Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BBC director-general Tim Davie has admitted “that the BBC is not perfect and sometimes we make mistakes” but that the national broadcaster “deserves backing” after a bruising few weeks of scandals at the corporation that led to questions over his future.On Tuesday, Davie gave his first public response to a slew of scandals at the national broadcaster at the publication of its annual report, saying: “We’ve certainly been through a tough period, and there are some tough days.”His comments come after another…

Image: Supplied While emerging markets (EM) debt was negatively impacted by the April 2 maximalist tariff announcements, after the delay in implementation and some backtracking, the asset class was able to bounce back. Of note, there was differentiation between sectors, with hedged local rates and EM foreign exchange outperforming other fixed income assets. Notably, the decline in the US dollar, as the broader market adjusted its outlook on US economic dominance, created opportunities in both emerging and developed markets. While there’s been no major shift away from the US dollar and US assets yet, early signs suggest future investments could…

Investors’ risk appetite has performed an astonishing volte face Source link

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldA year ago when the presidential race between Donald Trump and Kamala Harris was heating up, a veteran mergers and acquisitions adviser told me that if the Republican candidate won, many on Wall Street would eventually long “for the return of Lina Khan”.The top rainmaker was flagging his concerns that Trump’s antitrust policies would make it even harder to get deals approved than under Joe Biden’s progressive head of the Federal Trade Commission, the US competition watchdog.Twelve months on, many…

Stay informed with free updatesSimply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox.The chancellor has announced plans to reform the ringfencing rules that force UK banks to separate their retail and investment banking activities, as part of a raft of measures to soften regulations and drum up more investment in financial markets.Rachel Reeves said the changes to the heavily criticised ringfencing rules would help to free up capital for banks as part of the government’s drive to boost growth by putting “the UK ahead in the race for financial businesses”.The chancellor announced the…

“When my grandfather died, my father went into their home and took financial information and jewelry.” Source link

Wall Street is wagering that BlackRock continued to draw investors in during the second quarter, with assets under management expected to eclipse $12tn.The world’s largest asset manager is in the midst of a mammoth shift engineered by chief executive Larry Fink, as he pushes the public markets giant into top rungs of the private investment industry. The $12bn takeover of private credit specialist HPS Investment Partners earlier this month closed after the quarter ended, so most of the inflows in the three months to end of June are expected to come from BlackRock’s iShares exchange traded fund business. BlackRock is…

Image credit: Supplied As Saudi Arabia marks seven years since lifting the ban on women driving, Uber has announced the launch of a new feature called Women Drivers, which allows female riders to be matched exclusively with female drivers. The rollout, set to begin in the coming weeks, is part of Uber’s ongoing commitment to promoting gender inclusivity and economic empowerment in the country. The new feature is designed to expand mobility options for women while offering greater flexibility and opportunity for women drivers. It also supports Saudi Arabia’s Vision 2030, which includes boosting female participation in the workforce. Read-Smart…

The actress and mother put the home on the market in March for $14 million to move back to Manhattan in order to be closer to her son’s school. Source link

Star gymnast and TikTok sensation Olivia Dunne says she was rejected by a New York co-op board after putting in an all-cash offer on a $1.6M apartment once owned by baseball legend Babe Ruth. Source link