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

Working from home, once jokingly dismissed as “shirking” from home, is back as a pandemic lifeline for economies amid a resurgence of Covid-19 cases in Europe. Governments in Britain and France, having goaded workers back to the office after lockdown, are now urging them home again. The sound of frustrated bosses gritting their teeth can be heard across the City ...

If India only reforms when under pressure, then now should be a moment for big changes: Gross domestic product contracted nearly 24% in the second quarter, more than any other large economy; tens of millions have lost jobs in the formal and informal sectors; and the country is adding over 85,000 confirmed coronavirus cases each day. There’s an obvious place ...

Bloomberg Japanese PM Yoshihide Suga declared his willingness to meet North Korea’s Kim Jong-un without preconditions, affirming the policy of his predecessor in his debut speech to the UN. Japan would seek to normalise ties with North Korea by resolving nuclear weapons and missile issues, as well as the past abductions of Japanese citizens, Suga told the General Assembly, in ...

Bloomberg An attack by unidentified gunmen in Ethiopia’s western Benishangul-Gumuz region left at least 15 people dead, including four women, in the third such raid this month, according to the Ethiopian Human Rights Commission. “Civilians are being subjected to repeated attacks with unmitigated cruelty in Benishangul-Gumuz,” Daniel Bekele, the chief commissioner said in an emailed statement. “Federal and regional authorities ...

Bloomberg Apple Inc.’s victory over a record back-tax order faces a challenge at the European Union’s top court as Competition Commissioner Margrethe Vestager seeks to rescue her crackdown on allegedly unfair fiscal deals doled out to multinational companies. The EU’s General Court “made a number of errors of law” when it sided with Apple in its ruling in July, the ...

Bloomberg Nissan Motor Co. expects to return to profitability in 2021 if the current momentum continues, with demand in China already bouncing back from the pandemic, Chief Executive Officer Makoto Uchida said. The company, which in May reported its first fiscal year loss in a decade and the biggest in 20 years, is forecasting a strong recovery in the Chinese ...

Bloomberg Google’s search engine, one of the most-profitable businesses in history, is about to face its biggest challenge as the US government readies an antitrust lawsuit accusing the company of crushing competition to protect and extend its monopoly. After a 14-month investigation, the Justice Department is homing in on whether Google skews search results to favor its own products and ...

Bloomberg Wondery Inc., the company behind hit podcasts has hired financial advisers to explore strategic options, including a potential sale, hoping to cash in on growing interest from technology and media firms. Wondery is expected to garner at least $200 million if it pursues a sale and could fetch as much as double that, which would represent the biggest podcasting ...

Bloomberg Facebook Inc. will require employees to use either their own picture or an image of their initials as their internal profile photo as part of a broader effort to encourage more respectful discourse internally. The policy will prohibit using profile images with political content. The company will also create dedicated groups on its internal employee network for people to ...

ABU DHABI / WAM Abdulla Bin Touq Al Marri, UAE Minister of Economy, emphasised that the ties between the UAE and the Kingdom of Saudi Arabia (KSA) represent a unique and exceptional model of bilateral relations. “The UAE and KSA are the pillars of stability and development in the Gulf and Arab region, and our relations with our brothers in ...