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

Aggressive, no-holds-barred shareholder activism has met with plenty of cultural resistance in Asia, most notably in Japan and South Korea. Now, it’s India’s turn to curb American investors’ enthusiasm. Or so it would seem from the latest twist in the fight over Zee Entertainment Ltd, the country’s largest publicly traded television network. “Sometimes, it happens that a company must be ...

Sharjah / Emirates Business As part of its continuous efforts to promote Sharjah’s investment landscape across its tourism sector and showcase its upcoming projects and new partnerships, the Sharjah Investment and Development Authority (Shurooq) will be participating in the World Travel Market 2021, to be held as a hybrid event – physical and virtual – in London, from November 1 ...

Microsoft Corp is in the technology sweet spot. With another stellar quarter fueled by growth of the cloud computing business, the software giant is showing that it could have the best fundamental outlook among its tech giant peers. The company said revenue totaled $45.3 billion in its fiscal first quarter, a jump of 22% from a year earlier and more ...

The European Central Bank (ECB) policy meeting was meant to be a snoozer. The important decisions on post-pandemic monetary stimulus aren’t really expected until the quarterly review on December 16. However, the recent sharp rise in short-end yields will probably compel ECB President Christine Lagarde to come up with dovish smooth-talk. It will take all her considerable political skills to ...

Bloomberg Avianca Holdings SA asked a judge for permission to exit bankruptcy under a plan that the airline says will eliminate about $3 billion in debt and preserve over 10,000 jobs. Latin America’s second-largest airline before the pandemic presented its restructuring plan at a hearing in New York. If approved, the 102-year-old company is eyeing an exit from bankruptcy this ...

China’s Communist leaders have always been comfortable with contradictions. How else could a party that rules in the name of Marxism-Leninism have created a country with more billionaires and wider income disparities than many capitalist democracies? It’s even baked into the governing ideology, which sees dynamic opposing forces as ever-present, with society moving forward as these are resolved in a ...

Bloomberg London’s Heathrow airport said it saw its first full quarter of passenger growth since 2019 as restrictions eased and travellers returned to flying. Traffic reached 28% of pre-pandemic levels in the third quarter, the airport said as it reported financial results. However, 3.4 billion pounds ($4.7 billion) in losses since the start of the Covid outbreak “underscore the long ...

Bloomberg United Airlines Inc told a federal judge the company is spending millions on paid leave for unvaccinated pilots because their colleagues “refuse to risk their safety” by flying with them. The leave is costing United about $1.4 million every two weeks — money it’s unlikely to recover even if it wins a lawsuit challenging the airline’s vaccine mandate for ...

Bloomberg The Biden administration issued new rules for travellers to the US requiring proof of full vaccination against Covid-19 in addition to a recent negative test for the virus. People from countries with low supplies of vaccines who aren’t traveling on tourist visas, and those under 18, will be exempt from the vaccine requirement, senior administration officials said. US citizens ...

Bloomberg Shoemaker Allbirds and its existing shareholders are seeking to raise up to $269 million in an IPO, adding to a fast-paced season for consumer-oriented listings in the US The San Francisco-based company is marketing 15.4 million shares for $12 to $14 each, according to its filing with the US Securities and Exchange Commission. Existing backers are selling an additional ...