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

  New European bond issuance had a hesitant start to 2022, with the first week constrained by the release of hawkish minutes from the Federal Reserve. But the second week more than made up for it: A new record was set with over 144 billion euros ($165 billion) of Europe-originated syndicated bond deals printed so far this year. This week’s ...

  Many of us fantasize about quitting our jobs. In 2021, more people than ever turned that dream into reality. The latest US Bureau of Labour Statistics data show that 4.53 million Americans voluntarily left their jobs last November. This was both a new monthly record and the eighth successive reading above the pre-pandemic high. In the UK, the story ...

  Bloomberg Airlines around the world are adjusting their schedules and aircraft deployments for flights to the US over fears that a 5G rollout by AT&T Inc. and Verizon Communications Inc. near American airports could interfere with key safety systems. Dubai’s Emirates said it will suspend flights to several US cities, including Chicago, Newark and San Francisco, while Japan Airlines ...

  Bloomberg Airbus SE plans to hire 6,000 new staff in the first part of the year, going some way toward restoring the European planemaker’s workforce following deep cuts during the Covid-19 pandemic. The manufacturer will add positions worldwide and across its aerospace, helicopter and defense & space units, according to a statement on Wednesday. The firm will reassess further ...

  Bloomberg Burberry Group Plc said sales accelerated and operating profit will probably surge about 35% this year as the British maker of trench coats and other luxury fashions sells more products at full prices. The company issued the earnings forecast as it reported better-than-expected revenue for the last three months of the year. Comparable store sales grew 7% in ...

  Bloomberg Struggling airline PT Garuda Indonesia is facing a delay to its restructuring after creditors cited Covid-19 flare ups in seeking an extension to debt proceedings in the Southeast Asian country. Creditors of the flag carrier, which has seen business suffer due to the pandemic, have requested extensions ranging from 45 to 60 days, according to Jandri Siadari, a ...

  Bloomberg A coalition of trade associations representing some of the world’s largest retailers called on US antitrust regulators to examine the fees charged by credit-card companies after Amazon.com Inc threatened to ban Visa Inc cards in the UK. The group said it was concerned about the “excessively high” fees Visa and rival Mastercard Inc. charge retailers. Amazon this week ...

  Bloomberg Canadian border agents began refusing entry to unvaccinated American truckers just days ago, and it’s already causing chaos— particularly in fruit and vegetable markets. A mandate starting January 15 requires truck drivers crossing into Canada to be vaccinated. However, only about half of American truck drivers have gotten their shots. Meanwhile, as much as 90% of Canada’s fruits ...

  Bloomberg Secretary of State Antony Blinken will meet with Russian Foreign Minister Sergei Lavrov in Geneva this week as the US ramps up its warnings that Moscow is prepared to attack Ukraine. Blinken will press Russia to immediately de-escalate tensions on the Russian border with Ukraine, where Moscow has massed more than 100,000 troops and equipment, according to a ...

  Bloomberg Former Ukrainian President Petro Poroshenko was released on his own recognizance by a court during a treason investigation that has ratcheted up political tension as the country confronts Russian troops amassing on its eastern border. The decision by the Kyiv court followed Poroshenko’s return from abroad on Monday to face charges over allegations he facilitated coal deals last ...