Author: Arabian Media staff
It’s ‘crypto week’ and bitcoin is flying higher, passing $120,000 Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldEuropean stocks slipped on Monday morning as investors responded to Donald Trump’s threat of 30 per cent tariffs on the EU, the latest escalation of his trade war.Germany’s Dax index was down 1 per cent in early trade while France’s Cac 40 fell 0.8 per cent. The broad Stoxx Europe 600, which includes non-EU markets such as the UK, fell 0.6 per cent.The moves came after the US president announced the planned levies on Saturday, pushing the bloc to delay…
TikTok has partnered with Visa to launch a new initiative aimed at empowering small and medium-sized businesses (SMBs) across the UAE. The collaboration offers a mix of financial incentives, expert-led training, and digital marketing tools to help entrepreneurs grow their presence on the short-form video platform and thrive in the digital economy. Starting from July 1, 2025, SMBs that spend $250 on TikTok ad campaigns using a Visa Commercial card will receive $150 in TikTok Ad Credits. The offer, which runs until September 30, 2025, is exclusive to first-time users of TikTok Ads Manager. In addition to the ad credits,…
Image credit: Getty Images The Embassy of India in Kuwait officially launched the e-visa service for Kuwaiti nationals on Sunday, July 13, marking a significant step toward simplifying visa procedures and strengthening bilateral relations. During a press conference, the Indian Ambassador to Kuwait, Dr Adarsh Swaika, called the initiative a “crucial development” aimed at streamlining travel and boosting people-to-people ties between India and Kuwait, a Kuwait News Agency report said. Read-Kuwait launches new e-visa platform to boost travel, digital efficiency Fully online visa process The e-visa application is entirely digital and can be completed on the official Indian visa portal.…
The EU has put trade retaliations against the US on hold, and US investment banking is set to extend its losing streak. Plus, the FT’s Eleni Varvitsioti explains how Greece recovered from economic disaster in the past decade, but still has work to do.Mentioned in this podcast:EU pauses trade retaliation against US after Trump’s 30% tariff threatInvestment banking set to extend worst run in over a decadeHow Greece came back from the brinkToday’s FT News Briefing was produced by Persis Love, Sonja Hutson, Katya Kumkova, Mischa Frankl-Duval and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Our acting…
Stay informed with free updatesSimply sign up to the Pensions myFT Digest — delivered directly to your inbox.After decades during which pensions in many parts of the world have been de-risked — spurred by scandal, accounting changes and other policy tweaks — the pendulum is fast swinging the other way. In many instances that may be appropriate. In others it may be open to abuse.Consider the case of Italy’s sales rep pension scheme Enasarco, which was revealed last week to have allocated 67 per cent of its entire European equities portfolio to one stock, Mediobanca. That group is at the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Venture capital investors are placing bets on start-ups which allow drivers to swap depleted batteries for fresh ones in five minutes or less, making them suitable for smaller delivery vehicles in dense urban areas.Battery swapping is dominated in China by Shanghai-based electric vehicle maker Nio, while CATL, the world’s biggest battery maker, has launched a collaboration to roll out a network of 1,000 stations. Europe and the US, where the cost of building the network and making vehicles compatible is high, have…
Amit Somani, CEO of Sama X With satellite broadband fast becoming a critical enabler of digital transformation across underserved and remote regions, Starlink has emerged as a technology that could reshape connectivity in the Middle East. In this interview, Amit Somani, CEO of Sama X, speaks to Gulf Business about what sets Starlink apart, why the company is betting big on local market adaptation, and how Sama X plans to serve governments, enterprises, and communities alike—bringing high-speed, low-latency internet to where it’s needed most. There’s clearly a surge in interest in Starlink technology within the Middle East today. Why do…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Will Trump follow through on the new tariffs he threatened last week? We don’t know, but our guess is that, unless trade partners offer some flashy concessions, he will. The markets are all but laughing at Trump’s threats now, and this seems likely to stiffen his…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jane Street has deposited more than $560mn of what India’s markets regulator has called “illegal gains” in an escrow account to comply with an order that banned the company from trading securities over alleged market manipulation.The Securities and Exchange Board of India said on Monday that Jane Street had informed the regulator that Rs48.4bn ($564mn) “has been credited to an escrow account with a lien marked in favour of Sebi”.The deposit is a precursor to lifting a trading ban imposed by Sebi…