Bloomberg Australia and New Zealand grounded Gippsland GA8 Airvan planes over safety concerns after a deadly crash in Sweden this month killed nine. Australia’s Civil Aviation Safety Authority (CASA) halted operations of the planes made by Gippsaero Pty Ltd for 15 days, it said, adding it has sent an airworthiness engineer to Sweden to observe the crash investigation and collect …

Bloomberg Swatch Group AG shares gained after the Swiss watchmaker said it’s cracking down on unauthorised sales in an attempt to fetch higher prices. The owner of Omega and Tissot reported a decline in first-half sales as it took aim against so-called gray-market distributors that have eroded its pricing power. It also suffered from a drop of more than 10 …

ABU DHABI / WAM Bilateral trade between China and the UAE reached $11.2 billion in the first quarter of 2019, a 16.21 percent increase compared to the same period in 2018, said a top Chinese diplomat. “China-UAE trade is expected to maintain the mom-entum of rapid growth thro- ughout 2019 and beyond,” Ni Jian, the Chinese Ambassador to the UAE, …