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

  The Chinese New Year holiday is traditionally a time of gift-giving and celebration in the Middle Kingdom. This year, no one celebrates more than China’s President Xi Jinping. On Monday, Xi’s US counterpart signed an order withdrawing American support for the Trans-Pacific Partnership. The move fulfilled one of President Donald Trump’s central campaign pledges. Since the 12-nation free-trade pact ...

  With all the attention being devoted to the policy intentions and actions of President Donald Trump, there has been a lot less focus on this week’s four meetings at systemically important central banks — the Bank of England, the Bank of Japan, the Federal Reserve and the European Central Bank (though that meeting doesn’t involve monetary policy). Here are ...

  Consider the tragedy of a child killed by neglect and abuse. Now consider the tragedy of a child taken from parents who would not have criminally abused her. Which is worse? Computer algorithms might soon help humans make such difficult decisions — but only if we recognize the myriad ways in which they can go wrong. In countless cities ...

  It’s hard to remember India being anything other than a nuisance for Vodafone Group Plc. The group has taken writedowns of 6.6 billion pounds ($8.3 billion) on the asset since buying it in 2007, and got itself tangled up in a long tax fight with the Indian government. Lately it’s been gored by Mukesh Ambani’s Reliance Industries Ltd., whose ...

  Bloomberg President Donald Trump’s clash with Silicon Valley over immigration is about to become even more contentious. After the new president banned refugees and travelers from seven predominantly Muslim countries, Google, Facebook, Salesforce, Microsoft and others railed against the move, saying it violated the country’s principles and risked disrupting its engine of innovation. Trump’s next steps could strike even ...

  Bloomberg French growth accelerated in the fourth quarter as part of a wider economic expansion in the region that is fueling a debate about how quickly the European Central Bank should trim stimulus. Gross domestic product rose 0.4 percent in the October-December period, national statistics office Insee said. That matches the median estimate in a Bloomberg survey and compares ...

  Bloomberg Thousand of Google employees staged protests over President Donald Trump’s executive order on immigration, revealing rising tension between the technology industry and new administration. More than two thousand employees of Google parent Alphabet Inc. participated across several offices. At Google’s Mountain View, California, headquarters, Chief Executive Officer Sundar Pichai and co-Founder Sergey Brin — both immigrants — spoke ...

  Bloomberg US college endowments suffered their biggest loss since the financial crisis, dragged down by global stocks, hedge funds and natural resources, according to an industry survey released Tuesday. The 1.9 percent average loss reported by the National Association of College and University Business Officers and money manager Commonfund in Wilton, Connecticut, for the year ended June 30, compared ...

  Bloomberg Oil-services giant Halliburton Co. told employees to stay put. Another global oil company is reconsidering whether to place a crude trader in Houston. And universities that train energy workers across the country estimated that hundreds of students may be affected. Of all the energy sectors that may feel the pain of President Donald Trump’s order to temporarily ban ...

  Bloomberg For years the oil industry has appealed to the executive branch and courts to de-fang a US rule forcing Exxon Mobil Corp., Chevron Corp. and other producers to disclose their payments to foreign governments. Now, the Republican takeover in Washington is handling it for them. The House of Representatives is set to vote this week on killing a ...