Business
Bitcoin Suisse says Switzerland has lost ground as a cryptocurrency hub and is moving some operations and jobs abroad. The Zug-based company has announced cuts to 60 of its 120 Swiss jobs and says it is shifting its focus towards wealth management.
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Business
Spanish pharmaceutical group STE Pharmaceuticals plans to convert a former factory in Couvet, Neuchâtel, into a 15,000-square-metre production and research site by 2032. The company says the expansion is intended to create skilled jobs, although it has not yet estimated how many.
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Trade
China and Switzerland have signed an update to their trade deal that removes tariffs on almost all Swiss exports to China. The leaders of both countries hailed the agreement at a signing ceremony on Friday.
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Housing
Rising rents are prompting more residents to leave expensive Swiss cities such as Zurich, Geneva and Basel for neighbouring cantons, according to The Local. New arrivals from abroad are increasingly filling the resulting gaps in city populations.
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Government
Switzerland’s new biometric identity card is being introduced on November 2, according to The Local’s report on the launch. The change gives residents a new national ID option alongside existing identity documents.
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Society
A national conference in Bern is examining the risks associated with the ‘manosphere’ after a study found that one in five men surveyed in Switzerland endorsed a form of masculinity based on domination. The study also found particularly high scores among young men.
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Foreign affairs
Foreign Minister Ignazio Cassis has visited North Korea and attended the reopening of Switzerland’s office in Pyongyang as the country seeks to revive political dialogue. The trip has prompted differing views among Swiss foreign-policy experts about the risks and value of the diplomatic effort.
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Crans-Montana
Jacques Moretti, who is under investigation over the deadly Constellation bar fire, faced further questioning in Sion on Monday. Prosecutors postponed the planned questioning of his wife, Jessica Moretti, until December 2, citing her fragile mental state.
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Environment
Graubünden says it relocated about 5,000 fish from small watercourses during this summer’s severe drought, but several hundred died despite rescue efforts. The canton reported historically low water levels across most river basins and significant effects on agriculture and the alpine economy.
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