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

With less than a month remaining in the presidential campaign, the country faces the specter of a chaotic Election Day. President Donald Trump has urged his supporters to “go in to the polls and watch very carefully” — a suggestion that can be interpreted as a call for greater participation in the long-established practice of election observing, or as an ...

Bloomberg Apollo Global Management Inc won court approval to provide a $1 billion bankruptcy loan for Grupo Aeromexico SAB, paving the way for the airline to proceed with its restructuring plans. The decision resolves a clash between Apollo and a group of bondholders while bolstering Aeromexico’s efforts to weather an unprecedented collapse in air travel. The disagreement had prompted a ...

Bloomberg A union representing Cathay Pacific Airways Ltd crew called on members to sign a petition to prize out more information about a restructuring plan amid concerns that the troubled carrier is set to cut jobs. “The whole crew community is shrouded in anxiety with numerous unverified news about redundancy circulating among social media groups,” Cathay Pacific Airways Flight Attendants ...

Bloomberg Tesco Plc’s new chief executive officer reported a strong rise in first-half sales as more people bought groceries while working from home during the pandemic. Tesco’s like-for-likes sales in the UK and Ireland, its core market, rose 7.2% as people ate more at home than in cafes and restaurants. Tesco also slightly upgraded its outlook on retail profitability for ...

Bloomberg Malaysia Airlines Bhd is continuing talks with leasing companies about a restructuring plan as it tries to weather the coronavirus pandemic. Malaysia Aviation Group, the holding company for the country’s flag carrier, is pleased with the level of support it has received from lessors and is “confident that there are appropriate legal mechanisms available should that support not be ...

Bloomberg TUI AG’s finance chief will leave at year-end in a setback for the struggling tour operator as it works on plans to raise more cash. Chief Financial Officer Birgit Conix told the company she won’t extend her contract, TUI said. Sebastian Ebel, who is already a member of the executive board, will take over on January 1, according to ...

Bloomberg Boeing sees a turbulent ride ahead for the world’s jetliner market, with sales contracting sharply this decade before eventually rebounding in the 2030s as new models and technologies spur growth. Boeing released the report days after deciding to consolidate production of its marquee 787 Dreamliner in South Carolina, shutting down a final assembly line at a storied plant in ...

Bloomberg Kim Jong-un paraded ballistic missiles and thousands of troops through Pyongyang in the largest such event in at least two years, with the North Korean leader vowing only to unleash his nuclear arsenal to prevent an attack. North Korean state television on Saturday showed battalions marching under the bright lights of Pyongyang’s main square in a rare night parade ...

Bloomberg China has deployed tens of thousands of soldiers on India’s Northern border, Secretary of State Michael Pompeo said, in further signs that a deadly military standoff between the world’s two most populous countries is far from cooling down. “The Indians are seeing 60,000 Chinese soldiers on their northern border,” Pompeo said on Fox News. Each of the three major ...

Bloomberg Azerbaijan and Armenia traded accusations of ceasefire violations after Russia said it secured a humanitarian truce in overnight talks with the two former Soviet republics. Azerbaijan’s Defense Ministry said Armenians continued to fire on its positions south, east and northeast of the disputed territory of Nagorno-Karabakh. Armenia’s Defense Ministry denied that and accused Baku of attacking, while the armed ...