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

  Bloomberg Palm oil inventories in Indonesia probably rose to a four-month high as supplies in the world’s largest producer neared a seasonal peak. Stockpiles climbed 12 percent to 1.9 million metric tons in September from 1.695 million tons in August, the highest since May, according to the median of seven estimates from analysts, refiners and plantation executives compiled by ...

  AFP The European Union gave Belgium until a leaders’ summit on Friday to approve a troubled free trade pact with Canada which has been blocked by its small French-speaking region of Wallonia. EU Trade Commissioner Cecilia Malmstroem said a planned visit by Canadian Prime Minister Justin Trudeau to sign the deal next week would not go ahead unless the ...

  WASHINGTON / AP Higher energy costs fueled U.S. consumer prices in September, but overall inflation remained in check as it has for the past several years. The Labor Department said Tuesday that consumer prices increased 0.3 percent last month. Much of that rise stemmed from energy, housing and prescription drugs. Energy costs surged 2.9 percent in September as oil ...

  Bloomberg American International Group Inc. agreed to sell commercial and consumer units in nations including Argentina and Turkey to Prem Watsa’s Fairfax Financial Holdings Ltd. for $240 million as Chief Executive Officer Peter Hancock narrows his company’s focus. Fairfax will also acquire renewal rights on the portfolio of business written by AIG’s Central and Eastern European operations in countries ...

  Bloomberg Walt Disney Co. decided not to pursue a bid for Twitter Inc. partly out of concern that bullying and other uncivil forms of communication on the social media site might soil the company’s wholesome family image, according to people familiar with management’s thinking. The producer of family fare like “Finding Dory” had gone so far as to hire ...

  Bloomberg Bridget Kelly learned about Musical.ly at a sleepover and was hooked. Before long, the 12-year-old Moraga, California, resident and her friends were using the app to make 15-second music videos showing off their acapella or lip-syncing skills. After school, they choreographed moves for their next music video and performed “duets” with favorite celebrities. Kelly is one of more ...

  Singapore / AFP A car taking part in the world’s first public trial of driverless taxis was slightly damaged on Tuesday when it collided with a lorry in Singapore, its operator said. No one was hurt in the accident in One North, a suburban research campus where the vehicle has been on a limited run since August, US software ...

  Relaxnews Sony has released a new interactive virtual reality game, based on the supernatural blockbuster film “Ghostbusters.” The game, titled “Ghostbusters VR – Now Hiring”, is available for purchase as an app on iOS and Android mobile platforms, with a price tag of $4.99 and also comes as a free addition with purchases of the 4K Blu-ray editions of ...

  Seoul / AFP Samsung Electronics said on Tuesday it would compensate suppliers hit by the decision to scrap its Galaxy Note 7 smartphones because of safety fears with exploding batteries. The South Korean electronics giant announced a week ago that it was discontinuing the Note 7 after a chaotic recall that saw replacement phones also catching fire. Samsung said ...

  Amsterdam / AFP Seals peep from Amsterdam’s famous canals, while rare bats huddle in the eaves of houses, next to nesting birds. Wildlife — of the animal kind — is on the rise in the teeming Dutch capital. More than 10,000 different animal species roam the city’s nooks and crannies, sharing space already packed with around 800,000 Amsterdamers and ...