Bloomberg Daybreak: Europe Edition EU Eyes Huawei Ban, Swiss Tariff Deal Nears, Dubai’s Big Property Frenzy
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Nov 11, 2025 Mikhail Kabbala, a Bloomberg reporter specializing in EU policy and security, discusses the European Commission's push to phase out Huawei and ZTE from telecom networks amid rising geopolitical tensions. Zainab Fattah, a Bloomberg real estate reporter, dives into Dubai's luxury property frenzy, highlighting high demand and concerns about a potential market bubble. She also outlines safeguards in place to prevent a crash reminiscent of 2009, including escrow accounts and strict regulations.
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EU Moves Toward Binding Huawei Rules
- The EU is considering legally forcing members to phase out Huawei and ZTE from telecom networks.
- Making guidance legally binding would create a uniform security standard across the bloc.
Swiss Tariff Cut Nears 15%
- Switzerland may secure a deal to cut US tariffs on its exports from 39% to 15%.
- The potential agreement follows high-level meetings including Swiss executives visiting the Oval Office.
Shutdown Nears End, Recovery May Lag
- The 41-day US government shutdown looked set to end after the Senate passed a short-term funding bill.
- Even with a vote, disruptions to air travel and nutrition benefits could take days to resolve.