Switzerland
ABB sells robotics to SoftBank
Swiss industrial group ABB sold its robotics unit to Japan’s SoftBank for $5.4 billion and scrapped plans for an initial public offering.
UBS faces $500m potential loss
UBS assessed more than $500 million of exposure after U.S. auto‑parts supplier First Brands filed for bankruptcy, prompting the Swiss bank to review potential losses.
Switzerland limits protection for Ukrainians
The Swiss Federal Council extended protection S to 2027 but limited it, classifying seven Ukrainian regions, including Lviv despite recent heavy attacks, as safe and excluding residents there from S.
