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

Bloomberg Across the continent, from Finland to Portugal, Emmanuel Macron is leading the charge against Europe’s nationalists. He might want to look closer to home. In western France, Marion Marechal has ambitions to train the next generation of anti-establishment, anti-European French leaders. From September, Marechal is starting her own graduate school, where she’ll seek to shape the politicians of the ...

Bloomberg South Korean President Moon Jae-in will send both his national security adviser and top spy as special envoys on a one-day mission to Pyongyang on Wednesday ahead of a possible inter-Korean summit this month. President Moon named a five-member delegation to North Korea on Sunday, led by National Security Office chief Chung Eui-yong, Yonhap News Agency cited Blue House ...

Bloomberg Mercuria Energy Group Ltd. revealed how much each of its top executives and founders control of its parent company offering a rare glimpse into the ownership structure of one of the world’s largest energy traders. In an application seeking permission for a US subsidiary to export electricity to Mexico, Mercuria included a detailed list of its shareholders. The obscure ...

Bloomberg UK investment firm Wren House Infrastructure Management is considering buying the remaining 70 percent of Spain’s Global Power Generation SA that it doesn’t already own, according to people with knowledge of the matter. The potential deal could be valued at more than $1 billion, the people said, declining to be identified as the deliberations are confidential. London-based Wren House ...

Bloomberg Ghana is postponing plans to protect itself from higher oil prices as the country reviews how its currency is affecting what consumers pay at the pump. Foreign exchange movements are probably having a bigger impact on volatile fuel costs than changes in the international price of crude, Deputy Minister of Finance Charles Adu Boahen said in an interview in ...

Bloomberg India’s world-beating economic growth is running up against some big risks: high oil prices, emerging market stress as the era of easy money draws to a close, and policy paralysis in the run-up to next year’s federal election. Those factors may push the rupee, Asia’s worst performer this year, even lower, as well as dampen some of the optimism ...

Bloomberg US-based investment firm Varde Partners Inc. and Indian financial services provider Aditya Birla Capital Ltd. are creating a joint venture to invest in “stressed and distressed” assets in India. Birla Capital’s shares rose. Minneapolis-based Varde will take a 50 percent stake in Birla Capital’s asset reconstruction business for 980 million rupees ($13.9 million), the Indian firm said in a ...

Bloomberg Tencent Holdings Ltd.’s equity bulls keep facing so many setbacks these days that you wonder when its loyal shareholders will cave. For them, it’s becoming all too familiar: the shares slump on some negative news and analysts rush to say buy, calling it an excellent time to load up on a stock that’s long been among Hong Kong’s most ...

Bloomberg Vertex Pharmaceuticals Inc.’s cystic fibrosis medicine Orkambi will be subsidized by the Australian government from next month. The medicine will be available on the Pharmaceutical Benefits Scheme from October 1 for all patients over the age of six who have the most common form of cystic fibrosis, Prime Minister Scott Morrison said in a statement. “This will provide over ...

Bloomberg Xi Jinping’s government has demonstrated a unique ability to exert control over everything from political speech to the internet. It may now have met its match: China’s children. The country’s kids have taken to digital games like those around the world, playing hours of Honour of Kings and PlayerUnknown’s Battlegrounds. Their enthusiasm has made China’s the world’s biggest game ...