AGP Executive Report
Last update: 5 hours agoWater Supply: Swiss experts say drought and pollution are increasingly putting drinking water at risk; around 400 sector representatives are expected at a Zurich summit this week to discuss solutions. Business: Lindt has replaced CEO Adalbert Lechner with former chief Dieter Weisskopf on an interim basis after cutting its sales outlook twice; the chocolate maker says it needs new leadership to restore growth. Roche, meanwhile, agreed to pay Hansoh $400 million upfront for an antibody-drug deal that could reach $15 billion. Banking: UBS faces tougher proposed capital rules as Switzerland weighs financial stability against competitiveness, with reports saying the bank is considering options abroad. Trade: Switzerland and other EFTA members signed a free-trade agreement with Vietnam after 14 years of negotiations, opening new prospects for trade and investment. Zurich: The city is set to host an international commercial court, adding to its role as a hub for cross-border business disputes.
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