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.

UBS faces half billion loss
9m
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.

Seven Ukrainian regions lose protection
8m
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.

ABB sells robotics to Softbank
9m