AGP Executive Report
Last update: 12 hours agoDefence Supply Crunch: Europe’s push to boost ammunition output is running into a nitrocellulose shortage, with Eurenco restarting production in France and Rheinmetall converting a German plant—while Switzerland’s Nitrochemie at Wimmis supports propellant expansion, highlighting how tightly the continent’s defence supply chains are now linked. Drone Tariffs Shock: The US is set to impose tariffs on imported drones and components—100% on “sensitive” models, 25% on smaller drones, and 15% for the EU, Japan, Liechtenstein and Switzerland—aimed at reducing reliance on foreign suppliers and accelerating domestic manufacturing. Swiss Finance & Security: Liechtenstein says it won’t pay ransom after a major cyberattack on its foundations and trusts registry, underscoring the growing risk for financial centres. Luxury Trade Demand: Coastal Timepieces reports a 20% jump in pre-owned watch trade-ins, reflecting a shift toward watches as tangible, portfolio-style investments. Diplomacy Appointment: Switzerland names Dr Thomas Oertle as ambassador-designate to Ghana, Benin and Togo, with a background spanning Africa and development cooperation. Markets & Policy: Switzerland’s economy is reported to be growing at its fastest pace since 2021, while Swiss Re warns Europe’s heat risk is underestimated. Business Expansion: Cencosud is expanding Argentina’s Unicenter with a Swiss Medical centre planned to serve 20,000+ patients per month.
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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