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

Bloomberg One of France’s biggest energy companies has delayed a decision on a $7 billion deal to import liquefied natural gas (LNG) from the US after pressure from the government in Paris to seek cleaner supplies of the fuel. Engie SA said it has postponed work on a contract to take LNG from NextDecade Corp’s operation, which is fed by ...

Bloomberg TC Energy Corp offered to buy all the shares of TC PipeLines LP it doesn’t already own for about $1.48 billion, the latest move to eliminate a master limited partnership structure, a corporate structure once popular in the US pipeline industry. Investors would receive 0.65 common shares of Calgary-based TC Energy for each unit of TC PipeLines, the companies ...

Both presidential candidates were on better behaviour for the second debate than for the first, which meant each could speak in full sentences without being interrupted by the other’s insults. As different as the debates were, though, the upshot was the same. Most of the evidence we have suggests that President Donald Trump came into each debate significantly behind Joe ...

One takeaway from the third-quarter earnings we’ve seen so far is that consumers are still spending — and they’re reaching for big, well-known brands for everything from food to face cream. This has played out most dramatically in high-end retail, where in some cases wealthy shoppers are buying more expensive goods than they were a year ago. There are a ...

We all suffer multiple bouts of the common cold throughout our lives and never think twice about it. We live with recurring influenza seasons despite a vaccine. But what about Covid-19? Repeat occurrences of cold and flu happen because our immune systems seem to “forget” the previous infection. Sometimes, a case isn’t serious enough for the body to develop an ...

With Judge Amy Coney Barrett’s confirmation to the Supreme Court all but certain, Democrats are toying with ways to reform the court. Former Vice President Joe Biden plans to suggest a bipartisan commission to study the options. Unfortunately, the proposals all have serious flaws. Either their constitutionality is doubtful or they would undercut the tremendously valuable role that the court ...

Bloomberg Airbus SE is preparing to ramp up output next year of its most important jet, the A320neo, in a sign of growing confidence on the part of the European planemaker that jetliner demand is poised to recover. While no decision has been made, suppliers have been told to be ready to support a monthly rate of 47 A320neo-family planes ...

Bloomberg At a time most airlines are shedding jobs, there is one that’s hiring — a new low-cost carrier called Zipair Tokyo Inc. The unit of Japan Airlines Co will take on around 100 employees from the broader JAL group as it launches passenger flights between Tokyo and cities including Bangkok and Seoul, a JAL spokesman said. The budget airline ...

Bloomberg To block or not to block. The middle seat has become a critical issue for airlines as coronavirus-wary leisure travelers straggle back onto planes. Southwest Airlines Co said that it would begin filling middle seats on December 1. The change leaves Delta Air Lines Inc and Alaska Air Group Inc as the only two major US carriers that will ...

Bloomberg A group of creditors to JC Penney is seeking to slow the sale of the bankrupt retailer’s real estate to another group of lenders, saying that it provides the buyers an undeserved windfall and reeks “of not only greed but abhorrent bad faith.” The objecting creditors, led by Aurelius Capital Management, say they submitted a $750 million competing bid ...