EU Climate Policy: The European Commission is set to unveil an overhaul of the EU Emissions Trading System (ETS), aiming to keep climate goals on track while easing pressure on industry—key ideas include extending free allowances, slowing the tightening of emissions limits from 2031, and tying support more closely to clean-tech investment; it also pairs the ETS with a new electricity target of 46% of energy consumption by 2040. Swiss Banking Oversight: After the Credit Suisse collapse, Switzerland is pushing to strengthen FINMA’s powers, including the ability to fine and publicly name banks that break rules, but lawmakers are already debating how far federal regulation should go. Liechtenstein in the EU ETS: The ETS applies across the EU and also covers Liechtenstein via linkage, making the reform directly relevant for the principality’s carbon-cost environment. Trade Diplomacy: New Zealand hosted a major FIT Partnership meeting focused on reducing trade barriers; Liechtenstein was among the 16 small and medium-sized economies involved, with ministers issuing declarations on economic security and digital trade facilitation. US Foreign Policy & Travel: The US State Department announced a new travel ban on “far-left” nationals under a broader Trump-era framework, while the US also appointed diplomat Yuriy R. Fedkiw as Consul General in Mumbai.