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

Bloomberg Productivity gains in the US accelerated by more than expected last quarter to the fastest pace since 2014, adding fuel to the Trump administration’s argument that its tax cuts are boosting the economy without stoking inflation. Non-farm business employee output per hour increased at 3.6 percent annualised rate in the January-March period, according to Labor Department figures. That topped ...

Bloomberg House price growth in the UK remained weak in April as the slump in southeast England and London depressed the market, the latest survey from the Royal Institution of Chartered Surveyors showed. The index was unchanged as a dip in new buyers weighed on prices, the report said. Expectations for the next three months are for flat or declining ...

Bloomberg One of Germany’s biggest and oldest companies wants to become carbon neutral by next year, starting a race to tap more green power, ramp up energy savings and offset emissions. Robert Bosch GmbH announced the sweeping plan that will impact 400 sites worldwide. It puts the 133-year-old company at the forefront German blue chips moving to eliminate emissions as ...

Bloomberg US Secretary of State Michael Pompeo leaves for Moscow on Sunday, with President Donald Trump again calling for improved ties now that Special Counsel Robert Mueller has finished his investigation. Pompeo will meet US diplomats at the American Embassy in Moscow on Monday before continuing to Sochi for talks with President Vladimir Putin and other senior officials. The secretary ...

Bloomberg The United Nations Security Council debated conflicts from Syria to Libya to Bosnia this week. Missing from the agenda: North Korea’s missile launches, explicitly prohibited by unanimous council resolutions. With the US and its allies offering a muted response to Kim Jong-un’s latest violation of international resolutions, UN attention on North Korea came at a small side event on ...

Bloomberg A week after an audacious attempt to topple Venezuelan autocrat Nicolas Maduro, his regime is cracking down on those it holds responsible, searching homes, issuing arrest warrants and sending opposition leaders into hiding. Top allies of Juan Guaido, the head of the powerless legislature who says he is the nation’s rightful president, are circulating among safe houses, holing up ...

Bloomberg Mexico detained thousands more migrants in April than a year ago after US President Donald Trump threatened to close the border, representing a shift in focus for the nation’s leftist president away from granting humanitarian visas. Under President Andres Manuel Lopez Obrador, 20,564 people were presented to immigration authorities in April compared with 11,486 in April 2018, an increase ...

Bloomberg South Africa’s African National Congress (ANC) has extended its quarter-century grip on political power and it largely has President Cyril Ramaphosa to thank for halting its decline. The ANC won 57.3% of the votes cast in the national elections, official tallies from 90% of the voting stations show. The party looked to be in danger of losing its majority ...

At a time when America is facing a potential military confrontation with Iran, an escalating trade war with China and a showdown with North Korea, you’d think President Trump would want a permanent secretary of defense to oversee Pentagon plans. But Patrick Shanahan is still cooling his heels as acting secretary, awaiting a formal nomination that was expected nearly two ...

The forthcoming European parliamentary election was meant to be Facebook Inc.’s big chance to please a constituency that trashes it on a regular basis: Politicians. After all of controversy around fake news on website and the Cambridge Analytica scandal, the company hired the former British Deputy Prime Minister Nick Clegg to help clean up its act. The social network has ...