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 ...

BEIJING / WAM A UAE official has said that the upcoming state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will deepen ties and build on the foundation of the comprehensive strategic partnership announced in July of last year, during President Xi Jinping’s visit ...