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 overwhelmingly opposed to Britain walking away from talks to leave the European Union without a deal, a survey by the British Chambers of Commerce shows. More than a third of businesses want the UK to stay in the EU single market and customs union, according to the poll of 2,400 firms published on Monday. Almost 30 ...

Bloomberg Carillion Plc plunged the most on record after the British construction company said first-half profit will be lower than expected, dividend payments will be suspended and the chief executive officer has stepped down. Cash flow from some projects has deteriorated, and the board will review all of the company’s major contracts with the help of KPMG, Carillion said in ...

Some American history museums belabor visitors with this message: You shall know the truth and it shall make you feel ashamed of, but oh-so-superior to, your wretched ancestors. The new Museum of the American Revolution is better than that. Located near Independence Hall, it celebrates the luminous ideas affirmed there 241 Julys ago, but it does not flinch from this ...

Nationalism minus chauvinism. That’s how Indonesia wants to deal with FANG. Facebook, Apple, Netflix and Google—the four horsemen of the digital economy—will get to play freely in the archipelago’s 260-million-strong consumer market, according to communications and information technology minister Rudiantara. The minister, who uses only one name, has no airy-fairy notions about national digital champions who’ll help keep Indonesian money ...

Britain’s government isn’t due to announce a new budget until the autumn, but debate is already raging over public-sector pay. With Brexit bearing down, the embattled prime minister, Theresa May, will have to choose between making another embarrassing U-turn and defending a policy that is both unpopular and unnecessary. Sadly for May, the U-turn makes better sense. For years it ...

Summer makes it easier for migrants to cross the Mediterranean, so Italy is struggling to cope with another influx of refugees. And like before, its European partners are doing too little to help. The Italian government is asking for a new approach, and it’s right: The EU should see this as a pan-European issue, requiring a pan-European response. More than ...

Checking out of a hotel in Kerala this week took so long that I almost missed my flight. It wasn’t the hotel staff’s fault; their work, temporarily, had been doubled. As a polite note in my room reminded me when I checked in, they would have to present two invoices to me when I left—one for the days prior to ...

The global bond and stock selloff has revived unhappy memories of the 2013 taper tantrum, when the Federal Reserve’s rumblings about removing stimulus shaved 17 percent off the value of emerging market stocks in less than two months. For the current difficulties you can partly blame risk-parity funds, which buy benchmark government bonds to hedge against stock portfolios. When bond ...

We sometimes take for granted that which is right before our collective noses. Creative destruction caused by technology is so rampant that it is practically a cliche. It is easy to ignore not only the speed at which disruption caused by technology is affecting society, but the acceleration in the pace of change. This acceleration and its effect on markets, ...

Bloomberg Technology shares drove gains in US equities, while natural gas and crude lifted commodities. The dollar strengthened with Treasuries as investors prepare to parse second-quarter earnings for more evidence global economic growth is back on track. The S&P 500 Index rose for a second day as tech shares rebounded from last week’s selloff. Trading was light, with the volume ...