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 Bank of England has announced a one-year delay to key provisions in the post-financial crisis banking reforms as part of a raft of changes designed to ease capital requirements for UK lenders.The central bank said on Tuesday it would delay from 2027 to 2028 the application of the part of the so-called Basel III package that applies to the wholesale trading activities of investment banks, to allow more time for the US to decide how to apply them.The delay, which comes…
Image credit: WAM/Website Etihad Airways, the national airline of the UAE, has announced seven new destinations as part of its continuing strategy to expand point-to-point connectivity and bring more travellers directly to Abu Dhabi. The new routes include Almaty (Kazakhstan), Baku (Azerbaijan), Bucharest (Romania), Madinah (Saudi Arabia), Tbilisi (Georgia), Tashkent (Uzbekistan), and Yerevan (Armenia)—each chosen for its cultural significance, tourism potential, and growing demand for travel. Read-Etihad launches flight to Atlanta, US; other route announcements Flights to these destinations will go on sale in the coming days, with services beginning in March 2026. However, Madinah will launch earlier, in November…
Stay informed with free updatesSimply sign up to the Renewable energy myFT Digest — delivered directly to your inbox.India said it had reached its Paris Agreement target of 50 per cent of non-fossil fuel power capacity five years ahead of its 2030 pledge, even as the world’s most populous country and third-biggest carbon emitter remains heavily reliant on coal for power generation.The milestone indicates the concerted push by the Modi government for new clean power installation, despite the large gap between installed capacity and power generation.Pralhad Joshi, India’s new and renewable energy minister, made the announcement in a social media…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water has estimated that it will take at least a decade to turn around the heavily indebted utility and reported a full-year pre-tax loss of £1.65bn.Thames, which has been battling to secure new investment to avert nationalisation, said in a statement on Tuesday that its “current gearing is too high” but that it is making progress on efforts to recapitalise the business. “This will come with a requirement to reset the regulatory landscape and acknowledge it will take at least a decade…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mining group Rio Tinto has named Simon Trott as chief executive following the surprise exit of Jakob Stausholm in May.The FTSE 100 company said on Tuesday that Trott, who heads Rio’s iron ore business, will take the top job on August 25.Dominic Barton, the chair of Rio, said: “Simon and the Board are aligned that Rio Tinto’s next phase is about unlocking significant value for shareholders from our portfolio, driven by operational performance, and cost and financial discipline.”This is a developing story…
The Gulf Cooperation Council (GCC) is now home to three sovereign wealth funds with assets under management (AUM) exceeding $1tn each, according to the July 2025 rankings published by Global SWF, highlighting the region’s growing influence in global capital markets. Topping the GCC list is Saudi Arabia’s Public Investment Fund (PIF), with AUM estimated at $1.15tn, followed by the Abu Dhabi Investment Authority (ADIA) with $1.11tn, and Kuwait Investment Authority (KIA), which just crossed the $1tn threshold with $1.002tn. Globally, the top sovereign investor remains Norway’s Norges Bank Investment Management (NBIM), managing $1.76tn in assets. It is followed by China’s…
Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.Central bankers are more like David Cronenberg than Steven Soderbergh — they don’t hop around between genres trying to create a quirky feel-good experience, they just stick to what they know and hit you with repeated waves of existential horror. The latest summer blockbuster from the ECB Blog is a perfect example — if you take a minute to think about what it’s saying, it will chill your spine.Here’s the jump scare to end them all:That orange line is a climate risk…
Investors attracted by high yields, while recent natural disasters have failed to trigger losses for bondholders Source link
Low-cost carrier Wizz Air is actively addressing refund requests from affected passengers on X (formerly Twitter), following its decision to suspend all flights to and from Abu Dhabi by 31 August 2025. In an official statement on X, the airline said: “Passengers with existing bookings beyond 31 August 2025 will be contacted directly via email with options for refunds or alternative travel arrangements. Customers who booked through third-party providers are advised to contact their respective agents. The above suspensions do not affect other flights of the Wizz Air group.” The move, described by Wizz Air as a response to “geopolitical instability, repeated airspace…
Stay informed with free updatesSimply sign up to the Fintech myFT Digest — delivered directly to your inbox.Starling Bank is examining the case for listing in New York, as the UK digital bank presses ahead with an expansion into the US.Declan Ferguson, the chief financial officer of the London-based fintech, told the Financial Times that Starling was currently weighing a US listing, where it could potentially achieve a higher valuation.“We continue to observe what is happening externally with our peers, and also what is happening on the global stage in terms of the UK versus US [stock markets],” he said.…