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

  DEARBORN / AP Just because President Trump may weaken US fuel economy requirements, don’t expect gas guzzlers like the giant 13 mpg Hummer H1 to make a comeback. Executives from automakers and suppliers gathered at a conference outside of Detroit said looser fuel economy standards might allow for sales of more trucks in areas where they’re popular. But otherwise, ...

  Bloomberg Doritos or a Dodge Challenger? Carvana, an e-commerce platform for used cars, is opening a vehicle vending machine in San Antonio, which is exactly what it sounds like. The four-year-old startup already has similar contraptions in Austin, Houston, and Nashville. Standing eight stories tall, the site is essentially a small garage with room for 30 cars. When a ...

  Bloomberg With the future of Ford Motor Co.’s lagging luxury line riding on China, the automaker will expand its bet on the market by building a new Lincoln sport utility vehicle in the country in late 2019. The still-unnamed SUV would expand Ford’s foothold in one of the hottest segments in China, a country Chief Executive Officer Mark Fields ...

  BOSTON / AP Students are developing a virtual reality game based on James Joyce’s “Ulysses” as part of a class at Boston College. The goal of “Joycestick” is to expose new audiences to the works of one of Ireland’s most celebrated authors, as well as to give a glimpse of how virtual reality can be used to enhance literature, ...

  ABU DHABI / WAM The UAE financial markets closed with a profitability in weekend trading with heavy stocks, which strengthened their gains for the second straight session, amid continued buying by some corporations. The market value share gains traded by companies amounted to AED6.3 billion, according to official figures released after the close of trading. The general index of ...

  What we learned from the latest ‘score’ by the Congressional Budget Office (CBO) of Obamacare and the Trump administration’s ‘repeal and replace’ plan is what we should have known all along. To wit: If people have health insurance, they will use more health services — visits to doctors’ offices, more tests, procedures and drugs — and health spending will ...

  India’s generic drug-making industry is getting wheeled out of intensive care. But is it really going home? The US Food and Drug Administration this week lifted the import ban on a factory that Mumbai-based Sun Pharmaceutical Industries Ltd. inherited as part of its takeover of Ranbaxy Laboratories Ltd. The plant, in Punjab state, became the third owned by Ranbaxy ...

  After his party’s triumph in the state of Uttar Pradesh, India’s largest and most politically important, Prime Minister Narendra Modi now wields greater power than any Indian leader in a generation. He will need it if he wants to continue to reshape India’s economy. True, the results don’t drastically alter the math in the upper house of Parliament in ...

  The victory of Dutch Prime Minster Mark Rutte in the parliamentary election against anti-Islam, Eurosceptic Geert Wilders hammered a nail in the coffin of Europe’s misplaced populism. Initial results suggested Rutte’s party won 32 seats, 13 more than Wilders’ party 19 seats. Rutte’s good show and a disappointing defeat of Geert Wilders in the Netherlands election have invigorated traditional ...

  WASHINGTON / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, held separate meetings with Paul Ryan, Speaker of the US House of Representatives, and Ed Royce, Chairman of the House Foreign Affairs Committee, in Washington DC. During the two meetings, the parties discussed means of boosting joint bilateral relations between the two ...