Switzerland

Switzerland's finance minister has said it is unlikely that UBS would move away from its home base, in comments addressing questions about the future of the country's biggest bank following its state-brokered takeover of Credit Suisse. The remarks aim to reassure concern over the bank's commitment to Switzerland, though speculation continues about whether tighter regulation could prompt it to consider relocating.

Diplomats gathered in Switzerland early this month to negotiate the first treaty on lethal autonomous weapons. According to sources, US and Russian delegates pushed to delete draft provisions requiring human review of AI-selected targets, though neither capital has confirmed the proposed changes. Negotiations over keeping humans in the loop remain the core sticking point.