ABU DHABI / WAM The Zayed Higher Organisation for People of Determination (ZHO) has set up a cheese factory at the ZHO’s People of Determination Production Centre in Al Bahia area, Abu Dhabi, adopting “Made in the UAE” slogan. The move is geared towards meeting the daily production requirements of various dairy products, storing goat milk for later production and ...

BLOOMBERG  Credit Suisse AG was hit by renewed outflows over several days in March that took it to the brink of bankruptcy, even when it was supposed to have enough funds to cover a month of deposit flight. As Swiss officials and Credit Suisse executives emphasised that the firm’s emergency sale staved off imminent collapse, they highlighted how sharp the ...

BLOOMBERG Walmart Inc is betting on greater supply-chain automation and hinting that a recent investment binge might lift profit beyond the retailer’s stated long-term goals. Within three years, the unit cost of moving goods will fall 20% as warehouse robots play a larger role in speeding goods to customers, Walmart said. While the company reiterated its outlook for this year ...