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Economy

Companies

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Swiss Re first-half profit beats estimates, announces new cost cuts

The reinsurer's results were supported by stronger underwriting and lower catastrophe claims, with all business units meeting targets.

Colorful fruit-flavored cereal rings in a white bowl with a metal spoon.

Kellogg to remove artificial dyes from all cereals by end of 2024

The Michigan-based company is accelerating its timeline to use fruit and vegetable-based colorings.

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Aston Martin transfers intellectual property rights to Authentic Brands in debt deal

The automaker secured £550 million in financing through HPS, triggering threats of legal action from bondholders.

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Air Baltic suspends Tallinn to London Gatwick flights for winter

The airline is adjusting its winter schedule across the Baltics to align capacity with travel patterns.

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WPP shares surge following higher-than-expected half-year profits

The advertising group's share price saw its most significant increase since its 1995 initial public offering.

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UK Regulators Decline to Escalate Scrutiny of Paramount Skydance Warner Bros. Deal

The UK antitrust watchdog and culture minister decided against further investigation into the proposed $110 billion takeover.

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Amazon to reduce return window for 16 product categories

The company will move from a 30-day to a 14-day return period for several categories starting September 2026.

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Restaurant Brands International beats quarterly earnings expectations

Burger King U.S. same-store sales rise by 8.5% as McDonald's reports slower growth

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Turkey's Competition Authority grants conditional approval for A101 to acquire CarrefourSA

The merger requires the divestment of 48 stores and guarantees employee protections for three years.

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SoftBank Group reports 18% fall in first-quarter net income

Net profit for the June quarter totaled 347.3 billion yen ($2.2 billion).

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Türk Telekom reports 41.4 billion TL investment in first half of 2026

Revenue and net profit grew in double digits alongside expansion of fiber and mobile networks.

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Persimmon shares rise as company raises full-year outlook

The UK housebuilder reported a 15% increase in pre-tax profits and a rise in home completions.

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Nintendo Q1 net profit rises 53.5% to 147.4 billion yen

Strong software sales and movie revenue helped the company exceed analyst estimates despite hardware declines.

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Rheinmetall lowers 2026 revenue forecast after German frigate program cancellation

The defense company adjusted its long-term outlook following the end of the multi-billion euro F-126 program.

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Henkel raises sales outlook following first-half growth

The German consumer goods group reported organic sales and profit increases that exceeded estimates.

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Bayer and plaintiffs seek to delay glyphosate settlement hearing in US

The joint application moves the planned August hearing to September or later as legal proceedings continue.

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Commerzbank and UniCredit to Begin Talks Over Future Direction

The discussions aim to determine the step-by-step strategy for the bank's next phase.

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Snap shares surge 13% following second-quarter results

The company reported revenue of $1.6 billion and a narrowed loss per share, exceeding analyst expectations.

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Block Inc. Executive Discusses Product Development Speed

An executive at the payments firm said it can now ship higher-quality products faster.

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Turkish Airlines net profit falls to 18.8 billion lira in first half of 2026

While sales revenue rose by 43%, the airline's total debt increased to 620.3 billion lira.

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Disney exploring ad-supported free tier for Disney Plus

CEO Josh D'Amaro says the move could target price-sensitive consumers and drive subscriber growth.

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Toy Story 5 drives $1 billion box office and boosts Disney’s streaming and merchandise sales

The film’s success fueled record consumer products revenue and increased viewership across the franchise on Disney+, contributing to broader financial gains in the quarter.

A close-up shot of a person holding a smartphone with the Uber application visible on the screen.

Uber issues lower bookings and earnings forecasts for third quarter

The ride-hailing company also announced plans to invest over $10 billion in autonomous vehicle technology.

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Foxconn records highest monthly revenue in July amid AI demand

The Taiwanese contract manufacturer's July revenue exceeded 900 billion Taiwan dollars for the first time.

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Majority shareholder of Kervansaray Yatırım Holding enters share transfer talks

Zeynep Tümer has begun negotiations to sell her controlling stake to Dubai-based Oasis Prime - FZCO

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Vonovia reaffirms annual forecasts amid rising financing costs

The Bochum-based real estate company reported a decrease in adjusted profit for the first half of the year.

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GM and SAIC Motor extend Chinese joint venture for 20 years

The partnership extension aims to focus on domestic sales and international exports despite shifting earnings in China.

A half of a fresh iceberg lettuce on a wooden board next to a knife.

Sysco stops buying iceberg lettuce from Mexico

The decision follows a cyclosporiasis outbreak in the United States linked to at least two deaths.

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Novo Nordisk raises full-year profit and revenue forecasts

The Danish pharmaceutical company, maker of Wegovy, reported an 11% increase in second-quarter operating profit.

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Honda rises operating profit for first time in six quarters

The automaker raised its full-year profit forecast on the back of hybrid demand and a weaker yen.