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

Few things are as intellectually thrilling as watching an idea spring to life, capturing more and more minds until it becomes conventional wisdom. And there are few areas of law where this has been as pronounced as antitrust. Forty-three years ago, Robert Bork, who was a professor at Yale Law School at the time, wrote “The Antitrust Paradox,” which argued ...

Bloomberg American Airlines group Inc. is kicking off a $7.5 billion sale of bonds and leveraged loans backstopped by its frequent-flyer program, capitalising on low borrowing costs to repay US government loans that have helped it navigate the pandemic. The carrier is marketing two $2.5 billion series of notes maturing in 2026 and 2029, and a term loan credit facility ...

Bloomberg Amazon.com Inc. scooped up a minority stake in a cargo airline that operates a portion of its fast-growing air-cargo division, the latest sign of the retailer’s long-term ambitions to expand its air-freight operations. Amazon spent $131 million to acquire about 13.5 million shares of Air Transport Services Group Inc., the air cargo operator said in a securities filing, exercising ...

Bloomberg Massmart Holdings Ltd. is selling three more units as the Walmart Inc.-owned South African retailer steps up efforts to turn around the company. Barclays Plc has been appointed to dispose of food-seller Cambridge, cash-and-carry chain Rhino and Massfresh, which is made up of The Fruitspot and a meat-processing facility, Massmart said in a statement. It has not yet had ...

Bloomberg Lego booked record sales and profit last year, as consumers of all ages turned to its iconic toy bricks during the pandemic. Net income rise 19% to 9.9 billion kroner, the company, which is based in western Denmark, said on Wednesday. Sales gained 13% to 43.7 billion kroner, the most Lego has ever brought in during a single year. ...

Bloomberg US airlines, joined by travel groups and labour, urged the Biden administration to take the lead in developing standards for temporary Covid-19 health credentials that would help reopen global travel by documenting vaccinations and test results. The US “must be a leader” in efforts already underway in other regions to implement such travel passports, groups including Airlines for America ...

Bloomberg Gap Inc. is weighing options including a potential sale for its China business, according to people with knowledge of the matter, as the US clothing retailer looks to revamp the operation in the world’s second-largest economy. The company is working with Morgan Stanley to study options and has reached out to prospective suitors to gauge interest for the business, ...

Bloomberg The US accepted a troop-funding increase from South Korea significantly less than demanded by the Trump administration, underscoring President Joe Biden’s efforts to ease tensions with a key ally often criticised by his predecessor. South Korea agreed to pay 1.18 trillion won ($1.04 billion) to the US for security this year, about a 14% increase from 2019, the Foreign ...

Bloomberg Libyan lawmakers approved the country’s first unified government in about seven years, overcoming a major hurdle in a fragile political reconciliation that’s supposed to end almost a decade of conflict. Lawmakers overwhelmingly backed Prime Minister Abdul Hamid Mohammed Dbeibah’s proposed transitional administration during a third joint session of the North African nation’s two rival assemblies. The new cabinet, made ...

Bloomberg India plans to buy 30 armed drones from the US to boost its sea and land defenses as tensions persist with neighbors China and Pakistan, according to reports. The South Asian nation will approve next month the $3 billion purchase of 30 MQ-9B Predator drones manufactured by San Diego-based General Atomics, the officials said, asking not to be identified ...