Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a philanthropist, private investor and co-founder of PimcoSome say the world will end in fire,Some say in ice.— Robert FrostThe American poet Robert Frost once wrote of the world’s potential destruction by fire (desire) or ice (hate). While obviously not meant as a reference to markets and economies, it could describe the opposing menaces of inflation (fire) and deflation (ice) that have loomed over them in the past century.The 1930s Great Depression showed the economic devastation wrought by deflationary…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Browsing one-star reviews on Trustpilot is a great way to experience vicarious outrage on behalf of overcharged or underserved customers. Going by its own pricey valuation, though, shareholders are awarding the online reviewer the full five stars. Value depends on perspective — or geography, in this case — but a more moderate rating would give an untested model some leeway. Shares in Trustpilot, which produced its first net profit last year, surged as much as 13 per cent on Tuesday after a…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brussels has drawn up political “safeguards” to appease France’s farming lobby and win Paris’s backing for a trade deal with the Mercosur bloc of South American economies.The EU is targeting final approval for December of the Mercosur deal, which would create a shared market of 700mn consumers by combining the EU with Brazil, Argentina, Uruguay and Paraguay.Two decades in the making, the agreement won preliminary assent last December as part of a renewed push in Brussels to diversify its trade partnerships, fuelled…
Image: Getty Images/ For illustrative purposes Dubai has climbed significantly to rank as the seventh most expensive city globally for high-net-worth individuals (HNWIs) in Julius Baer’s Global Wealth and Lifestyle Report 2025, marking a notable ascent from its 12th position in the previous year. This rise, the largest within the Europe, Middle East, and Africa (EMEA) region, occurred despite only a marginal 1 per cent increase in average local currency prices, according to the report published by Julius Baer. Global shifts in wealth and lifestyle The report, released at a juncture of slowing global consumption and rising geopolitical tensions, indicates…
Users of OpenAI’s popular ChatGPT in India and the UAE reported issues early on Wednesday morning around 5am, with many experiencing difficulties accessing chat history and prolonged loading times for commands. According to Downdetector, a platform that monitors website outages, 82 per cent of users globally reported an outage. Users attempting to access the service were also met with an “unable to load projects” message. OpenAI acknowledged the problem on its official status page, stating, it was “investigating” the issue with the listed services. The company also said it was “working on implementing a mitigation” to address the problems. Services…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has claimed more than $90bn in investments in the battleground state of Pennsylvania on Tuesday, as he sought to deliver on his economic promises and turn around his faltering approval rating.Speaking at the Pennsylvania Energy and Innovation Summit, the US president pledged “lots of jobs”, speedy permits for electric plants and billions of dollars in new investment in energy and artificial intelligence infrastructure.“We’re back in Pittsburgh to announce the largest package of investments in the history of the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rachel Reeves says British banks and insurers are choking under unnecessary regulations. This is not quite true. Even if it were, some of the first rules she has picked to unwind barely cause a hiccup.The UK chancellor laid out a series of reforms in her set-piece Mansion House speech on Tuesday. One is a plan to “radically streamline” the Senior Managers and Certification Regime, which was designed to strengthen culture and personal accountability in the financial sector after the financial crisis and…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s tax authority does not know how much tax billionaires pay, an influential group of cross-party MPs has found, as the government considers a levy on the country’s richest individuals to close the country’s growing fiscal hole.“HM Revenue & Customs has no overview of an individual’s total wealth and faces challenges in getting all the data it needs to risk assess and target wealthy people,” according to a report by the House of Commons public accounts committee.Lloyd Hatton, a Labour MP…
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereGood morning and welcome back to FirstFT Asia. In today’s newsletter: The US-Indonesia trade dealHow BYD caught up with TeslaTaiwan’s Han Kuang military drills Donald Trump has said the US has reached a trade deal with Indonesia that will result in the south-east Asian nation paying a 19 per cent tariff on its exports to the US and buying American energy and Boeing jets.Deal details: In…
Seattle Mariners slugger Cal Raleigh won the 2025 MLB Home Run Derby, the first time a catcher has taken home the title Source link