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

President Donald Trump recently suggested the removal of all tariffs and non-tariff barriers to global trade. Sounds intriguing, but free trade is rare and it’s certainly no utopia. Historically, it’s been largely confined to periods when a major global power promoted the free exchange of products in its own enlightened self-interest. That was true of Great Britain in the 19th ...

HSBC Holdings Plc investors should strap in for a bumpy ride. With costs rising in the first half, the London-based lender may find tamping down expenses a challenge as it moves ahead with its pivot to Asia and a focus on China’s Pearl River Delta. The brewing trade war that has swept across the bank’s largest markets in the region ...

It’s not particularly logical that, after years of permissiveness towards Chinese investors buying up German industrial jewels, Berlin has decided to ban the acquisition of Leifeld Metal Spinning — a technologically advanced but small firm from the town of Ahlen in North Rhine-Westphalia. While it sends a clear signal that the anything-goes era is over, it’s also a worrying consequence ...

Bloomberg House of Fraser Ltd. needs a new lifeline after a Chinese retailer pulled its plan to buy a majority stake, leaving the UK department-store chain on the brink of collapse and threatening about 17,000 jobs. Would-be rescuer C.banner International Holdings Ltd. shelved plans to raise funds for the purchase of a 51 percent stake in the British chain, citing ...

Bloomberg Taiwan is looking at ways to hit back at foreign airlines that recently caved in to pressure from Beijing to refer to the island as part of China. The transportation ministry is studying countermeasures, according to an official who asked not to be identified because they are not authorised to speak publicly. Taipei-based United Daily News reported earlier the ...

Bloomberg Danish tourists bound for Cyprus got more room than they’d bargained for as the first second-hand A380 superjumbo began its new life with a trip to the Mediterranean holiday island from Copenhagen. The Airbus SE plane, the world’s biggest passenger jet, was hired by Thomas Cook Group Plc for a four-hour flight to Larnaca, a comparatively short hop for ...

Bloomberg BAE Systems Plc earnings fell almost 10 percent in the first half as Europe’s biggest defense company booked hits against its US operations, offsetting gains from major contract wins. Underlying earnings before interest, tax and amortisation dropped to $1.14 billion from 967 million pounds a year earlier, London-based BAE said in a statement. While BAE has won contracts to ...

Bloomberg Gump’s Holdings LLC,, the San Francisco retail landmark that survived the 1906 earthquake, filed for chapter 11 bankruptcy protection after succumbing to the rise of online shopping and shifting consumer habits. After years of losses, the 157-year-old Bay Area department store had been trying to find a buyer, or additional financing since May, to no avail. The closely held ...

Bloomberg Excitement for the return of Dior’s equestrian-inspired Saddle bag line—which dominated the “it bag” era of the early 2000s alongside Balenciaga’s “Lariat” and the Fendi “Baguette” before being discontinued—has been bubbling up since designer Maria Grazia Chiuri put them in her runway show in February. Trendsetting models Bella Hadid and Elsa Hosk were soon spotted carrying vintage Saddle bags, ...

Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has said that the August 6, 1966, the date of the late Sheikh Zayed bin Sultan Al Nahyan’s accession as the Ruler of Abu Dhabi, will always remain ...