Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water has announced a hosepipe ban for several areas in an effort to preserve water following persistent dry and warm weather.The ban will come into place across parts of Swindon, Gloucestershire, Oxfordshire, Berkshire and Wiltshire on Tuesday July 22, as a lack of rain and increased demand stretched the water supply, the water group said on Monday.The Temporary Use Ban means customers living in affected areas are asked not to use hosepipes for activities such as washing cars, watering gardens and…
Six months of outperformance for international stocks and currencies isn’t a portfolio strategy. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Wizz Air has shelved plans for an operating hub in Abu Dhabi to focus on its core markets in central and eastern Europe as the low-cost carrier looks to reduce costs after a difficult two years. The London-listed airline blamed the decision to pull out of its Gulf state joint venture after six years on geopolitical conflicts in the region, the failure to secure rights to fly certain routes, as well as persistent engine issues. Wizz said it would stop local flights from…
DP World has entered into a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the Port of Tartus. The deal, structured as a Build-Operate-Transfer (BOT) model and fully owned by DP World, aims to modernise the port’s infrastructure and reestablish Tartus as a vital trade hub connecting Southern Europe, the Middle East, and North Africa. Under the agreement, DP World will invest $800m over the course of the concession to transform the port’s capabilities. Plans include the construction of new infrastructure, deployment of advanced cargo-handling equipment, and implementation of digital systems to…
Becton Dickinson will spin off its biosciences and diagnostic business and merge it with Waters, and plans to use at least $2 billion of the proceeds to buy back stock. Source link
America must control its copper supply — but Washington doesn’t have many chances to get it right. Source link
This article is an on-site version of our Trade Secrets newsletter. Premium subscribers can sign up here to get the newsletter delivered every Monday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersLast week, when US President Donald Trump’s tariff deadline came due, was a completely mad one in trade. The maddest since, ooh, a few weeks ago. It’s likely to be unmatched for madness for at least, say, three weeks — until August 1, the new D-Day when the bogus “reciprocal tariffs” will be imposed or deferred again. Financial markets are currently very sanguine indeed. They’re…
A report released by India’s Aircraft Accident Investigation Bureau pointed to fuel switches that flipped off during takeoff, depriving engines of power. Source link
Saudi Arabia’s Public Investment Fund (PIF) has launched Tasama Business Services Company, a new national entity aimed at strengthening the kingdom’s integrated business services and solutions sector and driving economic growth across public and private sectors, the Saudi Press Agency (SPA) reported. Tasama was created following the merger of BIAC, an incubator and accelerator formerly owned by the Saudi Technology Development and Investment Company (TAQNIA), a PIF portfolio company, and the PIF’s Shared Services Center. The newly established company will deliver comprehensive business solutions to support companies from startup through to scale-up. New PIF Company Tasama Set to Propel Saudi…
“We have no long-term-care insurance. When I become debilitated, I plan to end my life at Dignitas.” Source link