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

Bloomberg UK companies are getting more worried about the economy and feeling less confident in spending money on hiring or investing, according to a new report. The Recruitment and Employment Confederation said an index of economic conditions has fallen to the lowest this year, with a greater proportion of respondents to its survey saying things are getting worse. Employers are ...

Bloomberg Vanguard Group and T. Rowe Price Group Inc. marked down the value of their shares of Uber Technologies Inc. by as much as 15 percent following a drumbeat of bad news, lawsuits and boardroom battles at the ride-hailing company. Vanguard cut the worth of the shares by 15 percent to $41.46 as of June 30 from the prior quarter, ...

Bloomberg WPP Plc shares had their biggest drop in 17 years after the world’s largest advertising company cut its full-year revenue forecast amid lower spending by customers, in particular consumer-goods manufacturers. The stock fell as much as 13 percent after WPP said like-for-like revenue growth is expected to be between zero and 1 percent in 2017. That’s down from an ...

Bloomberg Surging demand for ‘Made in the Euro Area’ goods is feeding an economy that is creating jobs and finally also seeing price growth accelerate. A Purchasing Managers’ Index for manufacturing rose to 57.4 in August from 56.6 in July, according to IHS Markit. That’s the highest reading in two months and compares with a median estimate for a slowdown ...

Bloomberg The US tightened its financial restrictions on North Korea, slapping sanctions on Chinese and Russian entities it accused of assisting Pyongyang’s development of nuclear weapons and ballistic missiles. It’s also seeking millions of dollars it said moved through the US as part of the alleged scheme. Prosecutors in Washington DC, are seeking to recover $11 million from companies based ...

Bloomberg As world powers seek an endgame to Syria’s six-year war, Israeli Prime Minister Benjamin Netanyahu wants a seat at the table. Israel says Iran and its Lebanese proxy Hezbollah are working to entrench themselves militarily in neighboring Syria, where they’re backing Syrian government troops, and it’s rattled that a recent truce deal brokered by Russia and the US doesn’t ...

UNITED NATIONS / Reuters The United States wants to know if the United Nations atomic watchdog plans to inspect Iranian military sites to verify Tehran’s compliance with a 2015 nuclear deal, the US ambassador to the United Nations, Nikki Haley, said. Haley will meet with International Atomic Energy Agency (IAEA) officials in Vienna for what she described as a fact-finding ...

Bloomberg When US President Donald Trump accused Pakistan of continuing to provide a “safe haven to agents of chaos, violence and terror” it evoked memories of general lawlessness across the country in the years after 9/11 that drove investors from South Asia’s second-largest economy. While militants the US identifies as terrorists find refuge in Pakistan, safety within the nation has ...

Bloomberg Angolans began voting in an election that will bring about the first leadership change in almost four decades for Africa’s second-biggest oil producer. “D-day has arrived,” Domingos Francisco said on Wednesday as he stood in line behind dozens of voters outside a blue tent that served as a polling station in the Rangel neighborhood in Luanda, the capital. “I ...

Bloomberg Latin America’s airline industry is moving towards having just two dominant players serving the region and the world. Avianca Holdings SA says it can be one of these, boosted by its alliance with United Continental Holdings Inc. and a merger with a Brazilian airline. The carrier hopes to reach a commercial agreement this year with United, with the ultimate ...