Author: Arabian Media staff
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
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Commerce secretary Howard Lutnick said the US’s reversal of restrictions on sales of chips to China followed recent trade negotiations with Beijing over rare earths.President Donald Trump curbed exports of Nvidia’s H2O artificial intelligence chips to China in April as part of an escalation of his trade war with Beijing.But a person familiar with the situation said the commerce department would start approving export licenses for these chips, after Nvidia on Monday said it expected to restart sales to Chinese companies.Lutnick said…
Image: Emirates Emirates secured the top spot in YouGov’s Most Recommended Global Brands 2025 rankings, becoming the only airline to feature in the global top 10 list. The airline scored 88.4 per cent in recommendation rates, based on over one million customer surveys conducted across 28 markets between June 1, 2024, and May 31, 2025. The rankings, powered by YouGov BrandIndex, measure the percentage of a brand’s customers who would recommend it to others. Emirates outperformed all other brands globally, reinforcing the reach and resonance of its “Fly Better” brand promise. “This recognition underscores the deep connection and loyalty we’ve…
Nontech and cyclical stocks sat out Tuesday’s earlier rally, underscoring how narrow the S&P 500’s latest gains really are. Source link
With long-term U.S. Treasury yields swinging up and down, and uncertainty swirling around America’s debt and fiscal policy, investors might be asking: Is now the time to look beyond U.S. borders for fixed-income investments? According to Rebecca Venter, senior fixed income product manager at Vanguard, that curiosity is warranted—and potentially overdue. Key Takeaways Hedged foreign bonds can reduce risk and improve returns without sacrificing quality. High-quality international bonds might even yield more than their U.S. counterparts—if you know where (and how) to look for them. International fixed-income securities offer exposure to different economies, regulations, and market cycles that U.S. bonds…
Image: IHC/ X International Holding Company (IHC) has acquired eFunder, the UAE’s private financing platform for small and medium-sized enterprises (SMEs). The platform has also been rebranded as Zelo, signalling a new chapter for the company. Fully licensed and regulated by ADGM’s Financial Services Regulatory Authority (FSRA), Zelo has been operating since August 2020, delivering receivables-based funding to address the region’s SME working capital gap. It provides fast, digital-first access to liquidity by converting approved invoices into working capital within 24 to 48 hours. Following the acquisition by IHC, Zelo now enters a new chapter as part of the holding…