The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
The controversy over President Trump’s proposed tariffs on imports of steel (25%) and aluminum (10%t) is less about economics than ego — Trump’s ego. Frustrated by special counsel Robert Mueller’s investigation and the reported chaos in the White House, the president, it seems, had to show who’s boss and who’s driving events. Hence, his broadside attack against many traditional US ...
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March, 2018
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10 March
Protectionism and tech prosperity
It’s becoming all too easy to throw accusations at Chinese companies, especially when trade and political tensions rise. You know the refrain: They’re just copycats of US counterparts, ripping off larger rivals and protected by trade barriers such as censorship and investment laws. Frankly, this is an intellectual crutch. Witness the overuse of descriptive cliches — X, the Netflix of ...
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10 March
Hong Kong property faith is too strong for peg jitters
Three down, one to go. Fire sales aren’t usually associated with handsome profits; lucky for HNA Group Co. that its asset hoard includes Hong Kong real estate. The indebted Chinese conglomerate has sold the third of four plots of land bought just over a year ago to local developer Wheelock & Co. for HK$6.36 billion ($811 million), the latest step ...
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10 March
Revived TPP shows trade will go on without US
The most significant trade story of the year might be happening about 5,000 miles from Donald Trump. Trump is pressing ahead with tariffs on steel and aluminum imports, widely seen as typical of America’s retreat from the global order the US had underwritten since 1945. Considering moves like tariffs and his threat to Nafta and Brexit, it can seem that ...
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10 March
New Delhi should open door wider to global bond buyers
Hoping to jump-start its “Make in India†manufacturing push, India’s government has rolled out the welcome mat for foreign investors. It should consider doing the same for global bond buyers. Indian bonds are, at the moment, suffering a full-scale rout. On Monday, yields on benchmark 10-year government debt—called the “G-sec†rate in India—continued their slow creep upwards to 7.78%. Many ...
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10 March
Private equity industry has an incentive to prioritize women
The private equity industry has had its struggles in achieving gender balance just like the rest of Wall Street. But it has the most incentive to do so. Private equity firms struck about $120 billion of buyout deals for US companies last year, according to data compiled by Bloomberg based on pending and completed transactions. Leading the charge were takeovers ...
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10 March
Google has a diversity problem and a lawsuit problem
On the face of it, the idea that Google is discriminating against white men is laugh-out-loud funny. In 2016, according to the company’s most recent diversity report, Google was 69% male and 56% white. Some 53% of the engineering positions were held by white men. Leadership was 75% male and 68% white. Meanwhile 2% of Google employees were black, and ...
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10 March
Mercedes, BMW crowd into $100,000 coupe market in dash for cash
Bloomberg As the auto industry prepares for an age of zero emissions, it’s the flashy coupes and gas guzzlers that will pave the way. At the Geneva International Motor Show this week, BMW AG unveiled the high-performance M8 Gran Coupe concept, and Daimler AG’s Mercedes-Benz showcased the AMG GT four-door coupe, sporting a V-8 engine that emits more than twice ...
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10 March
Apple to turn up audio ambition with new headphones
Bloomberg Apple Inc.’s AirPods earphones have been a surprise hit. Now, the company is planning a push into the high end of the market. The Cupertino, California-based technology giant is working on noise-canceling, over-ear headphones that rival headsets from market leaders like Bose and even the company’s own Beats by Dre brand, according to people familiar with the product’s development. ...
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10 March
Millions of music hits may soon be up for sale!
Bloomberg Sony Corp. held preliminary talks to acquire a majority stake in EMI Music Publishing, according to people with knowledge of the matter, as its Abu Dhabi-based owner seeks to cash in on the booming market for streamed music. Mubadala Investment Co. has begun reaching out to potential suitors for the catalog of more than 2.1 million songs, which includes ...
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