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

What a difference a year makes for many corporate bosses in advanced economies. Some 12 months ago, they were dealing with the sudden and brutal disappearance of demand for their products. Today, demand is not a problem for most of them; it is surging. Rather, they are struggling to secure supplies, including the raw material inputs and workers needed to ...

Bloomberg Cairn Energy Plc is dragging the unprofitable, state-owned carrier Air India Ltd to a US court to seek payment of an arbitration award from the South Asian nation as part of a long-running tax dispute, according to a filing. The energy company, which last year won an arbitration award for $1.2 billion plus interest, is asking a court in ...

Bloomberg Philippine Airlines Inc has been in talks with its aircraft lessors about reducing its fleet size and returning some planes as part of a restructuring process, President Gilbert Santa Maria said in an interview with CNN Philippines. The carrier is stepping up cargo operations and flying to new destinations, particularly to the Pacific region, to generate revenue, Santa Maria ...

Bloomberg EasyJet Plc has hired headhunters to find a successor for its chairman, John Barton, with the aim of having a candidate in place by next year’s annual general meeting, Sky News reported, citing the company. The low-cost airline is working with Lygon Group to replace Barton, who’s preparing to step down. He’ll have served nine years in May 2022, ...

Bloomberg Amazon.com Inc will hire 10,000 more people in the UK, taking its total headcount in the country to 55,000 by the end of 2021 and making the ecommerce giant one of few big employers adding jobs during the pandemic. It comes a day after the world’s largest online retailer said it’s hiring 75,000 workers for its sprawling North American ...

Bloomberg Walmart Inc said fully vaccinated staff and customers can now leave their masks at home, a decision that could influence how other businesses respond to the latest government guidance. The nation’s biggest private employer said fully vaccinated staff need not wear a mask at work starting from May 18, the same day the retailer reports first-quarter results. The rule ...

Bloomberg Cereal giant General Mills Inc continued its push into what it calls the “humanisation of pets” with a $1.2 billion deal to buy a division from Tyson Foods Inc that sells treats under brands like Nudges and Top Chews. The division, started in 2011, tallied more than $240 million in revenue over the past 12 months through April 3, ...

Bloomberg Brussels should stop “point-scoring” and work with the UK to implement the Brexit trade deal, according to David Frost, the British minister in charge of relations with the European Union. Writing in the Mail on Sunday newspaper, he called on EU officials to cooperate over problems arising from the so-called Northern Irish protocol, which draws a trade border in ...

Bloomberg Representative Liz Cheney said former President Donald Trump’s role in her ouster was “dangerous” and that she’ll do all she can to prevent a second Trump term. “We have to recognise what it means for the nation to have a former president who has not conceded and who continues to suggest that our electoral system cannot function,” Cheney said ...

Bloomberg Germany’s Greens narrowed the gap to Chancellor Angela Merkel’s conservative alliance to one percentage point in the latest Insa poll for Bild am Sonntag newspaper. Merkel’s CDU/CSU bloc retained the lead but lost half a point to 25% compared with the previous week’s survey, while the Greens gained half a point to 24%. The Social Democrats, the junior partners ...