The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

  Bloomberg Estonian authorities removed a Soviet-era monuments including a T-34 tank after Prime Minister Kaja Kallas said Russia was using them to foment hostility in the Baltic country. Kallas said Tuesday that Soviet monuments had been brought back into the public eye as a reminder of Russian aggression that “opened up old wounds” after the invasion of Ukraine. The ...

  Bloomberg A gauge of New York state manufacturing activity plunged by the second-most in data back to 2001, with sharp declines in orders and shipments that indicate an abrupt downturn in demand. The Federal Reserve Bank of New York’s August general business conditions index slumped more than 42 points to minus 31.3, with the drop just behind that seen ...

  Bloomberg Tens of millions of pounds worth of fresh produce is being left to rot in UK fields because farmers can’t attract enough workers to pick crops, just as the cost-of-living crisis worsens. About 22 million pounds ($27 million) of fruit and vegetables were wasted in the first half of the year due to labour shortages, according to a ...

  Bloomberg Denmark’s economy grew faster than expected in the second quarter as a strong labour market helped the Nordic country avoid a recession. Gross domestic product probably expanded 0.7% from the first three months of the year, according to an indicator published by Statistics Denmark. GDP contracted 0.5% in the first quarter of 2022. The data paints a better ...

  Bloomberg Trade between Ireland and both Northern Ireland and the rest of the UK continued to increase in the first half of 2022, despite an ongoing row over checks on goods as a result of the UK’s Brexit departure from the EU. Imports to Ireland from Great Britain from January to June grew 54% from the same period a ...

  Bloomberg The water level at a key waypoint on the Rhine River is forecast to stay extremely low for the rest of the week, signalling the continuation of severe restrictions for shipments of vital commodities along the Europe’s most important waterway. The marker at Kaub, a shallow point on the river west of Frankfurt, is currently at 31 centimeters ...

  Bloomberg US stock-index futures slipped and the dollar rises as investors fretted over signs of a sharp economic slowdown even as the Federal Reserve stays on the path of monetary tightening. September contracts on the S&P 500 and Nasdaq 100 indexes dropped 0.2% each after the equity benchmarks advanced. Crude oil retreated amid economic headwinds that clouded the demand ...

Bloomberg The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely followed. The man known as India’s Warren Buffett died of a reported cardiac arrest at the age of 62. The self-made trader invested in a wide swathe of established businesses and startups, ...

  Dubai / WAM Dar Al Ber Society spent more than AED206, 541,000 during the first half of 2022, benefitting 2.9 million people worldwide through charitable and sustainable development projects. The number of projects reached 22,517 inside the UAE and in several regions around the world. Dr Muhammad Suhail Al Muhairi, CEO and Managing Director of Dar Al Ber Society, ...

  Abu Dhabi / WAM Alan Smith, CEO of the Agthia group, said that the total value of the acquisitions carried out by the group last year exceeded AED2.3 billion, adding that the group is working on a new acquisition in Egypt, in addition to expanding in Saudi Arabia. In an interview with the Emirates News Agency (WAM), Smith said ...