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

  Bloomberg Thousands of US flight cancellations cascaded into the first workday of the new year as ongoing Covid-19 issues among airline workers were compounded by winter storms hitting the northeast. More than 2,830 flights were canceled as of 2 p.m. New York time on Monday, according to data tracker FlightAware.com, the highest daily total in more than a month. ...

  Bloomberg Aviation trade groups have asked the White House to intervene in the standoff between airlines and telecommunications companies over a planned expansion of 5G service. “We respectfully call on President Biden to intervene and delay the full implementation of C-band 5G until proper risk assessments have taken place and crewmembers are fully briefed as to the extent of ...

  Bloomberg UK airline stocks surged as London traders played catch-up following Monday’s holiday while digesting data suggesting a milder impact from Omicron than prior Covid-19 variants. British Airways owner IAG SA soared as much as 11%, the most in more than three months, with short-haul peer Wizz Air Holdings Plc also gaining 11% as it reported a jump in ...

  Bloomberg Sydneysiders are facing empty shelves at some supermarkets as exploding coronavirus cases force a range of staff from truck drivers to warehouse workers into isolation. Woolworths Group Ltd., Australia’s biggest supermarket operator, said some store deliveries are being delayed, while rival Coles Group Ltd. said growing numbers of staff are isolating because of household exposure to the virus. ...

  Bloomberg Amazon.com Inc brushed off media speculation that it was suspending sales of its Kindle e-reader in China, after some of its signature product’s models went out of stock on Chinese platforms. “We remain committed to our customers in China,” a company spokesperson said in a statement. “Customers can continue to purchase Kindle e-readers from offline and third-party online ...

  Bloomberg Beijing is calling on the world’s nuclear powers to expand discussions on global security to include emerging threats, following a rare multilateral pledge to temper the risks of nuclear war. Fu Cong, director-general of the Chinese Foreign Ministry’s Arms Control Department, told reporters in Beijing on Tuesday that the so-called P5 nations — China, France, Russia, the US ...

  Bloomberg Sudan’s army is incapable of running the impoverished country and new leaders are needed to stem further unrest, the United Nations special envoy said, after the prime minister’s Sunday resignation once again left the military in sole charge. The generals, who launched a coup in October before restoring Premier Abdalla Hamdok to office the following month, are unable ...

  Bloomberg Former President Donald Trump’s two eldest children have been subpoenaed by New York authorities probing whether his real-estate business manipulated the value of key assets for tax and insurance purposes. Ivanka Trump and Donald Trump Jr., longtime business associates of their father, filed a joint motion in New York state court to block the subpoenas, accusing New York ...

  Bloomberg Venezuelan opposition political parties extended Juan Guaido’s mandate as the country’s interim president, but in a more limited capacity that deals a blow to the US-backed effort to confront President Nicolas Maduro. The opposition’s legislative body, following up on December 27’s preliminary approval, voted to amend a governing statute in order to extend its own term for another ...

  Bloomberg The medical team treating Brazil’s Jair Bolsonaro has ruled out the need for surgery for now as the president’s condition improved after a day of clinical treatment. The Vila Nova Star Hospital, where the president was admitted in the early hours of Monday after feeling abdominal pain, said in a statement Tuesday morning that Bolsonaro’s intestinal obstruction “disappeared” ...