Switzerland stays the world’s wealthiest nation; Coop cuts costs of 1,000 merchandise; and extra information in our roundup on Thursday.
Switzerland continues to be the world’s wealthiest nation
This has been an excellent week for Switzerland: first it was named because the world’s best nation, after which, in one other examine, its two largest cities, Zurich and Geneva, took the second and fifth locations, respectively, among the many world’s 173 most habitable cities.
And there’s extra: in keeping with the UBS International Wealth Report launched on Wednesday, Switzerland stays the world’s richest nation.
The common wealth per grownup in Switzerland stands at 687,166 USD (563, 900 francs), forward of the USA (620,654 USD / 509,303 francs), and Hong Kong within the third place.
READ ALSO: Why is Switzerland so wealthy?
Coop is slashing costs on over 1,000 merchandise
On the finish of final 12 months, Migros introduced that it could lower the costs of 1,000 merchandise over the approaching months.
Now its competitor Coop is saying it too has decreased costs on 1,000 objects this 12 months.
The retailer has already invested over 50 million francs to decrease costs to date in 2025, in keeping with its press release.
„These worth reductions present that we’re taking our promise to supply high-quality merchandise at engaging costs significantly,“ mentioned Andrea Kramer, Head of Advertising/Procurement.
Coincidentally or not, this 12 months Coop is celebrating the twentieth anniversary of its price range ‚Prix Garantie‘ label.
The corporate mentioned it’s planning to repeatedly increase the vary of this low-price line, including 30 objects this 12 months.
Commercial
Proposal for decrease rents is gaining momentum
Because the starting of June, the Swiss Tenants‘ Affiliation (ASLOCA) has been accumulating signatures for a citizen-driven initiative aimed toward placing an finish to what it refers to as „extreme rents.“
The affiliation has lengthy been calling for rents in Switzerland to be systematically managed by the state, with landlords with the ability to draw solely reasonable earnings on prime of precise prices.
As it’s at present, nevertheless, Swiss tenants collectively overpay their lease by 10 billion francs, ASLOCA mentioned.
Property house owners, nevertheless, refute this declare, calling ASLOCA’s calculations „fanciful figures.“
Commercial
Switzerland’s prime college stays extremely ranked internationally
In keeping with the QS World College Rankings 2026, revealed every year by the London-based greater training analytics agency. Quacquarelli Symonds, the Federal Polytechnic Institute (ETH) in Zurich stays among the many world’s main universities.
It has maintained its seventh place “because of its excellent worldwide popularity and world-class environmental, social and governance initiatives,” the QS mentioned.
“This makes Switzerland one in all 4 international locations within the international prime 10,” in keeping with the QS, whose annual rating consists of about 1,500 universities from world wide.
When you’ve got any questions on life in Switzerland, concepts for articles or information ideas for The Native, please get in contact with us at information@thelocal.ch
