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

Bloomberg Southwest Airlines Co is frustrated by the slow pace of federal certification of Boeing Co’s smallest 737 Max jet, an issue that could delay the carrier’s commercial debut of the aircraft late into next year. The concern stems from changes by the US Federal Aviation Administration and lawmakers giving regulators a larger role in the certification, drawing out that ...

Bloomberg London’s Heathrow airport said passenger numbers are likely to recover to barely half of pre-Covid levels next year as the pandemic continues to ravage long-haul travel markets. The number of travellers in 2022 is likely to reach 45 million, Heathrow said in a statement. That compares with a record 81 million in 2019, when the hub ranked as Europe’s ...

Bloomberg Activist investor Mantle Ridge has nominated a slate of directors to replace the entire board of Dollar Tree Inc and is urging the discount retailer to hire the former chairman of rival Dollar General Corp to a leadership role. The New York-based investment firm said in a regulatory filing that it believes Dollar Tree “will benefit from a refresh ...

Bloomberg Deutsche Lufthansa AG’s cargo division said it’s seeking more freighter planes to keep pace with booming global demand and that purchases could include Airbus SE’s new A350F model. Lufthansa Cargo is making the case at group level for adding more single-aisle and wide-body planes, including additional Boeing Co 777F freighters to ply long-haul routes, unit chief Dorothea von Boxberg ...

Bloomberg Japan Airlines Co hasn’t seen any impact on domestic travel due to the omicron variant of the coronavirus, but an anticipated recovery for international flights may be delayed, Chief Executive Officer Yuji Akasaka said. The spread of the omicron strain, which is said to be more transmissible than delta, has been disrupting overseas air travel. Although infection rates in ...

Bloomberg Lululemon Athletica Inc rose after boosting its sales outlook for the current year — a sign that the pandemic-era trend towards comfy clothes is persisting. The company sees net revenue in a range of $6.25 billion to $6.29 billion in the fiscal year ending on January 30, 2022. That’s up from a previous range that was capped at $6.26 ...

Bloomberg JPMorgan Chase & Co. expects Asian companies to raise as much as $100 billion next year through environmental, social and governance (ESG) dollar-denominated bonds, with an increasing number of firms considering notes that can be converted into equity. ESG debt sales by Asian issuers total $74 billion so far in 2021, nearly triple the level in the same period ...

Bloomberg Hong Kong’s underperforming stocks will likely rebound in 2022, with a border reopening with mainland China to benefit gaming and retail shares while rising yields hold banks up, according to UBS Group AG. The city’s benchmark Hang Seng Index may gain as much as 13% next year, analysts led by Angus Chan wrote in a note, targeting a level ...

Bloomberg China’s central bank has signalled a limit to its tolerance for the yuan’s recent advance by setting its reference rate at a weaker-than-expected level. The gap between the daily fixing set by the People’s Bank of China (PBOC) and the forecast in a Bloomberg survey of analysts and traders was the largest since mid-October. That was when yuan gains ...

Bloomberg Nu Holdings Ltd, the Brazilian digital bank whose backers include Warren Buffett’s Berkshire Hathaway Inc, raised $2.6 billion in a US initial public offering priced at the top of a marketed range it had earlier lowered. The company, which does business as Nubank, sold 289 million shares for $9 each after offering them for $8 to $9, according to ...