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

A company’s reputation is to all intents largely perception — but to get it to a better place, the reality has to be somewhat altered. No major bank’s reputation this year has suffered more this year than Credit Suisse Group AG. Incoming chair Antonio Horta-Osorio is tasked with restoring the Swiss institution to its former poise. But he doesn’t actually ...

A Black ex-cop who takes a strident tone against rising gun violence is likely to be the next mayor of New York City. As unlikely as this may seem to outsiders, especially after a year of protests over police killings of Black men, the success of Eric Adams should not come as a surprise. That’s because Black voters in the ...

Bloomberg United Airlines Holdings Inc is poised to buy more than 200 Airbus SE and Boeing Co jetliners, one of the largest purchases in its history, as the US carrier revamps its single-aisle fleet with more efficient planes, according to people familiar with the plans. While terms are still being finalised and the order size is in flux, the total ...

Bloomberg Samokat, Russia’s biggest instant grocery-delivery service by orders, is aiming to be the first of its peers to take a share of the booming US market. The founders of the St Petersburg-based company are launching the service, to be called Buyk, in August in New York. They are targeting 10,000 orders a month there by year-end. “We understand that ...

Bloomberg France’s Safran SA is considering building an engine-repair facility in India, after winning its biggest-ever turbine deal last month with joint venture partner General Electric Co. The project would be aimed at customers of the venture, CFM International, which was selected by IndiGo, the nation’s top airline, to supply engines for 310 new Airbus SE A320-family aircraft. A final ...

Bloomberg Icelandic startup Play Air Hf reported strong bookings for the coming weeks as it started operations with a flight to London Stansted airport. Sales for the latter part of July and August are particularly healthy, fuelled by demand from locals eager to head south for a vacation after more than a year of coronavirus lockdowns, according to CEO Birgir ...

Bloomberg British online food retailer Ocado Group Plc has settled its bitter legal fight with one of its co-founders, after he obtained confidential information to help set up a rival business. Ocado sued Jonathan Faiman as well as his business partner Jon Hillary, who also previously worked for the company, and their business Project Today Holdings Ltd for breach of ...

Bloomberg The owner of former Sears stores is looking to sell as many as 50 properties as it tries to generate cash and focus on the development of other sites it owns. Seritage Growth Properties, a real estate investment trust that emerged from the Sears bankruptcy, wants to unload 40 to 50 sites that “were less interesting in terms of ...

Bloomberg Former President Donald Trump opened his score-settling summer tour with a rally before thousands of supporters in Ohio, returning to his familiar script of grievances, exaggerated claims and support for loyal Republicans. The gathering outside Cleveland was Trump’s first public event to back candidates he favours for the 2022 midterms and work to unseat the 10 GOP members of ...

Bloomberg UK Prime Minister Boris Johnson moved to re-establish his government’s authority after the health secretary resigned for breaking his own pandemic rules. Matt Hancock quit after he was caught embracing a senior aide in his office, in breach of the social distancing guidelines he helped to create. The episode rebounded immediately on Johnson, who had initially fought to keep ...