Author: Arabian Media staff
Consumer prices posted the biggest increase in June in five months and is likely to keep the Federal Reserve from cutting interest rates soon, but there still wasn’t much evidence of tariff-related inflation. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldUS inflation climbed to 2.7 per cent in June, surpassing expectations and signalling that Donald Trump’s tariffs are hitting prices.Tuesday’s annual consumer price index figure was up from 2.4 per cent in May and above expectations of 2.6 per cent among analysts surveyed by Bloomberg.The data from the Bureau of Labor Statistics comes as the US president ratchets up his tariff war with Washington’s trading partners, threatening to impose large levies on importers from next month if they do not…
Wells Fargo’s stock falls as net interest income misses expectations and the full-year growth outlook was lowered to offset profit and revenue beats. Source link
ASML Holding, the microchip-equipment maker that produces the sophisticated machines used to develop semiconductors, caught a broker downgrade just ahead of its second-quarter results. Source link
Stay informed with free updatesSimply sign up to the Renewable energy myFT Digest — delivered directly to your inbox.Google has reached a $3bn deal to access hydroelectric power from Brookfield’s renewables arm, part of a race to secure clean energy to meet booming power demand from cloud computing and artificial intelligence.The two 20-year power purchase agreements, the largest of their kind for hydropower, will first deliver up to a total of 670 megawatts of power from Brookfield’s Holtwood and Safe Harbor facilities in Pennsylvania, which the asset manager acquired in 2015 and 2014, respectively. Google will have the option of…
Image credit: WAM/Website Global air and travel services provider dnata has introduced a fleet of autonomous electric tractors at Dubai World Central – Al Maktoum International Airport (DWC), marking a significant step forward in smart ramp operations. Read-Timeline revealed: Driverless Ubers to hit Dubai roads The company is now operating six electric EZTow autonomous tractors developed by TractEasy, capable of towing up to four baggage containers (ULDs) at a time along pre-defined routes at speeds of up to 15 km/h, according to a WAM report. Traditionally, baggage movement between terminals and aircraft has relied on human-operated vehicles working under tight…
“The job market has become more soul-crushing than ever.” These steps can lead you to success. Source link
This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersHello and welcome to Energy Source, coming to you today from London and Calgary.In recent days I have been looking at expectations for oil demand growth this year and yet again forecasts are far apart. Last Friday the International Energy Agency said it expected global oil consumption to grow at its slowest pace since 2009, outside of the coronavirus pandemic, cutting its forecast…
Image: Getty Images The United Arab Emirates is at the forefront of a growing global trend in artificial intelligence governance, with more organisations appointing chief AI officers (CAIOs) than any other country surveyed, according to a new global study by the IBM Institute for Business Value (IBV), conducted in collaboration with the Dubai Future Foundation (DFF). The study, based on a global survey of over 600 CAIOs across 22 countries and 21 industries, reveals that 33 per cent of organisations in the UAE have appointed a CAIO, compared to the global average of 26 per cent. These leadership roles are…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nissan unveiled plans to end production after almost seven decades at the first car plant in Japan to use robots, just days before a crunch election in the world’s fourth-largest economy.The Japanese carmaker said on Tuesday that it would close the Oppama factory if it failed to find a buyer by the time production ceases in March 2028, marking the end of an era for one of Japan’s most renowned car plants that has produced almost 18mn vehicles.“We understand this is a…