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 is set to meet North Korea’s Kim Jong-un in less than three weeks, yet the biggest question hanging over the leaders’ second summit is why they’re even having it. Since their historic face-to-face meeting in Singapore eight months ago, North Korea has made little progress towards giving up its nuclear weapons and continues to do what ...

Bloomberg Two US warships sailed through waters claimed by China in the South China Sea, an action that could infuriate Beijing as a new round of trade talks gets underway ahead of a looming deadline. The guided-missile destroyers travelled within 12 nautical miles of Mischief Reef in the disputed Spratly Islands, Reuters reported, citing an unidentified US official. The reef ...

Bloomberg The head of the European Parliament apologized after touching off a dispute by referring to parts of Croatia and Slovenia as Italian on a day commemorating the slaughter of thousands of his countrymen following World War II. Speaking in honor of those Italians who died and hundreds of thousands more who fled from Adriatic Sea border regions to escape ...

Bloomberg Time is running out to avoid a second partial government shutdown, as congressional talks about border-security funding broke down during the weekend in the latest dispute over detention beds for immigrants. Negotiations could still get back on track in the next 24 hours, and negotiators may decide that a stopgap funding extension past Friday is necessary. But the prospect ...

Bloomberg Thailand’s political divisions are erupting again with just over a month to go to the first general election since a coup almost five years ago. The spotlight is now on the fate of a party linked to exiled former leader Thaksin Shinawatra. The party, Thai Raksa Chart, saw a stunning bid to make Princess Ubolratana Rajakanya its prime ministerial ...

Bloomberg The rightist League of Deputy Premier Matteo Salvini emerged at the head of the strongest bloc in elections in Italy’s Abruzzo region, as support for the Five Star Movement tumbled. The League-led center-right alliance took almost 49 percent, with Salvini’s party the biggest contributor at 28 percent. Five Star, the League’s coalition partner in the national government, scored just ...

Bloomberg Venezuela’s oil minister made a surprise appearance at an energy event in India, as the embattled Opec producer seeks closer ties with major crude customers in the face of crippling US sanctions. Manuel Quevedo said on Monday his nation wants to sell more crude to India, and that US measures have resulted in a $20 billion loss to the ...

Bloomberg Drax Group Plc has started capturing carbon dioxide at its Yorkshire power plant for the first time in a pilot project to develop the technology. The six-month bioenergy carbon capture and storage test aims to suck up a ton of carbon dioxide a day at its biomass plant, with technology that isolates the pollutant from flue gases released when ...

Bloomberg The downward pressure on China’s consumption persisted over the Lunar New Year holiday, the annual festival when people travel, shop, and give gifts or money. People in China spent 1.01 trillion yuan ($149 billion) at restaurants, shopping malls and online outlets over the week-long holiday, according to the Ministry of Commerce. That was 8.5 percent higher than during last ...

Bloomberg Pakistan’s Prime Minister Imran Khan pledged to carry out deep structural reforms of an economy that’s staring at a balance-of-payment crisis, after the International Monetary Fund (IMF) offered to avert it. There was a convergence of views on structural reforms in a meeting with Managing Director Christine Lagarde in Dubai on February 10, Khan said in a twitter post. Pakistan ...