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

  Bloomberg North Korea test-launched two suspected ballistic missiles on Monday in its fourth rocket volley this year, turning up pressure on the Biden administration with its biggest string of tests since August 2019. South Korea’s military said North Korea fired what appeared to be two ballistic missiles into waters off its east coast at 8:50 and 8:54 am that ...

  Bloomberg Serbia took a step closer to joining the European Union as voters in the Balkan nation decided to change the constitution to create a more independent judiciary in line with the 27-member bloc’s standards. Shielding judges and prosecutors from political influence is a key step in aligning the former Yugoslav republic’s laws with the EU. Almost 62% of ...

  Bloomberg Australia’s opposition leader Anthony Albanese said the government needs to respond to Beijing in a way that is strong but also diplomatic, toughening his stance on China in the lead up to the 2022 elections. The Chinese government’s “posture in the region” had changed in recent years and is responsible for the worsening relationship with Australia, Albanese, the ...

  Bloomberg Former Ukrainian President Petro Poroshenko arrived back in Kyiv on Monday to fight charges of treason, accusing his successor of crossing a “red line” with allegations that he denies. The legal standoff with a former head of state injects a level of political instability in the region as Russia amasses troops on Ukraine’s eastern frontier, a move that’s ...

  Bloomberg Boris Johnson faces another bruising week, with his future as UK prime minister in the balance amid a furious public backlash over rule-breaking parties at his Downing Street office. Six lawmakers in the governing Conservative Party have already called on Johnson to resign over allegations of alcohol-fueled get-togethers involving Downing Street staff when the country was in lockdown. ...

  Bloomberg President Cyril Ramaphosa urged South Africans to safeguard against attacks on the independence and integrity of the judiciary, a week after one of his cabinet ministers criticized the nation’s top judges as “mentally colonized.” “We need to protect our Constitution, our democratic state and the electoral process from anyone who wants to weaken our democracy and deny the ...

  Bloomberg Alphabet Inc’s Google said it would spend $1 billion to buy up its own London offices, keeping a major presence in the UK capital at a time when firms wrestle with how to manage employee work habits. The purchase and renovation of the Central Saint Giles complex it moved into in 2011 are being undertaken as the company ...

  Bloomberg Norway’s exports surged to a record last year, helped by higher demand for fossil fuels, fish and metals. Western Europe’s largest oil and gas exporter sold 1.38 trillion kroner ($156 billion) worth of goods abroad in 2021, a 77% increase that led to a full-year trade surplus of 531 billion kroner, also the highest ever, Statistics Norway said ...

  Bloomberg Tesla Inc has pushed back initial production of its futuristic-looking Cybertruck to the first quarter of 2023, according to a Reuters report. Production of the electric pickup had been expected to start later this year but was delayed by a decision to change some of the pickup’s features, the report said. In December, Tesla CEO Elon Musk responded ...

  Bloomberg US home sales in December had their biggest plunge since the early months of the Covid-19 lockdowns as listings sank to record lows. Transactions fall 11% from a year earlier, the biggest annual decline since June 2020, according to a report by Redfin Corp. Demand is still fierce, but what’s holding back deals is a lack of inventory: ...