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

  Bloomberg Airlines that aren’t currently hedging their fuel bills are set to lose a “shedload” of money as a result of high oil prices, the head of Ryanair Holdings Plc. Brent crude is trading near $91 a barrel as surging global consumption pushes prices to a seven-year high. That’s problematic for fuel-consuming industries like airlines, where oil can make ...

  Bloomberg Thousands of additional US and allied soldiers on the ground in Eastern Europe may not alter Russia’s military calculus on Ukraine. But the commitment is a boon to Nato member states near Russia’s border. From Washington to Paris, governments have vowed to boost readiness and dispatch troops and hardware to deter Russia from attacking Ukraine —and show solidarity ...

  Bloomberg Donald Trump said Capitol Police officers who sued him over injuries they sustained during the January 6 riot are “grasping at straws” to link him to the attack, arguing they should blame Washington’s mayor and House Speaker Nancy Pelosi instead. The former president made the argument in a filing late Monday seeking dismissal of a suit accusing him ...

  Bloomberg Boris Johnson said he’ll publish the full civil service investigation into allegations of rule-breaking parties on Downing Street during Covid-19 lockdowns over the past two years, as his office also vowed to divulge details of any future fines potentially levied on the UK prime minister over his involvement. The senior civil servant in charge of the internal probe, ...

  Bloomberg A new Pentagon report on the performance of billions of dollars in US weapons is marred by widespread use of a new designation that appears intended to suppress bad news under the guise of national security, according to Senator Elizabeth Warren. The Defense Department’s testing office issued two versions of its annual report last week —one posted online ...

  Bloomberg Guinea-Bissau’s President Umaro Sissoco Embalo said the situation was under control after the West African regional bloc urged soldiers to return to their barracks in a bid to prevent what could become the fourth armed coup in one of its member-nations in less than a year. “I’m fine,” Embalo said in a tweet, hours after automatic gunfire erupted ...

  Bloomberg The Bank of Japan (BOJ) shouldn’t view the issuing of a digital currency as a monetary policy option as doing so could severely damage the economy, according to a former BOJ official who led research into digital money. “Some say that negative interest rates could work more effectively with a digital currency, but I don’t think so,” said ...

  Bloomberg Deutsche Bank AG is betting the diverging policy paths between the Federal Reserve and the People’s Bank of China will result in US equities correcting further and China’s getting a boost, joining several other Wall Street banks in making the call. The German lender’s international private banking unit downgraded US equities to neutral from overweight last week, scrapping ...

  Bloomberg A stronger zloty would amplify the impact of Polish interest-rate increases, central bank Governor Adam Glapinski said, pledging to do whatever it takes to drive down spiraling inflation. “Today, the appreciation of the exchange rate would support monetary tightening and would be consistent with the direction of the central bank’s actions,” he said in response to questions from ...

  Bloomberg Australia’s central bank chief Philip Lowe signalled for the first time that interest rates could rise this year if faster wages growth returns inflation sustainably to the 2-3% target. That is “a plausible scenario” depending on how events unfold, but there are plenty of other scenarios as well, Lowe said in comments that increased his room for maneuver ...