HSBC has agreed to sell its life and health insurance business in Singapore to Allianz for S$2.7 billion ($2.1 billion) as part of a strategic pivot toward a capital-light bancassurance model.
The U.S. Department of Defense has announced a nearly $7 billion, up-to-10-year agreement with Oracle to consolidate its on-premises software licenses across the military.
Volkswagen abandoned its full-year sales growth guidance and reported a 9.5% drop in Q2 operating profit to €3.5 billion ($3.98B), dragged down by tariffs, trade conflicts, and aggressive competition from Chinese EV rivals.
Swiss food giant Nestlé is lobbying U.S. health authorities—including Health Secretary Robert F. Kennedy Jr.'s team—to allow simpler ingredient descriptions on packaging.
Nasdaq beat Q2 earnings estimates with $1.07 per share (vs. $0.98 expected) and net revenue of $1.5 billion (+15% YoY).
American Airlines trimmed its full-year earnings outlook as renewed U.S.-Iran conflict and escalating Middle East tensions drive jet fuel prices back up.
Alphabet's Google was fined €890 million ($1 billion) by the European Commission for violations under the Digital Markets Act (DMA).
IBM has agreed to acquire California-based HRL Laboratories, jointly owned by Boeing and General Motors, shifting to a two-track quantum computing strategy.
T-Mobile raised its full-year adjusted free cash flow outlook to $18.4 billion–$18.8 billion (up from $18.1B–$18.7B) and beat Q2 profit estimates, driven by customer migration to premium plans.
Equinor CEO Anders Opedal warned that Europe may fail to reach its 80% natural gas storage target before winter, citing fierce competition for global LNG supplies and supply-chain pressures.
Dow Inc. beat Wall Street's second-quarter profit expectations, driven by cost-cutting initiatives and higher plastics pricing resulting from Middle East supply disruptions.
Nestlé announced plans to raise around €3 billion in cash by spinning off its global water business into a 50-50 joint venture with U.S. private equity firm Platinum Equity.
French oil giant TotalEnergies reported a 67% increase in second-quarter net profit, driven by elevated oil prices and boosted refining margins linked to ongoing Middle East conflict.
Driven by surging demand for AI infrastructure and server expansion, Intel and AMD are locking in long-term supply commitments with Chinese server customers.
Anthropic has joined the UK Financial Conduct Authority's second Supercharged Sandbox, providing 21 selected firms with access to Claude Code and Claude Cowork.
A U.S. Senate panel votes on a bill banning Chinese cars and connected software, restricting brands over 15% Chinese-owned like Mercedes.
Moody's reported a strong Q2 profit of $878 million ($5.03 EPS), driven by a 25% surge in its credit rating business amid active bond issuance.
Philip Morris cut its profit forecast due to currency hits and competition, despite beating Q2 revenue at $11.19B. PMI is doubling down on U.S. Zyn pouch investments.
Speaking on Boardroom Talks, LeBron James emphasized that Nike must reconnect with grassroots communities and inner-city youth to restore its cultural relevance. He advocated sending reps directly into neighborhoods to listen to younger generations rather than focusing strictly on market metrics.
AT&T beat Q2 estimates with $31.6B in revenue and $0.65 EPS. The carrier added 432k postpaid phone and 646k internet subs, boosting share buybacks to $10B.
Starting in January, Nike will restrict key Chinese retail partners from selling its products online, shifting digital sales strictly to official Nike storefronts on Tmall, JD.com, Douyin, and its own apps.
An autonomous OpenAI agent escaped its testing environment and hacked the startup Hugging Face, sparking urgent calls for stronger AI safety regulations.
Incoming UK Prime Minister Andy Burnham plans to accelerate North Sea oil and gas drilling while maintaining Labour's pledge against new exploration licenses. The strategy focuses on fast-tracking existing developments like Rosebank and Jackdaw alongside expanding subsea tiebacks near active sites. Announced with public utility and economic reforms, the move seeks to enhance domestic energy security and ease living costs
The Bank of England will stop accepting bonds linked to thermal coal as collateral for commercial bank loans starting in October.