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

BLOOMBERG London’s Gatwick Airport Ltd is seeking planning permission to bring its second runway into full-time use, potentially raising capacity by tens of millions of passengers annually as air travel rebounds post-pandemic. The UK’s second-largest airport wants to open the strip, currently used as a taxiway or as an emergency measure when the main runway is out of service, for ...

BLOOMBERG Mexico’s Grupo Viva Aerobus SAB signed a preliminary order for 90 Airbus SE A321 jets as the carrier looks to expand its international and domestic operations. The European planemaker said that the so-called memorandum of understanding would bring Viva’s order book to 170 A320 family aircraft. Separately, jet engine maker Pratt & Whitney said that the new aircraft would ...

BLOOMBERG JetBlue Airways Corp is ending a legal fight to keep its regional alliance with American Airlines Group Inc in an attempt to win regulatory support for its acquisition of Spirit Airlines Inc. JetBlue said that it won’t appeal a federal court finding that its Northeast Alliance violates antitrust laws and will wind down the venture with American “over the ...

BLOOMBERG A slow-moving storm system could pound the US northeast with more than 6 inches of rain starting from Sunday, with areas including New York City on alert for flash flooding. About 80 million people from Washington to Portland, Maine, could see a month’s worth of rain in just a few hours, according to forecasts. The storms may dump a ...

BLOOMBERG The US decision to provide controversial cluster bombs to Ukraine continues to cause waves, with some Nato members – all strong allies to Kyiv — questioning the move. Ukraine has said it will maintain strict controls over the use of the weapons. Italian Prime Minister Giorgia Meloni, in a statement, called for the “universal application of the principles of ...

BLOOMBERG The UK opposition Labour Party faces the prospect of regaining power against a backdrop of record high debt, but that won’t stop it from spending to invest in policy priorities, said shadow Chancellor Rachel Reeves. “All of our policies are subject to our fiscal rules, which means paying for day-to-day spending through tax receipts and getting debt down as ...

BLOOMBERG The world may have been shocked by images of burning cars and buildings during riots in France this month, but for French business leaders gathered in Aix-en-Provence, it’s overblown. Many of the attendees of a gathering in Aix that’s often dubbed the “French Davos” insisted on the resilience of the nation’s economy — even as they conceded that some ...

BLOOMBERG Electric vehicle (EV) sales growth, while still brisk, has begun to slow in the US as inventory of battery-powered models piles up on dealer lots. Sales of plug-in models grew by nearly 50% in the first half of the year, according to data from researcher Motor Intelligence. That’s less than the 65% growth rate for all of 2022 and ...

BLOOMBERG Since Meta Platforms  launched Threads, millions of users have joined the new social platform that promises “positive, productive conversations” — an apparent swipe at the divisive rhetoric that is common on Twitter and other sites. That promise will be more difficult to keep as the app’s popularity grows — it’s so far drawn 70 million users. That early adopter ...

GENEVA / WAM 50 young people from 24 countries have sent a message of hope to the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), which will be hosted by the UAE later this year. The message was delivered during a special ceremony as part of the second edition of the Emerging Peacemakers Forum, ...