Switzerland New Year Tragedy: Bar Explosion Kills 40, Injures 100+ in Crans-Montana

• Explosion and fire at 'Le Constellation' bar in Crans-Montana, Switzerland, during New Year's celebrations at 1:30 AM Thursday.
• Initial reports indicate around 40 deaths and over 100 injuries; police confirm fatalities and injuries, but not exact numbers.
• Approximately 400 people were in the bar; rescue operations are ongoing with police, fire, ambulances, and Air-Glaciers helicopters.
• Cause under investigation, suspected gas leak in the basement; not believed to be a terrorist act.
• New Police Chief Frédéric Gisler to hold a press conference at 10 AM; incident deeply impacts Valais region's tourism.

Why It Matters: Tragic New Year's bar explosion in Switzerland claims lives, injures many; investigation underway.