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

  Are you someone who has faith in the power of free markets? Then you should naturally accept the evidence that human activity is bringing about climate change. Free and competitive markets work efficiently in large part because they are phenomenal information aggregators, gathering and sorting facts about consumer preferences and business production costs, and guiding market participants to engage ...

  Pearl Harbor / AFP The leaders of war-time enemies America and Japan made a poignant joint pilgrimage to Pearl Harbor, issuing symbolic declarations about the power of reconciliation and warning against the drumbeat of conflict. Seventy-five years after Japanese pilots brought war to idyllic Hawaii and dragged the United States into World War II, Japanese Prime Minister Shinzo Abe offered ...

Berlin / AFP German police on Wednesday detained a Tunisian national on suspicion of having ties to Anis Amri, the suspected Berlin truck attacker gunned down by Italian police last week, prosecutors said. “The deceased suspect Anis Amri had saved the number of this 40-year-old Tunisian national in his phone. The investigations indicate that he could have been involved in ...

  Vienna / AFP International observer body the Organization for Security and Co-operation in Europe (OSCE) confirmed on Wednesday being the victim of a “major” cyber attack. “Early November the OSCE became aware of a major information security incident,” OSCE spokeswoman Mersiha Causevic Podzic said via email. The attack “compromis[ed] the confidentiality” of the OSCE’s IT network and put “its ...

  Hong Kong / AFP Two ousted pro-independence Hong Kong lawmakers on Wednesday announced they were making a final bid to overturn a controversial Beijing-linked ban preventing them from taking up their seats in parliament. Yau Wai-ching and Baggio Leung were elected in citywide polls in September but deliberately misread their oaths of office during their swearing-in ceremony, inserting expletives and ...

  Dhaka / AFP Four Bangladeshi fishermen were injured when Myanmar’s navy allegedly opened fire on them while they were fishing along the countries’ troubled border in the Bay of Bengal, an official said on Wednesday. A group of 14 fishermen, four of whom have been hospitalised with bullet wounds, told coastguard officials that a Myanmar navy ship had entered ...

  New York / AFP The mother of Juana and Ines Alejandro took a deep breath, put on a brave face and handed her toddlers over to strangers at the Mexican border to be smuggled into the United States. That was 17 years ago. For the mother, going back to the poverty of her village in Oaxaca in Mexico was out ...

  Bloomberg Airbus Group SE’s struggles with its A380 superjumbo jet are deepening as the planemaker delays deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest customer. To make up for the financial drag from the tardier handovers, Airbus will accelerate cost cuts, according to an e-mailed company statement. The delay stems from an ...

  Bloomberg Delta Air Lines Inc. scrapped an order for 18 Boeing Co. widebody Dreamliner jets valued at $4 billion at list prices, a commitment that was inherited with the company’s 2008 merger with Northwest Airlines. Atlanta-based Delta reached an agreement with Boeing on the cancellation, without disclosing terms, according to a statement from the carrier. The airline is sticking ...

  Bloomberg China is looking to draw private investors, including those from outside the country, into its aerospace programme to supplement funding from the government for commercial satellite launches. Investment is welcome for commercial rocket development, satellite research, manufacturing and for applying aerospace technologies to public welfare, Wu Yanhua, vice minister of China National Space Administration, said at a press ...