Companies
UAE to invest $46.4bn in Germany, focusing on data centers
The United Arab Emirates plans to invest 40 billion euros in Germany, with data center infrastructure and AI forming key parts of the investment. The two countries also aim to deepen defense cooperation.
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Chinese Robotics Startup Accuses OpenAI of Distilling Its AI Model
JoyIn CEO Guo Renjie claims OpenAI's GPT-6 Astra replicates its Aether framework, announcing a lawsuit as U.S. agencies flag repeated Chinese distillation of American AI models.
Golding Taps Pension Veteran Markus Anliker for Swiss Board
German alternative-asset manager appoints former IST Investmentstiftung head to bolster pension-fund relationships in Switzerland.
Netherlands signs intent for Saab GlobalEye aircraft
The Netherlands has signed a letter of intent with Sweden for the purchase of a Saab GlobalEye Early Warning and Control aircraft, though no formal order has been placed.
Mission Group names Stifel as corporate broker and adviser
The AIM-listed creative and sports technology company has appointed Stifel Nicolaus Europe as corporate broker and nominated adviser, with Blackdown Partners remaining as joint financial adviser.
Primark to Launch UK Home Delivery Service After Years of Resistance
The discount retailer, owned by Associated British Foods, will begin offering home delivery in the UK, reversing its long-held stance that the service was not viable for its low-price model. The move follows the success of its click‑and‑collect offering and the acquisition of an automated fulfillment centre in Sheffield.
UBS closes Shenzhen fund unit amid Chinese market challenges
The Swiss bank's digital platform WE.UBS is being rebranded and integrated into UBS's Chinese securities unit, while other asset management platforms in China remain unaffected.
China dismisses US AI CEOs' slowdown call as 'fear mongering'
Beijing rejects American tech leaders' push to slow frontier AI development, as its own security minister calls for accelerating AI risk infrastructure while stocks slumped.
UK flight disruptions clear; Primark to offer home delivery
Flight schedules in the UK are expected to return to normal after a technical issue caused over 2,000 cancellations. Primark's parent company plans to spin off the retailer and introduce home delivery services.
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Xpeng to roll out G9L SUV across 64 markets from October
The Chinese automaker will unveil the G9L at the Paris Motor Show before expanding to 64 countries and regions, producing the model at plants in China and Austria.
Zürich Airport tests fully automated shuttle buses without onboard safety staff
Zürich Airport begins pilot runs of autonomous shuttles without safety personnel, marking a first in Europe.
UK sub‑$1bn funds lag in cybersecurity, study finds
A Reuters‑cited study shows 25% of UK growth and venture funds with under $1 billion AUM fall below a basic security threshold, highlighting risks for deep‑tech and AI spin‑outs.
Swiss Pension Funds Post Solid August Returns, UBS Says
Swiss pension funds averaged 0.66% returns after fees in August, led by global equities, while UBS forecasts two Fed rate hikes in 2026.
Anduril says Trump‑delayed Taiwan arms package hurts its business
Anduril founder Palmer Luckey warned that a $14 billion U.S. weapons sale to Taiwan stalled for months is limiting the defense firm’s growth in the market.
Gore Street's German Asset Sale Falls Through After Buyer Slash Offer
Gore Street Energy Storage said its 22 MW Cremzow asset sale collapsed after a prospective buyer cut its bid at a late stage, calling the revised offer poor value for shareholders.
Lonza to build major spray-drying facility in Oregon by 2029
Pharma supplier Lonza said it will construct a new commercial spray-drying plant in Bend, Oregon, creating more than 80 jobs and deepening its US manufacturing footprint.
Sulzer Sees Long-Term Growth Opportunities Amid Middle East Recovery
Sulzer CEO highlights infrastructure and defense investments as key drivers for long-term business expansion, despite short-term order disruptions from the Middle East conflict.
Swiss Diamond Opens Boutique Hotel on Lake Lugano
La Romantica joins the group's larger Vico Morcote property, offering two distinct luxury hospitality approaches on Lake Lugano's shores.
UBS Raises AI Capex Forecast to Nearly $1 Trillion This Year
UBS projects AI capital spending will nearly double to $998 billion in 2026 and reach $1.45 trillion by 2027, driven largely by surging memory costs.
Hong Kong ex-bank manager gets 4‑year term for $1.6 bn letter‑of‑credit fraud, crypto bribes
Lam Chun‑yin, former China Construction Bank (Asia) relationship manager, was sentenced to four years in prison and ordered to repay over HK$3.7 million in cryptocurrency bribes after falsifying letters of credit worth more than $1.6 billion.
California judge blocks $100 million of TikTok privacy settlement
U.S. District Judge George H. Wu denied a request to vacate a prior consent decree, keeping $100 million of TikTok's $400 million settlement with the Justice Department in place.
Hamilton Lane invests $105M in Ontario fiber ISP telMAX
The private-investment firm joins a concurrent credit-facility increase from Power Sustainable, Palistar and MidStar, pushing total new capital above $200M for the GTA fiber provider.