AGP Executive Report
Last update: 11 hours agoEmployment: Geneva’s unemployment rate rose to 5.3%, the highest in Switzerland; the national rate stands at 3%, with SECO expecting it to remain stable through 2027. Heat: Switzerland’s hottest summer on record is estimated to have caused 1,257 deaths from May to August, mostly among people aged 75 and over. Swiss business: China blocked SoftBank’s $5.4 billion bid for ABB’s robotics business in China, a setback for the Swiss-Swedish group’s planned sale. Insurance: Swiss Re reported a 3% rise in nine-month net income to $4.2 billion and kept its full-year target unchanged. Biotech: Zurich-based Molecular Partners presented promising preclinical results for a cancer treatment designed to target tumours while sparing healthy tissue.
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