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

Bloomberg Ericsson AB cautioned that turning around the beleaguered phone-equipment maker will require even steeper cost cuts, testing the patience of investors who sent the stock tumbling the most this year. Ericsson fell as much as 11 percent to 54 kronor in Stockholm after the company posted a second-quarter loss and warned that a faltering market amid technology shifts could ...

Bloomberg The UK housing market will cool this year as uncertainty around Brexit hits the economy, according to PricewaterhouseCoopers LLP. Home-price inflation will slow to 3.7 percent from 7 percent in 2016, and London will be the most severely impacted, PwC said in a report published Tuesday. The changes reflect the wider economic picture as inflation and Brexit take their ...

Bloomberg Oracle Corp. is hiring 1,000 employees in Europe, the Middle East and Africa as it expands its cloud computing services in the region. The company is looking for workers with between two to six years of experience to staff sales, management, finance, recruitment, marketing and human resources roles for its cloud computing service, Oracle said on Tuesday. The Redwood, ...

Bloomberg Mahindra, the Indian cars-to-technology conglomerate, plans to boost US investment as it prepares for the prospect that President Donald Trump will cut quotas for the H-1B visas needed to service clients at its outsourcing business. US investment and employment will be doubled in five years, said Pawan Goenka, managing director at automaker Mahindra & Mahindra Ltd. Mahindra has already ...

Bloomberg Tesla Inc. moved to diversify a board that some investors have complained is too closely tied to Chief Executive Officer Elon Musk, adding two executives from major media companies. James Rupert Murdoch, the CEO of Twenty-First Century Fox Inc., and Linda Johnson Rice, the chairman of Johnson Publishing Co., joined Tesla’s board effective Thursday, according to a filing. Murdoch ...

The Great Recession, and the financial crisis that preceded it, were such enormous and terrible events that they occupied most of our economic thinking for a decade. But now that the smoke has cleared and the economy has returned to a semblance of normality, we’re starting to think more about long-term trends. And evidence is mounting that the Great Recession ...

Oh no, no, no. That old time fire is gone. It’s not so much things you say, love. It’s what you don’t say I’m afraid of —Neil Diamond (I Got the Feelin’) Infosys Ltd. struck a cheery note with its June quarterly results. But then, what option did it have? The management of the Indian software exporter is buffeted by ...

In President Donald Trump’s latest effort to wall the U.S. off from the rest of the world, his administration has ditched a plan to make it easier for successful foreign entrepreneurs to come and work in America. The decision may play well with the president’s nationalist base, but it will not help the U.S. economy. The administration has delayed (and ...

Almost overnight, it seems, the decade-long expansion of rooftop solar in the US has come to an end. Installations are set to fall by 2 percent this year, according to Bloomberg New Energy Finance. Partly to blame is a widening campaign to end a key customer incentive, homeowners’ ability to sell their extra energy back to the grid at retail ...

Paradigm shifts do not come often in economics. From Adam Smith to John Maynard Keynes, there is only a handful of scholars who can claim to have radically changed the way we think about how markets should work and what governments can do to improve their functioning. One such moment came almost 50 years ago when Milton Friedman delivered his ...