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

  Bloomberg The Estonian government plans to remove and demolish 244 Soviet monuments, which many people find offensive because they represent the Baltic nation’s decades-long occupation. A government committee formed in June, reviewed and decided the fate of 322 monuments, the majority of these being World War II memorials that will be destroyed and graves that will be re-interred at ...

Bloomberg Desperate to rescue their sons and husbands from the front lines in Ukraine, Russian women are putting pressure on the Kremlin in the latest sign of the spreading discontent caused by the war. The scattered efforts by wives and mothers took off after Vladimir Putin ordered 300,000 reservists called up on Sept. 21, forcing the authorities to pay attention. ...

Bloomberg Prime Minister Shehbaz Sharif named General Asim Munir as Pakistan’s next army chief, a choice that could harden former premier Imran Khan’s opposition to the government and stoke his high-stakes clash with the military. Khan, who as prime minister had removed Munir from the role of intelligence chief, would see the appointment as a possible obstacle to his attempt ...

  Bloomberg Estonia’s government is racing to identify facilities as bomb shelters amid growing fear of a possible attack from Russia. Authorities are sifting through public buildings, schools and shopping centers in search of spaces that could provide protection. Since June, dozens of colorful signs — blue triangles on an orange background — have popped up to mark public shelters. ...

  Bloomberg China’s mega banks, led by Industrial & Commercial Bank of China Ltd., (ICBC) pledged financing support of at least 925 billion yuan ($129 billion) to property developers as part of a push to ease turmoil in the nation’s real estate market. ICBC, the world’s largest bank by assets, on Thursday said it would provide 655 billion yuan in ...

  Bloomberg UBS Group AG has seen significant inflows into its Asia Pacific wealth management over the past three months from clients fleeing Credit Suisse Group AG, as its smaller Swiss rival struggles with a crisis of confidence. Hundreds of wealthy customers have sought to place their funds with UBS in the key growth region, and the bank is planning ...

Bloomberg Bank of Korea (BOK) Governor Rhee Chang-yong signalled the end may be near for the country’s unprecedented streak of policy tightening to curb inflation, returning to a smaller interest-rate hike as concerns grow over economic growth and credit markets. “I am aware that the pain among economic players is deepening as rates rise and the economy weakens,” Rhee said ...

  Bloomberg The company that’s reprinting Britain’s banknotes following the accession of King Charles III saw its shares tumble 25% after it issued a profit warning. De La Rue Plc slumped after it said full-year adjusted operating profit would miss market expectations, days before a shareholder vote on the future of the money printer’s chairman that comes amid a battle ...

  Bloomberg Morgan Stanley Private Equity Asia is considering selling Chinese financial education company Coinage International. The buyout firm could seek a valuation of about $500 million for the education business in a deal. Morgan Stanley PE Asia has received interest from companies in the industry and financial sponsors. Deliberations are preliminary and the private equity firm could decide against ...

  Bloomberg European stocks gained and the dollar fell after Federal Reserve meeting minutes showed support for more moderate interest rate increases. The Stoxx Europe 600 Index extended its recent rally as the real estate sector outperformed, boosted by the prospects of slower rate hikes and analyst upgrades. Dr. Martens Plc shares plunged the most on record after the bootmaker’s ...