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Swiss Re Expands Credit Insurance Reach With QBE Acquisition

Swiss Re Corporate Solutions will acquire QBE’s Global Trade Credit and Surety business, reinforcing its presence in specialty insurance across Australia, New Zealand, and the UK and expanding its credit risk offering.

QNB Corp. to Expand Footprint with $41 Million Acquisition of Victory Bancorp

QNB Corp. announces acquisition of Victory Bancorp for $41 million, creating a larger Pennsylvania-based bank with expanded assets and market reach.

British American Tobacco Confirms 2026 Financial Targets Amidst Strategic Shift to Smokeless Products

British American Tobacco reaffirms its 2026 financial outlook, projecting steady growth in EPS and revenue while accelerating its strategic shift towards smokeless nicotine products.

Business

Swiss Re Expands Credit Insurance Reach With QBE Acquisition

Swiss Re Corporate Solutions will acquire QBE’s Global Trade Credit and Surety business, reinforcing its presence in specialty insurance across Australia, New Zealand, and the UK and expanding its credit risk offering.

Les Wexner Faces Intensified Congressional Scrutiny Over Epstein Ties

Billionaire Les Wexner faces tough questions from lawmakers over his long ties with Jeffrey Epstein. Lawmakers allege Wexner enabled Epstein’s crimes, while Wexner claims he was deceived. Here’s the latest on the ongoing congressional inquiry.

QNB Corp. to Expand Footprint with $41 Million Acquisition of Victory Bancorp

QNB Corp. announces acquisition of Victory Bancorp for $41 million, creating a larger Pennsylvania-based bank with expanded assets and market reach.

British American Tobacco Confirms 2026 Financial Targets Amidst Strategic Shift to Smokeless Products

British American Tobacco reaffirms its 2026 financial outlook, projecting steady growth in EPS and revenue while accelerating its strategic shift towards smokeless nicotine products.

Sensei Biotherapeutics Secures Future with Faeth Therapeutics Acquisition and $200M Financing

Sensei Biotherapeutics acquires Faeth Therapeutics for $200M, bolstering its oncology pipeline with PIKTOR and securing crucial funding for clinical trials in endometrial and breast cancer.

Samsung Electronics Workers Strike for Better Pay and Conditions

Samsung Electronics workers have initiated a three-day strike demanding better pay, additional annual leave, and changes to the employee bonus system. The National Samsung...

Skydance Media and Paramount Global Merge in $8.4 Billion Deal

Skydance Media and Paramount Global have announced a merger, marking a significant shift for one of Hollywood's oldest studios. The two-step process involves Skydance...

Boeing Pleads Guilty to Criminal Fraud, Agrees to $243.6 Million Fine

Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million, resolving a U.S. Justice Department...

Semiconductor Industry Faces Talent Shortage Amid CHIPS Act Funding Boost

The semiconductor industry is intensifying its recruitment efforts in a tight labor market as funding from the CHIPS and Science Act boosts domestic production....

Global Equity Markets Hit Record Highs Amid U.S. Rate Cut Optimism

World equity markets touched fresh record highs, driven by optimism about a potential U.S. rate cut and key jobs numbers expected later on Friday....

Foxconn Reports Strong Q2 Revenue Growth Driven by AI Server Demand

Taiwan's Foxconn, the world's largest contract electronics manufacturer and Apple's primary iPhone assembler, reported better-than-expected quarterly revenue, driven by high demand for AI servers....

Bitcoin Faces Largest Weekly Decline in Over a Year Amid Market Concerns

Bitcoin was set for its biggest weekly fall in over a year on Friday as traders worried about potential token dumping from the defunct...

Australian Federal Court Rules Against PayPal’s Unfair Contract Terms with Small Businesses

Australia's Federal Court has ruled that PayPal's local unit included an unfair term in its standard contracts with small business customers, as reported by...

Glencore’s $6.93 Billion Acquisition of Teck Resources’ Coal Unit Approved with Conditions

The Canadian government has approved Glencore's $6.93 billion acquisition of Teck Resources' steelmaking coal unit, with stringent conditions to preserve jobs and maintain Canadian...

U.S. Job Growth Slows in June: Implications for Inflation and Fed Policy

U.S. job growth likely slowed to a healthy pace in June, with the unemployment rate holding steady at 4%. This scenario increases the chances...

AI Adoption in Drive-Thru Restaurants: Potential and Challenges

Restaurants are increasingly looking to artificial intelligence to lower labor costs, particularly in drive-thru operations. According to a survey by the National Restaurant Association,...

New Champion Emerges at Nathan’s Hot Dog Eating Contest

A new champion has emerged in the world of competitive eating. Patrick Bertoletti triumphed at Nathan’s Hot Dog Eating Contest, held annually on July...

Private Equity Investment Boosts National Women’s Soccer League’s Growth

Women's soccer is attracting significant interest from private equity investors, marking a new chapter in the sport's development. Unlike other major U.S. sports leagues...

HBC Acquires Neiman Marcus Group in $2.65 Billion Deal

Saks Fifth Avenue's parent company, HBC, announced on Thursday its acquisition of Neiman Marcus Group in a $2.65 billion deal, combining two storied luxury...

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