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

Bloomberg Investor confidence in Germany’s economic outlook remained weak in the latest sign of concern that the nation has slipped into a recession amid trade tensions. ZEW’s index of expectations for the next six months declined to minus 22.8, compared with minus 22.5 last month. Measures of current conditions in Germany and of expectations for the euro zone both worsened. ...

Bloomberg WeWork has backed out of an ambitious project to outfit a 36-story tower in Seattle with co-working space and its co-living offshoot, as the company looks to shore up its finances. WeWork won’t lease the building at 3rd Ave and Lenora St from Martin Selig Real Estate, according to a joint statement from the companies. The decision leaves one ...

Bloomberg Apple Inc is planning to bring 5G to the iPhone next fall, more than a year behind some rivals. The company can ill afford to let the timing slip. Apple’s most recent iPhone launch focussed on camera improvements, and there was no mention of 5G, the latest, fastest wireless standard. Meanwhile, at least 20 5G smartphones are being rolled ...

No news can be good news sometimes. The logic of past Brexit negotiations suggests that the less we hear about what’s happening in intensive Brussels talks, the greater the chance that those talks are getting somewhere. Once the details start to leak and the anonymous briefings start, what’s left tends to be dead on arrival. Yet even with scant details ...

America’s second shale boom is running out of steam. But don’t panic just yet, a third one may be coming over the horizon. The US Energy Information Administration published its latest short-term energy outlook last week and has cut its forecast of oil production by the end of 2020 for the fourth straight month. It now expects American output to ...

During the past 12 months Renault SA has looked more like a soap opera than a carmaker. The French company served up an ill-tempered denouement when it sacked Chief Executive Officer Thierry Bollore, who said he was the victim of a “coup.” Bollore only took the job in January after his predecessor Carlos Ghosn was arrested for alleged impropriety around ...

Donald Trump isn’t the only leader with a sense of drama. The timing of China’s announcement that it will remove foreign ownership caps on financial services firms next year is no accident. It arrives as the climactic day of trade talks is about to get under way in Washington, and presents a challenge to the US president’s efforts to limit ...

Most developed countries grow at about the same rate, thanks to the broad march of technological progress and globalisation. But in each decade, there are a few stars that outperform the rest. Typically, other rich nations look to these winners for clues about how to raise their own growth rates. In the decade since the financial crisis, Germany, Singapore and ...

Strategists at Bank of America Corp. published a report that said “the Fed needs a bazooka of asset purchases.” However, they said, that’s unlikely to happen, and the central bank will probably buy only $25 billion to $50 billion a month in Treasury bills, “to guard against the perception of QE.” Well, the Federal Reserve brought the heavy artillery. The ...

But why? That’s the question I keep asking as Uber Technologies Inc. makes the case that driving people around cities gives it a leg up on moving physical goods from place to place — restaurant food, freight by truck and groceries. Uber expanded those efforts by agreeing to buy a majority of Cornershop, which helps supermarkets, pharmacies and food retailers ...