Banking Tech Deal (Switzerland): Temenos will acquire additiv, a Swiss fintech that orchestrates wealth and other financial services workflows with an AI-enabled “orchestration layer,” aiming to speed up proposition launches and improve advisor productivity. Swiss Defence Procurement: Switzerland signed for 32 AGM 155mm self-propelled howitzers on Piranha IV vehicles, replacing the M109 fleet and adding more mobile, longer-range indirect fire with training and logistics support included. Energy Retail Expansion (Italy): Primeo Energie launches in Italy for business and industrial customers using triPica’s AI-driven SaaS billing and customer engagement platform, targeting a liberalised market with intense supplier competition. Arbitration & Energy Assets (Bulgaria/Swiss link): Bulgaria faces a potential EUR 3bn arbitration risk tied to Litasco’s Swiss co-ownership of Lukoil assets, as officials reject any nationalisation plan. Finance Regulation Shock (Swiss exposure via Valcambi): India’s SEBI interim order alleges Rajesh Exports inflated revenues and misrepresented accounts, with shares hitting the lower circuit and spillover concerns for investors and lenders. AI in Services (Churches): LiveVoice released a report on growing adoption of AI translation tools in church services, pushing real-time captions and hybrid models for multilingual worship.