Switzerland
UBS faces half billion loss
UBS faced more than $500 million in exposure after U.S. auto supplier First Brands filed for bankruptcy, and the bank began assessing potential losses.

Seven Ukrainian regions lose protection
Switzerland's Federal Council extended protection status S to 2027 but excluded people from seven Ukrainian regions, including Lviv, who must now apply for regular asylum, critics warned.

ABB sells robotics to Softbank
Swiss industrial group ABB sold its robotics unit to Japan’s SoftBank for about $5.4 billion, abandoning a planned IPO and transferring roughly 7,000 employees to the buyer.
