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

Bloomberg Tradeweb Markets Inc. raised $1.1 billion in the second-largest US initial public offering this year, after again increasing the number of shares it was selling and then pricing them above the marketed range. The bond and derivative trading platform sold 40 million shares for $27 apiece, according to a statement. Tradeweb had originally planned to sell 27.3 million shares ...

Bloomberg Tesla Inc. shares plummeted as a record decline in deliveries during the first quarter stoked concern of slackening demand for the Model 3 sedan that started selling less than two years ago. The electric-car maker delivered 63,000 vehicles in the three months that ended in March, down from 90,966 in the fourth quarter. Tesla shares sank as much as ...

Bloomberg Forces loyal to the internationally recognised government in Tripoli conducted air strikes to try to halt a march on the capital by strongman Khalifa Haftar’s troops, officials said. Fighter jets struck positions near Tripoli held by Haftar’s self-styled Libyan National Army on Friday and on Saturday, LNA media official Aguila Saber and local city official Hamed al Nuwaiser said. ...

Bloomberg President Donald Trump said the US is “full,” and can’t accommodate any more migrants from Latin America, capping a week of heated threats against Mexico over undocumented migration and the flow of illegal drugs. “Our country is full. Our area is full. The sector is full,” Trump said at a briefing on border security in Calexico, California. “Can’t take ...

Bloomberg Thailand’s military establishment is intensifying attacks on a young political party that surged in March’s general election and whose 40-year-old leader is the newest symbol of opposition to the junta. The party, Future Forward, won about 18 percent of votes and is a key part of a coalition trying to prevent the junta’s proxies from forming the next government. ...

Bloomberg Chancellor of the Exchequer Philip Hammond reiterated his call to consider proposals for a second referendum on Brexit, while acknowledging that both the UK and the European Union are exasperated by the deadlock, as there’s little visibility on the next steps ahead of a key summit. “I understand that EU colleagues are somewhat fed up that the process has ...

Bloomberg Estonia moved towards a new governing coalition that includes a controversial anti-immigrant party, signalling the further spread of populism in the European Union. Prime Minister Juri Ratas’s ruling Center Party, which snubbed the election-winning Reform party and instead invited the euroskeptic EKRE to talks, overcame opposition from his party’s Russian-speaking members to agree on an alliance that also includes ...

If you think you understand what’s going on with the global economy, you’re probably not paying attention. On the one hand, the stock market is powering ahead. Since its recent low on December 24, it was up 22.4 percent, according to the Wilshire 5000 total market index, which measures the value of all publicly traded US stocks. That’s a paper ...

Boeing Co.’s 737 Max crisis has been largely self-inflicted, but now it’s passing some of consequences onto its suppliers. A crash of an Ethiopian Airlines-manned Max in March — just five months after a Lion Air jet of the same type went down — has put the planemaker at the center of a political, legal and increasingly financial firestorm where ...

Facebook Inc. has mastered an array of corporate aptitudes — including its use of euphemism and obfuscation. So when its boss, Mark Zuckerberg, writes an op-ed asking governments to impose some new regulation on his company, a little skepticism is in order. Make that a lot of skepticism. Zuckerberg’s proposals, published in Washington Post, cover four topics: “harmful content,” elections, ...