Switzerland said it will reconsider extending the service life of its existing combat aircraft after a proposed CHF6 bln (about $7.6 bln) purchase of new jets from the United States stalled over price. Parliamentarians proposed keeping F-5 Tiger and F/A-18 jets in service into the 2030s to avoid a "serious weakening" of operational fighter capability amid F-35 delivery delays. The Federal Office for Defence Procurement said work to ensure the F/A-18 fleet can operate into the early 2030s has bee

2026-06-04

Switzerland said it will reconsider extending the service life of its existing combat aircraft after a proposed CHF6 bln (about $7.6 bln) purchase of new jets from the United States stalled over price. Parliamentarians proposed keeping F-5 Tiger and F/A-18 jets in service into the 2030s to avoid a "serious weakening" of operational fighter capability amid F-35 delivery delays. The Federal Office for Defence Procurement said work to ensure the F/A-18 fleet can operate into the early 2030s has been completed. Defence Minister Martin Pfister opposes the extension, saying it would cost millions of francs and is neither in Switzerland’s security interest nor fiscally responsible.

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2026-06-04

At the 02:30 close, the SHFE main gold contract fell 0.74% to 973 yuan/gram, the SHFE main silver contract fell 2.24% to 17,795 yuan/kg, and the SC crude main contract rose 1.16% to 611 yuan/barrel.

2026-06-04

HSBC’s Q3 2026 Global Investment Outlook says investors are focusing on long-term structural opportunities and the bank is bullish on Asian technology innovation, with China’s AI development a central theme. Kuang Zheng, HSBC Private Bank and Wealth Management China CIO, said AI will continue to attract strong capital and boost productivity, lifting earnings across multiple sectors. Expansion of digital infrastructure and AI will channel global capital into technology and will also benefit indus