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

  Bloomberg European competition authorities may be formally notified of 21st Century Fox Inc.’s bid for the rest of Sky Plc in March at the earliest, setting off reviews of the $14.5 billion deal, according to a person familiar with the matter. The companies’ filing to the EU allows regulators to check whether the deal might harm competition. It would ...

  Bloomberg The price of power for delivery on Christmas Day in Germany turned negative as a surge in wind generation is forecast to boost supply. Prices may be below zero for hours or even whole days during the holiday season as German wind output is predicted to climb to near-record levels and temperatures are set to increase more than ...

  Bloomberg The US economy expanded more than previously reported last quarter on bigger contributions from a range of factors including services spending, intellectual property and construction by state and local governments. Gross domestic product rose at a 3.5 percent annualized rate in the three months ended in September, compared with a prior estimate of 3.2 percent, Commerce Department figures ...

  Bloomberg Honda Motor Co. said it is talking to Waymo, the autonomous driving unit of Google parent Alphabet Inc., to try to strike a deal that would put its self-driving technology into some of the Japanese automaker’s cars. Both companies stressed that the talks are about research, rather than full production vehicles, at this point. If all goes well, ...

  Bloomberg We already have smartphones, smartwatches, smart lights, smart ovens and smart TVs, and at CES 2017, Miliboo Corporation will be hoping that the smart mirror will be the next gadget to make a connection with consumers. Crowdfunding sites Kickstarter and Indiegogo are littered with failed attempts to take smart mirrors mainstream, but where others have stumbled, Miliboo believes ...

  New York / AP The latest Yahoo hack exposed personal details from more than 1 billion user accounts, the largest known data breach in history. Despite the size of the break-in, which apparently dates back to August 2013, attackers don’t appear to have accessed obviously sensitive information such as financial data or Social Security numbers. Here’s how the Yahoo ...

  Relaxnews LG is bringing five new handsets of different shapes and sizes to January’s consumer technology extravaganza that all have two things in common: they’re focused on premium features but at an affordable price point. The new phones are, according to LG, a genuine effort to bring a host of flagship features, such as fingerprint scanners and latest generation ...

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) signed a Memorandum of Understanding (MoU) with China Council for the Promotion of International Trade, to establish a long term partnership, involving economic collaboration in various sectors. The MoU, which aim to enhance Sharjah’s ties with international trade partners, will pave the way for a unique and mutually ...

  ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD) explored new ways of collaboration and cooperation with Maldives at a meeting between Mohammed Saif Al Suwaidi, Director-General of ADFD and the non-resident Ambassador of Maldives to the UAE, Abdullah Hamid. The meeting, attended by ADFD’s senior management, highlighted joint endeavours, opportunities and partnerships within the islands, to ...

  DUBAI / WAM Emirates Global Aluminium (EGA) and GE Power signed a Memorandum of Understanding (MoU) to work together on a 100-day programme to reduce EGA’s nitrogen oxide (NOx) emissions under the UAE Government Accelerators programme. Abdulla Kalban, Managing Director and Chief Executive Officer of EGA, and Joseph Anis, President and Chief Executive Officer, Power Services for the Middle ...