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

Bloomberg The US Coast Guard is touting increased operations in the Western Pacific, thousands of miles from American shores, as China’s coast guard and civilian fishing militias increasingly assert the country’s territorial claims. A presence in the South China Sea and elsewhere will help enforce the sovereignty of partner nations in the disputed waters, US Coast Guard Pacific Area Commander ...

Bloomberg Moldova’s newly declared Prime Minister Maia Sandu said her decision to form a parallel government in the former Soviet Republic is perilous and urged the former ruling party still claiming power not to turn the country into a second Venezuela. Speaking from Chisinau, the 47-year-old former World Bank adviser insisted that her administration will be wholly pro-European even though ...

Bloomberg In Haiti’s historic breadbasket, a dozen farmers worked in ankle-deep water, stooped under a piercing blue sky in a lush region dominated for generations by rice fields, and more recently by roving bands of armed men. The gunmen, linked to an infamous gang leader named Arnel Joseph, have been waylaying travellers in the Artibonite Valley, driving out police and ...

One of the least-discussed but perhaps most consequential comments by special counsel Robert Mueller in his appearance before reporters was his blunt counterintelligence assessment: “Russian intelligence officers, who are part of the Russian military, launched a concerted attack on our political system.” The US military, backed by Mueller’s findings and those of the intelligence community, has responded by developing a ...

There’s one worrying aspect about the decision by Brussels to trigger a disciplinary process against Italy – and, no, it’s not the prospect of financial sanctions. It’s that the European Commission report, which states that Italy hasn’t made enough progress in cutting its debt, lands at a time of utter political chaos in Rome. The ruling League and Five Star ...

Like the offer of a week’s vacation in the sun amid a washout summer at home, some good news has arrived at last for Thomas Cook Plc’s shareholders: Fosun International Ltd. is interested in a potential bid for the beleaguered British travel company’s tour operating arm. An approach from the Chinese group, which already owns an 18% stake in Thomas ...

Around the world, governments are hitting on a modish new idea: Turn the internet off. Sometimes they mean it literally. Methods vary, but the trend is clear enough. Countries are increasingly ordering telecoms and other companies to block network access, shut down messaging services, or otherwise restrict digital applications or websites, usually citing public order or national-security concerns. In extreme ...

Southeast Asian nations no longer want your trash. Last week, Malaysia announced it was sending 3,300 tons of scrap plastics including CDs, insulated electric cables and milk jugs back to countries ranging from Australia to Bangladesh, Canada, China and Japan. Days later, the Philippines shipped back 69 containers of dirty Canadian diapers and other refuse brought into the country between ...

Pity Europe’s banks. For years, they have been in retreat, losing business in their own back yards to Wall Street rivals. Now the battlefront is shifting – but what looks like an opportunity to gain ground may be just the opposite. In wholesale banking, the pursuit of growth has moved away from the dealing floor – where revenue has been ...

The value of all cryptocurrencies in circulation is about $275 billion, which is around the same level as late November 2017. But a lot has happened in between, with values soaring to more than $800 billion at the every end of that year, and then plunging to barely $100 billion in late 2018. The wild swings are not unlike the ...