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Migros Bank’s Private Client Chief Markus Schawalder Steps Down August 19
Migros Bank’s private client head Markus Schawalder departs after five years leading the division. The bank begins search for successor as mortgage growth slows.
Rhine Drought Cuts Freight Flow 50%, Pushes Swiss Fuel Prices Up 16 Cents
Rhine water levels hit historic lows in August 2026, halting barge traffic to Basel and raising Swiss petrol prices by 12-16 cents per litre as freight shifts to costlier road transport.
Brigitte Küchen Files Third Insolvency in Six Years as Iran War Halts Gulf Projects
German kitchen maker Brigitte Küchen files third insolvency in six years. Iran war halts Gulf construction projects. 120 jobs at risk.
Volkswagen Stock Drops as Porsche SE Demands Swift Cost Cuts, August 09
Porsche SE demands rapid restructuring at Volkswagen after EUR 2.2B loss. CEO Blume’s plan to cut 50,000 jobs and close four German plants faces union and state resistance. Meyka grades VOW3.DE a B.
Lufthansa 747 Diverts to Congo After Cabin Odor; Stock Falls 2.5%
Lufthansa Boeing 747-8 with 363 passengers diverts to Congo after cabin odor. Emergency landing in Brazzaville on August 7, 2026. Stock drops 2.5% to €8.34.
Lufthansa Stock Plunges 8.2% as Q2 Profit Crashes 88% on Fuel Costs
Lufthansa Q2 profit collapsed 88% to €123M due to €750M fuel cost surge and strikes. Stock fell 8.2%. Airline raises fees on seats and baggage to recover losses.
Gotthard-Tunnel: Bis zu 13 km Stau und 3+ Stunden Wartezeit am 8. August
Gotthard-Tunnel im August 2026: TCS prognostiziert bis zu 13 km Stau und Wartezeiten über 3 Stunden. Reisende sollten sich auf erhebliche Verzögerungen einstellen.
Öltanker explodiert in Hormus-Straße nach Minentreffer am 26. Juli
Öltanker explodiert in Hormus-Straße nach Minentreffer. Iran kontrolliert die Passage und zwingt Schiffe zur Nutzung designierter Routen. Ölpreise fallen nach US-Angriffspause.
Rentenreform 2026: Vertrauensschutz für Jahrgänge ab 1961
Germany’s pension reform will end early retirement at 63, but workers born around 1961 and later get trust protection with gradual phase-in, not immediate cuts.