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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.

Paramount Global Explores Streaming Service Merger Amid Industry Consolidation

Paramount Global is actively engaging in discussions to merge its Paramount+ streaming service with another platform, a move that could potentially trigger a new...

Over a Quarter of Hong Kong Companies Plan to Downsize Office Space Amid Economic Uncertainty

Over a quarter of Hong Kong companies are looking to reduce their office space this year, according to a recent survey by property consultancy...

Zhihu Launches Generative AI Feature to Enhance User Experience

Zhihu, China’s popular question-and-answer platform akin to Quora, has introduced a new generative artificial intelligence (AI) feature named Zhida, which translates to “direct response”...

U.S. Prosecutors and Boeing Meet as Deadline for Criminal Charges Approaches

U.S. prosecutors are currently engaging with Boeing and the families of victims from two fatal crashes as the July 7 deadline looms for the...

Atos Secures Debt Restructuring Agreement with Creditors

French technology company Atos has reached a preliminary agreement with its creditors to restructure its debt, as reported by the French business newspaper Les...

BIS Warns Rising Global Debt and Upcoming Elections Could Disrupt Financial Markets

The Bank for International Settlements (BIS) warned on Sunday that increasing government debt levels, coupled with numerous major elections this year, could unsettle global...

Navigating the New Alphabet of Electrified Vehicles: A Guide for Car Buyers

Purchasing a vehicle has never been easier, but shoppers entering dealer showrooms now face an alphabet soup of “electrified” vehicle options. As all-electric vehicle...

Fathom Events Thrives Amid Box Office Content Shortage

Fathom Events is experiencing unprecedented success amid a content shortage at the box office and increasingly selective audiences. The joint venture between AMC, Regal,...

Corporate World Takes Cautious Approach to Pride Month Amid Cultural Shifts

This year, corporations have approached Pride Month with increased caution. Traditionally marked by rainbow-themed merchandise and affirming ads, June sees companies celebrating the LGBTQ+...

Amazon Strengthens AI Capabilities by Hiring Adept’s Top Talent and Licensing Technology

Amazon is accelerating its artificial intelligence development by recruiting top talent from AI agent startup Adept and licensing the company's technology. Rohit Prasad, Amazon's...

Amazon AWS Increases Cloud Credits for Startups Amid Growing AI Competition

Amazon's AWS is doubling the value of cloud credits offered to some startups, aiming to bolster its position amid rising competition from Microsoft in...

Hong Kong’s Hydrogen Economy: Progress and Challenges in Transitioning to Zero Emissions

Hong Kong is making strides in developing a hydrogen economy, aiming to transition to zero emissions. In West Kowloon, the city’s first hydrogen-refuelling station...

U.S. Inflation Stagnates in May, Raising Prospects for Fed Rate Cuts

In May, U.S. monthly inflation remained unchanged as a slight rise in service costs was counterbalanced by the most significant drop in goods prices...

NASA and Boeing Extend Starliner’s First Crewed Flight for Additional Testing

NASA and Boeing announced an extension of the Starliner capsule's first crewed flight, delaying its return to Earth to conduct additional testing. The Starliner...

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