The dollar rose against the yen, but the strength was unlikely to be sustained, MUFG said, given the headwinds facing U.S. economic growth.

Cevian Capital, a Swedish activist investor, became Baloise’s top shareholder last September by increasing its stake from 3.1% and had been pushing for changes within the group.

Klaus Schwab, founder of the World Economic Forum (WEF), is facing renewed scrutiny from the very institution he built, after ...