UBS CEO Warns Swiss Population Cap Is An 'Extreme' Measure

Trump Urges Extending Foreign Surveillance Program As Some Lawmakers Push For US Privacy Protections Via Headline USA, Congress is set to take up the reauthorization of a divisive program that lets U.S. spy agencies pore over foreigners’ calls, texts and emails, with supporters like President Donald Trump saying it has saved lives while critics point to longstanding concerns about warrantless surveillance of Americans. (AP Illustration/Peter Hamlin) A key provision of the Foreign Intelligence Surveillance Act permits the CIA, National Security Agency, FBI and other agencies to collect and analyze vast amounts of overseas...

'Crisis Preparedness': Dutch Move Billions In Gold Out Of US As Goldman Warns Of 'Geographic Concentration Risk' The Netherlands' central bank transferred nearly 90 metric tons of gold bars from the United States and Canada to Britain amid growing concerns of "increasing geopolitical unrest," according to CNBC. "With this relocation, we have improved the tradability of our gold reserves. We expect that we will never need to use them, but we do need to strengthen our resilience and preparedness," DNB Governor Olaf Sleijpen said of the development. Roughly 25% of the gold...

Ferrari Skids As Wartime Disruptions Hit Deliveries Ferrari shares fell as much as 3% in Milan after first-quarter results showed stronger-than-expected profit and cash flow, but the beat was overshadowed by a plunge in deliveries in the Middle East, as the U.S.-Iran conflict disrupted shipments to one of the luxury automaker's key markets. Ferrari's first-quarter results were broadly ahead of expectations on profit, revenue, and cash flow, but deliveries across EMEA, which includes Europe, the Middle East, and Africa, were the clear outlier. Regional shipments fell to 1,458 units, down 14% year...