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

Bloomberg White House Chief of Staff Ron Klain said Attorney General Merrick Garland, not President Joe Biden, will make decisions on prosecutions in the January 6th, 2021 insurrection and in other cases. Klain was responding to a New York Times report that Biden told his inner circle last year that former President Donald Trump should be prosecuted. The Times cited ...

Bloomberg To avoid losing a no-confidence vote in parliament, Pakistan leader Imran Khan instead triggered an unprecedented political crisis. Now the question is whether voters will reward him at the next election. In a series of events that stunned Pakistan, a member of Khan’s party scrapped the parliamentary vote over alleged foreign interference before the prime minister swiftly called an ...

  Bloomberg The US added close to half a million jobs in March and the unemployment rate fell by more than expected, highlighting a robust labour market that’s likely to support aggressive Federal Reserve tightening in the coming months. Nonfarm payrolls increased 431,000 last month after an upwardly revised 750,000 gain in February, a Labour Department report showed. The unemployment ...

Bloomberg European regulators are asking Microsoft Corp. partners and rivals for information related to a complaint made against the software maker alleging anti-competitive behavior in the cloud-computing services market. The European Commission in March circulated a questionnaire, seen by Bloomberg News, focusing on how Microsoft licenses its products. The questions may lead to a formal inquiry, and follows an antitrust ...

  Bloomberg A record number of UK companies expect to increase wages as the war in Ukraine deepens the cost of living crisis, a survey showed. The Lloyds Bank Business Barometer found that a half intended to boost average pay by at least 2% in the next 12 months. A fifth of businesses that have annual turnover of more than ...

  Bloomberg Italian inflation surged to the highest in three decades as energy prices continued to rise following Russia’s invasion of Ukraine. Prices increased 7% in March from a year earlier, statistics office Istat said. That’s the fastest pace since 1991. Rising prices and the ongoing conflict are impacting the economy with Finance Minister Daniele Franco saying last week that ...

  Bloomberg Brazil posted record monthly exports and imports in March on the back of a surge in global commodity prices fuelled by the Russian invasion of the Ukraine. Exports rose almost 20% from the same month a year ago to $29.1 billion, a record for the data series that goes back to 1959, the Economy Ministry reported. Imports increased ...

Bloomberg The Tokyo Stock Exchange implemented its biggest revamp in over 60 years on Monday, with a long-awaited but largely symbolic restructuring of its market segments. Earlier hailed as a once-in-a-generation shift, the introduction of the three new sections — Prime, Standard and Growth — was intended to boost Japanese stocks’ appeal and understandability to foreign investors. But the restructuring ...

  Bloomberg Stocks in Europe struggled for traction and US index futures slipped as traders weighed the latest developments in the Ukraine war, with some European governments pushing for stiffer sanctions on Russia amid reports that its troops executed unarmed civilians. The Stoxx Europe 600 index fluctuated at the open, with banks and car makers leading declines. The healthcare sector ...

  Abu Dhabi / WAM The United Arab Emirates has sent a fifth plane carrying 30 metric tonnes of medical and relief supplies to Ukraine. This comes as part of providing urgent relief support to impacted civilians in Ukraine, and is in response to international humanitarian appeal to support those who are displaced in Ukraine and the four million refugees ...