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SWISS
Trends
- 1Swiss voters overwhelmingly reject far-right neutrality plan●Swiss voters overwhelmingly reject far-right plan to toughen neutrality
Swiss voters have overwhelmingly rejected a proposal to reinterpret the country's long-standing neutrality in a stricter, more isolationist way. Final government results showed more than 70% voted against the initiative, with a majority against in all 26 cantons. The plan was championed by the right-wing Swiss People's Party, and the decisive result is being read as a firm endorsement of Switzerland's current neutral stance.
- 2Art Basel Parent Company Reports Sharp Rise in Profits●Art Basel’s Parent Company Records A Significant Rise In Profits Since Last Year
MCH Group, the parent company of Art Basel, has reported a significant increase in profits compared with the previous year. The results point to a strong recovery for the Swiss events group, whose flagship art fairs draw galleries and collectors from around the world. Observers in the art market are watching the figures as a signal of the sector's health and of demand for live fairs.