Luxury & Hospitality: Orient Express, backed by Accor and LVMH, has launched its first giant yacht to court the “AI billionaire” wave of ultra-rich travellers along the French and Italian Riviera. Luxury Watches & Materials: Reuters reports a growing “gold fever” trend where some Omega and TAG Heuer watches are being melted down because the gold content can beat resale value. Swiss Manufacturing & Trade: ITM 2026 (textile machinery) wrapped in Istanbul with 48,257 professional visitors from 105 countries, underlining how Swiss textile suppliers keep pushing global demand. Swiss Energy Under Heat Stress: Switzerland’s Beznau nuclear plant temporarily shut both reactors as the Aare river warmed, limiting cooling capacity during the heatwave. Swiss Tech/Finance: A UBP panel discussion highlights investors’ concentration risk in AI-linked equities and the shift from “beta” to “alpha” thinking. Swiss Watch Innovation: Maurice Lacroix unveiled the PONTOS S Solar, using Swiss-developed solar movements for months of autonomy. Climate Shock: A Europe-wide heatwave is spreading east, with Switzerland among the affected countries and public services disrupted. Geopolitics Impacting Shipping: US-Iran tensions around the Strait of Hormuz flare again after strikes, keeping energy and logistics risks front and centre.