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

  Bloomberg US aviation regulators say they’ve made progress reducing the risk of flight disruptions from new 5G service that’s set to start January 19, but are still releasing scores of potential limitations across the country. The Federal Aviation Administration expects to provide information soon on what percentage of aircraft will be subject to the restrictions, the agency said in ...

  Bloomberg Singapore Airlines Ltd became the first carrier to tap the debt market for dollars in 2022, raising funds at a discount to peers thanks to its government backing. The flag carrier sold $600 million of seven-year bonds to yield 3.493%. That’s nearly a percentage point lower than the average yield at issuance for global airline notes sold in ...

  Bloomberg Asos Plc is moving its stock listing to the London stock exchange’s main market in a long-anticipated shift to attract more investors as demand for party dresses and formal wear fuels sales. The UK online fashion retailer also said Thursday that sales over Christmas were solid, helped by brands like Topshop. After shocking the market with a profit ...

  Bloomberg Talks this week on Moscow’s demands for security guarantees from the US and its allies are at “a dead end,” a senior Russian diplomat said, stepping up the pressure on the West even as he and other officials held out the prospect of more diplomacy to ease tensions. “The US and its allies in effect are telling us ...

  Bloomberg Brazilians’ worries about unemployment and the latest Covid-19 surge continue to chip away at Jair Bolsonaro’s popularity, a poll found, leaving former president Luiz Inacio Lula da Silva on track to win this year’s election. The economy is the nation’s biggest problem, according to 37% of those surveyed by Genial Investimentos and polling company Quaest Consultoria. Unemployment was ...

  Bloomberg US consumer prices soared last year by the most in nearly four decades, illustrating red-hot inflation that sets the stage for the start of Federal Reserve interest-rate hikes as soon as March. The consumer price index climbed 7% in 2021, the largest 12-month gain since June 1982, according to Labour Department data. The widely followed inflation gauge rose ...

  Bloomberg Britain’s poorest households are facing a 3 billion pound ($4.1 billion) squeeze on living standards in April when their benefits will rise by half the expected rate of inflation, the Institute for Fiscal Studies said. To protect those on low incomes from the looming spike in energy in bills, the government should change this year’s benefit uprating to ...

  Bloomberg Italy’s government is working on a spending package that won’t require revising its budget to expand the deficit. The measures could be announced as early as next week and would bring targeted relief to sectors hit by the surge in Covid-19 infections, such as tourism, the people said, asking not to be named discussing confidential plans. The package ...

  Bloomberg Facebook parent company Meta Platforms Inc has delayed plans to bring employees back to the office, and will require those who do come back to have a booster shot to protect against Covid-19. Employees are expected to return to the office on March 28, according to a company spokeswoman. Meta already announced last summer that it would require ...

  Bloomberg Tesla Inc agreed to purchase nickel supplies from miner Talon Metals Corp. as an expected surge in demand spurs automakers to secure access to battery metals and other electric-car parts. Tesla committed to purchase 75,000 metric tons of nickel concentrates produced from Talon’s Tamarack project, with the price linked to the London Metal Exchange’s cash-settlement price for nickel, ...