Swiss Luxury Watch & Jewellery: Richemont kicked off its fiscal year with double-digit growth, led by jewellery maisons (up 24% in constant currency), lifting group sales to €6.3bn in Q1 and pushing shares higher in Europe. Swiss Tech & Industry: Hexagon and FIM launched a multi-year partnership to modernise racing motorcycle measurement and homologation for WorldSBK, using Hexagon’s portable measuring arms and laser scanning. Swiss Finance & Markets: After Credit Suisse, markets are reassessing bail-in credibility, while European stocks were mixed as investors weighed US-Iran tensions against strong ASML-led tech results. Swiss Regulation & Competition: Switzerland is probing Google after it removed the Android search choice screen, with regulators citing reduced options for users. Swiss Trade & Policy: Switzerland and the UK moved toward/confirmed enhanced free-trade terms, including market access and roaming/e-gate arrangements. Global Risk With Swiss Links: Toronto’s air quality hit “very high risk” levels as wildfire smoke spread; IQAir (Swiss) ranked the city worst globally. Business Payments: India is reportedly reviewing whether to bring back MDR fees on large merchants for UPI, while keeping peer-to-peer transfers free. AI Standards: The ITU launched a Geneva-based initiative to build trust in AI behaviour and digital identity, aiming for global standards.