The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Seoul /Â AFP South Korean President Park Geun-Hye on Tuesday told her government to prepare for large-scale defections from North Korea, just days after direct appealing to its citizens to flee their country. A recent spate of high-profile North Korean defections have provided a propaganda windfall for Seoul, which has spun them into a narrative of a Pyongyang leadership in ...
Read More »TimeLine Layout
October, 2016
-
11 October
Pak bans leading journalist from leaving country
Islamabad /Â AFP Pakistan’s government has imposed a travel ban on a leading journalist after he sparked an uproar by reporting that civilian officials had clashed with the military over its covert support for militants. Cyril Almeida, an assistant editor at Dawn, the country’s oldest and most prestigious English daily, announced early on Tuesday he had been placed on the ...
Read More » -
11 October
Jailed Chinese activist wins top rights prize
Geneva /Â AFP A jailed scholar defending China’s mostly-Muslim Uighur minority was awarded a leading honour for human rights on Tuesday, a move swiftly condemned by Beijing. Ilham Tohti, who was handed a life sentence in 2014, won the Martin Ennals award for his outspoken criticism of Beijing’s policies towards Uighurs. “Ilham Tohti has worked for two decades to foster ...
Read More » -
11 October
Rapid transit key in fight against climate change
Paris /Â AFP Big cities worldwide have expanded faster than their rapid transit systems, leading to higher levels of pollution, greenhouse gas emissions and commuter misery, a report released Tuesday showed. “Low-density, car-oriented development — known as ‘sprawl’ — has been the predominant urban form for cities in the past century,” said Michael Marks, a researcher at the non-profit, New ...
Read More » -
11 October
Gulf up on oil price, Egypt falls on Saudi crude product halt
DUBAI / Reuters Most major bourses in the Gulf rose on Tuesday as oil prices held near one-year highs, while Egypt retreated after news that Saudi Arabia had suspended oil product supplies to the country this month. Riyadh’s stock index gained 1.5 percent, trimming its loss over the last four weeks to 8.4 percent. All 14 listed petrochemical producers ...
Read More » -
11 October
Samsung shares slump while London hits highs
London / AFP Shares in Samsung Electronics tumbled Tuesday after the company junked its Note 7 smartphone, while the anaemic pound helped push Britain’s stock market to a record high. The weak pound, flailing in the wake of Britain’s June vote to quit the European Union, helped push London’s FTSE 100 index of top blue-chip companies to 7,129.83 points, ...
Read More » -
11 October
UK risks losing billions in EU investment funding over Brexit
Bloomberg Britain risks losing access to the European Union’s development bank when it leaves the bloc, adding to the economic harm caused by Brexit, according to Werner Hoyer, the bank’s president. The European Investment Bank lent Britain a record 7.8 billion euros ($8.7 billion) in 2015, part of a U.K. loan book of almost 50 billion euros. Projects funded ...
Read More » -
11 October
Driverless cars rolled out on British streets
Milton Keynes / AFP Driverless vehicles carrying passengers took to Britain’s streets for the first time on Tuesday in a landmark trial which could pave the way for their introduction across the country. The compact two-seater cars trundled along a pedestrianised zone in Milton Keynes, north of London, in a trial by Transport Systems Catapult (TSC) which plans to ...
Read More » -
11 October
Dutch freeze court action against Pokemon Go makers
The Hague / AFP Dutch authorities said on Tuesday they have suspended plans to sue the US makers of Pokemon Go after the company deleted its virtual pets from a protected beach in The Hague. The so-called Pokestops and Pokegyms, which attract Pokemon and allow players to buy accessories to capture, treat and train the virtual monsters, “have been ...
Read More » -
11 October
German investor cheer could hit growth buffers
Frankfurt / AFP Sentiment among investors in Germany sharply improved this month from its post-Brexit doldrums, data showed on Tuesday, but analysts warned against overconfidence. The ZEW economic institute’s headline investor confidence index hit 6.2 points in October, an increase of 5.7 points over September and beating the 4.0 points analysts surveyed by Factset had predicted. Sentiment had hovered ...
Read More »