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

  Bloomberg European Union (EU) lawmakers sparred over how to design the bloc’s ambitious climate policies, underscoring the challenge of implementing binding climate-neutrality goals amid a war and unprecedented energy price spikes. Some European Parliament members, predominantly in the Socialist, Liberal and Green political groups, are seeking to further toughen proposals by the European Commission, while others, led by Christian ...

  JetBlue Airways Corp isn’t giving up in its pursuit of Spirit Airlines Inc But a revamped bid raises more questions for Spirit shareholders trying to decide which offer to back. JetBlue once again tweaked its proposal for Spirit in an effort to thwart the ultra-low cost carrier’s plans to sell itself to Frontier Group Holdings Inc. JetBlue is now ...

How can the Tories dump a leader who has been as successful at winning elections and riding out controversy as Boris Johnson? And yet how can they stick with one whose character has become a liability, whom the public distrusts and whom many see as a threat to the integrity of governing institutions? The answer to both questions seems to ...

  Looking for hints on how to pull the world out of its current inflationary state? You could do worse than turn to a country whose currency is worth less than a trillionth of its value in the early 1980s. At a time when most of the world is compounding the problems of broken supply chains and rising energy prices ...

  One aspect of the war in Ukraine demands much closer attention — the failure of the US and its rich-country friends to build strong partnerships with the developing world. Many governments in Africa, Latin America and Asia have distanced themselves from the allies’ response to Russia’s aggression. This is helping Moscow and does nothing to discourage other regimes with ...

  Bloomberg JetBlue Airways Corp improved its offer for Spirit Airlines Inc, boosting a breakup provision to $350 million and adding an upfront cash payment days before shareholders will vote on a pending buyout agreement with Frontier Group Holdings Inc. The revised offer increases JetBlue’s reverse breakup fee by $150 million and provides for about $164 million payable as a ...

  Bloomberg Wizz Air Holdings Plc said it will shutter its base in Doncaster, England, beginning from Friday after failing to secure guarantees over commercial terms at the airport, where it’s been flying since October 2020. The Budapest-based discount carrier said it will cancel all Wizz UK operations from the hub, known as Doncaster Sheffield, and that pilots and cabin ...

  Bloomberg Kohl’s Corp shares rose in early trading after the retail chain and Franchise Group Inc said they entered exclusive talks on a potential $8 billion takeover deal. The companies said in separate statements that they entered a three-week exclusivity period to discuss Franchise Group’s offer to buy Kohl’s for $60 a share. Kohl’s shares rose 9% to $45.90 ...

Bloomberg Stock splits were all the rage early this year as indexes hovered near record highs, with companies from Amazon.com Inc. to Alphabet Inc announcing them to make their share prices more alluring to individual investors. A few months on, the market has taken care of the problem. Amazon is among companies whose stocks have tumbled since the moves were ...

  Bloomberg Ryanair Holdings Plc is ordering South Africans traveling to the UK to complete a list of questions in Afrikaans to prove their identity — only one of 11 official languages spoken in the country. Europe’s largest low-cost airline imposed the measure to prevent the use of fraudulent passports, the company said in a statement. “If they are unable ...