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Migros Restructuring: Ten Cooperatives to Become One
Switzerland’s largest retailer is planning the biggest overhaul in its 100-year history. The Migros restructuring would merge the group’s ten regional cooperatives into a single group cooperative, simplifying a management structure that executives say has become too complex and too slow. The final decision rests with Migros’ 2.3 million cooperative members, who are due to…
Ernst Tanner Lindt Crisis: Prices Too High, CEO Out
Lindt & Sprüngli chairman Ernst Tanner has broken his silence on the worst crisis of his 33 years at the Swiss chocolate maker, admitting the company raised its prices too far and lost customers in its second-biggest market. The Ernst Tanner Lindt interview, published by the NZZ am Sonntag on 24 October 2026, came days…
Zeitumstellung Switzerland: Clocks Go Back 25 October
Switzerland is about to get an extra hour of sleep. In the night from Saturday 24 October to Sunday 25 October 2026, the Zeitumstellung Switzerland switch takes the country from summer time back to standard time, known locally as winter time. At 3am the clocks go back to 2am, and the hour we lost in…
Geisterfahrer Gotthard: A2 Wrong-Way Crash Explained
A geisterfahrer caused a major emergency on Switzerland’s A2 motorway on Thursday evening. A 58-year-old driver from the canton of Zurich drove about 10 km the wrong way near the Gotthard road tunnel in Ticino before crashing head-on into a police car. Two police officers were seriously injured and the driver was moderately hurt. The…
France Travel Reimbursement: Why ‘Remboursement’ Just Spiked on Google Trends
France travel reimbursement is suddenly one of the most-searched finance topics in the country. The term “remboursement” surged past 10K searches on Google Trends France in the last 24 hours, driven by travellers heading abroad for the Toussaint holidays who want to know one thing: how do I get my money back if I pay…
OLMA St. Gallen 2026: 335,000 Visitors and a Security Row
Switzerland’s largest public fair has closed its gates. The 83rd OLMA St. Gallen drew more than 335,000 visitors over eleven days, roughly matching last year’s turnout. Organisers and the St. Gallen city police gave the event a positive verdict — but the OLMA St. Gallen 2026 security record was marred by a serious assault that…
US Budget Deficit Hits $2 Trillion in 2026
The US budget deficit widened sharply in the fiscal year ended in September 2026, rising 12% to $1,992 billion — nearly $2 trillion — as refunded tariff revenue and surging interest payments on the national debt overwhelmed record federal revenues. The figures, published by the US Treasury on October 16, leave the deficit at about…
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…
Stock Market Today: Chip Stocks Plunge on AI Funding Worries
The stock market today is firmly in the red as a global rout in chip stocks deepens. Nvidia, AMD and Dell are leading the declines, with selling spreading from the United States across Asia as investors question whether the money behind the artificial-intelligence buildout will keep flowing. It is the kind of session that reminds…