Author: Arabian Media staff
Analysis of large biological dataset uncovers clues to help detect and combat neurodegenerative conditions Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chipmaking equipment supplier ASML said the impact of US tariffs was “a bit less negative than we anticipated”, as artificial intelligence drove strong orders for its lithography machines. Sales in the Netherlands-based company’s second quarter rose 23 per cent to €7.7bn, just ahead of analysts’ forecasts. Net bookings, a closely watched metric that includes orders for chipmaking gear placed by customers but not yet delivered, were €5.5bn, better than the €4.4bn analysts had expected, according to Visible Alpha, a research company. Surging orders for…
Ripple, a global leader in digital asset infrastructure for financial institutions, has announced a strategic partnership with Ctrl Alt, a UAE-based tokenisation infrastructure platform. The partnership will see Ctrl Alt adopt Ripple’s institutional-grade digital asset custody technology to support the Dubai Land Department’s (DLD) pioneering Real Estate Tokenisation Project. Under the initiative, Dubai’s property title deeds will be tokenised and issued on the XRP Ledger (XRPL), with Ripple’s custody solution providing secure and scalable storage for the digital assets. Ctrl Alt, which revealed its involvement in the DLD initiative last month, is Ripple’s first major custody partner in the UAE…
Stay informed with free updatesSimply sign up to the UK inflation myFT Digest — delivered directly to your inbox.UK inflation unexpectedly rose to 3.6 per cent in June, in a setback for the Bank of England as it seeks evidence that price pressures are cooling alongside slowing economic growth.Wednesday’s figure from the Office for National Statistics exceeded the prediction of analysts polled by Reuters that inflation would remain at May’s level of 3.4 per cent.The numbers come as the BoE gauges whether to cut in its key interest rate again as soon as August. In June, the Monetary Policy Committee…
Top consulting firms have repeatedly found themselves facing a reputational crisis. The most recent example was in early July, when a Financial Times investigation revealed that Boston Consulting Group had modelled a plan to ‘relocate’ Palestinians from Gaza after entering into a multimillion-dollar contract to help launch an aid scheme for the enclave. In this week’s episode, the FT’s US accounting editor, Stephen Foley, explains his reporting and examines what these events say about how effective the consulting industry’s ability to avoid reputational scandals is. Clips from the UN – – – – – – – – – – -…
When €19bn software group Visma last month chose London as the venue for its future initial public offering, it signalled a success for the UK capital in more ways than one. The decision was an obvious boost for the UK’s beleaguered capital markets, where IPOs have become vanishingly rare — let alone ones of multibillion-pound tech companies. However, it was also a milestone for Visma’s British backer, Hg: the London-headquartered private equity firm that has quietly built itself into a specialist software investor and is on track to surpass $100bn in assets under management this month. That is bigger than…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Good morning. Donald Trump announced a trade deal with Indonesia yesterday. Indonesia will be hit with a 19 per cent tariff on exports to the US — the initial threat was 32 per cent — and in return it will buy American oil, aeroplanes and farm goods. This is the closest thing to a real agreement since the deal with Vietnam. But neither Vietnam nor Indonesia have confirmed Trump’s claims. Should we buy them? Email us: unhedged@ft.com. InflationBoth headline and core inflation picked…
Deutsche Bank chief executive Christian Sewing has become embroiled in a €152mn lawsuit that alleges he was involved in a decade-old cover-up of financial crisis-era transactions.A new civil case in Germany brought against Deutsche by Dario Schiraldi, a former senior banker, claims that Sewing presided over a flawed internal audit which formed an important part of the evidence used to convict Schiraldi in Italy in 2019.Schiraldi’s conviction was overturned in 2022 and he is seeking damages for alleged harm to his career caused by the criminal proceedings and outcome. Five other Deutsche bankers convicted and then acquitted in Italy are…
The enormous US deportation programme is enriching companies as detainees complain of poor treatment Source link
Image: Supplied With its pristine beaches, Swahili culture, and rising appeal as a luxury destination, Zanzibar is positioning itself as a leading player in sustainable tourism. In this exclusive interview with Gulf Business, Mudrick Ramadhan Soragha, Minister of Tourism of Zanzibar, outlines the island’s vision for high-value, low-impact tourism, discussing everything from strategic partnerships with Gulf nations and rising GCC visitor numbers to eco-resorts, cultural conservation, and a new digitally enabled airport terminal. Zanzibar is gaining attention as a premium beach and cultural destination. How is your tourism strategy balancing luxury development with the need to preserve the island’s natural…