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

  Any horror aficionado knows that the only good zombie is a dead zombie. Don’t risk trying to bring one back to life. It’ll just come back to bite you. Apparently, policymakers haven’t watched enough B-movies. Worried about layoffs and soured loans, governments and banks across Asia continue to dole out cheap financing and other support to keep failing firms ...

  The $1.8 billion stake that Tencent Holdings Ltd. has bought in Tesla Inc. should give some confidence to other investors, despite the carmaker’s ugly balance sheet. But it’s far more important for Tesla’s future prospects than for its current needs: Without it, the company could end up a global afterthought in the race to build the next wave of ...

  The world’s biggest coal exporter has a problem. Demand for the dirtiest fuel is on the wane. The International Energy Agency — which has tended to overestimate coal production, and underestimate renewables — doesn’t expect consumption to regain its 2014 levels until 2021. Investment in new mines is ‘drying up,’ according to its latest market forecast. That’s reflected in ...

  Bloomberg European shares advanced for a fifth day, while the pound retreated at the start of a busy week that includes a meeting between Xi Jinping and Donald Trump and culminates in the monthly US jobs report. The Stocks Europe 600 Index gained as much as 0.4 percent before paring the advance, while the euro was little changed after ...

  Bloomberg Shares in Abu Dhabi National Energy Co., the oil company known as Taqa, extended gains that drove them to a two-month high even after announcing a record earnings loss. The stock rose 7.7 percent to 0.56 dirham as of 10:32 a.m. in Abu Dhabi, adding to the previous day’s 13 percent advance. Trading volume was about 30 times ...

  Bloomberg Shares in the sister company of Godiva Chocolatier Inc. plunged in Istanbul after an April Fools’ Day-themed commercial went wrong. The confectioner, Ulker Biskuvi AS, faced an immediate and intense backlash to its 50-second animated clip, with protesters including a government lawmaker gathering outside President Recep Tayyip Erdogan’s Istanbul residence over the weekend. The politician, Metin Kulunk, said ...

  Bloomberg Japanese stock benchmarks advanced on their first trading day of the new fiscal year as industries focused on Japan’s domestic economy helped prop up the market. The Topix rose 0.3 percent, as foodmakers, retailers and telecommunications companies boosted the gauge. Defensive sectors were likely to be bought after an advance in their US counterparts, Shoji Hirakawa, chief global ...

  Emirates Business Despite sluggish global economic growth, low oil prices, ‘Trumponomics’ and Brexit, the UAE will lead Middle East passenger growth in 2017 with an annual increase of more than 6.3%, according to estimates from the International Air Transport Association (IATA). However, aviation-related discussions during Arabian Travel Market this year will no doubt be dominated by the recent US-led ...

  DUBAI / Reuters Etihad Airways’ bookings to the United States are healthy despite last month’s introduction of a ban on most electronics from the cabins of passenger flights to the United States, the Abu Dhabi carrier said on Monday. On March 25, the U.S. banned electronic devices larger than a mobile phone from passenger cabins on direct flights to ...

    Bloomberg A European Union probe into McDonald’s Corp. is entering its final stages after officials gathered information on whether the Big Mac maker unfairly benefited from a hefty tax break in Luxembourg, according to people familiar with the case. The European Commission may be moving ahead with a decision in the McDonald’s case before the EU’s summer break ...