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

Bloomberg The end of John Bolton’s fractious tenure as national security adviser leaves one man at the helm of the Trump administration’s foreign policy as it manages crises from Iran to North Korea: Secretary of State Michael Pompeo. From the moment Bolton arrived at the White House in April 2018, he brought a hawkish foreign policy vision honed over decades ...

Bloomberg Heading into his re-election campaign, President Donald Trump faces months of inquiries by House Democrats beyond a potential impeachment probe. The scrutiny extends from Trump’s personal finances to decisions made by the White House on issues such as health care and immigration, his alleged direct involvement in payments to silence two women claiming to have had affairs with him ...

Bloomberg Prime Minister Boris Johnson lost a Scottish court ruling on the suspension of parliament, throwing the deadlocked British political system into even greater confusion ahead of the October 31 Brexit date. The court, in a short ruling, said that the purpose of the Prime Minister’s move was to unlawfully “stymie” parliament. The unanimous decision on Wednesday by a panel ...

Bloomberg Iran has arrested three Australian citizens, including two with dual British nationality, in what appears to be a stepped-up targeting of foreigners for arrest amid a tense standoff with Western powers over the nuclear deal. Australia’s Department of Foreign Affairs and Trade confirmed the detentions, but declined to provide further details due to “privacy obligations.” The Times newspaper reported ...

The verdict of history is that the trade war that’s now raging between the United States and China will lead to no good — with consequences that could go well beyond trade and threaten the world’s geopolitical and economic stability. How this plays out is anyone’s guess, but we should not pretend that there is no danger in letting the ...

The tidal wave of asylum seekers that hit Europe in 2015 is often stereotyped as an invasion of poorly qualified migrants destined to be charity cases in the receiving countries. Recent research shows it’s not true. Germany, which welcomed the immigrants and almost immediately regretted it, is likely to end up profiting from Chancellor Angela Merkel’s decision to let them ...

Vincent Bollore is developing an unfortunate habit of losing. The French billionaire who controls Vivendi SA emerged bruised from the latest round of his battle with former Italian prime minister Silvio Berlusconi. Bollore has been trying to block the merger of Berlusconi’s Mediaset SpA with its Spanish subsidiary. Vivendi is the second-biggest investor in Mediaset but Bollore has so far ...

India’s plunging auto sales are making investors nervous. Their bigger worry should be the vanishing new roads. The country’s top six automakers reported a 29% decline in August sales. A 45% slump in commercial vehicle sales by Tata Motors Ltd., the No. 1 Indian truck maker, added to the gloom. With GDP growth facing its longest slump since 2012, India ...

The idea of capping rents for five years in Berlin, the city where they have been going up faster than anywhere else in Germany (except much cheaper Leipzig), has always smacked of Communist price controls. Now the Berlin Senate has published a legislative proposal on how a rent ceiling is supposed to work – a clear indication that the leftist ...

Last week’s news headlines were dominated by hawks on the European Central Bank’s (ECB) governing council pushing back against the restart of quantitative easing. It’s a sure sign that Mario Draghi, the soon-to-depart ECB president, is readying the bond-buying bazooka once again. He has little choice but to ignore the protests of Germany, France and the Netherlands. As central banks ...