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

Bloomberg Chilean police are scratching their heads over who sent two sophisticated package bombs without claiming responsibility or making any demands. The first bomb exploded at a police station in northern Santiago, leaving five policemen hospitalised. The second was intercepted at the headquarters of Quinenco SA, one of the holding companies through which Chile’s richest family controls Banco de Chile. ...

Bloomberg Australia is facing an “unprecedented” wave of espionage, including cyber-attacks and traditional spy craft, The Australian newspaper reported. The country is facing daily threats of foreign interference, the paper reported, citing outgoing spy chief Duncan Lewis, who is director general of the Australian Security Intelligence Organisation (ASIO). The unprecedented level of attempted interference was a direct result of globalisation, ...

Aboard the USS Boxer in the Persian Gulf — Capt. Ronald Dowdell was on the starboard side of the bridge, looking towards Iran, as his vessel passed through the Strait of Hormuz on July 18. He’d been monitored by Iranian helicopters and speedboats, but now a drone was closing fast. Dowdell ordered his crew to disable the drone because it ...

Look at the coal yards surrounding China’s power plants and you’ll notice something strange happening. Typically at this time of year, stockpiles of the fuel that provides about two-thirds of the country’s power should be shrinking. Peak season for thermal power generation is July and August when cities switch on their air conditioning, along with the coldest months of winter. ...

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 ...