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

Bloomberg Brazil’s antitrust watchdog weighed in on AT&T Inc.’s $85.4 billion deal for Time Warner Inc., saying it sees a high anti-competitive risk. The nation’s telecommunications regulator had asked the antitrust agency known as Cade in June to review the deal, saying remedies should be adopted because it may negatively affect Brazil’s pay-TV market. The merger combines one of the ...

Bloomberg Swiss watch exports climbed for a fourth month as growth in higher-end mechanical timepieces made up for a decline in cheaper quartz models. Shipments rose 3.6 percent to $1.8 billion in July, the Federation of the Swiss Watch Industry said on Tuesday. Exports of watches wholesaling for more than 3,000 francs rose 5.9 percent, offsetting an 18 percent slump ...

Bloomberg Ford Motor Co. became the latest automaker to offer cash to UK drivers if they scrap the most polluting vehicles on the roads, targeting about 15 million cars and vans across the country. From September 1 to December 31, Ford will offer to pay drivers as much as $5,200 for cars and 7,000 pounds for vans if they replace ...

Bloomberg Facebook Inc. is lucky it owns Instagram. This year, the world’s largest social network will see a decline among teen users in the US, according to a forecast by EMarketer. It’s the first time the research company has predicted a fall in Facebook usage for any age group. EMarketer predicts 14.5 million people from the ages of 12 to ...

Bloomberg Donald Trump vowed as a presidential candidate to reduce America’s military involvement abroad and quickly defeat IS terrorists. His announcement of an open-ended commitment to Afghanistan to battle extremists is a concession that as president he cannot meet either promise. Trump’s shift on Afghanistan is the latest indication of how difficult it has been to deliver on his “only ...

BAGHDAD / ERBIL / Reuters A delegation representing Iraq’s ruling Shi’ite coalition may meet Kurdish politicians again next week to try to convince them to delay or cancel a plan to hold an independence referendum, a negotiator said. A first round of talks, held last week in Baghdad, brought the two sides closer and a second round could be held ...

Bloomberg Angela Merkel’s main challenger, Martin Schulz, sharpened his attack against the German chancellor less than five weeks before the election as his Social Democrats struggle to narrow the gap in polls that give her a dominant advantage. Laying out his pitch in the northern German city of Bremen, where the Social Democrats have governed since 1945, Schulz called for ...

Bloomberg North Korea threatened the US on Tuesday, saying it will face “merciless revenge” for ignoring Pyongyang’s warnings over annual military drills with South Korea. The isolated nation said it would be a misjudgment for the US to think that North Korea will “sit comfortably without doing anything,” the state-run Korean Central News Agency said, citing an unidentified military spoke-sman. ...

BEIRUT / Reuters Lebanon’s president signed off on public sector pay rises and tax hikes, a move that has triggered business concerns but could help politicians shore up support ahead of a legislative election next year. President Michel Aoun held off ratifying the two laws since parliament approved them last month, amid objections from businesses about impact of more taxes ...

Bloomberg Prime Minister Malcolm Turnbull’s government could collapse if a court rules that three of his lawmakers with dual citizenship are ineligible to hold office. Even if they stay, his handling of the constitutional crisis gripping Australia’s parliament may have already sealed its fate. The High Court will begin hearings on Thursday to interpret a 117-year-old law that bars dual ...