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

  United Nations/ AFP Ban Ki-moon left the door open to possibly running for president of South Korea in his final press conference as United Nations secretary general, noting that the country is “in turmoil”. Ban, a South Korean citizen who leaves his current post at the end of the year, was at first evasive when asked Friday about his ...

  The news media have been abuzz for a few weeks about the proliferation and effect of fake news. Facebook Inc. is changing how it handles news from dubious sources, while Twitter Inc. is rethinking how to respond to bots promoting fabricated articles. Alphabet Inc. (Google) has rejiggered its algorithms to fight phony stories. All of which raises some very ...

  Hong Kong property investors thought they could pick up pennies in front of the steamroller called the Federal Reserve. No longer. US short-term rates were climbing hard even before Donald Trump’s victory. Interbank liquidity in the city was more than abundant, however, thanks to capital fleeing a weakening Chinese currency to the safety of the pegged Hong Kong dollar.All ...

  The unemployment rate is down to 4.6 percent, which sounds pretty good. But the unemployment rate doesn’t count people who’ve given up looking for jobs, which is why the employment-to-population ratio, especially the ‘prime-age’ ratio for those 25 through 54, may be a better measure of the health of the labor market. After I wrote about this metric, several ...

  Bloomberg Deutsche Lufthansa AG and Etihad Airways PJSC of Abu Dhabi agreed to share seat sales in the first step of what could be deeper cooperation between the former adversaries. The two airlines will initially code-share on Etihad’s twice-daily flights linking Abu Dhabi with Frankfurt and Munich, and the German carrier’s services connecting Frankfurt with Rio de Janeiro and ...

  London / AFP German discount supermarket group Lidl announced plans to create 5,000 new jobs in London as part of a major investment programme in Britain, where it is enjoying rapid growth. The food retailer said it will open 250 shops in the capital after unveiling a three-year, £1.5 billion ($1.9 billion, 1.8 billion-euro) investment plan last year that ...

  Bloomberg Deliveries to China by Boeing Co., the largest U.S. exporter, support approximately 150,000 American jobs every year, Vice Chairman Ray Conner said. Chinese customers are expected to take delivery of 30 percent of all its top-selling 737 models and about 25 percent all aircraft produced in Washington State and South Carolina, Conner said Thursday at a National Committee ...

  Bloomberg Cathay Dragon, the sister carrier of Hong Kong’s Cathay Pacific Airways Ltd., is considering replacing all its 23 Airbus Group SE single-aisle jets as the airline proposes to modernize its narrowbody fleet. The airline has initiated a so-called request for proposal as it seeks to upgrade its 15 A320 and eight A321 aircraft, it said in an e-mail. ...

  Bloomberg A surge in demand for Mediterranean holidays suggests Britons are coming to terms with a weaker pound and the threat of terrorist attacks, according to Monarch Airlines Ltd., the UK’s second-biggest leisure carrier. Vacation bookings for summer 2017 are up 40 percent, Monarch reported. While the increase may have been enhanced by lower sales during this year’s peak ...

  RELAXNEWS A new year inevitably brings change, and 2017 will be no exception in the fashion world, as new runway talent breaks through and models already on the scene continue their rise to fame. So which upcoming model will catch the eye of brands and designers this year? And who will be the most bookable name at the next ...