Swiss-US Trade: Swiss President Guy Parmelin says there’s “no breakthrough” in talks with the US; negotiations continue as a joint statement nears expiry, keeping tariff and compliance uncertainty on the table. Port & Logistics: Switzerland-based MSC will buy a 49% stake in Adani’s Vizhinjam deep-water port in Kerala for $1.4bn, aiming to boost cargo volumes and accelerate ramp-up—another sign of Swiss shipping capital backing global infrastructure. Aviation & Competition: Lufthansa CEO Carsten Spohr says interest in Portugal’s TAP is “very strong” as the Portuguese government prepares a stake sale and Lufthansa and Air France-KLM line up bids. Digital Infrastructure Risk: Zurich Insurance highlights severe weather as the leading cause of loss in its US data-centre portfolio, underscoring how heat and storms are becoming a core operational and insurance issue. Circular Economy (E-Waste): Egypt and Switzerland sign a CHF 1.4m grant to build a national system for sustainable e-waste management, targeting reuse and recycling frameworks. Finance & Regulation: Sygnum expands across Europe after securing a MiCAR licence for its Liechtenstein unit, pushing regulated digital-asset services to EU/EEA clients. Health & Payments: MAS and ABS outline PayNow Generation 2 enhancements, including QR interoperability and smoother online checkout, to improve instant payments for consumers and merchants.