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

Bloomberg Prime Minister Boris Johnson’s staff talk about an imminent general election as though it were a fact, and a Conservative politician accidentally published a draft email about his “GE2019 team.” But amid growing expectations that the next chapter in the UK’s political crisis will see the country go to the polls, it’s still not clear how it will happen. ...

Bloomberg Tunisian authorities said 26 people, including the prime minister, two women and a moderate radical, have preliminary approval to run in next month’s presidential election. The varied line-up, which features former Defense Minister Abdelkarim Zbidi, the deputy head of the radical Ennahda Party, Abdelfattah Mourou, and premier Youssef Chahed, was announced Wednesday by Nabil Baffoun, head of the Independent ...

Bloomberg Prime Minister Narendra Modi says his move to revoke Kashmir’s autonomy is about boosting its economy. But observers say it will take more than rhetoric to bring in investments and ensure jobs in the territory that’s lost more than 42,000 lives to conflict over the last three decades. The state’s economy, dependent mostly on farming, handicrafts and tourism, may ...

To have a recession or not — that is the question. It also encompassed last week’s most important political news, notwithstanding all the public attention understandably focussed on the mass shootings in El Paso and Dayton. There is growing evidence of a possible recession. If one materialises, President Trump could lose his most powerful argument for reelection: a strong economy. ...

Singapore just gave a verdict on who’s winning the trade war. The answer is few countries, if any, in Asia. The deep cut in the trade-reliant economy’s growth forecast was disappointing, albeit not startling. There may be no expansion at all. Growth is likely to be between zero and 1 percent this year, compared with a previous projection of 1.5 ...

Asset managers face “tough industry conditions with flows difficult to come by and fees under pressure,” says Standard Life Aberdeen Plc Chief Executive Officer Keith Skeoch. He’s not wrong; but competitors are weathering the ongoing storm far, far better than his firm is this year. SLA’s performance this year is dismal, with its shares languishing at their lowest level since ...

It looks as if the Trump administration didn’t want to be accused of ruining Christmas. The US Trade Representative’s office said that it would delay until December 15 the imposition of tariffs on certain goods coming to the US from China. The government said products such as cellphones, laptops, as well as some toys, clothes and shoes would be spared ...

Bloomberg Germany’s economy shrank in the second quarter, ramping up pressure on Chancellor Angela Merkel to unleash fiscal stimulus as manufacturers reel from a US-China trade war. The latest report, paired with a protracted slump in business expectations, raises the risk that Europe’s largest economy is on the verge of falling into a recession. It would be the first in ...

Bloomberg A plan to build the world’s longest undersea rail tunnel has hit its first snag. Financing of 15 billion euros ($16.8 billion) was agreed this year for the tunnel to link Finland and Estonia. But the Baltic nation of 1.3 million people wants more details on that funding, the business plan behind the idea and Finland’s role before giving ...

Bloomberg UK wages rose at their fastest pace in 11 years in three months through June and employment climbed to a record high. The stronger-than-forecast figures from the Office for National Statistics suggest the labour market remains tight, meaning the Bank of England is unlikely to join the global rate-cutting trend, at least for now. However, unemployment rate rose as ...