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

Even before President Donald Trump announced that he intends to temporarily suspend immigration to the US because of Covid-19, it was becoming clear that the effect of the virus on migration would be powerful, long-lasting and unfortunate. Many countries besides the US have already shuttered or severely limited entry from foreigners — and many of those restrictions will not be ...

What exactly are we to make of the protests against the current shutdown to fight the coronavirus pandemic? For one thing, they’re small and unrepresentative: The vast majority of US citizens say they support the shutdown policy, and that support is if anything growing. Political scientist John Sides has the data. “Cancel all meetings or gatherings of more than 10 ...

In his absence, Boris Johnson’s British government has mainly followed the lockdown strategy that was determined before the prime minister was infected with Covid-19. Many are hoping that he will soon return to work and change course; that he’ll celebrate signs of a flattening infection curve and reopen Britain for business. It’s unlikely to work out that way. It’s true ...

Regulators and central bankers, pressed to keep economies alive through the Covid-19 lockdowns, have whizzed through their crisis playbooks to pump liquidity into the financial system. The mission is noble, and essential: to make sure banks can support companies and individuals until business activity resumes. But the methods need to be scrutinised carefully. There’s plenty that can go wrong when ...

President Donald Trump’s encouragement of protests against states’ stay-in-place orders is un-presidential in the colloquial sense: it’s unbecoming of a president. But Trump’s latest gambit is un-presidential in a much deeper sense, too. It contradicts the very constitutional justification for why we have a president in the first place. The whole point of the presidency is to have an elected ...

Last year was supposed to be an aberration for iron ore, an unexpected period of sky-high prices after a fatal dam collapse in Brazil and a tropical cyclone in Australia. Instead, it continues to defy gravity. Sheltered from the worst of the pandemic upheaval, Australian diggers like BHP Group, which reported stable output for the March quarter on Tuesday, can ...

Social media perked up over the past few days on the news that a number of biggish, publicly traded restaurant chains managed to snare millions in government aid for small businesses that more modestly sized restaurants and vendors missed out on. Public outrage about this dumpster fire is useful and welcome. It’s also occasionally been misplaced. But it’s founded on ...

Bloomberg Stocks in Europe and Asia retreated while US equity-index futures edged lower on Tuesday as concern about the health of North Korea’s dictator introduced more uncertainty into markets roiled by an unprecedented oil collapse and the coronavirus epidemic. The Stoxx Europe 600 index fell for the first time in four days, with energy companies leading the decline. Contracts on ...

Bloomberg India’s benchmark stock gauge and currency fell, as a plunge in oil prices heightened investor concerns about global growth. The S&P BSE Sensex Index fell 3% to 30,692.12 as of 11:41 am in Mumbai, while rupee drop 0.3% to 76.7450 per US dollar, near a record low touched mid-April. Asia’s third-largest economy is near a standstill amid a prologued ...

Bloomberg Japanese lenders must brace for rising bad-loan costs and investment losses even as the financial system shows resilience to the coronavirus-fuelled economic slump, according to the central bank. If the downturn is prolonged, more companies at home at abroad could face solvency problems, raising credit costs, the Bank of Japan said on Tuesday in its semiannual Financial System Report. ...