EU Tech Sovereignty: The European Commission’s proposed Cloud and AI Development Act (CADA) would set a four-level cloud sovereignty assurance framework, with “open source first” procurement and possible delegated acts extending risk-assessment duties to private firms—an early signal for software vendors and hyperscalers planning for late-2027 adoption. Swiss Banking Digitalization: Four Swiss cantonal banks (Basellandschaftliche Kantonalbank, Basler Kantonalbank/Bank Cler, St. Galler Kantonalbank, Thurgauer Kantonalbank) are migrating to Avaloq’s upgraded mobile platform in phases, adding trading/portfolio tools, configurable dashboards, real-time alerts, and Apple/Google Pay. Liechtenstein in the Financial Spotlight: A US DOJ probe reported by Bloomberg is examining alleged money flows tied to Iran’s Supreme Leader Mojtaba Khamenei, with claims of routing through banks in Switzerland and Liechtenstein. Trade & Industry Policy: Switzerland’s House rejected the EFTA–Mercosur free trade deal, including farmer support funding and the EU deforestation rules—raising uncertainty for regional supply chains. Defense Procurement: Greece signed up to the EU’s SAFE defense financing, unlocking up to €787.7m in long-term loans for surveillance, secure communications, and counter-drone tech. Energy Security Context: A joint statement condemns a May 17 drone attack targeting electrical infrastructure outside the Barakah nuclear plant’s inner perimeter, with Liechtenstein among signatories.