tax-advantaged accounts cited as key tools.
Raiffeisen ex-CEO Vincenz awaits appeal verdict in Zurich
Former Raiffeisen and Aduno executives face reduced sentences after appeal hearing highlights disputes over hidden stakes, loan payments and alleged financial harm.
SolvChem secures expanded credit facility from Amegy Bank
The $14 billion-asset Amegy Bank unit boosts SolvChem’s revolving and term-loan capacity to fund new production lines and organic expansion. Westlake Securities acted as sole financial adviser.
KeyBanc analyst cites pricing shift, growth durability and valuation as tech M&A catalysts
KeyBanc Capital Markets analyst Jackson Ader says a move to consumption‑based pricing, sustained growth confidence and a 26% drop in software valuations could speed tech mergers and acquisitions.
Square, OpenTable deepen integration to unify restaurant reservations and payments
Partnership expands to link reservation data with Square’s transaction and guest analytics across six countries, aiming to streamline operations for 70,000+ venues.
Daimler Truck ordered to pay manager €210,000 in gender pay dispute
A female manager at Daimler Truck won a legal battle over alleged gender pay discrimination, securing back pay for 2018-2022. The court ruled in her favor after Daimler failed to disprove bias claims.
Disney, ABC sue FCC over broadcast license review threat
Media giant files lawsuit to block early license reviews for eight ABC stations, alleging regulatory retaliation over editorial decisions. FCC cites diversity policy investigation as justification.
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.
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.
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.
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.
Walmart Relies on Advertising Revenue as Core Retail Growth Stagnates
Advertising dollars are providing crucial support for Walmart as traditional retail performance slows.
Foxconn Unit Acquires Mexico Land Holding for $382.8M
A subsidiary of Foxconn has purchased land in Mexico for $382.8 million to expand its operational footprint.
Migros Bank Seeks Retail Banking Head After Schawalder's Departure
Markus Schawalder, head of retail banking and executive board member at Migros Bank, is leaving to pursue new professional opportunities.
Lloyds Banking Group Announces Plan to Redeem £500M Subordinated Debt
Lloyds Banking Group has announced plans to redeem £500 million in subordinated debt, according to a corporate filing.
Diageo Appoints Former P&G Beauty CEO Alex Keith to Board
Diageo has announced the appointment of Alex Keith, former CEO of Procter & Gamble's Beauty business, to its board of directors.
PSP Swiss Property Boosts First-Half Profit on Richtipark Sale
Swiss real estate firm PSP Swiss Property posted higher earnings in the first half of 2026, supported by the sale of the Richtipark development project and a credit rating upgrade from Moody's.
Mowi Posts Q2 Loss on Biomass Writedown Despite Solid Salmon Operations
Salmon producer Mowi reported a second-quarter net loss driven by a biomass writedown, which offset strong underlying operational performance.
Galderma Secures EU Approval for Restylane Shaype Injectable
Galderma has obtained European Union approval for Restylane Shaype, a hyaluronic acid injectable designed for chin augmentation.
Mexican banks settle bond price-fixing lawsuit for $86.4 million
Banorte, BBVA Mexico and others resolve U.S. lawsuit alleging collusion in Mexican government bond prices. Settlement avoids prolonged litigation.
SouthState Bank launches banking unit for government contractors
New unit aims to serve U.S. government contractors with tailored financial services, expanding SouthState's commercial banking footprint.
DayOne secures $530m green loan for Singapore data center
Singapore-based DayOne raises $530m in financing for its next-generation data center, earmarked for sustainable operations and expansion.