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

  Panama City / DPA Residents of Panama City are unlikely to say anything good about Henry Morgan, the well-known pirate who planned to stage his biggest raid there in 1671. With 1,800 men, he went from the mouth of the Chagres River, in the Caribbean, to Panama City on the Pacific Ocean, hoping to steal the gold and silver ...

  AFP China’s growth slipped to a seven-year low of 6.6 percent in the third quarter, according to a survey, despite ample stimulus and a red-hot property market in the world’s second-largest economy. The median forecast for expansion in gross domestic product (GDP), based on a poll of 18 economists, represents an easing from the second quarter’s 6.7 percent. It ...

  Bloomberg China will continue to relax policies designed to shrink its coal production capacity by allowing some mines to boost output to cool rising prices, according to Australia’s Whitehaven Coal Ltd. The world’s biggest producer and user of the fuel may increase the number of days of production allowed at “better mines” while limiting activity at less efficient ones, ...

  Bloomberg Zinc, this year’s best performing metal, has the potential to extend gains to the highest level since 2011 because of a shortfall in ore production, assuming that Glencore Plc doesn’t restart idled mines, according to Japan’s biggest producer. Prices could advance to $2,500 a metric ton by March because of “super tight” ore supply after companies cut output, ...

  Bloomberg China plans to plug a regulatory gap and begin overseeing low-speed electric vehicles used mainly in the country’s rural areas, legitimizing a market segment that dwarfs sales of regular battery-electric cars made by the likes of BYD Co. and Tesla Motors Inc. Under the current regulatory framework, there are no rules governing the production and sale of electric ...

  Bloomberg United Continental Holdings Inc., longtime laggard of US airlines, is up 41 percent since late June as investors buy into the troubled carrier’s promise of an imminent turnaround. The next five weeks may tell if that faith is well-placed. United’s new president, Scott Kirby, an airline industry star — plucked soon after he parted ways with American Airlines ...

  Bloomberg J Sainsbury Plc will open Argos branches or collection points inside almost all of its stores, as the U.K. grocer detailed how it plans to integrate the catalog retailer it acquired last month. “Over time, we envisage that there won’t be a single Sainsbury’s shop, with the exception of some very small convenience shops, where you won’t either ...

  Milan / AP Italy’s flagship airline Alitalia has banned the Samsung Galaxy Note 7 smartphone on all flights effective immediately, following an emergency order prohibiting the phone on flights in the United States. The airline said in a statement Saturday that it imposed the ban based on the U.S. Department of Transportation’s emergency order “to guarantee maximum security standards.” ...

AP Supervalu Inc. agreed to sell the Save-A-Lot grocery chain to Canada’s Onex Corp. for $1.37 billion in cash and will use the proceeds to repay debt. As part of the deal, Supervalu will provide services such as payroll and merchandising technology to Save-A-Lot for five years, the Minneapolis-based company said. The company expects to complete the deal by Jan. ...

  Bloomberg PepsiCo Inc. ramped up its pledge to reduce the number of sugary beverages it sells over the next decade as governments increasingly tax soft drinks and fruit juices in an attempt to reduce obesity and diabetes. At least two-thirds of the company’s beverage volume will have no more than 100 calories from added sugars per 12-ounce serving by ...