Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nvidia has said the Trump administration has relaxed restrictions on exporting a key artificial intelligence product designed specifically for the Chinese market, saying it hoped to resume deliveries of its H20 chip “soon”.The US chipmaker on Tuesday said it had received assurances from the US government that it would approve licences for the H20. In April, Nvidia said it expected to take a $5.5bn earnings hit as a result of Donald Trump’s move to stop China sales of the product, which had…

Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest — delivered directly to your inbox.China’s economy grew 5.2 per cent year on year in the second quarter as resilience in exports helped to offset sluggish domestic demand in the world’s second-largest economy.The growth rate, which slightly exceeded the 5.1 per cent average estimate from analysts polled by Reuters but trailed the 5.4 per cent growth in the first quarter, positions Beijing to hit its full-year target of about 5 per cent.China’s President Xi Jinping, who needs robust exports and manufacturing to offset a property slowdown that…

This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here.Good morning. The monsoon rains are soaking Delhi, the Air Quality Index has dipped well below 100 to breathable levels, and India’s MPs are due to convene for Monsoon Session next week. I’m stepping in for Veena this week, and boy do I have big shoes to fill. (Actually, Veena’s shoes are petite and stylish, so please delete that mental image!)This week, my team is digging deeper into what Saturday’s report…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chinese ecommerce giants JD.com and Alibaba have ignited a battle for the country’s fast-growing instant retail market, luring shoppers with huge discounts in a push to grab market share amid weak consumer spending. The two groups have launched rapid delivery offerings in recent months, supplying food and consumer staples within 30 minutes via their fleet of drivers. That has intensified competition in a sector that has largely been dominated by Beijing-based Meituan for the past few years.Alibaba is ploughing $7bn into promoting…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Australia’s Prime Minister Anthony Albanese will seek to reaffirm ties with China when he meets President Xi Jinping in Beijing on Tuesday amid global trade turmoil and pressure from the US over security commitments to Taiwan. During his six-day state visit to China, which includes stops in Shanghai and Chengdu, Albanese is aiming to strengthen economic ties in areas including steel production and tourism.For China, the objective will be to capitalise on uncertainty generated by President Donald Trump’s erratic policies to try to…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe US commerce department has launched two national security probes that could lead to tariffs on drones and a raw material used for chips and solar panels.In notices published on Monday evening, the commerce department said it would examine imports of unmanned aircraft systems and their parts and components, and would separately carry out a study of polysilicon supply chains.US officials would study the impact of foreign subsidies, “predatory trade practices” and the potential for foreign countries to use export controls…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rachel Reeves will use her Mansion House speech to call for a big dialling- up of risk in financial services, with looser regulation and what City of London figures are dubbing a new “Tell Sid” campaign to persuade the British public to buy shares.The UK chancellor will on Tuesday set out plans for what she claims will be the biggest set of reforms to financial regulation in a decade, as she attempts to increase risk across the sector to boost growth and…

Trade Desk’s stock is soaring, with the ad-tech company set to replace Ansys in the benchmark index later this week. Source link

Late payments can stay on your credit report for up to seven years. However, the impact of late payments will diminish over time, even before that deadline, if you consistently make on-time payments and manage your debt effectively. In this article, we explain the seven-year rule and the steps you can take to rebuild your credit. Key Takeaways Late payments remain on your credit report for seven years, but their negative impact can diminish over time. Your credit score can drop significantly if you miss a payment by 30 days, and can plunge more steeply after 60 and then 90…

There’s a lot to like about exchange-traded funds, but they aren’t all created equal Source link