Daily brief
UBS has offered the first Additional Tier 1 (AT1) bond since Swiss authorities paused reforms to the bank capital framework, marking a key step for the lender in rebuilding its debt structure.
Vitol warned that Europe and the US are not confronting an impending oil supply crunch.
Cognition rebranded its app to position itself as the Switzerland of AI agents, emphasizing neutrality and trust.
Swiss watch exports fell in April as ongoing US tariff volatility weighed on demand.
Nestlé is shifting focus from baby food to cat food amid declining birth rates, and separately partnered with startup Helaina to develop infant formula containing human proteins.