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

It is not easy being in Christine Lagarde’s shoes. The incoming president of the European Central Bank (ECB) has not yet presided over her first Governing Council meeting, but she will have to face down a revolt over the central bank’s decision to restart quantitative easing before she even starts. Lagarde may want to thank Mario Draghi for pushing through ...

For years, thriving cities in coastal regions of the US have become increasingly expensive to live in. As cities such as San Francisco, New York City, Los Angeles and Seattle became more attractive, thanks to booming knowledge industries and falling crime, rents soared: And for almost as long, people have been hotly debating what to do about the problem. Many ...

Bloomberg Bonds rallied globally while stocks struggled for traction as investors marked time until the Federal Reserve was expected to conclude its policy meeting on Wednesday, with officials expected to cut interest rates again and possibly move further to calm overnight-loan markets. The dollar rose. Government bonds climbed from London to Tokyo before the expected easing in the world’s biggest ...

Bloomberg Even after a plunge in Hong Kong property shares following months of protests in the city, Eastspring Investments says some of the biggest stocks in the sector remain unappealing because of their valuations. John Tsai, a portfolio manager in Singapore, trimmed his holdings of Henderson Land Development Co and Sun Hung Kai Properties Ltd in July, and remains underweight ...

Bloomberg US aviation regulators are calling for a meeting with their counterparts from about 50 other countries to discuss progress on returning Boeing Co’s grounded 737 Max to service as some nations have begun saying they will perform independent assessments of the plane. The Federal Aviation Administration sent a letter to regulators around the world asking them to an “informal ...

Bloomberg Virgin Atlantic Airways Ltd will add 84 destinations including Beijing, Buenos Aires and Sydney if the expansion of London’s Heathrow airport is accompanied by a shakeup in the way operating slots are allocated. The airline would like to serve 35 new long-haul destinations from Europe’s busiest hub, on top of the 19 it offers, plus 37 cities in continental ...

Bloomberg Ocado Group Plc‘s retail business keeps steaming ahead as the UK online grocer counts down a year to the launch of its partnership with Marks & Spencer Group Plc. Retail revenue grew 11 percent for the 13 weeks through September 1, even though the average order size was down slightly. The company kept its projection for 10 percent to ...

Bloomberg Holiday retail sales will increase by 4.5 percent to 5 percent to more than $1.1 trillion this year as a strong US job market offsets concerns about an economic slowdown and the trade war with China, according to Deloitte. “Near record-low unemployment rates, coupled with continued monthly job creation, may encourage people to spend more during the holiday season,” ...

Bloomberg Kenya Airways Plc sent acting Chief Financial Officer Hellen Mwariri on compulsory leave, according to three people with knowledge of the matter. Mwariri is under investigation by the board for allegedly leaking sensitive company information, two of the people said. She did not respond to a text message request for comment and calls to her mobile phone didn’t connect. ...

Bloomberg Forever 21 Inc is in discussions to give a stake in the company to its two largest landlords as part of a restructuring that would allow co-founder Do Won Chang to retain a share, according to people familiar with the matter. The ailing fast-fashion retailer is in talks with Simon Property Group Inc and Brookfield Property Partners LP about ...