AGP Executive Report
Last update: an hour agoTrade: Switzerland and its EFTA partners signed a free-trade agreement with Vietnam, reducing or removing duties on industrial, agricultural and fish products. The deal aims to widen market access and strengthen links between Swiss firms and Vietnam’s supply chains. Rail Innovation: Stadler is testing hydrogen trains for Italy on Swiss narrow-gauge track, showcasing Swiss rail engineering as the company advances what it calls the world’s first narrow-gauge hydrogen train. Luxury and Mining: Richemont is in talks to join a consortium bidding for De Beers, valued at about $1 billion. The Swiss group’s potential role could strengthen its position in the natural-diamond business. Aviation Supply: Switzerland released jet-fuel reserves as Zurich airport faced a shortage; Lufthansa also told aircraft to carry extra fuel amid supply strains at Zurich and Frankfurt. Agriculture: Sugar beet disease is spreading in central Europe, with Switzerland among the hardest-hit countries. The bacterial infection can cut root yields by up to 25% and sugar content by up to 5%.
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