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

  Bloomberg Intel Corp. Chief Executive Officer Brian Krzanich said the semiconductor maker will invest $7 billion to complete a chip factory in Chandler, Arizona, becoming the latest company to use a meeting with President Donald Trump to tout spending and job-creation plans that were already in place. Krzanich, speaking in the Oval Office, called the investment an expansion of ...

  Bloomberg Germany posted a record trade surplus in 2016, which may further fuel accusations by the Trump administration that Europe’s largest economy is exploiting a “grossly undervalued” euro. Exports climbed 1.2 percent last year to 1.2 trillion euros ($1.3 trillion), the Federal Statistics Office in Wiesbaden reported on Thursday, while imports rose 0.6 percent to 954.6 billion euros. That ...

  Bloomberg Home price gains accelerated in the fourth quarter, with increases reported in 89 percent of US metropolitan areas, as competition heated up for a record-low supply of listings, the National Association of Realtors said. The median price of an existing single-family home rose from a year earlier in 158 of the 178 areas measured, the group said in ...

  Bloomberg Nokia Oyj agreed to buy Comptel Oyj for 347 million euros ($370 million) to add technology that helps phone carriers manage their networks, part of a push into software and services as network-gear sales sputter. Comptel shareholders will get 3.04 euros a share in cash, Espoo, Finland-based Nokia said in a statement Thursday. That’s 29 percent more than ...

  Bloomberg Interest from UK house buyers slipped to a five-month low in January amid waning affordability and a diminishing supply of properties for sale. The Royal Institution of Chartered Surveyors said its measure of new buyer inquiries fell to 5 percent from 6 percent a month earlier. That came as instructions from sellers also declined, remaining in negative territory ...

  Bloomberg Thyssenkrupp AG, the German steelmaker in the midst of a corporate transformation, dropped the most in three months after reporting negative free cash flow widened in the first quarter. While the company posted better-than-expected fiscal first-quarter profit as steel prices recovered, negative free cash flow before mergers and acquisitions doubled to 1.74 billion euros ($1.86 billion) due to ...

  WASHINGTON / AP President Donald Trump’s extended criticism of the judiciary prompted a rebuke from his nominee for the Supreme Court, who told a senator the president’s comments were “demoralizing and disheartening.” Judge Neil Gorsuch, who was nominated by Trump to the nation’s high court last week, made the comments Wednesday after Trump accused an appellate court considering his ...

  MOSCOW / AP A member of a Russian hacking group involved in blackmailing top officials says that it had contacts with Russia’s top domestic security agency. Alexander Glazastikov said in an interview with independent Dozhd television aired on Thursday that the Federal Security Service, or FSB, had offered the Shaltai Boltai (Humpty Dumpty) group to work under its control. ...

  COPENHAGEN / AP Denmark’s cybersecurity agency sees Russia as “a leader” when it comes to hacking, saying that the country has for “a long time invested intensively in its cyber capabilities.” The Danish position is similar to that reached by others in the Nordic region where national security agencies recently have pointed fingers at Russia for illicit online activities. ...

  KABUL / AP An Afghan official says NATO drone strikes killed 11 IS militants, including two senior commanders, in the eastern Nangarhar province. Mohammad Hussain Mashraqiwal, a spokesman for the provincial police chief, identified the two commanders killed in Wednesday’s strikes as Mohammed Omar Sadiq and Omar Farooq, adding that another six people were wounded. US Navy Cpt. Bill ...