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

  Bloomberg ConocoPhillips, one of North America’s largest energy explorers, is considering a sale of operations worth more than $1 billion in the Permian Basin, according to people with knowledge of the matter. The company is working with an adviser to run an auction process for the assets, said the people, who asked not to be identified because they weren’t ...

  Bloomberg Reliance Industries Ltd, helmed by Asia’s richest man Mukesh Ambani, aims to be among the largest producers of blue hydrogen at “competitive cost” in its ambitious green-energy transition plan. The Mumbai-based company will re-purpose a $4-billion plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen for $1.2-$1.5 a kilogram, according to a presentation. So-called ...

In April and May of 2020, when global air travel had essentially ground to a halt and it was becoming apparent that the pandemic would last more than a few weeks, one popular narrative was that the slump would prompt airlines and lessors to put more jets than usual out to pasture permanently. The concern was that this would then ...

It’s not just your fluffy winter pajamas being affected by global supply chain snarl-ups. Your summer shorts could be too. Under Armour Inc, the sportswear maker, warned that the impact of bottlenecks could continue into its spring and summer seasons. Higher shipping costs could last for much of this year too. The current effects are a continuation of the supply-chain ...

  Browsing the internet has never really been free. Each time you visit a website, a silent auction for your eyeballs is conducted to show you an ad that effectively makes you pay with your personal information. Location, birthday, browsing data and more are broadcast to hundreds of vendors within a millisecond. The practice has flourished even in Europe, which ...

  Coming into this year, the hope was that supply chain improvements and modest interest-rate increases from the Federal Reserve would return US economy to the healthy expansion mode it enjoyed in 2019. Accelerating inflation and anecdotes from companies suggest that’s much less likely to happen than it seemed a few months ago. The Fed is in a tight corner: ...

  Bloomberg Aerojet Rocketdyne Inc’s chairman and three directors asked a judge to block the CEO and her allies on the board from using company resources in a fight for control of the rocket-engine maker. A lawsuit revealed long-simmering tensions between Chairman Warren Lichtenstein and Chief Executive Officer Eileen Drake who are at the heart of a proxy battle launched ...

  Bloomberg Singapore Airlines Ltd has resumed recruitment of cabin crew, ending a hiring freeze over the past two years as the Covid-19 pandemic decimated air travel around the world, Channel News Asia reported. The resumption of hiring for cabin crew comes as travel to and from the city-state recovers and countries around the world ease travel restrictions following an ...

  Bloomberg Walmart Inc will no longer require fully vaccinated employees to wear masks unless required by state or local rules, effective immediately. In addition, a policy allowing five extra days of paid time off for workers testing positive for Covid-19 will end on March 31 as planned, Walmart said. Daily health screenings will no longer be needed for workers, ...

Bloomberg US Secretary of State Antony Blinken and foreign ministers from Japan and South Korea committed to work together to deter further Russian escalation along Ukraine’s border and condemned North Korea’s recent ballistic missile launches. Blinken, Japanese Foreign Minister Yoshimasa Hayashi and South Korean Minister of Foreign Affairs Chung Eui-yong stressed the “critical importance” of strong cooperation among their countries ...