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

  Bloomberg US stocks fluctuated near all-time highs after rising in nine of the past 10 days, while Treasuries advanced as investors awaited Federal Reserve meeting minutes for clues on the pace of tightening. The euro extended declines political risk in the region increased. The torrid gains in American equities stalled on a day with few earnings reports and data ...

  Bloomberg Airbus Group SE booked new charges against the delayed A400M military-transport plane and warned that cost overruns will extend into 2018 at least, overshadowing company forecasts for increased earnings this year. Europe’s biggest planemaker announced a 2.2 billion-euro ($2.3 billion) hit to cover the cost of the latest glitches to afflict the troubled troop carrier and asked government ...

  Bloomberg India’s airlines have ordered about 850 planes valued at about $85 billion in recent years. SpiceJet Ltd., a budget carrier, says that’s still not enough to meet demand. SpiceJet, which last month ordered as many as 205 Boeing Co. jets worth $22 billion, is being rather conservative with its purchases, the carrier’s chairman Ajay Singh told a Bloomberg ...

  Bloomberg McDonald’s Corp., reeling from an industrywide restaurant slump and slowing growth from its all-day breakfast push, is looking to beverages to help perk up the business. The world’s biggest food-service company, which last year focused its advertising on cheeseburgers and chicken sandwiches, plans to offer $1 sodas and $2 McCafe specialty drinks across the U.S. It’s turning to ...

  AP A navigation error has forced SpaceX to delay its shipment to the International Space Station. SpaceX’s supply ship, the Dragon, was less than a mile from the orbiting outpost Wednesday when a problem cropped up in the GPS system. The approach was aborted, and the Dragon backed away. NASA says neither the station nor its six-person crew was ...

  Bloomberg Telkom SA SOC Ltd. is considering a bid of as much as $1 billion for South African wireless operator Cell C Pty Ltd., which has missed debt payments and is trying to complete a recapitalization, according to three people familiar with matter. Investment banks are also approaching other potential bidders with the firepower to take on the deal, ...

  BOSTON / AP A circus is under fire for bringing back animal acts a year after earning praise from animal rights groups for dropping them to keep up with changing public attitudes. The Melha Shrine Circus, which has seven performances over four days scheduled for May in western Massachusetts, brought back performing elephants, tigers and dogs because that’s what ...

  JOHANNESBURG / DPA One of the most damaging pests in North and South America has reached Africa and is threatening the maize crop in many countries there. Experts are also warning that the fall armyworm (Spodoptera frugiperda), the larva of the fall armyworm moth, could soon spread from Africa across the Mediterranean to southern Europe. “Whether this year, next ...

  Bloomberg President Donald Trump’s plan to round up and deport millions of undocumented immigrants is likely to trigger waves of lawsuits that may soon dwarf the legal fight over the administration’s temporary ban on travelers from seven Muslim majority countries. The Department of Homeland Security is pushing ahead with what the American Civil Liberties Union (ACLU) calls a “hyper-aggressive ...

  MOSCOW / AP The Russian military received a sweeping array of new weapons last year, including 41 intercontinental ballistic missiles, and the wide-ranging military modernization will continue this year, the defense minister said on Wednesday. Minister Sergei Shoigu told lawmakers the air force will receive 170 new aircraft, the army will receive 905 tanks and other armored vehicles while ...