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

  AFP Tens of millions of stolen Twitter credentials evidently lifted from web browser programmes were put up for sale online, according to a search engine devoted to leaked data. Twitter was adamant that its computer systems had not been broken into by hackers, and that it was not the source of any account information being hawked on the Internet. ...

  AFP Chinese computer titan Lenovo showcased a series of new smartphones, including a keenly-awaited Tango handset and new Moto Z models that can be transformed into video projectors or powerful speakers. A market-ready PHAB2 Pro smartphone imbued with Google-created Tango augmented reality technology was given star treatment at a Lenovo Tech World gathering in San Francisco. PHAB2 can sense ...

Bloomberg Treasuries logged their biggest two-week gain since February as traders wagered that the Federal Reserve will forgo raising interest rates for months to come. Benchmark yields sank to the lowest since 2013, driven by investors seeking shelter in government debt amid global growth concerns and the threat of instability when the U.K. votes June 23 on membership in the ...

  Mexico / AFP In a historic first, Mexico’s struggling state-run Pemex energy company will team up with private firms for a deep-water oil project, officials said. Pemex will “farm out” the $11 billion Trion field in the Gulf of Mexico, which has potentially 480 million barrels of light crude, said company director general Jose Antonio Gonzalez Anaya. President Enrique ...

  Canada / AFP General Motors announced plans to hire 1,000 engineers and software developers at its Canadian research facilities near Toronto over the coming years to design new self-driving cars. “With this expansion, GM Canada will play an important role in our evolution toward vehicles that are connected, autonomous, shared and electric,” Mark Reuss, GM executive vice president of ...

  Bloomberg Puerto Rico lawmakers may vote as soon as Monday on a bill intended to help the island’s main water utility avoid a July 1 bond default by selling new debt with stronger repayment pledges. A conference committee approved the measure, said Rep. Rafael ‘Tatito’ Hernandez, sponsor of the legislation and chair of the House Treasury Committee. It would ...

  Agua Clara / AFP Panama has sent a giant, Neopanamax-class cargo ship through its canal to test expansion work costing billions of dollars and whose official opening is to be marked with a ceremony late this month. “The tests are going very, very well. We’re pleased,” Giuseppe Quarta, head of the Grupos Unidos por el Canal (GUPC) consortium behind ...

  AFP Suits worn over fishnet tops, tiny tailored shorts, loafers and sunburnt noses — Topman Design went to the British seaside for its latest collection on Friday, kicking off four days of men’s fashion in London. J.W. Anderson, Christopher Kane, Barbour and some of Savile Row’s top tailors are among those showing at this season’s London Collections: Men, the ...

  Relaxnews The Italian fashion house is the latest luxury label to present its Resort 2017 collection, which gives the signature style of Emilio Pucci a contemporary and eccentric flavour. The result is a collection splashed with bright, colorful patterns — echoing the brand’s historic style — and with light, flowing silhouettes that capture the season’s effortlessly chic vibe. A ...

  Relaxnews The Italian fashion house has joined a host of luxury brands in unveiling the shape of its pre-spring 2017 collection. The Resort 2017 preview has a distinctly urban feel, laced with sportswear and romantic influences. The starting point for this new collection from Donatella Versace is an imaginary coast-to-coast road trip in the USA, traveling from city to ...