Business

Economy and markets, Swiss companies.

Business

Fed's Waller signals imminent rate hike if inflation stays above 2%

Christopher Waller, a member of the Federal Reserve's Board of Governors, said on July 13, 2026 in New York that the central bank may need to raise rates soon if inflation remains significantly above the 2% target. His remarks pushed the market-implied probability of a July rate hike from 35% to 45%. The July 14, 2026 Consumer Price Index (CPI) report is seen as decisive for the FOMC's decision. Fed President Kevin Warsh testified before Congress that same day.

14 July 2026 at 00:01

Business

WTI Crude Oil Surges 9.4% on July 13, 2026—Strongest Gain in Over 3 Months

West Texas Intermediate (WTI), the benchmark crude oil for the U.S. market, surged 9.4% on Monday, July 13, 2026, marking its strongest single-day gain in over three months. The intensification of tensions between the United States and Iran has reignited concerns over energy supply disruptions and potential inflation acceleration. The S&P 500 stock index declined 0.8% during the same trading session. Early in Asian trading on July 14, WTI consolidated its gains, while Asian index futures signaled further declines.

13 July 2026 at 23:29

Business

Two gold miners file IPO documents in Canada as market rebounds

On July 13, 2026, Cadillac Mines Corp. and Amapa Minerals Holdings Inc. each filed a preliminary prospectus for a Canadian initial public offering (IPO), according to Bloomberg. These filings signal an acceleration in Canada's IPO market. Cadillac Mines holds the flagship Kerr-Addison gold mining project in Ontario. The company is led by Pierre Lassonde, a Quebec businessman and co-founder of Franco-Nevada Corporation, a global leader in mining royalty financing.

13 July 2026 at 23:24

Business

Andy Burnham pledges to bring outsourced government contracts back in-house

Andy Burnham, regarded as the frontrunner to become Britain's next Prime Minister, announced on July 13, 2026, that he intends to halt the outsourcing of government contracts and bring them back under public sector management. Speaking at hustings before Labour MPs, Burnham also pledged to assemble a ministerial team representing a broad spectrum of views within the party. His announcement comes as outsourcing remains a contentious issue in British politics following Carillion's collapse in 2018.

13 July 2026 at 23:12

Business

Bloomberg ETF IQ on July 13, 2026: Four Experts Analyze the Global ETF Industry

The July 13, 2026 episode of Bloomberg ETF IQ features four leading experts discussing opportunities, risks, and trends in the global exchange-traded fund (ETF) industry. Participants include Aaron Brown of AQR Capital Management, Matthew Tuttle of Tuttle Capital Management, Travis Spence of JPMorgan Asset Management, and Cole Smead of Smead Capital. The global ETF industry manages assets measured in the billions of dollars, representing a significant portion of global investment flows.

13 July 2026 at 21:52

Business

Shell Sells Renewable Energy Assets in India to Aditya Birla Renewables for $1.8 Billion

Shell has sold all its wind and solar assets in India to Aditya Birla Renewables—a specialized subsidiary of Indian conglomerate Aditya Birla Group—for $1.8 billion, according to the Financial Times. The transaction reflects Shell's strategic refocus on oil and gas, a pivot initiated in January 2023 under CEO Wael Sawan. The company is gradually divesting from renewable assets to concentrate capital on hydrocarbons deemed more profitable in the short term.

13 July 2026 at 21:03

Business

Yemen: Houthis Accuse Saudi Arabia of Striking Sanaa Airport

On July 13, 2026, the Houthis — an armed Shia movement controlling northwestern Yemen — accused Saudi Arabia of striking Sanaa International Airport. The alleged strike aimed to prevent an Iranian aircraft from landing, an aircraft that had previously transported Houthi officials to Tehran. The group issued threats of retaliation. This information initially came from a single source and had not been independently verified. The incident poses a risk to successive truces negotiated under UN mediation since 2022, which form the fragile framework of Yemeni peace.

13 July 2026 at 20:49

Business

Andy Burnham, Manchester Mayor, Tipped as Next UK Prime Minister

According to the Financial Times on July 13, 2026, Andy Burnham, Mayor of Greater Manchester and member of the Labour Party—the centre-left British party in government since July 5, 2024—is positioned as the probable next Prime Minister of the United Kingdom. Burnham must navigate between calls for stricter border controls and the expectations of his party's liberal wing on immigration. This balancing act illustrates a persistent internal fracture within the Labour Party over migration policy.

13 July 2026 at 20:48

Business

Jan Wachtel leaves Burda Media's media division after six months over strategic disagreement

Jan Wachtel, head of Hubert Burda Media's media division (8,600 employees, 449 titles), stepped down in June 2026 after approximately six months in the role, according to Handelsblatt. Burda announced his departure on the eve of a press inquiry from the German business daily. The official reason: inability to achieve consensus on the division's strategic direction. Wachtel's strategic plan, developed with external consultancy OC&C Strategy Consultants, was reportedly rejected by shareholders before even being presented to internal teams. He is succeeded by Elisabeth Varn. No decisions on staff or portfolio will be made until the new strategy is finalized.

13 July 2026 at 19:48

Business

US Strikes Against Iran: Teetering Ceasefire and Disputed Strait of Hormuz

The United States conducted a new series of military strikes against Iran on July 12, 2026, continuing an ongoing campaign, according to the Financial Times. A ceasefire between the two powers is described as "teetering"—extremely fragile and at risk of collapse amid escalating combat. The status of the Strait of Hormuz, a critical maritime passage in the Persian Gulf, remains disputed: Washington maintains it remains open to navigation, while Tehran claims it is closed.

13 July 2026 at 03:04

Business

2026 World Cup: England and Argentina advance to semi-finals, Klopp-DFB negotiations progress

England and Argentina qualify for the semi-finals of the 2026 World Cup. According to Handelsblatt, England beat Norway 2-1 after extra time and Argentina eliminated Switzerland 3-1, also after extra time. The England victory was marred by controversy over a Bellingham goal that appeared to touch suspended cables, but FIFA rejected Norway's protest. Argentine star Lionel Messi, 39, left the field bleeding after the Switzerland match. According to Kicker, negotiations to recruit Jürgen Klopp as German national team manager have entered a decisive contractual phase.

13 July 2026 at 02:59

Business

Strait of Hormuz: Oil jumps 4% after fourth wave of US-Iran airstrikes

On July 12, 2026, oil prices surged following the fourth US military strike against Iran in a week. WTI crude jumped 4.1% to $74.33 per barrel, while Brent advanced 3.88% to $78.96 per barrel at 21:15 ET, per CNBC and Bloomberg. The escalation followed an attack by Iran's Revolutionary Guard on a container ship in the Strait of Hormuz. Tehran declared the strait closed "until further notice" and struck US military installations in Jordan, Kuwait, Bahrain, and Oman. US Central Command denied the closure, claiming traffic continued unimpeded. European natural gas rose 2.7%.

13 July 2026 at 02:24

…