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

Bloomberg India is expected to see a steady flow of small-to-mid-sized deals next year as investors grow wary about large listings after the disastrous performance of some major technology initial public offerings. Several of the country’s major startups shed billions of dollars in value since their listing as concerns over high valuations and rising interest rates globally dented demand for ...

  Bloomberg Real estate investment trusts (REITs) in Singapore will remain attractive to investors amid market volatility, according to DBS Group Holdings Ltd. REITs “offer resiliency given their attractive and growing distribution yields” as investors are turning defensive, Eng-Kwok Seat Moey, group head of capital markets at DBS, said. Interest rates have climbed globally, pressuring returns for some investments. While ...

Bloomberg Russia has enough firepower for only three or four more missile barrages of the kind that have devastated Ukraine’s energy infrastructure, Kyiv’s top defense official said. “We understand how much they’ve expended so far — we understand that they don’t have so many,” Oleksiy Danilov, secretary of the National Security and Defense Council, said in an interview. As the ...

Bloomberg Poland and Lithuania are blocking the European Union’s ninth package of sanctions against Russia, a government minister said ahead of a meeting of the bloc’s leaders. Lithuanian Foreign Minister Gabrielius Landsbergis told reporters in Vilnius that a proposed weakening on food security potentially opens a loophole and the possibility for sanctioned Russian oligarchs to increase their wealth. “We cannot ...

Bloomberg Nurses began a round of historic strikes across much of Britain, with protesters on picket lines saying they’re struggling to afford basic living costs such as food and accommodation. The Royal College of Nursing (RCN) has said that as many as 100,000 staff were expected to take part in the strike across England, Wales and Northern Ireland in protest ...

  Bloomberg Poland’s plan to access frozen EU aid hit a snag after hardliners in the ruling coalition rejected a deal to roll back judicial changes and the president set conditions for his ratification of legislation. The proposal negotiated by the government with the European Commission would undo many contested judicial changes the government has introduced during its seven-year rule. ...

Bloomberg Japan will describe China as an “unprecedented strategic challenge” in a new national security policy set to be approved as early this week, according to a draft seen by Bloomberg. The new strategy, expected to get the green light from Prime Minister Fumio Kishida’s cabinet, amounts to an unprecedented overhaul of the country’s security and defense policy. The revisions ...

Bloomberg Brazil’s electoral court is investigating outgoing President Jair Bolsonaro, his running mate and some allies for allegedly casting doubt on the result of the October election and abusing their power during the campaign. Justice Benedito Gonçalves, general inspector of the court, opened the investigation to analyse allegations presented by the coalition of President-elect Luiz Inacio Lula da Silva. The ...

  Bloomberg The US sanctioned Vladimir Potanin, Russia’s richest tycoon and the president and biggest shareholder of mining giant MMC Norilsk Nickel PJSC, but left his company untouched as it tries to maintain stability in the metals market. The action against Potanin was part of a broader sanctions package the Treasury Department rolled out targeting some 40 people linked to ...

  Bloomberg China’s central bank pumped more cash than forecast into the banking system in December, in a move that’s expected to bolster bonds roiled by the nation’s abrupt Covid policy shift. The People’s Bank of China (PBOC) injected 650 billion yuan ($94 billion) via its one-year medium-term lending facility, more than the 500 billion yuan due this month. Five ...