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

Bloomberg UK Prime Minister Theresa May is pushing back against Cabinet colleagues who are trying to take control over the direction of Brexit after her deal ran into a wall of opposition. Some of May’s ministers are calling for Parliament to get the chance to vote on what happens next, with a series of indicative ballots on the options available, ...

Bloomberg India has offered the Maldives $1.4 billion through a credit line and budgetary support as the tiny island nation’s new government pivots from a pro-China foreign policy to one focussed on its close neighbour India. The loan agreement came after talks between newly-elected Maldives President Ibrahim Mohamed Solih and Indian Prime Minister Narendra Modi. The two leaders discussed regional ...

Bloomberg United Nations diplomats surprised by how they managed to cope with President Donald Trump’s “America First” agenda are worried that things are only going to get tougher in 2019. It’s not State Department spokeswoman Heather Nauert — Trump’s pick to replace departing Ambassador Nikki Haley — who’s raising concerns. It’s her boss, Secretary of State Michael Pompeo, and National ...

The nine-year economic recovery is dead. Long live the recovery. The Federal Open Market Committee (FOMC) — the Federal Reserve’s main policymaking body — meets this week to decide whether or not to raise interest rates. No matter what it does, the decision is likely to be criticised. Since late 2015, the Fed has increased short-term interest rates eight times ...

Italy’s populist government has pledged to the European Commission that it will lower its deficit target to 2 percent of national income next year. For a cabinet that vowed to defy the ‘bureaucrats’ in Brussels, this is a stunning climb-down. But unless Rome is ready to row back on some of the key pledges included in its 2019 budget, it ...

Falling yields on German government debt is the sign of a classic ‘risk-off’ mentality. As fear grows, investors plump for safety. But where’s the crisis in Europe? Yields on 10-year bunds have fallen steadily by 30 basis points in the past two months. And German notes out to eight years are now in negative territory. It’s hard to fathom why. ...

It’s unclear what UK Prime Minister Theresa May hoped to get from leaders of the European Union (EU) at their recent summit. As things turned out, she got less than nothing — a public brush-off that further weakened her standing at home, if that were possible. Her Brexit strategy has collapsed, and nothing is to be gained by persisting with ...

The ‘everything bubble’ is deflating. The fact that it’s happening relatively slowly shouldn’t blind us to the real threat: The world is dangerously underestimating how hard it’ll be to deal with the fallout once it pops. Frothy markets can’t disguise the warning signs. The shift to tighter monetary policies in the West is putting pressure on global equity and real ...

By rights, wealthy finance types should adore Bombardier Inc. The Canadian aerospace and train manufacturer’s Global 7500 is the biggest business jet around and can fly non-stop from New York to Hong Kong reaching almost the speed of sound. It’s yours for a mere $73 million. To describe the cabin as roomy is an understatement. There are four separate “living ...

I am concerned with Canada’s recent arrest and possible extradition of Huawei chief financial officer Meng Wanzhou. Meng was travelling in Canada, switching planes using a Chinese passport, when she was taken into custody. If sent to the US, she would face charges of trying to defraud United States financial institutions, each carrying a maximum sentence of 30 years. And ...