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

  A pipeline in North Dakota has become a rallying cry for protesters seeking to stop new fossil fuel projects. Their goal — reducing emissions — is the right one, but their methods —opposing and sabotaging pipelines — are wrong. Climate Change Maybe the pipeline, which once completed would carry oil to a shipping terminal in Illinois, needs to be ...

  South Korean President Park Geun-hye is in the middle of a political scandal that may lead to her impeachment. It centres on Choi Soon-sil, a shadowy confidant of the president, accused of using her personal ties with Park to coerce local firms to donate millions of dollars to non-profit foundations Choi set up and then used for personal gain. ...

  One week after India’s sudden declaration that 500- and 1,000-rupee notes were no longer legal tender, the economy is in chaos. And that’s perhaps because the policy was designed as much to shock and awe observers with the government’s command of the Indian economy as to control India’s “black money” problem. What seemed at first to be a masterstroke ...

  Jack Rivkin, who introduced many of the innovative research practices that eventually became commonplace at Wall Street’s biggest firms, passed away last week. He was 76. He was a warm and witty observer of the investment business, and was best-known for his work running Shearson Lehman Brothers’ research department. He also served as chief investment officer of Neuberger Berman, ...

  This year has been full of news about the slowing or perhaps even end of globalization. The main evidence is that global trade volumes appear to have stopped rising, something that hardly ever happens outside of a recession. Still, if you step back a little, you can make a case that the globalization train is still chugging — slowly ...

  Bloomberg United Continental Holdings Inc. is looking to create a more varied economy class with offerings for budget travellers, bigger spenders and those in between. The airline will begin selling its ‘basic economy’ fare in January, wooing passengers who want the cheapest tickets and are willing to forgo most other privileges. Those fliers will board last and won’t be ...

  Bloomberg United Continental Holdings Inc. will defer delivery of 61 of Boeing Co.’s smallest passenger jets as the airline seeks to close its profit gap with Delta Air Lines Inc. and American Airlines Group Inc. United plans to convert the order to the larger, newer Boeing 737 Max to be delivered at an undetermined date, slowing near-term capacity growth ...

  Bloomberg Hugo Boss AG said it won’t return to growth until 2018 as Chief Executive Officer Mark Langer embarks on a turnaround plan for the ailing German fashion house that includes eliminating brands, slowing down store expansion and selling more online. The retailer said 2017 will be a transition year as it reorganizes its wholesale unit that sells to ...

  Bloomberg Here’s one area where Wal-Mart Stores Inc. is handily beating Amazon.com Inc.: telling shoppers what ingredients are in the products they’re buying. That’s the conclusion of a scorecard that ranks major retailers’ policies on harmful chemicals. Wal-Mart holds the top spot, followed by Target Corp. Amazon occupies last place in the study, which is scheduled to be released ...

  San Francisco / AFP German-based hotel booking site trivago, controlled by US online travel giant Expedia, filed for a public share offering in New York. The firm founded in 2005 which aims to connect travellers to hotels at the lowest rate is used for booking at 1.3 million hotels in over 190 countries, and has 55 localized websites and ...