Neutrality Referendum: Swiss voters rejected a bid to hardwire “perpetual, armed neutrality” into the constitution, with about 70% voting no; the plan would have limited NATO cooperation and tightened sanctions rules, a move the government warned would harm security and restrict training with NATO. Banking & Regulation: UBS is again at the centre of Swiss finance politics after the upper house backed tougher capital rules; finance minister Karin Keller-Sutter said UBS is unlikely to leave its Swiss base, while a Swiss newspaper reports multiple foreign banks have shown merger interest. Cross-Border Mobility: Geneva approved a CHF39.5m package to fund cross-border transport projects with France, aiming to cut border traffic and improve park-and-ride, bus lanes and tram links. Wealth Management Deal: DBS and Avaloq expanded their long-running partnership to build next-generation wealth management capabilities for Asia. Sanctions Policy: Switzerland will keep Russia sanctions after the neutrality vote, signalling continuity in Bern’s approach. AI & Aviation Safety: A report highlights rising GPS interference near conflict zones, raising concerns about false cockpit warnings and pilot desensitisation. Business Travel & Tourism: A WEF index finds tourism conditions improved across most economies, with Japan leading and infrastructure and workforce pressures still key risks.