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

  Bloomberg Grupo Viva Aerobus SA, one of Mexico’s largest airlines, sold $51 million in its first sustainability-linked bond issuance, the company announced. Viva’s sustainability goal is to reduce jet fuel carbon emissions intensity per revenue passenger-kilometer by 35% in 2029 compared to a 2015 baseline. The company said it has a fleet with one of the lowest carbon dioxide ...

Bloomberg Taiwan Semiconductor Manufacturing Co. founder Morris Chang said the congratulations he offered Chinese President Xi Jinping about the congress that his ruling Communist Party recently held were his own “personal” view. “Taiwan’s Presidential Office told me beforehand that if there was an opportunity, there was no need to avoid meeting or greeting him,” Chang said Monday at a press ...

  Bloomberg A revival in tourism helped Thailand expand at the fastest pace in more than a year last quarter, even as finer details of the economic data support the case for the central bank to go slow on monetary policy tightening. Gross domestic product rose 4.5% in July-September from a year ago, the National Economic and Social Development Council ...

Bloomberg Prime Planet Energy & Solutions Inc., the battery joint venture of Toyota Motor Corp. and Panasonic Holdings Corp., is searching for a new domestic manufacturing site with sea port and clean energy access as it expands to keep up with consumer demand for electric vehicles, President Hiroaki Koda said in an interview in Tokyo. The company, which formally started ...

  Bloomberg GoTo Group reported a narrower third-quarter loss, helped by cost cuts at the Indonesian ride-hailing and e-commerce giant. The adjusted loss before interest, taxes, depreciation and amortization shrank to 3.7 trillion rupiah ($235 million) from 4.2 trillion rupiah a year earlier, the Jakarta-based company said Monday. Net revenue, which strips out incentives to driver and merchant partners and ...

Bloomberg The US and Chinese defense chiefs are likely to meet for their first talks since Beijing suspended dialog with Washington over House Speaker Nancy Pelosi’s August visit to Taiwan —the latest sign that ties between the two nations are stabilizing. US Defense Secretary Lloyd Austin would welcome a meeting with Chinese Defense Minister Wei Fenghe during a gathering of ...

Bloomberg Separatist Kurdish militants in Syria launched a cross-border mortar attack on a Turkish border town, killing at least three people including a school teacher, authorities said. Violence between Kurdish militants and Turkey is spiraling after Turkish warplanes bombed bases of outlawed Kurdish PKK group in northern Iraq and affiliated US-backed Kurdish fighters in Syria in retaliation for a deadly ...

Bloomberg Veteran opposition leader Anwar Ibrahim, who has come tantalizingly close to leading Malaysia during his tumultuous political career, is suddenly on the cusp of clinching the top job —but a final hurdle stands in his way. Anwar’s reformist coalition won 82 parliamentary seats in Saturday’s election, the biggest haul among the competing blocs. While it’s short of the majority ...

Bloomberg Prime Minister Rishi Sunak said the UK isn’t prepared to align itself with EU laws as part of their post-Brexit relationship, pushing back against reports his government is exploring the potential for Switzerland-style ties with the bloc. “Under my leadership the United Kingdom will not pursue any relationship with Europe that relies on alignment with EU laws,” Sunak said ...

  Bloomberg Poland’s defense chief welcomed a German offer to deploy Patriot missiles in the country and proposed stationing the defense system near its border with Ukraine. Germany made the offer less than a week after a missile strike killed two people in a village in eastern Poland, raising fears of a significant escalation between Nato and Russia nine months ...