The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg So many world leaders came to the French capital on Sunday to commemorate the end of World War I that organisers had to use buses to move them around. But the focus was on whether two of the 69 — Donald Trump and Vladimir Putin — would find time to get together amid the ceremonies. French President Emmanuel Macron ...
Read More »TimeLine Layout
November, 2018
-
11 November
California fires kill 23, cause epic damage
Bloomberg Wildfires north of San Francisco and near Los Angeles have killed at least 23 people, caused record destruction and forced the evacuation of more than 250,000 people, including in Malibu, the coastal enclave of the rich and famous. The fires have spread to more than 170,000 acres and threaten to destroy tens of thousands of structures, according to the ...
Read More » -
11 November
Ousted Lankan PM ready for polls as legal action planned
Bloomberg Sri Lanka’s ousted PM Ranil Wickremesinghe is ready for polls after President Maithripala Sirisena dissolved the island nation’s parliament and called for a snap general election. “We are prepared to go for an election, but this is illegal,†said Harsha De Silva, who was state minister of economic affairs under Wickremesinghe’s government. “There will be a massive backing of ...
Read More » -
11 November
Poland marks 100th Independence Day with nationalist march
Bloomberg Poland is set to mark the centennial anniversary of regaining its sovereignty amid concerns that events on Sunday may be hijacked by far-right groups. PM Mateusz Morawiecki said this week that he expects as many 200,000 to gather in Warsaw and celebrate independence in an outpouring of patriotism. The government and nationalist groups will march together, in a test ...
Read More » -
11 November
Chinese envoy warns Bolton over Taiwan
Bloomberg A top Chinese official gave National Security Adviser John Bolton a pointed warning on Taiwan, as the two sides began a round of high-level meetings to bolster relations strained by trade disputes. Yang Jiechi — a member of Communist Party’s 25-seat Politburo — told Bolton during a meeting at the White House that the status of the democratically run ...
Read More » -
11 November
EU’s Tusk has ‘different views’ from Trump on global order
Bloomberg European Union President Donald Tusk said he has “different views†from US President Donald Trump on trans-Atlantic relations and other elements of geopolitical order, pushing back after the American leader’s latest criticism of Europe. Tusk’s remarks came after Trump called “very insulting†comments by French President Emmanuel Macron that a “strong and sovereign Europe†was needed to defend its ...
Read More » -
11 November
Bond traders to see if they’re underrating inflation risks
Bloomberg A debate is breaking out in the Treasury market before Wednesday’s release of US consumer-price data as tumbling crude oil leads investors to ratchet back inflation expectations. In one camp, you have the likes of Societe Generale SA. The bank sees price pressures building into 2019, fuelling demand for inflation protection, in part as investors anticipate more US tariffs ...
Read More » -
11 November
Pound skeptics turn believers as UK nears Brexit divorce deal
Bloomberg Even fund managers who were once shunning the pound are now betting on a rally as the UK inches towards a Brexit divorce deal. Allianz Global Investors, which has been consistently short the pound since the referendum in 2016, has switched to multiple long positions on the currency. Union Bancaire Privee sees volatility rising and is looking to buy ...
Read More » -
11 November
Alibaba sets Singles’ Day record with $31bn in sales
Bloomberg Alibaba Group Holding Ltd. logged 213.5 billion yuan ($30.7 billion) in sales for its annual Singles’ Day extravaganza, setting a record as shoppers swarmed the e-commerce giant’s online bazaars. China’s largest company reported that Xiaomi Corp., Apple Inc. and Dyson Ltd. products were the top three brands in early sales. The annual retail celebration, originally dedicated to the nation’s ...
Read More » -
11 November
Indonesia ends Lion Air victims’ search as black box ping fades
Bloomberg Indonesia’s national rescue agency ended a search for victims of the Lion Air plane that crashed into the Java Sea about two weeks ago, while those trying to locate the cockpit voice recorder face a new challenge as an electronic signal from the device fades. The task of finding victims or their remains has been left to local teams, ...
Read More »