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

Bloomberg Terrorism is entrenched in Southeast Asia and will only worsen as IS’s fortunes fade and foreign fighters skilled in bomb making and hijacking return from the Middle East, Singapore’s defense minister said. “When we talk about endemic threats we usually refer to threats like dengue or tuberculosis, which means that it’s here to stay, that despite years of effort ...

Bloomberg UK Prime Minister Theresa May’s inflexible position in negotiations to leave the European Union has made the task more difficult for Brexit Secretary David Davis, a former aide said in a BBC interview. James Chapman, who was Davis’s chief of staff until last month, said May’s ‘absolutist’ stance on ending the jurisdiction of the European Court of Justice over ...

Bloomberg Former US President Barack Obama pointed to the importance of the Paris climate accord while criticizing Donald Trump for pulling the world’s biggest economy out of the pact. Trump said last month he would withdraw from the pact and seek to negotiate a better deal, in a move that attracted widespread criticism from counterparts in Europe and elsewhere. The ...

Bloomberg A Tokyo election this weekend gives Japanese Prime Minister Shinzo Abe a chance to stop the bleeding from a series of recent scandals that hurt his popularity. Polls indicate that his Liberal Democratic Party (LDP) risks losing its position as the largest party in the capital’s assembly on Sunday to a group led by Governor Yuriko Koike, who resigned ...

In the capital of Iraqi Kuridstan, the mood is ‘Kurdistan First’ with the announcement of a referendum on independence in September. In Moscow, where I visited a few weeks ago, it’s ‘Russia First,’ with a vengeance. And so it goes, around most of the world. The politics of national self-interest is on steroids these days. For global leaders, it’s the ...

Now that Toshiba Corp. has chosen the preferred buyer for its chip unit, Japan Inc. needs to watch exactly what the new owner will do with the business. No doubt partnering with influential local names strengthened the hand of Bain Capital Private Equity LP in beating out rivals such as Western Digital Corp., Broadcom Corp. and Foxconn Technology Group. Any ...

The House is working on the military budget for 2018, and the Pentagon is not pleased. Not only does the plan fall short of the “historic” boost in spending promised by President Donald Trump, but the proposal doesn’t even include one of the military’s own suggestions for saving money. There’s a reason for that: The Pentagon’s proposal — a new ...

Europe’s latest move against Google — a record $2.7 billion (2.4 billion euro) fine for anti-competitive behaviour — is understandable but ill-advised. For the sake of a questionable theory, it risks causing an escalating quarrel. The European Commission accused Google of putting sites that compare prices for goods and services at an unfair disadvantage on its search pages. Years of ...

Very little was expected in India from Prime Minister Narendra Modi’s visit to the US, and for good reason: Modi had gone out of his way to cultivate a personal relationship with Barack Obama, including famously pouring out a cup of tea for him and the cameras when Obama visited India. Modi is nothing if not a strong personality, and ...

Alibaba Group Holding Ltd. upping its stake in Lazada Group SA looks like a great deal for sellers of the latest 32 percent interest. Parties including Rocket Internet SE and Investment AB Kinnevik are among the winners, managing to wring a 59 percent increase in price since Alibaba took its first 51 percent shareholding in the Southeast Asian e-commerce player ...