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Bloomberg Switzerland’s government is bracing for a possible recession as the country’s economy goes through a difficult period and faces substantial risks, economy minister Guy Parmelin told a newspaper. “There are several signs pointing to a slowdown,” Parmelin told Schweiz am Wochenende. “The trade war between the US and China, the blockade of the WTO, the stagnating economy in Germany ...

Bloomberg Social media platforms based in the US including Facebook and WhatsApp will be forced to share users’ encrypted messages with British police under a new treaty between the two countries, according to a person familiar with the matter. The accord, which is set to be signed by next month, will compel social media firms to share information to support ...

Bloomberg De Beers is continuing its policy of offering unprecedented flexibility to diamond buyers as the mining company works to fend off a slump in demand for the gems, according to people familiar with the situation. The Anglo American Plc unit extended the policy from its August sale to customers in Botswana, according to the people, who asked not to ...

Bloomberg Elon Musk gave space fans an outline of plans for “Starship,” the next-generation vehicle his Space Exploration Technologies Corp expects to use to eventually take humans to Mars. The goal is to make “space travel like air travel,” Musk said on stage during a highly technical presentation from the company’s Boca Chica test site near Brownsville, Texas. “We’re really ...

Bloomberg Oil investors piled into short positions as oil markets shook off the disruption from attacks on Saudi Arabian oil facilities. Bets that West Texas Intermediate crude prices would decline surged 33%, just before prices briefly dipped below pre-attack levels. Money managers are still net long, according to data released September 27 by the US Commodity Futures Trading Commission, but ...

Bloomberg The company behind a major tourism destination on Saudi Arabia’s Red Sea coast that will include an archipelago of more than 90 islands as well as desert and mountain scenery hopes to award up to $2.7 billion in construction contracts by the end of 2020. “Between now and the end of the year, we hope to award another two ...

ABU DHABI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the UAE, on Saturday announced a milestone at its new Al Taweelah alumina refinery in Abu Dhabi, with 600,000 tonnes of alumina produced since the company began operations at the new refinery in April. Al Taweelah alumina refinery is expected to produce more than one million tonnes ...

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and organised by the Education Affairs Office of the Crown Prince Court of Abu Dhabi (Qudwa 2019) announced key government ministers as speakers. With the full agenda released, participating government ...

AJMAN / WAM Ajman Free Zone will participate at this year’s Gitex exhibition by showcasing how its application of new technologies has transformed the customer experience and enabled it to compete on a global scale for business investment. It will also use the event, which takes place on October 6-10 inclusive, at Dubai World Trade Centre, to introduce new methods ...

ABYAN / WAM The 17th mass wedding was organised in Abyan Governorate of Yemen, under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, by the Emirates Red Crescent (ERC), and the follow-up of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in ...