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Swiss Re Profit Beats Estimates as Reinsurer Boosts Cost Cuts
Swiss Re AG’s first-half profit beat estimates as the reinsurer saw all key business units perform in line with targets, while the firm announced a fresh round of cost cuts. Profit for the second quarter was $1.3 billion, resulting in …
POSTED AUGUST 06, 2026 8:08 AM |
A Chinese Spyware Tool Operates in 13 Countries, Cyber Firm Says
A Chinese-built digital spyware tool has evolved into a more all-encompassing surveillance technology that’s in use in more than 13 countries, according to new research from a security firm. The cybersecurity firm Arctic Wolf Networks Inc. said Wednesday that it …
POSTED AUGUST 06, 2026 7:57 AM |
Google to Face UK Class Action for Alleged Abuse of Ad Power
Alphabet Inc.’s Google faces a class action lawsuit over alleged abuse of its dominance after an antitrust tribunal allowed a claim on behalf of hundreds of thousands of British firms to go ahead. The lawsuit alleged that Google overcharged businesses …
POSTED AUGUST 06, 2026 7:42 AM |
Brookfield Raises Record $77 Billion Driven by Insurance Arm
Brookfield Asset Management raised a record $77 billion in the second quarter, led mostly by its credit business, as the firm continues its push into the insurance sector. The firm’s distributable earnings climbed 15% to $707 million, or 44 cents …
POSTED AUGUST 06, 2026 6:14 AM |
Zurich Insurance Earnings Boosted by Global Data Center Demand
Zurich Insurance Group AG reported a 13% gain in profit for the first half of 2026 as it saw accelerating demand across all businesses, boosted by global data center and energy infrastructure demand. Group operating profit rose to $4.77 billion, …
POSTED AUGUST 06, 2026 6:03 AM |
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