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

Bloomberg In London, which suffers from one of the most expensive property markets in Europe, thousands have found alternative housing for less than the cost of a parking space — though it helps if you can repair an engine or plug a leaky hull. Narrowboats, which aren’t much wider than a king-sized bed, have gained in popularity for those willing ...

Bloomberg Hong Kong leader Carrie Lam didn’t make any new concessions to protesters after pro-democracy forces won a landslide in local elections, a move that risks leading to further violence after months of unrest. The comments on Tuesday came during her first weekly briefing since an overwhelming majority of voters delivered a strong rebuke of her administration and its backers ...

Bloomberg French president Emmanuel Macron said 13 soldiers died in a helicopter accident on November 25 during an anti-terrorism operation in Mali. The accident occurred during a military operation against extremists, the French Presidency said in a statement. The accident raises the death toll in France’s anti-terrorism military operation in the Sahel region to more than 30. France started military ...

Bloomberg Botswana’s main opposition party and the breakaway party of former president Ian Khama are challenging the results of voting in 19 constituencies, a move that could result in the country’s electoral commission calling fresh elections in those districts. The Umbrella for Democratic Change has filed petitions with the High Court in 16 districts, while Khama’s Botswana Patriotic Front is ...

Bloomberg A four-day-old coalition government led by the Bharatiya Janata Party (BJP) collapsed in the western Indian state of Maharashtra after it failed to muster a majority. Chief Minister Devendra Fadnavis announced his intention to resign at a press conference in Mumbai, the state’s capital, which is also home to India’s benchmark stock exchange and leading conglomerates, Reliance Industries Ltd ...

Bloomberg It’s starting to feel like dominoes. One by one, countries across Latin America are succumbing to unrest. It doesn’t matter if governments are from the left or right. People are tired of austerity, with some countries suffering years of stagnant economic growth and fed up with graft. The latest to face mass protests is Colombia. Perhaps having seen what ...

Bloomberg Ukrainian president Volodymyr Zelenskiy faced months of US pressure to drum up a very particular corruption investigation. Zelenskiy repeatedly responded vaguely, to the clear frustration of President Donald Trump’s circle, that he is committed to investigating corruption. Zelenskiy’s efforts to retool his country’s law enforcement are now taking form, with Ukrainians watching whether the latest anti-corruption drive will fare ...

Europe’s steel industry is in crisis again and there’s no shortage of reasons for all the financial losses and job cuts. Stagnating demand, surplus production capacity, higher iron ore prices and a surge in imports caused by trade conflicts are just some of them. But when Tata Steel Ltd. announced 3,000 job losses at its European arm this week, the ...

America’s corporate economy has long been divided between a taxed, for-profit sector and a non-taxed, not-for-profit sector. This division has significant implications for tax policy: To wit, if the wealth gained from for-profits is penalised, the non-profit sector will also suffer. Consider the wealth taxes that have been proposed by Elizabeth Warren and Bernie Sanders. Even an apparently modest annual ...

Novartis AG’s latest biotech bolt-on requires a big leap of faith. The Swiss drugmaker’s $9.7 billion deal to buy Medicines Co. pays the US cardiovascular specialist’s shareholders a huge chunk of the potential gains to be had from its novel treatment for lowering bad cholesterol. Investors will have to console themselves that Novartis is big enough to absorb the cost ...