Companies
India's Supreme Court notifies Tata Steel over Sukinda mine dispute
Tata Steel faces legal challenge from Odisha state after Supreme Court issues notice on ₹4.3bn mineral dispatch dispute tied to Sukinda Chromite Block operations.
Hon Hai’s Q-Edge buys California industrial site for $55.3m
Q-Edge Corporation, a subsidiary of Hon Hai Precision Industry, acquires a 110,083 sq ft facility in Santa Clara for $55.3m to support operations. Deal approved unanimously by Q-Edge’s board.
Lumen expands Multi-Cloud Gateway to 10M+ U.S. business sites
Cloud networking service now reaches third-party connected locations beyond Lumen’s fiber network, enabling broader enterprise adoption. Company cites AI and multi-cloud integration as key drivers.
Taylor Farms repeatedly failed to report workplace injuries, records show
U.S. produce giant Taylor Farms underreported injuries at multiple facilities, with OSHA records showing gaps in annual filings despite fatal incidents. The company disputes citations and has invested in safety reporting software.
Tata Steel faces Supreme Court notice over Sukinda mine dispute
India’s top court seeks response from Tata Steel on Odisha’s appeal challenging a ruling that quashed ₹4.3bn in alleged mineral dispatch penalties. Hearing set for Oct. 5.
Life Time debuts social membership program for fitness-focused communities
New Life Time Social membership offers members exclusive gatherings, wellness events and recovery sessions in major U.S. cities. Applications open mid-September.
Swiss canton rejects plan to redistribute BLKB profits to municipalities
Baselland government opposes initiative to divert one-third of Basellandschaftliche Kantonalbank earnings to local communities, citing risk exposure and lack of ownership.
Harry and Meghan’s brand power faces scrutiny as they return to UK
Return of the couple to Britain highlights the volatility of their media-driven brand, amid canceled deals and shifting public sentiment. A YouGov poll shows 64% support for the monarchy.
Taiwan advances $6.6 billion military drone budget ahead of vote
Proposed six-year spending plan seeks to purchase 210,000 drones amid rising regional tensions. Parliament vote scheduled for Thursday.
AstraZeneca reportedly prices €2.55 billion bond offering across four tranches
The British drugmaker has reportedly priced a €2.55 billion Eurobond offering maturing between 2030 and 2038, with coupons ranging from 3.402% to 4.169%. Proceeds will reportedly support general corporate purposes.
Meta in talks over settlement in U.S. social media addiction lawsuit
Facebook owner Meta has engaged in discussions with multiple U.S. states over a potential settlement in a landmark case alleging its platforms harm young users. Nevada plans a major consumer protection announcement.
Zurich Insurance appoints Liz Padley as Group Treasurer
London-based Barclays executive Liz Padley succeeds Smriti Dahiya at Zurich Insurance, bringing over two decades of banking and capital management experience to the Swiss insurer.
Germany records record inheritance and gift tax revenue in 2024
German authorities collected €21.4 billion in inheritance and gift taxes last year, a 60.8% surge driven by increased asset transfers and higher valuations. The taxable volume of transferred wealth reached €141.1 billion.
Swisseon appoints ex-UBP banker Qaqaya as new partner
Alexander Qaqaya joins Genf-based wealth manager Swisseon as partner and relationship manager, bringing experience from Credit Suisse and UBP. The hire follows UBP's 2023 team raid from CS.
Nxera to receive $10 million milestone after Alzheimer’s drug advances to Phase 2
Nxera Pharma secures $10 million milestone payment from Neurocrine Biosciences as investigational Alzheimer’s treatment NBI-1117567 enters Phase 2. Total potential deal value reaches $2.6 billion.
Zurich Airport exits stake in Belo Horizonte airport for $17 million gain
Swiss airport operator sells 12.75% stake in Brazilian airport via Cancún airport unit, booking one-off net profit. Deal follows broader airport investment strategy adjustments.
German chemical sector boosts R&D spending to record €16 bln amid China rivalry
Chemistry and pharma firms increase investment to €16 billion in 2025, but warn of eroding global patent share and rising foreign R&D allocations, with China’s rise cited as a key threat.
Swiss construction sector grows 3.1% in H1 2026 on strong high-rise demand
High-rise building and public projects drive first-half growth, while deep construction lags despite backlog. SBV sees 48,000 new homes this year but warns of 2027 slowdown.
Macquarie retains PwC as auditor, drops KPMG recommendation
Australian bank cites audit practice concerns in decision to retain PricewaterhouseCoopers and bypass KPMG at 2027 AGM. KPMG faces regulatory scrutiny after whistleblower allegations.
Brazil's Durigan flags crackdown on 'pejotização' and tax reform push
Deputy finance minister outlines plans to curb worker misclassification and review corporate tax rules in a potential second Lula term. Social security deficit and military pension reforms also highlighted.
KOMO Seattle staff votes to end SAG-AFTRA union representation
On-air employees at Sinclair-owned KOMO 4 in Seattle voted to decertify SAG-AFTRA, ending union representation. The NLRB process is now underway.
ZoomInfo integrates GTM data into Slack AI assistant for sales teams
Integration links ZoomInfo’s 100M+ company profiles and 500M contacts to Slackbot via Salesforce’s MCP layer, enabling AI-driven sales queries without leaving conversations.
Swiss tech industry orders rise 14.4% in Q2, recovery remains fragile
Swiss machinery, electrical and metals sector posts strongest quarterly order growth since 2021, but revenue growth slows to 1.7% and margins remain under pressure.
Porsche, Tata’s TCS in €1.25 bln AI and consulting deal
TCS to acquire Porsche’s MHP consulting unit for €320 mln in a five-year AI partnership valued at €1.25 bln, pending regulatory clearance.