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

  Singapore / Bloomberg & AFP The creation of the world’s biggest alliance of low-cost airlines may signal that some of Asia’s struggling budget carriers are headed for the altar. The Value Alliance, announced on Monday, stretches from Japan to Australia and includes Singapore Airlines Ltd.’s Scoot and Nok Airlines Pcl in Thailand. The aim is to sell tickets, or even ...

  Washington / Bloomberg Southwest Airlines Co. pilots, frustrated after four years of unsuccessful contract talks, asked the carrier to guarantee it won’t force them to fly Boeing Co.’s newest 737 before the plane is negotiated into a new agreement for the 8,000 workers. Adding the 737 Max before it’s listed in a labour deal would violate a provision of ...

  shanghai / bloomberg HNA Group Co., the Chinese conglomerate that controls the country’s fourth-largest airline, is in exclusive talks with the biggest shareholder of CWT Ltd. for a potential acquisition of shares in the Singapore-based logistics company. There is no certainty that the negotiations will result in an agreement, CWT said on Monday. The company’s shares rose after the ...

  Washington / Bloomberg Delta Air Lines Inc., the second-largest U.S. carrier, is trimming planned growth in the second half of this year to help counter rising fuel prices and weak foreign economies. It’s also delaying deliveries of four wide-body aircraft. The carrier will hold expansion to less than 2 percent while reducing domestic capacity increases to 2.5 percent in ...

  Taipei / Bloomberg Acer’s announcement that it will work with the Swedish games maker Starbreeze to produce a virtual-reality headset could be the ailing PC maker’s most brilliant move in years. Or it could be a colossal failure. According to their joint release, the companies plan to form a joint venture to design, make and sell the StarVR headset. ...

  Moscow / AFP Moscow’s Aragvi restaurant — once the legendary haunt of KGB spies and cosmonauts — has reopened with its Soviet-era grandeur restored.The high-end eatery on the main Tverskayastreet, which opened in 1938 at the height of Stalin’s purges, has re-launched under the same name after a $20 million (17 million euros) restoration. The restaurant opened on the ...

  Munich / DPA Everybody knows that environmental pollution is bad for animals and plants. But in Lake Constance, bordered by three European nations, the opposite is proving true. At moderate levels, some types of environmental pollution are nourishing for fish. Over the last 30 years, the lake wedged between Germany, Austria and Switzerland has become so clean that the ...

  Our Correspondent / Emirates Business Green-Keeper Middle East, a division of UAE-based company FM Solution, is dedicated to make lawns instantly green with a 100 percent natural solution. The first of its kind in the region, Green-Keeper uses a product made in the US, which is non-toxic, biodegradable and perfectly safe for children, pets as well as the environment. ...

  Our Correspondent / EMIRATES BUSINESS Mazola, the world’s favourite corn oil since 1911, has taken its heritage of quality, trust and value to other appealing food products including top quality sunflower oil, frying oil, olive oil, mayonnaise, ghee, and margarine. Mazola products for Middle East and North African markets are manufactured at the award winning Basateen Foods Saudi Arabia ...

  Abu Dhabi / WAM In implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, directed the allocation of US$20 million to be invested in support of the small and medium enterprises sector ...