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

  If Russia invades Ukraine, President Vladimir Putin will face an immediate and difficult choice: how far to go. Most analysts believe he will probably move forward with an invasion, but is likely to have his military stop within the pro-Russian enclaves of southeastern Ukraine. This would allow him to declare independence for the Donbas region and secure a “land ...

The cohort of listed electric-vehicle startups vying to become the next Tesla Inc. hasn’t produced many vehicles yet. But they’ve sure kept lawyers and forensic accountants busy. Last week two neophyte EV firms that went public via special purpose acquisition companies last year became the latest to overhaul top management after internal probes revealed potentially misleading statements and other questionable ...

  The pandemic hit the US economy unevenly, with some places hurting more than others and recovering at different speeds. As the Federal Reserve gets ready to start raising interest rates, we’re about to see that some places are better-positioned to withstand monetary tightening than others. With national unemployment falling below 4%, the Federal Reserve has indicated it’s time to ...

  It was not a good day for Meta Platforms Inc or its investors, but it was a good day for capitalism. After a quarterly earnings report revealed a decline in Facebook’s daily active users — a first for the company — Meta’s shares plunged by 26% on February 4, some $250 billion in market value was eroded, and analysts ...

  Bloomberg For Boeing Co., the pandemic was just one item on the long list of its existential concerns over the past four years. But after a talent exodus, the twin tragedies of its 737 Max jets falling from the sky, and stiff competition from rivals (on top of Covid’s blow to air travel), the company is gearing up for ...

  Bloomberg Shares of Chinese sportswear makers climbed as investors bet that Beijing’s Winter Olympics will help spur demand amid the government’s recent drive to increase health awareness. Anta Sports Products Ltd., which is supplying uniforms for athletes in the games, rose as much as 5.2%. Li Ning Co., founded by a medal-winning Olympic gymnast, jumped 6.8% as Hong Kong ...

  Bloomberg Kenya plans to inject 20 billion shillings ($176 million) of capital into the country’s cash-strapped national airline, which is battling to survive after years of losses and a mounting debt pile. The funding, detailed in supplementary budget documents submitted to parliament, “is dependent on certain restructuring milestones,” Kenya Airways Plc Chairman Michael Joseph said by text message. The ...

  Bloomberg Mike Pence rejected Donald Trump’s claims that as vice president he had the power to void the 2020 election result and refuse to certify President Joe Biden’s victory, breaking from his old boss as both men weigh possible White House bids in 2024. “I heard this week that President Trump said I had the right to ‘overturn the ...

  Bloomberg Australia’s Prime Minister Scott Morrison, lagging in the polls before an election later this year, is dealing with the fallout from a leaked text message from his deputy Barnaby Joyce branding the premier “a hypocrite and a liar.” Joyce has apologized for the texts, which were sent in March last year before he took the deputy prime minister ...

  Bloomberg Hours after one of Boris Johnson’s longest-standing allies quit — with a stinging rebuke of his judgment — the UK prime minister gathered shell-shocked staff in Downing Street to tell them “change is good.” But while Johnson has tried to put his trademark optimistic spin on yet another week of turmoil, the ebullient persona that carried him to ...