Swiss multinational food and drink giant, Vevey-based, the world’s largest publicly held food company by revenue.
Swiss voters have rejected the Swiss People’s Party initiative to cap the country’s population at 10 million by 2050, with roughly 55% voting against and 45% in favour. The measure would have forced stricter asylum and family-reunification rules once population hit 9.5 million and could have ended free movement with the EU if the 10 million limit were breached.
Global personal luxury goods sales are forecast to grow 2%–4% in 2026, reaching about €365–€373 billion. The Americas drive the rebound, with U.S. demand leading growth; China and Europe show uneven recovery amid geopolitical tensions. Experiential luxury and new spending patterns are reshaping the market.
The new SNAP cost-sharing rules require states with high payment error rates to cover a portion of benefit costs starting in October 2027. Several states face bill totals in the billions, raising the possibility that some may withdraw from the program. The Trump-era changes aim to curb waste, while critics warn of deeper harm to vulnerable families.
McCormick plans a secondary London listing while retaining its primary NYSE listing after agreeing to acquire Unilever’s foods arm. The move aims to boost liquidity and capital flows amid a broader push for European listings in a quiet market.
The United States has introduced new Section 301 tariffs on 60 economies, arguing they fail to prohibit or enforce bans on imported goods made with forced labor. The measures, which follow temporary tariffs that expired earlier this month, face sharp international criticism and may not offer a quick path to relief for affected industries. The administration cites investigations and hearings as justification, while opponents say the move is a political tool that broadens trade friction.