Swiss Immigration Vote: Switzerland’s right-wing SVP is pushing a referendum to cap the population at 10 million by 2050, a move that could reshape labour supply and EU ties as foreign-born residents rise to about one in three. Swiss Economy & Talent: Business groups and healthcare warn the cap could hit access to global talent and strain services, while the vote is closely watched for economic fallout. International Deal Watch (Geneva): The US and Iran are reportedly nearing an interim peace framework that could be signed in Geneva, with disputes over frozen assets, nuclear talks timing, and Hormuz control. Swiss Diplomacy & Trade: Switzerland plans a stronger, structured partnership with Vietnam, including support for an EFTA-Vietnam free trade deal and investment protection updates. Luxury & Watches: Rolex raised gold watch prices again (about 5% on average), marking a rare second annual increase as demand from wealthy buyers stays resilient. Zurich Security Costs: Switzerland will cover police costs for Trump Jr.’s private Zurich meeting, after questions about who pays for the large operation. Markets & Housing: A new Global Property Guide ranking puts Geneva and Lucerne among Europe’s priciest cities, with Bern and other Swiss markets still near the top. Energy & Green Economy: Armenia’s regulator and Swiss development group HELVETAS will cooperate on inclusive, green economic development, energy efficiency, and regulatory improvements.