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

Bloomberg Theresa May has conceded that lawmakers should have a retrospective debate — and possibly a vote — on her decision to take part in the bombing of Syria with the US and France. After the British prime minister and Foreign Secretary Boris Johnson both said that there was no need for such a vote, May’s office said that she ...

Bloomberg Chancellor Angela Merkel’s attempts to engage President Donald Trump just got harder. Trump lavished praise on the UK and France at the weekend “for their wisdom and the power of their fine Military,” after they joined the US in hitting Syrian targets. All Merkel earned was US criticism for not taking part. “Germany should have joined this P3 group, ...

Bloomberg Donald Trump is “morally unfit” to be president, former FBI Director James Comey said in a highly anticipated prime-time interview, adding that he couldn’t rule out the possibility that the Russian government has incriminating information about the president. “I think it’s possible. I don’t know,” Comey said in an interview with ABC News’ Chief Anchor George Stephanopoulos, when asked ...

Bloomberg The foreign ministers of China and Japan agreed to work closely to push North Korea to abandon its nuclear programme, in the latest sign of improved cooperation between Asia’s two largest economies. “To get North Korea to abandon its nuclear weapons and missiles in a complete, irreversible and verifiable way, we agreed we must enforce the relevant Security Council ...

Bloomberg Consider what Greek Prime Minister Alexis Tsipras is up against. As Greece prepares to free itself from an eight-year European bailout, its 43 year-old premier is confronting challenges at home and abroad. On the domestic front: preparations for post-bailout economic life and the first general election since the end of the program, including feuds with both allies and rivals. ...

Bloomberg Bombardier Inc. is extending the range of its marquee business jet to 7,700 nautical miles, unseating the Gulfstream G650 as the long-distance champ of the private-aircraft industry. The 300-mile improvement for the Global 7000 means the plane will be able to whisk passengers from New York to Hong Kong, or Singapore to San Francisco, Bombardier said in a statement. ...

SHANGHAI / Reuters China’s planned tariffs on US business jets may do little to buoy rivals despite concerns the moves could create an unequal playing field in the fast-growing China market, aviation executives said in Shanghai. China announced retaliatory tariffs against key US imports, among which is a proposed 25 percent tariff on US aircraft with an “empty weight” of ...

Bloomberg Norwegian Air Shuttle ASA CEO and co-founder Bjorn Kjos said the discount carrier being pursued by rival IAG SA isn’t for sale, reiterating a stance long held by the former fighter pilot who has a 27 percent stake. “I haven’t thought about selling at all” even though many companies have shown interest in acquiring Norwegian Air, Kjos said. Having ...

BEIJING / Reuters An Air China flight bound for Beijing made an unscheduled landing in the central Chinese city of Zhengzhou on Sunday after a passenger threatened a flight attendant with a fountain pen, the country’s civil aviation authority said. In a brief statement on its website, the Civil Aviation Administration of China said a male passenger on Air China ...

Bloomberg Billionaire Isaac Larian, the toy marketer whose lineup includes Little Tikes and Bratz dolls, offered to save part of Toys ‘R’ Us from liquidation with an almost $900 million bid for stores in the US and Canada. Larian would pay $675 million and $215 million for outlets in Canada, he said. The funds will come from Larian himself and ...