The steelmaker said it isn’t able to safely restart operations at its Ukrainian subsidiary after missile attacks killed five people and injured 17 employees.
The upper house of Swiss parliament backed a proposal to ease new capital demands on the group, while rejecting a stricter requirement in a bill put forward by the country’s government.
Shares rose 4%, taking the stock’s year-to-date gain to nearly 10%, after the bank said it is cutting costs and growing revenue to boost profitability through the end of the decade, including widening its use of AI.
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