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

It’s hard to believe after Snap Inc.’s shambolic stumbles over the last two years, but the company truly looks to be on the right road. Snap said that its Snapchat app increased the number of daily users in the second quarter at a rate not reached since before the company’s 2017 initial public offering. Importantly, Snap offered evidence that its ...

The Department of Agriculture’s four-paragraph announcement in the Federal Register of a “revision of categorical eligibility in the Supplemental Nutrition Assistance Program” didn’t fool anyone: The government is proposing to kick 3.1 million people off food stamps. And while the proposal is being attacked for its cruelty, the better argument is that it’s unnecessary. One of America’s oldest social-welfare programs ...

Britain’s new prime minister, Boris Johnson, won the job promising to do something Europe’s leaders have long refused to allow: renegotiate the Brexit withdrawal agreement. The EU should think again — not to help Johnson, but for strictly selfish reasons. The constant sticking point in the Brexit saga has been the so-called backstop — the plan to avoid new border ...

Singapore’s malls are showing some resilience to the global hollowing out of physical retail by online shopping. The demographics of the smartphone generation are still against them, though. Suburban middle-class shopping centers put up a strong show in CapitaLand Mall Trust’s quarterly earnings. Their relative outperformance was an overarching theme in the results of Singapore’s biggest mall landlord, which offer ...

The US technology superpowers need better talking points — and fast. The US Department of Justice said that it would start reviewing how “market-leading online platforms” became big and whether they are squashing competition, limiting innovation or hurting consumers in other ways that may violate US antitrust laws. The government didn’t name names, but rest assured you can throw Google ...

Bloomberg Samsung Electronics Co will begin selling its Galaxy Fold in September, resurrecting a device it pulled months ago after early reviewers reported defects in the gadget’s much-touted flexible screen. The world’s biggest smartphone maker is conducting final testing after making a series of modifications to the device, and said in an online post it will sell the phone in ...

Bloomberg Roku Inc is working on a new device to address a common problem with streaming TV set-top-boxes: video quality. The company is developing a Wi-Fi extender called Roku Relay and is testing it internally, according to people familiar with the matter. The device increases the range of a Wi-Fi router, spreading internet signals further through homes so online video ...

Bloomberg Toyota Motor Corp will inject $600 million into Didi Chuxing and help the Chinese company set up a car fleet management venture, bankrolling the loss-making ride-hailing giant’s expansion. The Japanese auto-maker will work with Didi to provide services including rental and car maintenance. Toyota will use its connected-car technology and intelligent analysis to help bolster Didi’s business, the partners ...

Bloomberg Snapchat’s growth accelerated after the social-media company rolled out an improved version of its Android mobile application and introduced fun ways for people to manipulate their images and videos. Snap Inc, whose Snapchat app lets people send each other disappearing photos and videos, said an average of 203 million users logged in daily in the second quarter, well ahead ...

BOGOR / WAM Corporate giants of the UAE that include Abu Dhabi National Oil Company (Adnoc), Mubadala, and global trade enabler DP World have signed slew of agreements with Indonesian companies, on Wednesday. The signing of the pacts took place on the sidelines of the state visit by HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi ...