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

The conventional wisdom is that politicians focus on the short term at the expense of the long term — that they’re obsessed with the latest polling and the next election instead of the future of the country and the next generation. That may be true, but still: President Joe Biden and congressional Democrats could use a healthy dose of short-term ...

What do Facebook co-founder Mark Zuckerberg and Tesla Chief Executive Elon Musk have in common? Both are grappling with big problems that stem, at least in part, from putting faith in artificial intelligence (AI) systems that have underdelivered. Zuckerberg is dealing with algorithms that are failing to stop the spread of harmful content; Musk with software that has yet to ...

California just gave single-family homeowners more control over their property and, for those in high-demand cities, the potential for a big financial windfall. Eight time zones away in the UK, the Conservative government is revising its planning bill in ways that could give homeowners a similar boon. The details and contexts differ, but both approaches recognise a political reality. The ...

From the Federal Reserve to Bhutan’s Royal Monetary Authority in the Himalayas, central banks are working on digital currency studies or projects. There are several reasons for this. Most importantly, private cryptocurrencies and so-called stablecoins are rapidly becoming popular rivals to traditional money; Central bank digital currencies (CBDCs) would not only keep governments in the game but could help make ...

Bloomberg Airbus SE is confident its global supplier base can overcome pandemic-induced pressures and boost output for the company’s workhorse A320 aircraft family despite the “unprecedented” labour and materials strains currently complicating that effort, Chief Executive Officer Guillaume Faury said. In an interview with Bloomberg News, Faury reaffirmed the company’s plan to boost A320 output from 40 per month today ...

Bloomberg Deutsche Lufthansa AG is adding more than 80 flights from Frankfurt and over 50 departures from Munich this fall as the German airline sees rising demand for leisure destinations. The carrier will offer extra flights to Spain’s Palma de Mallorca, Gran Canaria, Fuerteventura and Malaga, and other European destinations during the country’s fall vacation period, it said in a ...

Bloomberg Air New Zealand will require international travellers to be vaccinated when flying with the carrier starting from February 1, latest airline to stipulate mandatory jabs for not just crew but passengers also. All travellers aged 18 and above that arrive or depart New Zealand have to be vaccinated and those who haven’t been inoculated need to present proof that ...

Bloomberg Amazon founder Jeff Bezos participated in a $87 million Series B funding for Indonesian startup Ula, marking his first-ever investment in Southeast Asia’s e-commerce space. Bezos Expeditions, Northstar group, AC Ventures and Citius joined the round co-led by Prosus Ventures, Tencent and B-Capital, the e-commerce marketplace Ula said. The previous fundraising included $10.5 million seed round in June 2020 ...

Bloomberg Tesco will announce a share buyback program this week when it reports first-half results, the Sunday Times reported. The retailer will maintain its normal dividend along with the buyback plan, although a special payout is not thought to be on the cards, according to the report. Tesco will be disciplined in its approach to buybacks, the report cited unidentified ...

Bloomberg North Korea has labelled Moon Jae-in a meddlesome mediator and reduced to rubble a $15 million liaison office that was one of the South Korean president’s biggest diplomatic achievements. On Monday, however, Kim Jong Un’s regime abruptly restored communication with South Korea via hotlines that Pyongyang had let fall silent for about two months. The move came after Kim’s ...