AGP Executive Report
Last update: 3 hours agoSwiss Energy & Power Security: economiesuisse estimates Switzerland will face about CHF4bn in costs to avert winter power shortages over the next two decades, arguing the price is justified versus the bigger economic damage of shortages; a plan for four new fossil backup plants is pegged at CHF2.3bn but faces criticism from parliament and the Federal Audit Office. Climate & Health: Europe’s heatwaves are estimated to have caused around €43bn in lost output, while only about €500m was insured—highlighting a widening protection gap as businesses lose revenue and productivity even without direct damage. Research & Tech: EPFL researchers unveiled a “sound-powered” 3D-printed engine that uses resonant cavities to generate directional thrust, including micro-drones driven by ultrasonic frequencies. Business & Trade: A Chinese container ship launched a new weekly Arctic route from Ningbo to Europe via the Northern Sea Route, cutting travel times but raising environmental concerns over faster polar ice melt. Culture: Locarno’s Golden Leopard went to Romanian director Florin Șerban for “You Don’t Belong Here,” with the festival spotlighting independent cinema and new private investment. Digital Privacy: OpenAI’s new ChatGPT “Computer History” for macOS logs clicks and keystrokes into locally stored, unencrypted plain text, and is not available in the EEA, Switzerland or the UK.
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