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

  Bloomberg Walmart Inc. is making its first move into the metaverse. The retailer will unveil two immersive experiences on Roblox Corp.’s virtual platform. Walmart Land will feature fashion, beauty and entertainment items, while Walmart’s Universe of Play will showcase toys, the company announced. Walmart follows companies from Nike Inc. to VF Corp. in a bid to get consumers’ attention ...

  Bloomberg Britain’s Doncaster Sheffield Airport will close due to a lack of “tangible proposals” for its future ownership and financial viability. Owner Peel Group Ltd. conducted a strategic review of the airport and will wind down services from Oct. 31, it said Monday. Peel pointed to high fixed costs and uncertainty over future income in saying it couldn’t responsibly ...

  Bloomberg Cape Town flights are arriving and departing as scheduled, despite a fuel shortage at South Africa’s second-largest airport. After asking airlines to limit their fuel intake in Cape Town, Airports Company South Africa said on Twitter on Tuesday that it has a contingency plan to tackle the issue. The airport only has a few days of jet fuel ...

The so-called “partial mobilization” announced by Vladimir Putin last week has changed the character of the Ukraine war for Russians in a matter of days. And for all the ensuing scenes of disarray and unrest within Russia, the mobilization’s impact will soon change the character of the war for Ukrainians, too. Less than a week into the mobilization, whether it’s ...

“Be indispensable.” This commonly given career advice is hard to argue with. No doubt it sounds appealing these days, with a softening economy and layoffs once again dominating the business news. It’s advice I’ve tried to follow for much of my own working life. But the idea is deeply flawed. Yes, being indispensable ought to be insurance against getting fired, ...

  Spare a thought for Japanese Prime Minister Fumio Kishida, watching the pomp and circumstance of last week’s state funeral for Queen Elizabeth II. Kishida’s plan to hold a ceremonial farewell for Shinzo Abe, Japan’s longest-serving premier who was assassinated on the campaign trail just two days before upper house elections this July, was likely intended to be a similarly ...

  Watched by millions around the world, the funeral of Queen Elizabeth II demonstrated the enduring glamor of Britain’s hereditary order. As recession looms, however, and the pound sinks to its lowest in nearly four decades, it is time to ask: Can the monarchy reform fast and radically enough to adapt to an age of social and economic breakdown? The ...

Bloomberg President Volodymyr Zelenskiy said the current focus of the war is Donetsk, describing the heavily industrial eastern region as the “primary target” for both Ukraine and invading Russian forces. The situation in Donetsk is “especially tense,” Zelenskiy said in his nightly address. In a separate tweet, he urged the international community to step up pressure on Russia with sanctions ...

Bloomberg Japanese political leaders remembered former Prime Minister Shinzo Abe at a state funeral as a statesman who steadily led the country during his record run as premier, amid domestic opposition to the event that has undermined support for the current prime minister. About 4,300 people including US Vice President Kamala Harris, world leaders, dignitaries and members of Abe’s ruling ...

Bloomberg Luiz Inacio Lula da Silva rolled into the final week ahead of Brazil’s presidential election, with one poll showing he has the support for a first-round win while another has him inching ever closer to an outright victory on Sunday. Front-runner Lula would take 52% of valid votes, while incumbent President Jair Bolsonaro would take 34% both unchanged from ...