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

Bloomberg A unit of Imerys SA agreed to settle claims by 22 women that talc it supplied to Johnson & Johnson for baby powder was tainted with asbestos and caused their cancers. The Paris-based minerals company’s unit didn’t acknowledge that the talc was tainted or dangerous. The terms of the settlement are closely guarded and won’t be made public. But ...

Bloomberg US job growth in May vaulted payroll gains above 1 million in 2018, reaching the milestone a month earlier than in the past two years. Whether the labor market can maintain such a breakneck pace amid a diminishing pool of skilled workers is another question. Employers added 223,000 jobs last month, more than forecast and bringing payroll gains for ...

Bloomberg Prime Minister Shinzo Abe has plenty to worry about ahead of Donald Trump’s meeting with Kim Jong-un next week, including the prospect of a deal that undermines Japan’s six-decade security alliance with the US and leaves the island nation vulnerable to attack. But it’s another issue that will top Abe’s agenda when he meets Trump at the White House ...

Bloomberg Nigerian lawmakers drew a battle line with President Muhammadu Buhari ahead of February elections by issuing a list of demands that must be met or they will take unspecified legislative measures against him. Buhari is expected to end widespread insecurity and violence in the country, stop the “systematic harassment and humiliation” of political opponents and show sincerity in his ...

Bloomberg Twelve Conservative lawmakers have signed an amendment calling on Theresa May to abandon her Brexit strategy and keep the UK in the single market after the divorce. The move — less than 24 hours after the opposition Labour Party shifted its position toward keeping closer ties with the bloc — has the potential to change May’s Brexit stance as ...

Bloomberg The White House wants North Korean leader Kim Jong-un to commit to a timetable to surrender his country’s nuclear arsenal when he meets President Donald Trump next week in Singapore, a high-stakes summit that could last as long as two days — or just minutes. Trump has been advised not to offer Kim any concessions, as the White House ...

Bloomberg Pakistan’s politicians are defecting in increasing numbers to the party of opposition leader and former cricket star Imran Khan, a shift that shows his rising influence and prompted allegations he enjoys the support of the country’s powerful military. The intensified jockeying comes ahead of a national election on July 25. So far this year 248 politicians, including dozens of ...

European leaders will meet in Brussels at the end of June to discuss how much deeper to push the euro zone’s monetary union. While there’s been plenty of hype about the summit, it risks being a disappointment. Most of it will just confirm what’s already been agreed. And, in typical European fashion, many big questions will remain unresolved – until ...

Remember how there was a glut of computer chips in 2008, and then the world stopped using computer chips? Yeah, me neither. That’s a good reason to discount your worries about the effects on solar power from recent policy blows on panel manufacturers by the US and Chinese governments. The falls in the share prices of some major producers have ...

The sun has finally brought Britain’s shoppers out of their post-Christmas gloom – a relief of sorts for those who worry about the damage that Brexit might inflict on the country’s economy. But while I’ve argued before that the despondency has been overdone, the recent spike in gasoline prices does leave cause for concern. Still, to stick with the sunshine ...