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

  Warsaw / AFP Troops hit the ground in Poland on Tuesday as Warsaw kicked off its largest-ever joint military exercises with its NATO allies, aimed at shoring up regional security amid the West’s worst standoff with Russia since the end of the Cold War. The two-week long Anaconda manoeuvres are aimed at “checking the alliance’s ability to defend its ...

  Saint-Denis / AFP At least five people were killed and two others seriously injured in a building fire in a suburb of Paris, the fire service said. A further nine people had less serious injuries following the blaze in Saint-Denis, to the north of the French capital, a spokesman said. Firefighters at the scene were unable to identify the ...

  Athens / AFP Dozens of asylum seekers set fire to a migrants’ centre on the Greek island of Chios, angry that they were being kept there, a police source said. Some 40 asylum seekers set fire to two large tents set up by humanitarian groups as well as dustbins at the Souda centre, the source said, in protest at ...

  Los Angeles / AFP Hillary Clinton captured the Democratic White House nomination hours before Tuesday’s last major primaries of 2016, according to US delegate counts, taking a monumental step toward becoming America’s first female commander-in-chief. Passing the milestone of 2,383 delegates secures Clinton’s status as the presumptive nominee, and marks a dramatic political resurgence for a highly experienced but ...

  YANGON / AFP A BBC reporter in Myanmar has been jailed for three months with hard labour after being convicted of assaulting a police officer while covering a student protest, his lawyer said on Tuesday. The ruling marks the first time a journalist has been convicted under Myanmar’s new government, run by former political prisoner Aung San Suu Kyi. ...

  CANBERRA / AP Australia’s prime minister and opposition leader have agreed to hold the country’s first-ever online election campaign leaders’ debate. Prime Minister Malcolm Turnbull said Tuesday that he had reached an agreement with Facebook and News Corp. Australia to stream the debate early next week in a bid to reach more voters. Opposition leader Bill Shorten later agreed ...

  Caracas / AFP Venezuela’s opposition held new protests, seeking to convert widespread anger over food shortages and economic havoc into pressure for a referendum on removing embattled President Nicolas Maduro. Clad in the red, yellow and blue of the Venezuelan flag, hundreds of opposition supporters rallied on a square in eastern Caracas, brandishing messages aimed at the allegedly pro-Maduro ...

  Bloomberg Argentina’s President Mauricio Macri will send a public private partnership bill to Congress in the coming weeks that will increase the country’s financing capacity by as much as $90 billion, according to his top adviser on foreign investment. The bill will allow the government to speed up its investment in infrastructure while providing legal guarantees for private sector ...

  Bloomberg Last week’s tepid jobs report may have dominated financial headlines in the U.S., but the oil market quietly had some better news for the American economy. The U.S. petroleum trade deficit, the gap between the value of imports and exports, shrank to a seasonally adjusted $3.13 billion in April, the Census Bureau said on June 3. That left ...

  Bloomberg YPF SA, Argentina’s state-controlled energy firm, named Total SA managing director Ricardo Darre as chief executive officer to lead the country’s biggest company. Darre, the head of the U.S. exploration and production unit since August 2014 at France’s largest oil company, will start July 1, according to an e-mailed statement from Buenos Aires-based YPF. “With the incorporation of ...