Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nvidia chief Jensen Huang said it would “accelerate the recovery” of its China sales, after a détente between Beijing and Washington allowed the leading AI chipmaker to resume shipments of a key processor specifically designed for the Chinese market.Huang told a press conference in the Chinese capital on Wednesday that the company had not yet received export licences from Washington to restart shipments of its H20 product, but he expected them “to come through very shortly”. Nvidia had reported a $4.5bn writedown…
Country icon Ella Langley has bought her first-ever home in the form of a lakefront retreat near her hometown of Montgomery, Alabama. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Stellantis said it would end efforts to develop hydrogen vehicles as it focuses its resources on electric cars and hybrids to meet EU’s tougher emissions standards.The decision leaves Stellantis’s hydrogen joint venture with Michelin and Forvia facing an uncertain future, with its partner companies warning of “serious and immediate operational and financial consequences”.The move by the owner of the Peugeot, Fiat and Opel brands also means that only a handful of carmakers, including Toyota, Hyundai and BMW, remain committed to expanding the…
Image: Getty Images/ For illustrative purposes Gold surged 26 per cent in the first half of 2025, notching 26 all-time highs and outperforming major asset classes as investors flocked to the safe-haven metal amid a weaker US dollar, stagnant bond yields, and mounting geopolitical tensions, according to the World Gold Council’s (WGC) mid-year outlook released Tuesday. The WGC report, titled “Downhill or Second Wind?”, explores whether gold has peaked or still has room to run in the second half of the year. It projects that gold could rise a further 0 per cent to 5 per cent under current consensus…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Under the gilded ceiling of the Mansion House’s Egyptian Hall about 300 City grandees were asked to charge their glasses of Mâcon-Montbellet La Bergerie to the “health of the chancellor of the exchequer”.Rachel Reeves was speaking for the second time at the Mansion House dinner, fresh from unveiling her ‘Leeds Reforms’ — a long awaited financial strategy that promised to “make the country more active and more confident”.However, amid the grandeur of the occasion on Tuesday night, the gathered audience of chief…
Image credit: Getty Images Apple is reportedly preparing to announce its iPhone 17 lineup in early September, continuing its tradition of fall hardware events. While the standard model appears to be an evolution rather than a revolution, significant design and performance upgrades are expected in the Pro variants—and the timing aligns closely with the company’s annual release pattern. Read-Apple just leveled up AirPods: Here’s what’s new According to industry sources, including Bloomberg’s Mark Gurman, Apple is targeting the week of Monday, September 8 for its keynote presentation—a date that coincides with the period immediately following Labor Day in the United States.…
ASML shares skidded on Wednesday after the microchip equipment maker warned sales might not grow at all next year. Source link
Renault shares fell 16% on Wednesday after the French automaker issued a profit warning that will lead to job cuts. Source link
Image credit: Supplied photos ANAX Capital Financial Markets LLC, is strengthening its position as a player in the regional and global trading space. The firm reaffirmed its commitment to delivering a seamless, secure trading experience backed by advanced technology, regulatory compliance, and a client-first service model. The entity is a First Category license holder regulated by the UAE Securities and Commodities Authority (SCA License No. 20200000258), Founded earlier this year, ANAX Capital has attracted attention from institutional and active investors alike, drawn by its institutional-grade infrastructure and governance standards. Image credit: Supplied With a paid-up capital of Dhs30m, the firm…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s financial regulator has fined Barclays £42mn for failing to properly manage money laundering risks on two occasions. The Financial Conduct Authority on Wednesday said Barclays had been fined for “failings in its financial crime risk management”, including opening a client money account for wealth manager WealthTek, which was shut down for “serious regulatory and operational issues”. “One simple check it could have done was to look at the Financial Services Register before opening the account. Had it done so, it…