Bloomberg Switzerland is sinking into recession because of business closures to combat the pandemic, according to economists surveyed by Bloomberg. While the nation has less-stringent rules on social distancing than neighbouring countries, shops, restaurants and leisure facilities are still closed at least until the end of February. The median forecast was for a 0.7% drop in GDP in final quarter ...

Bloomberg The UK economy grew at double the pace expected in the fourth quarter, showing signs of resilience to coronavirus restrictions at the end of a year that delivered the worst recession since 1709. Figures add some weight to the Bank of England’s view that while the economy will likely shrink in the first three months of the year, a ...

Bloomberg German companies from BASF SE to Volkswagen AG risk fines if their suppliers around the world breach human rights. Under new legislation agreed to by Chancellor Angela Merkel’s government, companies will have to ensure their partners don’t engage in harmful practices and exploitation. In addition to penalties, German firms can also be excluded from public contracts. The so-called Supply-Chain ...