AGP Executive Report
Last update: 5 hours agoSwiss Business & Economy: Switzerland’s VAT rise is set to fund an extra pension payment after parliament chose the measure, while Swiss inflation stayed stable at 0.6% and joblessness remained steady at 3.0%. Banking & Finance: France has brought preliminary charges against HSBC’s Swiss unit in a probe tied to Lebanese central bank embezzlement allegations involving Riad Salameh. Trade & Tariffs: The US USTR proposed new Section 301 forced-labour tariffs ranging from 10% to 12.5% across 60 economies, with exclusions for certain goods and USMCA-compliant items. Markets & Crypto: Crypto’s selloff deepened as Bitcoin slipped below $60,000 and the wider market lost about $2 trillion in value, reviving fears over alternative-asset stability. Swiss Tech & Industry: NVIDIA and Unitree are pushing a reference platform for humanoid robotics, combining Unitree’s H2 Plus, tactile hands from Sharpa, and NVIDIA’s Isaac/Jetson stack for researchers. Corporate Moves: SOCAR completed its acquisition of 99.82% of Italiana Petroli, expanding its integrated energy footprint in Europe.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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