Business

Economy and markets, Swiss companies.

Business

Ukraine: 25 leaders meet in Paris as EU fails to pass sanctions package in Brussels

On July 13, 2026, 25 heads of state and government from the Coalition of the Willing—an informal group of countries supporting Ukraine outside formal EU and NATO structures—met in Paris, announcing sustained support for Kyiv and prioritizing Ukrainian air defense strengthening. Simultaneously in Brussels, EU foreign ministers failed to adopt a new sanctions package against Russia. Several member states prioritized commercial interests: Italy and Bulgaria refused to sanction the Kulevi oil terminal in Georgia, which processes and re-exports Russian oil.

14 July 2026 at 04:42

Business

Nursing homes in Germany: resident out-of-pocket costs reach €3,364 per month in 2026

In Germany, the average monthly out-of-pocket cost for nursing home residents reached €3,364 as of July 1, 2026, representing a €256 increase from the previous year, according to the vdek, the federal association of German substitute health insurance funds. This amount covers care, accommodation, meals, and facility investment costs. When residents can no longer finance their stay, German law provides several forms of assistance, including Hilfe zur Pflege (social care assistance) administered by the Sozialamt under specific conditions.

14 July 2026 at 03:43

Business

Qualifizierungsgeld: Germany's training subsidy reached only 350 employees in twenty months

Launched in early 2024, Qualifizierungsgeld—a German federal aid covering 60% of net salary for employees undergoing reskilling training—reached only around 350 people between April 2024 and December 2025. Actual spending was €108,035 in 2024 and €442,408 in 2025, far short of the €360 million annual budget. Data revealed by Handelsblatt from a parliamentary inquiry by the Greens fuels criticism over the scheme's complexity and inadequacy.

14 July 2026 at 03:31

Business

India: Jefferies Sees Large-Cap Stocks as More Reasonably Valued

Indian large-cap stocks—the country's 100 largest companies by market capitalization—are beginning to appear more reasonably valued, according to Jefferies, the American investment bank, on July 14, 2026. Foreign investors have simultaneously resumed purchases in this segment of the Indian market. This convergence of signals is fueling expectations for a potential rebound in Indian large-cap stocks.

14 July 2026 at 03:31

Business

Chipotle Opens First Mexican Restaurant in Nuevo León State

Chipotle Mexican Grill, an American chain specializing in Tex-Mex cuisine, opens its first restaurant in Mexico during the week of July 14, 2026, in Nuevo León (northeast of the country), according to the BBC. The chain is partnering with Alsea S.A.B. de C.V., a major Mexican operator of international franchises. The move echoes two difficult precedents: Taco Bell left Mexico in 2010 without establishing a customer base there, and Domino's Pizza closed its Italian restaurants in 2022. On social media, the announcement prompted comparisons with "Pizza Hut opening in Naples".

14 July 2026 at 03:28

Business

Oil Tankers: Iran War Sparks Record Order Surge Since 2008

Since Iran's war began in February 2026, global shipyards have logged over 600 tanker orders—a level last seen only during the 2000s boom preceding the 2008 financial crisis. The Strait of Hormuz closure temporarily immobilized 9% of the world's supertanker fleet, pushing VLCC charter rates to $424,000 per day. Total ordered capacity reaches 72 million deadweight tons (DWT), exceeding the 2008 record by 50%. Greece accounts for 60% of global orders by value; Chinese yards are building 82%.

14 July 2026 at 02:58

Business

Q2 2026 results: five major US banks report in one week, Citi top analyst pick

The week of July 13, 2026 marks the start of major US bank earnings season: JPMorgan, Citi, Wells Fargo, Bank of America and Goldman Sachs will report second quarter results within hours of each other. Mike Mayo, head of large-cap US bank research at Wells Fargo Securities, designates Citi as his top pick among these institutions, according to Bloomberg. He anticipates a 15-20% year-over-year rise in sector profits, driven by Wall Street trading revenues and commercial loan growth.

14 July 2026 at 01:11

Business

Oncoclinicas do Brasil prepares out-of-court debt restructuring

Brazil's oncology services group Oncoclinicas do Brasil Servicos Medicos SA is preparing to file for an out-of-court debt restructuring, potentially as early as Monday evening, July 13, 2026, according to sources cited by Bloomberg. The company and its creditors have not yet reached an agreement on a common restructuring plan. Oncoclinicas is seeking a nominal haircut on its debt without converting it into equity, thereby preserving its current shareholding structure.

14 July 2026 at 01:01

Business

India: Large-cap stocks expected to rebound as foreign funds return

Indian large-cap stocks are expected to catch up with their underperformance versus small-cap stocks, according to strategists from Goldman Sachs, Jefferies, and Société Générale. Three drivers fuel this outlook: foreign investor returns, improving earnings prospects, and attractive valuations. Foreign funds have been net buyers of Indian stocks for four consecutive weeks as of July 13, 2026. During the previous correction phase, these same investors were the primary sellers, disproportionately weighing on large-caps.

14 July 2026 at 00:54

Business

Trump imposes Iranian blockade in Strait of Hormuz and 20% fee on oil transit

On July 13, 2026, President Trump reimposed a blockade on Iranian ships transiting the Strait of Hormuz—the world's most critical oil passage—and imposed a 20% fee on all other cargo moving through the chokepoint, totaling roughly $30 million per supertanker. Oil prices jumped over 9% in a single trading session, the largest one-day gain since April 2026. West Texas Intermediate (WTI) crude reached approximately $79 per barrel, while Brent closed above $83 per barrel. The measures coincide with a third consecutive night of U.S. military strikes against Iran.

14 July 2026 at 00:27

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

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