Skip to main content
Archived edition · October 10, 2026 Today's news →

What's happening in Europe?

Flag of Switzerland

Switzerland

News summary for

Go to today →

Gunmaker 🏭

Rheinmetall chief resigns with warning over spoiled politics

The head of Rheinmetall's local operations has resigned, leaving behind a blunt assessment of his country's comfort. He warned against hypocritical moralizing while the rest of the world re-arms, suggesting that perhaps a foreign drone over the Bundesplatz might be needed to shake the nation out of its welfare-induced neglect.

The search for a successor to Federal Councillor Guy Parmelin is underway, with the SVP setting an October deadline for candidates to step forward. Meanwhile, the Department of Defence is reportedly facing its own internal frustrations, with rumours suggesting Federal Councillor Martin Pfister may seek a move to a different department to escape them.

The national checkbook is under strain as the government attempts to calculate how to fund both increased old-age pensions and an expanded military budget simultaneously. Other local disputes range from a fuel tax proposal that the SP has labeled absurd to the relocation of 300 UBS subsidiary employees from Horgen to Zurich, a move expected to leave a dent in the municipality's finances.

Top stories

Rheinmetall Boss Resigns with Political Criticism

The Swiss head of Rheinmetall has resigned, expressing strong criticism of the country's political landscape, specifically citing 'welfare neglect' and 'hypocritical moralizing' at a time when global re-armament is a pressing issue. He suggested that extraordinary events, like a foreign drone over Bundesplatz, might be necessary to prompt change.

Federal Council Succession and Departmental Changes

The Swiss People's Party (SVP) has initiated the search for a successor to Federal Councillor Guy Parmelin, with a deadline of October 23rd for candidate submissions. Concurrently, Federal Councillor Martin Pfister, who heads the Federal Department of Defence, Civil Protection and Sport (VBS), is reportedly considering a departmental reshuffle due to apparent frustration within his current department.

Debate on Public Spending and Taxation

Switzerland is currently evaluating the financial implications of simultaneously increasing both its old-age pension system (AHV) and military budget, raising questions about the burden on citizens. This comes amidst a political debate where SP politician David Roth has strongly criticized a proposed fuel tax, labeling it "completely absurd" in a public dispute with the SVP party.

Initiative to Abolish Marriage Penalty

The 'Fairness Initiative' launched by 'Die Mitte' party aims to eliminate individual taxation, which would effectively overturn a previous public vote on the 'marriage penalty'. The article discusses the potential consequences of a 'yes' vote on this initiative.

Advocacy for EU Treaties

Benedikt Würth, a prominent voice in Swiss politics, is actively advocating for new treaty arrangements with the European Union. Initially supportive of an EU agreement but critical of the framework accord, he has become an influential figure in this ongoing debate, even challenging close allies.

Bank-now Relocates Headquarters to Zurich

UBS subsidiary Bank-now is moving its headquarters from Horgen to Zurich, a relocation that will bring 300 employees to the city. This move is anticipated to have financial implications for the local municipality of Horgen.

Wind Energy Progress in Vallorbe

Despite facing significant delays and opposition, wind energy projects in the canton of Vaud, particularly in Vallorbe, are moving forward. This progress underscores the ongoing challenges and broader obstacles for the development of wind power across Switzerland.

AI's Impact on Swiss Job Market Examined

A new report has been published detailing how artificial intelligence is reshaping the Swiss job market. The analysis identifies various sectors and roles that are likely to be 'winners' and 'losers' as AI technologies become more integrated into the economy.

Burnout and Life Change Through Travel

Christian Cozzaglio shares his personal story of quitting his job and embarking on a six-month solo journey across Asia and Australia during the pandemic, driven by burnout and a relationship's end. He now hosts a podcast to highlight others who have transformed their lives through travel.

News sources