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

Bloomberg Chancellor of the Exchequer Sajid Javid promised to unleash “a decade of renewal” when he outlines his budget on March 11 as he seeks to ready the UK for its departure from the European Union. Javid’s office said he will make good on pledges to cut taxes and spread opportunity as he announced the date for the statement, postponed ...

Bloomberg Facebook Inc has shed more light on its efforts to eradicate doctored videos known as deepfakes, addressing an issue it’s identified as an emergent threat ahead of the US election. The operator of the world’s largest social network pledged to remove content that has been “edited or synthesised” beyond adjustments for quality or clarity and is deemed likely to ...

Bloomberg German car production fell to its lowest in almost a quarter of a century as Europe’s biggest economy suffers from the fallout of a global trade war. Automakers including Volkswagen AG, BMW AG and Daimler AG produced 4.66 million vehicles in German factories last year, the weakest since 1996. The country’s VDA car lobby, which published the figures said ...

Bloomberg Uber Technologies Inc. is working on a flying car with Hyundai Motor Co., the first automaker to buy into Uber’s dream for a network of air taxis dotting the skies of major cities. The two companies outlined their partnership at the CES technology conference and plan to show off a full-scale model of the vehicle this week on the ...

War with Iran has been coming at us in slow motion since 1979. Now, ominously, it’s really here, but we don’t seem any better at deflecting revolutionary Iran from its destructive course than we were at the beginning. The Iranian-backed militiamen with their battering ram at the gate of the US Embassy in Baghdad last week looked eerily similar to ...

Michel Barnier, the European Union’s top Brexit negotiator, is the Brussels equivalent of a rock star. For three years, the unflappable 68-year-old Frenchman has been hashing out the terms of the UK’s departure while making sure the remaining 27 members stick together. He is the real survivor of the Brexit saga. The fact that Barnier is still in the job ...

The seemingly impossible, paradoxical news that astronomers had taken a picture of a supermassive black hole captured our imaginations in 2019 for good reason. What they actually showed us was a sort of shadow — a spherical blackness surrounded by a cosmic hurricane of matter and energy — but that was enough to qualify as a sign of real human ...

Cause and effect. Action, reaction. As China cracks down on shadow finance, private companies and state giants alike are learning that the karmic wheel of money can come to a screeching halt. In April 2018, China unveiled far-reaching rules for its financial industry as part of an effort to curb risk. Banks were asked to spin off their wealth-management arms, ...

The much-anticipated arrival of virtual banking in Singapore is unlikely to be an “aha” moment for consumer finance, but corporate banking will be different. One should expect disruption. The application period for Singapore’s first internet-only lenders ended last week with five known hopefuls, so far, for as many licenses on offer. The move mirrors the grant of eight licenses in ...

Workers are delivering more, and they’re getting a lot less,” argued former Vice President Joe Biden in a speech at the Brookings Institution this summer. “There’s no correlation now between productivity and wages. Senator Elizabeth Warren, a Democratic presidential rival, agrees. Her campaign website states that “wages have largely stagnated,” even though “worker productivity has risen steadily.” The claim that ...