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

Bloomberg President Donald Trump signed an executive order designed to combat the flow of foreign counterfeit goods sold on e-commerce platforms like the websites of Amazon, eBay and Walmart. The Department of Homeland Security will examine whether the US government is collecting enough fees to cover the cost of processing and inspecting parcels entering the US. It will also develop ...

Bloomberg The US lifted sanctions against a unit of China’s biggest shipping company that was accused of hauling Iranian crude in violation of American restrictions. According to a notice posted on the Treasury Department’s website in Washington, sanctions were removed. In September, restrictions were placed on the Dalian units of China COSCO Shipping Corp, sending freight rates soaring as traders ...

Slap a tariff on steel and you’re sure to roil markets. But behind the big headlines on trade sanctions are developments that might be just as momentous for the global economy: About 135 of the world’s countries are negotiating a radical change to the rules about where and how much multinational companies pay in taxes. The topic was the subject ...

As the Wuhan coronavirus spreads to America, it now seems quite possible the United States will face some considerable logistical challenges. Even if the virus turns out not to be very deadly, or mutates into a safer form, the public will not know that for some time. In the meantime, a mix of justifiable risk-aversion and perhaps panic will strain ...

When the world’s competition police reflect on big tech’s dealmaking over the past 15 years, you could forgive them for wondering what might have been. If Facebook Inc. hadn’t acquired WhatsApp or Instagram, or if Google hadn’t bought YouTube or DoubleClick, would there be stronger competition for the two Silicon Valley firms? It certainly seems that regulators, particularly in the ...

Samsung Electronics Co.’s earnings report and outlook reflect doom and gloom. Many are surprised. Positive signs from chip rival Taiwan Semiconductor Manufacturing Co. and smartphone stalwart Apple Inc. had fed the belief that the South Korean giant would put the worst behind it. The key takeaway here is that a rising tide doesn’t lift all boats. On the surface, as ...

Lots of companies talk a good game about cutting planet-heating greenhouse emissions but their disclosures and targets have tended to focus on the emissions over which they have direct control and which are easiest to measure. That’s fine in an industry such as cement, where the bulk of carbon pollution occurs during the production process. From an environmental perspective these ...

When Sleeping Beauty pricked her finger on a spinning wheel, the rest of the kingdom went to sleep along with her. Not so in China. As an epidemic rages, many provinces have extended their Lunar New Year holiday by weeks, but financial markets – from commodities and stock exchanges to bond clearing houses – will resume operating on Monday. The ...

There are two key takeaways from the earnings that Apple Inc. reported: IPhones still matter, and wearables are big. On the surface, it would appear that investors can bet on the continuing success of Apple Watch and the surging popularity of AirPods Pro to take up the slack left by declining iPhone revenue. From there, money from services including music, ...

Bloomberg As the flat white trounces black tea, Lipton owner Unilever is weighing a sale of one of its best-known brands. The Anglo-Dutch giant initiated a review of its global tea business, which includes the more than century-old label and generates sales of almost $3.3 billion. The move comes after the company’s slowest quarterly growth in a decade. Unilever is ...