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

  Bloomberg A “colossal” investment in nuclear energy will be needed over the next 30 years to meet the European Union’s emissions reduction targets and growing demand for electricity, the bloc’s internal market chief Thierry Breton said. Existing nuclear plants need 50 billion euros of investment through to 2030, while the next generation will require 500 billion euros ($568 billion) ...

  From Unilever Plc to Colgate-Palmolive Co., consumer goods makers in India are facing distribution blues that have nothing to do with pandemic-induced shortages and bottlenecks. The trusted middlemen that brands have traditionally relied on to reach millions of small neighbourhood stores in 8,000 towns and 660,000 villages are in revolt. It’s a mutiny that the multinationals have invited upon ...

Italy is out of the traps fast in 2022 with a new 30-year syndicated bond. It’s a bold move as European yields have increased substantially in recent weeks in conjunction with the selloff in US Treasuries. Investor appetite is still strong with over 43 billion euros ($49 billion) of orders for what is an expected 7 billion euro issue — ...

  Last October, Citigroup Inc. told about 70,000 of its employees to get Covid-19 vaccinations or lose their jobs. Today, the banking giant made good on that promise, telling its staff that any who remain unvaccinated by Jan. 14 will be placed on unpaid leave and then lose their jobs at month’s end. “As it has become crystal clear that ...

  Appealing for outside help to quell protests that have rocked Kazakhstan this week, President Kassym-Jomart Tokayev claimed his government was under attack by “terrorist” groups that had “received extensive training abroad.” In fact, ordinary Kazakhs have plenty reason of their own to be angry. Tokayev would be better off addressing that frustration than trying to violently suppress it. The ...

  Bloomberg Creditors of struggling airline PT Garuda Indonesia have submitted about 198 trillion rupiah ($13.8 billion) in claims as part of a debt restructuring, according to court-appointed administrators. The administrators for the flag carrier received claims from more than 470 creditors by the end of a January 5 deadline, Martin Patrick Nagel and Jandri Siadari, members of the team ...

  Bloomberg Chinese cosmetics manufacturer Shanghai Chicmax Cosmetic Co. is planning an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter. Shanghai-based Chicmax is working with China International Capital Corp., Citic Securities Co. and JPMorgan Chase & Co. on the proposed share sale that could raise several hundred million dollars, the ...

  Bloomberg Air France-KLM will apply a surcharge to its tickets prices to help fund the extra cost of using sustainable aviation fuel, going beyond voluntary measures that have so far prevailed in the industry. The move will add between 1 and 12 euros ($1.1-$13.6) to the cost of a flight depending on the distance traveled and the class, according ...

  Bloomberg The bull market in the S&P 500 has further to run as the pandemic becomes endemic mid-year, according to Julian Emanuel, who in late 2019 correctly predicted the boom in retail investing. Continued fiscal and monetary support even if it’s diminishing — will help underpin US stocks this year along with historically low interest rates and robust US ...

  Bloomberg Shares of technology and internet stocks fell on Monday, extending recent declines as investors continued to monitor a rise in Treasury yields. Losses were widespread across the group, with megacap names, semiconductor stocks and the software sector all tumbling. The group led broad declines in the US equity market, and the Nasdaq 100 Index fell more than 2%. ...