AGP Executive Report
Last update: 2 hours agoSwiss-India Business Diplomacy: Swiss President Guy Parmelin starts a three-day state visit to India with talks with Narendra Modi, expected to cover trade, investment, science and mobility, and to mark the first anniversary of the India-EFTA trade deal. Swiss Corporate Dealmaking: Zurich Insurance’s $10.8bn Beazley acquisition is now final, with Kristof Terryn set to lead the combined specialty operation (subject to approval). Swiss Watch Industry: A new report highlights how Switzerland’s watch sector is shrinking in volume but “getting swankier”, with a handful of top brands capturing most revenue. Swiss Finance & Crypto: Switzerland’s central bank warns stablecoins could disrupt monetary policy, while UK HMRC announces automatic crypto reporting rules from May 31, 2027—expanding data sharing that includes Switzerland. Global Markets Mood: Inflation worries, sovereign-yield moves and geopolitics kept markets choppy, with the dollar firm and Europe’s fiscal stress in focus. Trade & Commodities: Uganda joins the Swiss Coffee Trade Association, aiming to deepen access to global coffee markets. Biotech Licensing: Novartis signs an up-to-$7.8bn licensing deal with Abogen for mRNA-based therapies, underscoring renewed dealmaking focus.
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