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

  NEW TAIPEI CITY / AP Commercial fishing boat owners in Taiwan, one of the world’s biggest seafood exporters, face strict rules and potential fines under a new law aimed at preventing overfishing and protecting migrant crewmembers who work far at sea with little oversight. The Distant Water Fisheries Act, which takes effect Jan. 15, 2017, comes amid growing pressure ...

  Birmingham / AFP Prime Minister Theresa May threw down the Brexit gauntlet to Brussels on Wednesday in a speech calling for “maximum freedom” in Europe’s single market despite a backlash against her hard line on immigration. May’s address to the Conservative party conference came as the pound plunged on currency markets and amid growing criticism of proposals to make ...

  Bloomberg Prime Minister Theresa May’s government has ruled out paying contributions to the European Union budget to allow British companies access to the single market, according to a senior aide to Brexit Secretary David Davis, who gave the most specific outline yet of the U.K.’s “red lines” in the coming negotiations to leave the EU. The government’s Brexit department, ...

  Ottawa / AFP Canadian regulators are failing to monitor the country’s nuclear power plants properly and such safety lapses are unacceptable, an official said Tuesday. Canada has four nuclear plants with a total of 19 reactors in Ontario and New Brunswick provinces. They provide about 17 percent of the nation’s electricity. Regulators have carried out inadequate and irregular inspections, ...

  Washington / AFP US online giant Amazon on Wednesday launched a new “Prime Reading” program for US members of its subscription program, allowing unlimited reading of a rotating selection of e-books. “Prime members can now enjoy unlimited reading from a rotating selection of books, magazines, comics and more — at no additional cost,” the online retail giant said in ...

The Hague / AFP The UN’s highest court on Wednesday narrowly threw out landmark cases brought by the tiny Marshall Islands against India, Pakistan and Britain for allegedly failing to halt the nuclear arms race. In majority decisions, the 16-judge bench at the International Court of Justice (ICJ) ruled there was no evidence that Majuro had had a prior dispute ...

  Brussels / AFP World powers pledged billions of dollars for war-ravaged Afghanistan until 2020 at talks in Brussels on Wednesday amid fresh calls for the Taliban to make peace 15 years after they were driven from power. Afghanistan’s President Ashraf Ghani met officials from more than 70 countries and international groups, including US Secretary of State John Kerry and ...

  London / AFP Nigel Farage on Wednesday ruled out returning to head up Britain’s anti-EU UK Independence Party, a day after its newly nominated leader Diane James resigned suddenly just over two weeks into her new job. “Not at all. I’ve done my job,” Farage said when asked by Sky News about the possibility of returning. “It is time ...

  Moscow / AFP President Vladimir Putin on Wednesday appointed former prime minister and long-term nuclear chief Sergei Kiriyenko to the key position of deputy head of his presidential administration. The appointment is the latest in a broader reshuffle by the Russian leader that has seen some of his top allies shifted. The Kremlin published a decree on the appointment ...

  United Nations / AFP The race to become the next UN chief takes a decisive turn on Wednesday when the big powers at the Security Council will for the first time indicate which candidates they are prepared to block. During the sixth straw poll to pick the new secretary-general, Britain, China, France, Russia and the United States will use pink ...