AGP Executive Report
Last update: an hour agoABB Deal: China has blocked SoftBank’s planned $5.4 billion purchase of ABB’s robotics unit, citing concerns over robotics data being transferred overseas. China accounts for about 30% of ABB’s robotics business. Insurance: Swiss Re posted $4.2 billion in net income for the first nine months of 2026 and a 22.5% return on equity, keeping it on track for its full-year target. Banking and Tech: UBS has cut about 200 London roles as its Credit Suisse integration nears completion. Google has also extended voluntary buyouts to employees in Switzerland as it redirects spending towards AI and cloud. Regional Economy: Geneva, Vaud and Valais generated CHF190 billion in GDP in 2024, overtaking Zurich’s CHF167 billion to become Switzerland’s largest economic hub. Trade and Investment: Switzerland’s upgraded free-trade deal with China is set to remove tariffs on more than 99% of imports, while Zurich-based Candi Solar secured $50 million to finance renewable-energy projects in India.
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