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

Bloomberg Boris Johnson outlined his plan for a new Brexit agreement and warned the European Union to compromise or watch the UK walk away from talks and leave the bloc without a deal. The UK prime minister declared that Britain is “ready” to break away from the EU without an agreement in four weeks’ time, if officials in Brussels do ...

Bloomberg Secretary of State Michael Pompeo kicked off a visit to Europe with talks that focussed on Italian concerns at the prospect of new US tariffs, just as the top American diplomat was drawn deeper into an impeachment inquiry into President Donald Trump. Pompeo met with Italian Prime Minister Giuseppe Conte at his official residence in Rome, on the first ...

Bloomberg BMW AG’s namesake brand was neck-and-neck with its German rival in the US last month, edging Daimler AG’s Mercedes-Benz by a mere 34 cars and keeping the race for sales bragging rights close into the final stretch. BMW posted a 6 percent gain in September, delivering to 27,467 cars and sport utility vehicles. The 3 Series sedan was up ...

Bloomberg French President Emmanuel Macron is planning to give tax authorities the power to harvest data from Facebook, Instagram and other social media to help detect fraud. The government wants parliament to include an article in the 2020 budget law granting the new powers to officials from the tax and customs administrations. The state will also screen online market places ...

Bloomberg A UK lawsuit filed against Google by millions of iPhone users over data-collection claims was given the go-ahead by London appeals judges who overturned an earlier ruling that had thrown out the case. The group, known as Google You Owe Us, were seeking as much as $3.9 billion, according to documents filed with the court last year. The organisation, ...

Bloomberg Denmark’s new left-wing government pledged tough laws to control housing costs and singled out Blackstone Group for “unsustainable” rental practices. Kaare Dybvad, the Danish housing minister, said Blackstone is “challenging” local legislation “where there are holes.” By taking advantage of those holes, the concern is that properties are being bought up and then rented out at prices that Danes ...

Bloomberg US stock-index futures retreated with Asian shares while equities sank across Europe as miserable manufacturing data from the world’s largest economy kept reverberating around markets. The dollar advanced. Contracts on the S&P 500, Nasdaq 100 and Dow Jones Industrial Average all signalled declines when exchanges open in New York, after the underlying indexes slumped the previous day when a ...

Bloomberg Hong Kong’s financial markets showed resilience after a day of violent clashes between protesters and the police brought much of the city’s centre to a standstill. The benchmark Hang Seng Index was little changed on Wednesday, closing down 0.2 percent on volume that was 30 percent lower than the 30-day average. Trading in the local dollar was also muted, ...

Bloomberg Ford Motor Co agreed to move most of its assets in India into a joint venture with a local partner after struggling for more than two decades to win over buyers in the world’s fourth-largest auto market. The deal effectively ends Ford’s independent operations in a country it wanted to become one of its top three markets by 2020. ...

Bloomberg Thousands of workers plan to carry out protests against Indonesia’s labour, wage and health insurance regulations, which they say are discriminatory, raising fresh risks for the stability of Southeast Asia’s largest economy. Around 50,000 workers will join the protest in front of the parliament building in Jakarta, according to Said Iqbal, president of the Confederation of Indonesian Trade Unions ...