The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Dubai / Gulf Time Malaysia Healthcare, led by the Malaysia Healthcare Travel Council (MHTC), continues to pave the way as a leading healthcare travel industry provider during Expo 2020 Dubai. The Malaysian Pavilion was host to fruitful and productive B2B discussions between Malaysian players such as Thomson Hospital Kota Damansara, TMC Fertility and Women’s Specialists Centre, and healthcare representatives ...
Read More »TimeLine Layout
January, 2022
-
17 January
Russia rejects IEA charge it’s to blame for Europe gas crunch
Bloomberg Russia has nothing to do with the energy crisis in Europe, Deputy Prime Minister Alexander Novak said, rejecting allegations from the International Energy Agency this week that it’s holding back supplies and driving up prices of natural gas. “Neither Russia nor our main exporter Gazprom have anything to do with this,†Novak told state television, according to the ...
Read More » -
17 January
S Africa’s Eskom takes two atomic units offline
Bloomberg Eskom Holdings SOC Ltd., which supplies almost all of South Africa’s power, will take two of the continent’s largest generating units offline this year for maintenance, increasing the risk of power cuts after the nation had record outages in 2021. The extended unavailability of the units with capacity of 920 megawatts each due to the “planned long outages ...
Read More » -
17 January
The Made in China plan is back, and it’s better
As the world is grappling with the latest virus variant, China unveiled a sharpened version of the Made in China 2025 industrial policy blueprint. Previous iterations may have had nations like the US on edge, but this is the one to keep an eye on. State planners released a five-year smart manufacturing development plan in late December that aims ...
Read More » -
17 January
UK retail giants shouldn’t get too cozy
Two British retailers emerged as winners this Christmas: Tesco Plc and Marks & Spencer Group Plc. While that’s a far cry from disappointing results of holidays past, both face considerable challenges ahead with concerns about inflation eating into consumer spending power and a slowdown in demand. Tesco’s UK same-store sales in its fiscal third quarter rose 0.2%, slightly below analysts’ ...
Read More » -
17 January
US’s hunger pandemic is still getting worse
Early in the pandemic, Americans lined up for hours outside of food banks, awaiting their chance to collect groceries. Many of them had experienced food insecurity before Covid-19. Tens of millions of others were new to such assistance. Only thanks to emergency federal intervention was a serious hunger crisis averted in 2020. As Covid drags on, their mission is ...
Read More » -
17 January
Tech firms are big. They are not conglomerates
A chorus of business commentators has declared the “end†of the conglomerate in 2021, pointing to decisions by corporate behemoths such as General Electric and Toshiba to split into smaller, more focused companies. No, that’s not the case. In reality, the real conglomerates — the ones that gave rise to the term in the postwar US — perished many years ...
Read More » -
17 January
Weak retail sales, sentiment show US economy lost traction
Bloomberg US retail sales stumbled at the end of 2021, factory output weakened and consumer sentiment deteriorated at the start of the new year, illustrating a loss of traction for the economy that many analysts view as temporary. Friday’s data deluge showed how lingering shipping challenges, supply and labor constraints, the fastest inflation in decades and the Omicron variant ...
Read More » -
17 January
Walmart chief customer officer exits, head merchant retires
Bloomberg Walmart Inc is losing two key executives in its US operation as the retail giant ramps up its online offerings and attempts to reverse last year’s disappointing stock-market performance. Chief Merchandising Officer Scott McCall will retire after almost three decades with the company, according to a memo to employees from John Furner, who heads Walmart’s US business. McCall ...
Read More » -
17 January
Spain to weigh Air Europa stake in revised deal with IAG
Bloomberg Spain is considering taking a direct stake in Air Europa as part of a revised plan to rescue the troubled airline after the collapse of its proposed sale to IAG SA, according to people familiar with the matter. Under a new structure under discussion, state-backed coronavirus bailout loans could be converted into a government holding of about 40% ...
Read More »