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

  Moscow /AFP Suspects detained by Russian authorities were plotting simultaneous “Paris-style” attacks on Moscow and Saint Petersburg, local media reported on Sunday, the first anniversary of the massacre in the French capital. The FSB security service, the KGB’s successor, announced on Saturday it had detained 10 citizens of Central Asian states who planned “high-profile acts of sabotage and terror” ...

  Brussels / AFP The British and French foreign ministers were to miss special talks with their EU counterparts on Sunday to discuss Donald Trump’s stunning US election win in a sign of divisions over how to deal with the new president. European Union foreign policy chief Federica Mogherini summoned the ministers for dinner in Brussels after Republican Trump stormed to ...

  Istanbul / AFP Accusing Brussels of wanting Turkey to abandon its bid to join the EU, Turkish President Recep Tayyip Erdogan hinted in an interview published on Sunday he might put the question to a referendum. “The European Union is trying to compel us to withdraw from this (accession) process. If they don’t want us they should be clear ...

  Seoul /AFP South Korean prosecutors said on Sunday they would question President Park Geun-Hye this week over a snowballing corruption scandal involving a close friend that has triggered massive protests calling for her resignation. The scandal centres on Park’s shadowy confidant, Choi Soon-Sil, who is accused of using her ties with the president to strong-arm local firms into donating ...

  Hong Kong / AFP Thousands of people attended a pro-Beijing rally in Hong Kong on Sunday in support of China’s decision to effectively bar two pro-independence legislators from taking office, as fears grow of the city’s freedoms being under threat. Beijing’s ruling last week preempted a decision by the Hong Kong courts over whether lawmakers Baggio Leung and Yau ...

  Bloomberg What will Donald Trump actually do? It’s a question many Americans are asking themselves now that the US has wrapped up one of its least policy-specific elections ever. The president-elect has offered only the loosest of legislative prescriptions, including whatever plans he may have for the energy industry. The mystery hangs over turbine manufacturers like Vestas Wind Systems, ...

  Bloomberg U.K. Prime Minister Theresa May will respond to Donald Trump’s U.S. election victory by telling supporters of economic liberalization and free trade that they have to listen to the concerns of those who think such forces have more downsides than benefits. At the Mansion House in London on Monday evening, May will give her first major speech on ...

  Bloomberg When Europe sank into a debt crisis, cash flowed into Denmark. When Switzerland abandoned its peg, cash flowed into Denmark. And when Britain voted to leave the European Union, cash flowed into Denmark. But with a stock market heavily weighted toward trade, Denmark lost its allure in Donald Trump’s world. “Some of Donald Trump’s ideas are pretty negative ...

  Bloomberg Energy Transfer Equity LP said that it was mobilizing equipment in preparation to drill the final portion of its controversial Dakota Access crude pipeline, even as an Obama administration official said no decision has been made on the project. The pipeline giant can’t actually drill the final piece of the oil line beneath Lake Oahe in North Dakota ...

  Donald Trump, it seems, embraces the old dictum: Make no small plans. Already, he’s published an agenda for his first 100 days in office, recalling Franklin’s Roosevelt’s launching of the New Deal. Not surprisingly, near the top of Trump’s to-do list is a pledge to double economic growth from its recent desultory rate of 2 percent a year to ...