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

Bloomberg AT&T Inc.’s chief executive officer stepped down from the boards of Boeing Co. and Emerson Electric Co. to shield both companies from any fallout as he battles the US government to win approval for the takeover of Time Warner Inc., according to a person familiar with the matter. CEO Randall Stephenson, 57, thought it wise to sever ties with ...

Bloomberg Google moved to strip from its news search results publications that mask their country of origin or intentionally mislead readers, a further step to curb the spread of fake news that has plagued internet companies this year. To appear in Google News results, websites must meet broad criteria set out by the company, including accurately representing their owners or ...

Bloomberg House Democrats are threatening to allow automatic spending cuts triggered by the Republican tax bill to take effect next year unless Speaker Paul Ryan ends an attempt to cripple Obamacare. Under a 2010 law known as PAYGO, the $1.5 trillion reduction in government revenue caused by the Republican tax cut legislation would trigger years of across-the-board cuts to programmes ...

Bloomberg Ireland’s economy surged in the third quarter, boosted by rising exports and falling imports. Gross domestic product rose 10.5 percent from the year-earlier period, the country’s statistics office said in Dublin. Exports rose 8.7 percent, while imports dropped 13 percent. The economy grew 4.2 percent from the previous quarter. The figures suggest the nation’s economy is in resilient shape ...

Bloomberg Professional drivers looking to buy a Tesla to shuttle paying customers around should consider this: After Friday, vehicles used for commercial purposes won’t be allowed to use the company’s Superchargers anymore, according to an updated policy. The change in rules applies to vehicles being deployed as taxis — including by drivers for Uber Technologies Inc. or Lyft Inc. — ...

Bloomberg UK Foreign Secretary Boris Johnson made a fresh intervention in the debate over Britain’s future relationship with the European Union, even as Prime Minister Theresa May said she won’t be derailed in her strategy. Johnson called for a “liberal Brexit” in an interview with the Sunday Times newspaper, as he said the advantages of leaving haven’t been properly outlined ...

UNITED NATIONS / Reuters The United Nations Security Council is considering a draft resolution that would insist any decisions on the status of Jerusalem have no legal effect and must be rescinded after US President Donald Trump recognised the city as Israel’s capital. The one-page Egyptian-drafted text, which was circulated to the 15-member cou-ncil and seen by Reuters, does not ...

Bloomberg Austria’s new right-wing government sought to dispel concerns over its future in Europe, pledging to remain an “integral part” of the European Union and the euro currency and ruling out a Brexit-like vote for the public. Chancellor-designate Sebastian Kurz, 31, of the conservative People’s Party, told journalists in Vienna that he’d like to “remove worries” abroad about the course ...

Bloomberg Prime Minister Narendra Modi’s party looks set to retain power in his home state of Gujarat, a result that’s key to sustaining momentum ahead of India’s national elections early 2019. The Bharatiya Janata Party will win 99-146 seats in the 182-seat legislature, according to five surveys published after voting closed. That’s higher than the 92 needed for a majority ...

Bloomberg South African President Jacob Zuma said the ruling African National Congress is threatened by factionalism and urged senior members vying for top party posts to consider including opponents in the new leadership that will be elected at its national conference. “Factionalism has become the biggest threat to the organization,” Zuma told about 5,000 delegates in his opening speech to ...