
— swissinfo bloomberg: The Russian president on Thursday ordered stakes in businesses of Nestlé and French supermarket chain Auchan to be placed under temporary administration by a local company. The Kremlin linked the actions to European military support for Ukraine.
— The initiative, launched by the group Pro Suisse, would enshrine in the constitution the principle of Switzerland's "permanent and armed" neutrality. The Swiss People's Party (UDC/SVP) is the only major party to support the proposal.
The "Safeguarding Swiss Neutrality" initiative, backed by Pro Suisse and members of the right-wing Swiss People's Party (UDC/SVP), seeks to define Swiss neutrality in the constitution as both "permanent" and "armed". It would also bar Switzerland from joining military or defence alliances except in the event of a direct attack on the country. The proposal further demands that Switzerland refrain from participating in foreign wars or imposing economic and diplomatic sanctions on belligerent states, except where required by the United Nations. Instead, the country should use its neutral status to provide mediation and other "good offices". Parliament overwhelmingly rejected the initiative. Although some lawmakers favoured a counterproposal, the idea was eventually dropped. — (LINK)
— Meanwhile, a referendum on easing restrictions on Swiss arms exports has been postponed. Parliament approved three amendments to the war materiel law last December, creating a more permissive framework for weapons exports, but opponents successfully forced a referendum. The delay angered the alliance behind the referendum campaign. In a statement, it accused the government of bowing to pressure from Swissmem, an industry group, which reportedly feared that holding the vote alongside the neutrality initiative would hurt its chances.
The second proposal on the ballot, the "For Secure Food" initiative, is much tighter. It seeks to promote the production and consumption of plant-based food and to increase Switzerland's degree of food self-sufficiency substantially from 50% to 70%. The food initiative is backed by environmental campaigners and several civil-society organisations. But all the main political parties have recommended a no vote. The Socialist Party, Greens and Green Liberals had supported a parliamentary counter-proposal. In its absence, however, they have joined the other major parties in opposing the initiative, arguing that it goes too far. Their voters are not necessarily following that advice. According to the first poll, 84% of Green supporters, 64% of Social Democratic voters and 55% of Green Liberal supporters intended to vote yes. — (LINK)
— Opposition to the "For Secure Food" initiative has grown even faster than for stricter neutrality. The proposal seeks to encourage the production of plant-based food to increase Switzerland's level of food self-sufficiency. Some 64% now oppose it, up 15 points, while support has fallen by 14 points to 33%.
— The space features Avolta-developed concepts Chef Kebap, Tiger Bites and Brewgate, alongside Geneva franchise Edwards and international brands Starbucks and McDonald's. The outdoor terrace has also been refreshed and features Food Stage, a flexible modular concept with a changing offer.
— swissinfo: A company spokesperson told the AWP news agency, following an earlier report on the financial portal Finews, that some of the changes were due to software development and back-office functions being consolidated within international hubs in future.
— The Swiss Farmers' Union (USC) estimates that 50% of the grain maize harvest has been lost, whilst losses for forage maize have reached 30%. Potatoes and sugar beet have both seen a 20% decline and 10% for soya, sunflowers and fresh vegetables. Fresh fruit has seen a 5% decline. Crops, such as hay have been hit hardest, with losses reaching 40%. The cherry harvest is 15% lower than forecast, with similar problems for plums and raspberries.
— In the face of these losses and the higher costs incurred for irrigation, agricultural organisations have begun negotiations to adjust prices. For milk, an indicative increase of four centimes per litre has already been agreed, and the sector will ask the Confederation for a further four centimes in support to tackle the emergency. In the potato sector, however, producers have secured a price rise of just two centimes per kilo from the major retailers.
— In 2024, 35.7% of permanently occupied homes were owner-occupied. Yet the gap between cantons was enormous. In Appenzell Innerrhoden, 55.8% of homes were occupied by their owners. In Valais, the rate was 52.6%, and in Jura 48.3%. By contrast, only 14.0% of homes in Basel-Stadt were owner-occupied. Geneva stood at 18.6%, while Zurich was at 27.1% and in Vaud 29.6%. The first divide is between urban and rural Switzerland. Housing costs far more in Geneva, where supply has not risen sufficiently to meet demand, than in Appenzell. Urban cantons attract younger adults, international workers and people who expect to move again.
— Mortgage affordability rules amplify this effect. Swiss banks typically assess borrowers not only against current mortgage rates but against a much higher theoretical interest rate, together with maintenance and amortisation costs. FINMA, the financial regulator, regards a calculation using a 5% mortgage rate, alongside maintenance and amortisation costs, as a sustainable benchmark. It also regards 20% of the bank's valuation to be a minimum deposit requirement. That means a household may be perfectly capable of paying the current interest bill but still fail the bank's affordability test. In expensive cantons, the income required to satisfy those tests can be formidable. The result is that a household which could plausibly buy a home in Jura, Solothurn or parts of Valais may fail to qualify for an equivalent property in Zurich, Zug, Basel, Geneva or Vaud.
— The prizes have been awarded for 35 years. Until now, they have always been handed out in the US. Researchers receive a genuine, albeit completely worthless, 10-trillion-dollar note from Zimbabwe. In 2008, the Ig Nobel Peace Prize was awarded to the Swiss National Ethics Commission and the entire Swiss population. The reason: Switzerland had enshrined in law the principle that plants, too, possess dignity.
— Of the CHF3.3 billion, nearly CHF2 billion went to the canton of Geneva, more than CHF550 million were generated in the neighbouring French region, and around CHF770 million in the rest of Switzerland.
— Bojana Rankovic and Philippe Schwaller at EPFL's Laboratory of Artificial Chemical Intelligence have developed a method that combines an LLM with a a Gaussian process, a kind of 'doubt detector", the probabilistic model commonly used in Bayesian optimization." Rather than asking the LLM to choose experiments directly ("direct prompting"), GOLLuM trains it using the Gaussian process's way of scoring uncertainty and performance of each option. Because of this, as the LLM learns from past experiments, it adjusts how it "organizes" the search space, the "master list" of every possible choice for an experiment.
— The researchers evaluated GOLLuM across 23 benchmark tasks covering organic synthesis, analytical and process chemistry, materials and catalysis, and molecular property optimization. Each optimization run began with ten low-performing observations, and the team used the same GOLLuM configuration across all benchmark tasks rather than tuning it separately for each problem, showing its versatility. Across the 23 benchmarks, GOLLuM ranked first on average, finding high-performing experimental conditions more consistently than Bayesian optimization with expert-designed descriptors.
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