AGP Executive Report
Last update: 5 hours agoArms Industry: Switzerland’s November 29 vote will decide whether to ease strict weapons-export rules, as manufacturers argue the limits threaten the sector’s future. Jobs: Geneva unemployment rose to 5.3%, the country’s highest rate; nationally it stands at 3%, with little change expected through 2027. Insurance: Swiss Re reported nine-month net income of US$4.2 billion, up 3% year on year. Corporate Deals: China blocked SoftBank’s US$5.4 billion purchase of ABB’s robotics business in the country, disrupting the Swiss group’s planned sale. Trade: An upgraded China-Switzerland free-trade deal aims to eliminate tariffs on more than 99% of imports, deepening commercial ties.
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