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

Bloomberg Anglo American Platinum Ltd. sees a surplus of platinum-group metals this year as demand from makers of jewelry and car catalytic converters drops, weighing on prices and adding to pressure on miners. Lower demand follows falling sales of diesel vehicles in Europe, which use platinum to cut pollution, and a slowing Chinese jewelry market, the Johannesburg-based company said in ...

Bloomberg Growth in the euro-region economy started the third quarter at the weakest pace in six months as manufacturing cooled. A composite Purchasing Managers’ Index fell to 55.8 in July from 56.3 in June, IHS Markit said on Monday. The figures indicate that gross domestic product is expanding at a 0.6 percent quarterly pace, compared with 0.7 percent in the ...

The aircraft arrayed around the spacious lawn of Maxwell Air Force Base, home of the Air University, mostly represent long-retired types. The largest, however, is a glistening B-52 bomber, which represents a still-employed component of the Air Force’s aging fleet: The youngest B-52 entered service in 1962. Sons have flown the same plane their fathers and grandfathers flew. But, then, ...

Reliance Industries Ltd’s (RIL’s) unexpected 1-for-1 bonus issue, which chairman Mukesh Ambani unveiled at the company’s 40th annual general meeting (AGM) on Friday, gave a further boost to shares that are already the second-best performing this year on India’s benchmark index. What’s interesting about the announcement, however, is the timing. The last time India’s most-valuable company gave one free share ...

Why is Chuck Schumer doing Donald Trump a favor? The Senate minority leader’s delaying tactics for the president’s nominees are not only uncalled for, but they also distract from the White House’s historic ineptitude at filling the senior ranks of government. So far, the Trump administration has made 163 fewer nominations than former President Barack Obama at the same point, ...

On the ground in Iraq and Syria, IS is on the brink of military defeat. Online, however, the group continues to incite its followers to violence, and victory there will take the same kind of sustained effort that anti-terrorist forces brought to the battlefield. The foremost challenge is to identify individuals susceptible to the terrorists’ messages and intervene before they’re ...

Donald Trump may not like it, but he can’t—so far— reverse two of Barack Obama’s signature accomplishments: the Affordable Care Act (ACA) and the Iran nuclear deal. In one emblematic, frustrating day, Trump both saw the failure of the Senate Bill to repeal and replace the ACA and was forced by his advisers to certify that Iran is in compliance ...

As local-currency bonds in Indonesia joined the recent global debt selloff, Aberdeen Asset Management Plc and Western Asset Management Co. had a simple strategy: buy more. The money managers see the nation’s securities, along with India’s, as the best bets to weather any selloff in emerging Asia as the European Central Bank prepares to join the Federal Reserve in paring ...

On the 48th anniversary of Neil Armstrong setting foot on the moon, an Illinois attorney hopes to pocket as much as $4 million at a Sotheby’s auction of a bag that Apollo 11 astronauts filled with rocks. The bag’s history is as interesting as its travels: the US government accidentally sold it in 2015, then fought the buyer, Nancy Lee ...

Bloomberg The euro headed for its first decline in three days as data showed the region’s economy cooling at the start of a week packed with corporate results and a Federal Reserve rate decision. Stocks were dragged down for a second day by carmakers amid a collusion probe. The common currency halted the advance that saw it hit a two-year ...