Economy
Annual inflation in Switzerland rose to 1.5% in October, its highest level since December 2023, though it remains within the Swiss National Bank’s 0% to 2% price-stability range. Petroleum products cost 40% more than a year earlier.
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Finance
A new EU banking rule scheduled to take effect on January 11, 2027, could restrict European customers’ access to Swiss banks. The change raises questions for Swiss financial institutions serving clients across the border.
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Society
More than two million people in Switzerland show clear signs of smartphone addiction, according to a new study, while 7% show pronounced signs of anxiety about being without a phone or mobile connection. The study found higher rates among younger people.
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Transport
The Gotthard Pass will close to traffic for winter at 8am on Thursday, November 5, between Hospental in Uri and Airolo in Ticino. The Schöllenen walking and cycling route has already closed, while the Susten and Furka passes are also shut for the season.
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Business
Lonza is acquiring five US manufacturing sites from Germany’s Merck Group, doubling its US network of contract development and manufacturing sites from four to nine. Around 1,100 employees are expected to transfer to the Swiss life sciences group.
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Healthcare
A new Swiss survey found that 42% of respondents use AI chatbots when they experience symptoms of illness, up from 20% a year earlier. Use rose across age groups, with 62% of young adults saying they had turned to AI for health-related questions.
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Politics
Swiss voters will decide on November 29 whether to ban the sale and use of loud fireworks. The proposal would leave sparklers and fountains permitted.
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Foreign affairs
Switzerland is preparing to host about 1,000 people for the OSCE Ministerial Council in Lugano on December 3 and 4. The federal government will cover 80% of the canton’s security costs for the meeting.
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Business
SWISS reported an operating profit of CHF421.4 million for the first nine months of 2026, up CHF10.2 million on the same period last year. Strong travel demand and cargo performance helped offset higher fuel costs.
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