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

  Inflation is so last season. In many parts of retail, particularly clothing, there’s a sea of red price-reduction stickers washing across stores and websites as retailers mark down their unwanted stock. Shoppers should make the most of these sales — they may be as good as it gets for a while. Many US retailers, led by Walmart Inc and ...

  A central dilemma of US foreign policy today is this: The country that most threatens the American-led global order is also the country whose cooperation is essential to preserving a livable world. That quandary flared anew, when China responded to House Speaker Nancy Pelosi’s visit to Taiwan by terminating bilateral discussions on climate change and other issues. In doing ...

Bloomberg Explosions at a Russian airbase in Crimea that Ukraine says destroyed nine fighter aircraft may indicate new Ukrainian offensive capabilities that complicate Kremlin efforts to support its invading forces, according to European intelligence officials and defense analysts. “In just one day, the occupiers lost 10 combat aircraft, nine in Crimea and one more in the direction of Zaporizhzhia,” Ukrainian ...

Bloomberg House Speaker Nancy Pelosi said the US couldn’t let China establish a “new normal” around Taiwan, hours after Beijing announced plans for regular military patrols near the democratically governed island. Pelosi told a news briefing in Washington that Chinese leaders had been “trying to push their way” toward their goals on Taiwan before she led a congressional delegation there ...

Bloomberg South Korea said the possible operation of a controversial American-made missile shield was “not negotiable,” pushing back at China’s efforts to hold President Yoon Suk Yeol to his predecessor’s pledge to freeze its deployment. Decisions on the deployment of Lockheed Martin Corp.’s Terminal High-Altitude Area Defense system was a matter of South Korea’s self-defense, a senior presidential official told ...

Bloomberg India’s central bank released guidelines for digital lending, targeted at bringing transparency and data protection to the business after complaints started mounting over unfair recovery practices, with many players capitalizing on borrowers’ lack of financial literacy. The Reserve Bank of India (RBI released the guidelines on Wednesday, which direct operators to display all inclusive costs of the digital loan ...

Bloomberg Indonesia’s rupiah will advance to strongest level in almost a year as the country’s trade surplus and attractive yields lure overseas investors to local stocks and bonds, according to TD Securities. The currency will appreciate to 14,057 per dollar in the next three months, matching the high set in October 2021, said Mitul Kotecha, head of emerging-market strategy at ...

  Bloomberg ABN Amro Bank NV said it expects to see the benefits from higher interest rates in the second half of the year, joining European peers in cheering the end of negative rates. The Dutch lender reported higher-than-expected profit as improvements in its loan book allowed it to release provisions for bad debt. While net interest income continued to ...

  Bloomberg Commonwealth Bank of Australia (CBA), the country’s largest lender, posted an 11% jump in profit but warned that steeper borrowing costs and inflation were hitting consumer demand. The Sydney-based bank warned of a challenging outlook as the twin economic pressures worsened the cost-of-living burden, when it reported full-year earnings. It posted a cash profit of $6.7 billion for ...

  Bloomberg Stocks trimmed a rally on Thursday spurred by softer-than-expected US inflation data as investors digested comments from Federal Reserve officials who remained resolute on the need for further interest-rate increases. Europe’s Stoxx 600 Index surrendered an initial advance. US futures pared gains, after the S&P 500 hit a three-month high and the Nasdaq 100 pulled 20% above a ...