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Razzia Neugasshof: 15 Arrested as Zurich Police Storm Kreis 5 Bar
The Razzia Neugasshof operation unfolded late on Wednesday evening, when Zurich police stormed the Neugasshof bar in the city’s Kreis 5 district in one of the largest law enforcement actions in the area this year. Fifteen people were arrested on suspicion of large-scale drug trafficking, and 14 of them remained in provisional custody the following…
Trump Threatens Swiss Watch Import Ban to Cut $40 Billion Trade Deficit
Trump threatens to ban Swiss watch imports to cut the U.S. trade deficit. August data shows imports hit $420.8 billion, the highest since tariffs began in April 2025.
F1 Software Bug Halts Bahrain GP in Malaysia; Verstappen Wins Amid Chaos
Max Verstappen won the Bahrain GP in Malaysia after a software bug left multiple cars stranded on the formation lap. The FIA blamed an unprecedented combination of low speed, wet conditions, and circuit layout.
ATO Stops Credit Card Payments From November 30, 2026
ATO ends credit card tax payments from November 30, 2026, following Reserve Bank surcharge ban. Small businesses and opposition say the move is unfair and removes vital cash-flow flexibility.
ATO Bans Credit Card Tax Payments From November 30, 2026
ATO stops accepting credit card tax payments from November 30, 2026. Small businesses face cash flow squeeze as they absorb card processing costs the tax office refuses to carry.
CBA Extends Regional Branch Pledge to December 2030
Commonwealth Bank commits to keeping 281 regional branches open until December 2030, investing A$140 million and maintaining cash access despite declining usage.
Swiss GDP Growth Forecast Jumps to 1.7% for 2026 on Pharma Surge
Switzerland raises 2026 GDP forecast to 1.7% from 0.9% after Q2 growth hits 1.5%, strongest since 2021. Pharma drives half the gains, but inflation expected to rise.
CITIC Bank Offers USD Fixed Deposits at 4.2% as Hong Kong Savers Hunt Yields
CITIC Bank offers USD fixed deposits at 4.2% annual rate for 12-month terms on new funds. HK banks compete for deposits as DPS celebrates 20 years of protecting up to HK$800,000 per depositor.
China Seizes F-35 Stealth Parts Diverted From Australia on September 24
China has seized F-35 stealth aircraft parts diverted from Australia. A cockpit canopy and weapons-bay door coated with radar-absorbing material were shipped by UPS in May but never reached the US.