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

Bloomberg Pro-Brexit members of Theresa May’s Cabinet would be willing keep Britain tied to the European Union’s customs regime for as long as five years in an effort to break the deadlock in divorce talks, people familiar with the matter said. The prime minister is trying to renegotiate the so-called backstop guarantee for avoiding a hard border with Ireland because ...

Bloomberg The last-minute delay of Nigeria’s general elections by a week carries dangers for both President Muhammadu Buhari and his main opponent, Atiku Abubakar. While the electoral commission said the postponement just over five hours before polls were due to open Saturday was for logistical reasons, it reinforces opposition criticisms that state institutions under Buhari aren’t independent and are incompetent. ...

Bloomberg It’s all-electric like a Tesla. It’s priced like a Ford Fiesta. It’s one of the oddest-looking vehicles you’ve ever seen — and it may just redefine the commuter car. As General Motors Co. prepares to shut the plant near Toronto that got car-making started in Canada more than a century ago, a new model is taking shape in a ...

Bloomberg Japan reached the latest hard-fought step in the 40-year, $194 billion cleanup of the 2011 Fukushima meltdown: A robot successfully touched some of the melted fuel sitting inside one of its three wrecked reactors. Japan has decided to remove and dispose of the melted nuclear fuel inside of the Fukushima plant, rather than entombing the site as was done ...

Bloomberg Rovio Entertainment Oyj, maker of the Angry Birds mobile games, fell after it reported declining profitability, and warned investors of lower profits for the first half of the year. The company is prepared to cede control of subsidiary Hatch Entertainment, the cloud-based gaming service it currently owns 80 percent of, to less than 50 percent. Without Hatch, the Finnish ...

Bloomberg As the video game model evolves, Morgan Stanley expects the market to pay less for publishers until they develop a better sense of what works. The success of free-to-play games like Fortnite by Epic Games and recently released Apex Legends by Electronic Arts Inc. are changing player behavior, as gamers may not see the utility of paying $60 for ...

Bloomberg Alphabet Inc.’s Google plans to spend $13 billion on data centers and offices across the US in 2019, saying the investment will create thousands of new construction jobs in states outside its traditional base of California. The new spending builds on $9 billion the company put into expanding across the country last year. By the end of 2019, Google ...

Bloomberg Nintendo Co. has unveiled 18 previously unannounced games as the company doubles down on software titles to revive slumping sales of the Switch console. Among the most promising new games are Super Mario Maker 2, which will go on sale in June, and Zelda: Link’s Awakening slated for some time this year. The release of Fire Emblem: Three Houses ...

Bloomberg The European Central Bank (ECB) took a step closer to injecting fresh stimulus into the weakening euro-area economy as one of its top policy makers said discussions are under way on offering banks new long-term loans. The comments by Benoit Coeure, the ECB Executive Board member in charge of markets, provided the strongest signal yet that euro-area policy makers ...

Bloomberg Yes Bank Ltd. came under fire from the Reserve Bank of India, which said its selective disclosures from an audit report by the regulator was a “deliberate attempt” to mislead the public. The risk assessment report on Yes Bank prepared by the RBI identified several lapses and regulatory breaches in various areas of functioning, the company said in a ...