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

Bloomberg India is reviving attempts to overhaul its half-century-old direct tax laws as it looks to increase the share of collections from the lowest in a decade. Prime Minister Narendra Modi’s government is working to ensure that tax payers don’t need to submit multiple returns and have quicker options of redress should a dispute arise, said people familiar with the ...

Bloomberg Bilibili, China’s top online platform for streaming Japanese animation, is planning a US initial public offering that could raise at least $200 million, according to people with knowledge of the matter. The website operator aims to list in New York as soon as next year, the people said, asking not to be identified because the information is private. Bilibili ...

Bloomberg China’s biggest search engine, Baidu Inc., checks out 3 billion claims of fake news every year and works closely with government agencies to tackle an issue it calls a global challenge. The spread of rumors and false information is a problem faced by companies around the world that requires technology and cooperation with external organizations to fix, President Zhang ...

Bloomberg London Mayor Sadiq Khan will visit India and Pakistan later this year to promote the UK capital and build trade and cultural links. The mayor will tell government and business leaders that London is still open to people from across the world, despite international perceptions of last year’s vote to leave the European Union. “I am passionate about showing ...

Bloomberg Google summoned about 200 policy staff from around the world last month for a debate on whether the company’s size has made it too attractive as a target for government regulators. The two-day retreat in Monterey, California, where employees from the $682 billion company plied Washington policy experts with questions about the pros and cons of its size, took ...

Bloomberg Apple Inc. Chief Executive Officer Tim Cook met Emmanuel Macron in Paris, and according to French officials he didn’t push back against calls by the French president and European allies to change rules in the region to get technology giants to pay more taxes. The two met at the French presidential palace at the request of Cook. Macron is ...

Bloomberg The economic boom in Sweden is running into a familiar foe: a lack of skilled workers. Even after a record inflow of migrants over the past three years that boosted the Nordic country’s population to above 10 million, businesses are having a harder and harder time finding workers. The number of job vacancies per person seeking a job is ...

Bloomberg Year after year, as Puerto Rico’s government drew ever closer to ruin, it cut hundreds of millions of dollars from roads, schools and other public works. It neglected the electricity system, leaving it dilapidated and prone to prolonged outages. The water utility, which was leaking untreated sewage, put a $1.4 billion construction plan on hold. At least 5,800 police ...

Bloomberg Irish authorities are bracing to lose out in the race to host the European Banking Authority and the European Medicines Agency following the UK’s departure from the EU, a person familiar with the matter said. Dublin is viewed as having little chance of winning either organisation, which are being forced from London after Brexit, in part due to Ireland’s ...

Bloomberg Denmark wants to bring the so-called sharing economy into its legal codex so that companies like Uber and Airbnb can be absorbed into the Scandinavian welfare model. The Danish government sees little point in resisting the changes these companies represent. Instead, it’s putting forward a number of measures designed to fold the business concept into its tax and labour ...