Swiss-EU Politics: Switzerland’s looming vote on a 10 million population cap is raising alarms in Brussels, with EU officials warning that free movement of persons is central to relations and could be hard to keep intact if the cap is enforced. Geneva & Labour: Cuba’s labour minister told the ILO in Geneva that workers will be “protected” as the crisis deepens, citing the fuel embargo and promising wage support measures. Inflation Watch: The IMF says 2026 inflation will stay wildly uneven, with Venezuela projected as the worst case and some countries near deflation—useful context for Swiss firms planning pricing and demand. Banking & Capital Flows: China’s crackdown on cross-border investment is expected to weigh on Hong Kong banks, insurers and wealth managers that rely on mainland clients, with some firms already tightening travel and client events. Markets & Rates: Stocks rebounded while oil wobbled as traders weighed Iran tensions and the ECB’s first rate hike since 2023. Cybersecurity: The EU ran a large cross-border cyber drill targeting rail and maritime networks, with Switzerland among partners—relevant for Swiss logistics and critical infrastructure. Business & Trade Links: Vietnam and Switzerland are pushing deeper economic connectivity at a Swiss-Viet forum, with focus on innovation, digital and the green transition. AI Finance: Aon and other players are turning data-centre risk into tradable securities as traditional insurance capacity struggles with concentrated, fast-growing exposure.