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

Bloomberg President Donald Trump’s deal with Mexico to get help on the border in exchange for withdrawing the threat of US import tariffs got a quick thumbs-down from Nancy Pelosi. The House Speaker released a statement saying Trump had “undermined America’s preeminent leadership role in the world” by hanging the threat of tariffs over Mexico. “We are deeply disappointed by ...

Bloomberg Former Vice President Joe Biden and Senator Bernie Sanders of Vermont led the field of 2020 Democratic presidential candidates in a poll of Iowa voters likely to participate in the first nominating contest, still almost eight months away. Biden has the support of 24 percent of likely participants in the Iowa caucuses. He’s followed by Sanders at 16 percent. ...

Bloomberg Justice Ruth Bader Ginsburg hinted that sharp divisions will mark the final weeks of a Supreme Court term that will include major rulings on the census and partisan gerrymandering. Speaking before the annual conference of federal judges in New York, Ginsburg suggested that more than a quarter of the court’s remaining 27 rulings will be decided by a single ...

Bloomberg Germany’s Green Party has a three-point lead over Chancellor Angela Merkel’s Christian Democrats in the first national opinion poll since the country’s junior coalition chief resigned. The Greens stayed at 27 percent, while Merkel’s CDU-CSU alliance lost three percentage points at 24 percent, according to the Forsa GmbH poll, reported by German broadcasters RTL and n-tv. The country’s Social ...

We may be on the cusp of an upheaval in global trade. Since World War II, the international trading system has operated on the premise of “most favoured nation (MFN),” meaning that concessions granted to one country must be extended to all countries in the system. The trade standoff between the United States and China suggests that this approach is ...

There’s a question that anyone who watched Mario Draghi’s press conference must ask themselves: Should we look at the European Central Bank’s (ECB) slightly guarded official position or listen to the more dovish messages from the president? The answer will determine one’s confidence about central bank’s ability to fight a new euro zone slowdown. It might also influence whether that ...

Partly by default, and partly by design, Indian Prime Minister Narendra Modi has managed to assemble a newish-looking team for his second term. Hopefully, the freshness will carry over to ideas. The top job in the finance ministry opened up as Arun Jaitley, who held the position during Modi’s first five-year term, made himself unavailable for health reasons. The prime ...

The European Union’s (EU) move to discipline Italy for excessive public borrowing poses an awkward question: What use are rules that lack credibility against a member that acts in bad faith? The answer is not much. The EU’s fourth largest economy hasn’t just fallen short of complying with the bloc’s budget rules — its populist government has openly and repeatedly ...

When running for reelection, India’s Prime Minister Narendra Modi and his ministers stressed that, under his administration, India had become the world’s “fastest-growing large economy.” This was never much of an achievement; after all, the People’s Republic of China was in the midst of a significant slowdown even before the trade war. But even that no longer seems to be ...

The Dutch-based navigation company TomTom NV has discovered in the course of research for its 2018 traffic congestion index that the German cities with the highest and fastest-growing apartment rents are also the most congested. This finding contains an important message for city planners: Instead of trying to fight cars, perhaps it’s worth putting effort into building more housing and ...