Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Volvo Cars has reported its first operating loss since its 2021 stock market listing in Stockholm as higher US tariffs and restructuring costs hurt its profitability. The Swedish group, owned by China’s Geely, reported on Thursday an operating loss of SKr10bn ($1bn) for the April to June quarter, compared with a profit of SKr8bn a year earlier and an average analyst estimate of a profit of SKr2.3bn, according to S&P Capital IQ. Revenue also declined 8 per cent to SKr 93.5bn as retail sales…
We’ve all been there – you walk into a meeting, and before you even say hello, your scent has already introduced you. And not in a good way. Whether it’s the coworker who smells like a candy store or the one who leaves a trail of heavy musk long after they’ve left the room, strong perfumes in close quarters can be… a lot. So how do you find a scent that whispers “polished professional” rather than screams “walking air freshener”? It’s all about balance. Here’s how to pick a work-appropriate fragrance that keeps you smelling great, without becoming office gossip. Avoid…
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Yesterday morning it was reported that Donald Trump met congressional Republicans to discuss firing Federal Reserve chair Jay Powell. Markets freaked. In less than an hour, 2-year Treasury yields fell 6 basis points, the S&P 500 fell 0.8 per cent and the dollar dropped. The president then denied the whole thing and markets recovered. We’re not sure what game the president is playing. While…
An upcoming reality TV show starring BrewDog founder James Watt promises “the unfiltered truth of what it takes to build a unicorn”.A showcase for the beer entrepreneur, House of Unicorns is a Dragons’ Den meets The Apprentice mash-up that will give start-ups a crash course in how to reach that fabled $1bn valuation. What we’re hoping for is an episode on liquidity preference, given its central role in the 2017 deal with private equity outfit TSG Consumer Partners that established Watt as a unicorn founder and made his fortune. Because, with hindsight, the terms of that transaction turned what was…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Publicis has upgraded its full year growth forecasts as the French advertising group capitalised on the weakness of rivals such as UK-based WPP to grow its revenues by more than 10 per cent in the first half.Arthur Sadoun, chief executive of Publicis, said the growth had been achieved by winning new business, despite a challenging macroeconomic environment. After winning key mandates from US rival IPG last year, Publicis has this year taken work from Coke and Mars, both major WPP clients.On Thursday…
Catherine Bloom calls her new workplace “a raw fashion studio”. The renovation of the 3,700 sq ft former Nordstrom Local store on Melrose Place in Los Angeles isn’t quite finished, but the 63-year-old is already welcoming clients — discreetly, via the back door, where they can easily valet.Those shoppers are mostly her longtime customers from Neiman Marcus, where Bloom spent decades as the reigning champion of personal shopping, with a fiefdom dubbed Bloom’s Room. She had been with Neiman Marcus since she joined as a part-time sales associate aged 18. It was major news, then, when rival department store Nordstrom…
Image: Getty Images/ For illustrative purposes Dubai has unveiled a global classification system aimed at distinguishing the role of humans and intelligent machines in the creation of research, academic, creative and scientific content, in a move that sets a precedent amid the growing use of AI and automation in content production. The Human–Machine Collaboration (HMC) classification system, developed by the Dubai Future Foundation, was approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of the Foundation’s Board of Trustees. “Distinguishing between human creativity…
Stay informed with free updatesSimply sign up to the UK tax myFT Digest — delivered directly to your inbox.The chief executive of Canada’s largest bank has warned the UK government against introducing a new wealth tax, saying it would compound the exodus of rich people from the country following the abolition of the non-dom regime. Dave McKay, the boss of Royal Bank of Canada, which has a large wealth management business in the UK, said that increasing the tax burden on the wealthy would “100 per cent” result in people leaving for “a lower tax jurisdiction”. “If you put in…
Donald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell, and Wall Street saw a surprise comeback in investment banking fees. Plus, the UK’s inflation rate rose higher than expected last month, and yields on Japan’s 10-year government debt jumped ahead of Sunday’s election.Mentioned in this podcast:Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell Goldman Sachs profits jump 22% after investment banking gains UK inflation unexpectedly rises to 18-month high of 3.6%Japan’s 10-year yield hits highest level since 2008 financial crisisCredit: Fox NewsSend in your Swamp Notes questions (Marc.Filippino@FT.com)Today’s FT News Briefing was produced…
Image: Air Arabia Air Arabia Abu Dhabi has added two new Airbus A320 aircraft to its fleet, bringing the total number of aircraft operated by the capital’s first low-cost carrier to 12, the airline announced on Wednesday. The fleet expansion is part of the carrier’s broader strategy to scale operations and strengthen Abu Dhabi’s role as a growing aviation hub. The airline also plans to add two more A320s by the end of 2025, which will raise total capacity by 40 per cent. The increase is intended to support growing demand for travel and aligns with the emirate’s economic and…