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

Emirates Business UAE business leaders are confident in their company’s growth prospects for the first half of 2020, with 69% expressing they are ‘very confident’, according to independent research commissioned by leading international recruitment consul- -tancy, Robert Half UAE. Business leaders in UAE revealed that operational expansion is primary influence for their 2020 hiring strategy. When questioned on the rationale …

Bloomberg The fate of Dominion Energy Inc’s planned $8 billion Atlantic Coast Pipeline was expected to be tested on Monday, as the US Supreme Court hears arguments on a crucial permit that would let the natural-gas line cross under the Appalachian Trail. Dominion and President Donald Trump’s administration are asking the high court to jump-start the long-delayed project after a …

Bloomberg RWE AG’s renewable energy arm is working with a Spanish company to develop new technology for floating wind farms as utilities explore how to generate power further out at sea. The German company will work with Spain’s Saitec Offshore Technologies to build a turbine that sits atop a pair of floating, steel-reinforced concrete hulls. The project marks an acceleration …

Bloomberg US equity futures tumbled alongside stocks in Europe and Asia on Monday as concerns mounted about the ability of authorities to keep the coronavirus from spreading further beyond China. Havens including Treasuries and gold jumped. Contracts on the three main US stock benchmarks were all down more than 2%, with those on the S&P 500 Index pointing to the …

Bloomberg European equities haven’t had such a bad day in more than three years as increasing concerns over the economic impact of the coronavirus hurt travel and luxury sectors. The Stoxx Europe 600 Index fell as much as 3.6%, the most since June 2016, led by the auto, mining and travel sectors. Luxury companies tumbled on fears that the epidemic …

Bloomberg European Central Bank (ECB) policy makers from two of the euro area’s biggest economies said governments must shoulder most of the burden for rebooting economies if the coronavirus has a deeper impact on growth. France’s Francois Villeroy de Galhau and Italy’s Ignazio Visco were speaking at the Group of 20 meeting of central bankers and finance ministers in Riyadh, …

Bloomberg Bank of Ireland Group Plc shares fell to a four-month low after profits fell, impairment charges rose more than expected and the lender’s dividend disappointed investors. Ireland’s biggest lender posted an underlying profit for 2019 of 758 million euros ($821 million), down nearly a fifth from a year ago, the company said in Dublin on Monday. The drop was …

Bloomberg A decade-long slide in Australian interest rates is threatening to turn one of the global currency market’s most popular wagers on its head. Investors with an appetite for a little risk had a winner for years with a carry trade that saw them borrow trillions of yen at near-zero rates and use the money to buy Australian dollars. Holding …

Bloomberg UniCredit SpA’s Jean Pierre Mustier pulled out of the race to become chief executive officer of HSBC Holdings Plc, a rejection that adds to uncertainty at the top of Europe’s largest lender and extends the search for a new boss into its seventh month. Mustier, who led a turnaround at the Milan-based bank over the last four years, plans …

Bloomberg China’s banking regulator is considering setting up new regional bad-debt managers to help clean up risks after the failure of thousands of peer-to-peer lending platforms, according to people with knowledge of the matter. Companies in Shanghai, Zhejiang and Shenzhen have submitted applications to set up local asset managers dealing with bad loans, especially those from online lending platforms, said …