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

  Bloomberg Spot prices for North Asia’s liquefied natural gas surged to a record as Russian supply concerns intensified competition with Europe for available supply of the super-chilled fuel. The Japan-Korea Marker, the spot Asian LNG benchmark, jumped 23% to $59.672 per million British thermal units, according to S&P Global Platts, pulled higher by a historic rally in European gas ...

  Bloomberg European natural gas surged to a record as supply fears were compounded by traders trying to avoid exposure to a key Russian player in the market. Benchmark futures rose as much as 60%, before easing. Gas and power traders are backing away from new deals with Gazprom Marketing & Trading Ltd, according to people familiar with the matter. ...

  Bloomberg Private investment into US clean-energy assets reached a record $105 billion last year as the country added an unprecedented amount of renewable-power capacity. The investment influx is 11% higher than 2020 and represents a 70% surge during the past five years, according to an annual report by BloombergNEF and the Business Council for Sustainable Energy. The private backing ...

If the “no limits” partnership announced between China and Russia on the eve of the Winter Olympics amounted to a blueprint for a new world order, it’s already looking a little frayed around the edges. Russia’s invasion of Ukraine has left Beijing struggling to straddle a line between its cardinal foreign-policy principle of respect for sovereignty and territorial integrity, and ...

There were no signs of a rebound in Best Buy Co’s latest financial results. While the company is painting a hopeful picture for the longer term, prospects for the core retail business and new at-home services remain lackluster. Investors could be forgiven for wondering whether some problems are too hard to fix. The consumer-electronics retailer reported weaker-than-expected revenue for the ...

  For nearly two years, pandemic-weary Americans have been pleading for one thing: We want our lives back. And in many ways, we now have our lives back — just not our work lives. Too many employees are still working from home. It’s reached the point where employers need to prioritise returning to the office, an argument President Joe Biden ...

  When Russia began its invasion of Ukraine, cryptocurrency fans appeared to be trapped in a decadent fantasy. A batch of CryptoPunk NFTs (blockchain collectibles) had just been yanked from auction at Sotheby’s amid fading enthusiasm and a broader market sell-off. The seller tweeted Drake memes to laugh off the cancelled event, but considering the glitzy marketing campaign, it was ...

  Bloomberg Foreign aircraft lessors are facing the increasing possibility of writeoffs that could total in the billions of dollars as Russia considers ways to defy worldwide sanctions and keep carriers such as Aeroflot flying. Russia’s Transportation Ministry is weighing options including buying or even nationalizing hundreds of Airbus SE and Boeing Co planes that lessors have demanded be returned ...

  Bloomberg Dassault Aviation SA threatened to pull out of developing a future European fighter jet with Airbus SE over a protracted dispute between the two defense suppliers over leadership of the project. Talks between the French company and the German and Spanish arms of Airbus have reached an impasse and an agreement on moving to the next phase “still ...

Bloomberg Gap Inc gave an optimistic projection for the current year, saying its strategic moves are starting to pay off, even though the apparel maker’s fourth-quarter results missed estimates on several key measures. The shares rose in late trading. For the current fiscal year, which ends in January, the retailer is projecting earnings per share in the range of $1.95 ...