Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It has been a trying few weeks for Britain’s chancellor Rachel Reeves. The UK government reversed over £6bn of her planned savings on welfare payments. A teary appearance in parliament then added to speculation about her job. Now she faces daunting questions over how she will balance the books ahead of the autumn Budget. Reeves did, however, manage to provide a brief but positive distraction on Tuesday night by unveiling a number of promising reforms to boost the UK’s financial sector at…
Deutsche Bank strategist Henry Allen said for the fourth straight year, markets are complacent over inflation, but tariffs are making that a dangerous viewpoint right now. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China has sentenced a Japanese pharmaceutical executive to three and a half years in prison for espionage, a decision that will raise concerns among foreign businesses and which drew warnings from Japan that opaque judicial processes were deterring travel to the country.The court in Beijing on Wednesday handed down the sentence to a local senior executive with Astellas Pharma, who had been arrested and indicted on charges of espionage two years ago, according to the Japanese embassy in Beijing.The embassy said the…
Image: GHA Global Hotel Alliance (GHA), the Dubai-based collective of independent hotel brands, reported solid growth in H1 2025, fuelled by a surge in international travel and a strong Q2 performance. Revenues for the group’s member hotels reached $1.5bn for the six months ending June 30, up 17 per cent year-on-year from $1.3bn in H1 2024. International stays, which continue to form the backbone of GHA’s business, accounted for 70 per cent of room revenues, climbing 21 per cent year-on-year to $810m. The group noted that the United States remained the top source market for international bookings, contributing 15 per…
As more people ask chatbots for financial advice, creating the right prompts is the key to getting useful answers. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The boss of insurer Allianz has warned that Germany risks becoming the “sick man of Europe” and predicted its social security system could collapse within a decade unless the government cuts spending.At Allianz’s annual media briefing on Wednesday, Oliver Bäte said: “We’re back to where we were in 1997 . . . when Germany was called the sick man of Europe.” He added that while unemployment remained well below the 5mn mark of the time, the country faces mounting risks mainly from unsustainable growth in healthcare…
Bayut, UAE’s property portal, has released its analysis of search and pricing trends in Abu Dhabi’s real estate market for the first half of 2025. The data highlights the capital’s continued momentum as a stable and high-return investment destination, supported by infrastructure development and investor-focused government policies. Property buying trends in Abu Dhabi Abu Dhabi’s real estate market has shown resilience and strong growth in the first half of 2025, attracting investors across segments: Affordable properties: Buyers looking for budget-friendly options focused on areas like Al Reef, Al Ghadeer, Khalifa City, and Al Shamkha. Mid-tier interest: Al Reem Island, Masdar…
Image credit: Supplied Artificial intelligence is at the heart of the UAE’s government modernisation agenda. AI is projected to contribute nearly 14 per cent of the UAE’s GDP by 2030, according to global estimates, and the nation is acting swiftly to unlock its full potential. The following six areas exemplify how the UAE government is already putting AI to work to reshape public services. Read-Careem enhances grocery shopping with AI-based list-to-cart tool 1. Virtual assistants for round-the-clock public support AI-powered virtual assistants are increasingly present on government platforms, handling a wide range of citizen queries. These bots use natural language…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Diageo’s board is planning to replace chief executive Debra Crew in an effort to revive the embattled spirits group, after falling alcohol sales and waning investor confidence battered its share price. The board of the company behind Johnnie Walker and Guinness is searching for a new chief executive to lead a turnaround, according to people familiar with the matter.Chief financial officer Nik Jhangiani, who has quickly won over some major investors since joining Diageo last September, is a potential candidate to step…
Stay informed with free updatesSimply sign up to the Pharmaceuticals sector myFT Digest — delivered directly to your inbox.Johnson & Johnson has shrugged off the impact of tariffs as the US-based healthcare group raised its earnings and sales guidance for 2025. J&J, which warned of $400mn in duty costs following President Donald Trump’s “liberation day” tariffs announcement in April, said on Wednesday that second-quarter sales increased to $23.7bn year-on-year, above the $22.8bn forecast by analysts. The drug and medical equipment maker increased its adjusted sales growth forecast for 2025 from 2-3 per cent to 3.2-3.7 per cent on Wednesday as…