AGP Executive Report
Last update: 10 hours agoIndustrial Partnerships: Swiss and Chinese businesses met in Schaffhausen to explore cooperation in biomedicine and AI, drawing on Swiss strengths in precision industries, life sciences, advanced manufacturing and robotics. Energy Technology: Landis+Gyr reported first-half FY26 revenue of $501.4 million, down 6.3% year on year, while adjusted EBITDA rose 3.5%; a major October contract added $509 million in orders. Defence Procurement: Switzerland shortlisted Israel’s Barak MX and the Franco-Italian SAMP/T NG for additional air defence, as delays cloud delivery of its US Patriot systems. Swiss Tech: The US ordered federal agencies to stop buying Acronis products and remove them from IT systems, citing security concerns over privileged access. Finance: UBS reported a third-quarter profit of $2.7 billion as its Credit Suisse integration nears completion; a union separately warned a relocation could put up to 12,000 Swiss jobs at risk. Climate Resilience: Switzerland adopted a 2026–31 adaptation plan to address rising heat and drought.
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