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

  British Prime Minister Theresa May announced during the ruling Conservative party’s annual meeting on Sunday that the UK will start the Brexit process before April 2017. There has been mounting pressure on her to expedite the departure from the European Union. Since she assumed office, May had been playing her cards close to her chest — being quite ambiguous ...

  It seems like forever we’ve been hearing about the decline of the Rust Belt, and people migrating to the West Coast. But why? Why did manufacturing decline in the Midwest? Why are rents so high in California, and house prices surging in the Pacific Northwest? Why does the U.S. population continue to move slowly from East to West? Part ...

The New York Times reported that advisers to Donald Trump “plan to more rigorously prepare him for his next face-off with Hillary Clinton by drilling the Republican nominee on crucial answers, facts and counterattacks, and by coaching him on ways to whack Mrs. Clinton on issues even if he is not asked about them.” Good luck, guys. Debates are correctly ...

  If you’ve ever wondered how Secretary of State John Kerry’s understands diplomacy, the waiting is over. On Thursday, at the Aspen Institute’s Washington Ideas Forum, Steve Clemons of the Atlantic pried it out of America’s top diplomat: What exactly is the “John Kerry secret sauce?” There are interests and values, Kerry told the audience. “You may have tension with ...

  AFP Even by the fraught standards of global aviation, 2016 has been tough for Turkish Airlines. In June, its main hub Ataturk International Airport in Istanbul was hit by suicide bomb attacks blamed on jihadists, and then on July 15 putschists seeking to oust President Recep Tayyip Erdogan tried to take control of Ataturk. Both incidents caused the temporary ...

  Bloomberg Starbucks Corp. said its move to put stores in low-income areas such as Ferguson, Missouri, hasn’t been a money-losing endeavour. The three locations open so far as part of the project have been profitable, said Rodney Hines, director for community investments for Starbucks’ U.S. retail operations. And the company is unveiling a fourth cafe on Wednesday on the ...

  Bloomberg Mitsubishi Aircraft Corp., a unit of Mitsubishi Heavy Industries Ltd., may delay the delivery of its MRJ regional jets to its first customer ANA Holdings Inc. due to the possibility of some technical modifications to the aircraft, the Japanese carrier said. The builder of Japan’s first home-made passenger jet informed of the possibility of such a risk late ...

  Bloomberg Delta Air Lines Inc. would give its pilots a 30 percent raise over four years under an agreement in principle with the aviators’ union, potentially paving the way for a new contract after a nine-month standoff. The increase includes an 18 percent gain retroactive to Jan. 1, according to a union memo sent Friday, which was obtained by ...

Bloomberg Boeing Co. is nearing an agreement with Qatar’s flagship airline for a multibillion-dollar commercial jet order, following U.S. approval of a long-stalled sale of F-15 fighter jets to the Persian Gulf nation. Qatar Airways is in late-stage talks to acquire at least 30 Boeing wide-body jets and would take 787 Dreamliner and 777 models, said the people, who asked ...

  Bloomberg Australian steel and iron ore producer Arrium Ltd. may face costs of as much as A$40 million ($30.6 million) following storms that caused blackouts and forced BHP Billiton Ltd. to halt its Olympic Dam copper operation. Arrium’s steelworks in the south-coast town of Whyalla and the mining of iron ore to feed the mill have been halted since ...