Author: Arabian Media staff

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…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.International aid cuts by rich nations threaten to be deadlier than the Covid-19 pandemic in poorer regions such as Africa, the head of the Wellcome charitable foundation has warned.The “abrupt change” in assistance policies by the US and other western countries would have a “huge health impact” in the most affected areas, said John-Arne Røttingen.“The potential health impacts of these cuts are at the magnitude of the health impacts of the pandemic — and even higher, potentially, in mortality,” Røttingen said. “The…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Meta luminaries will publicly testify in a Delaware corporate law court this week over shareholder allegations that board mismanagement was directly responsible for billions in sanctions that the social media group paid over data breaches. Two of Facebook parent company’s best known executives, chief executive Mark Zuckerberg and former chief operating officer Sheryl Sandberg, are listed as witnesses in the eight-day trial, which starts on Wednesday. Longtime director and investor Marc Andreessen, as well as former board members Jeff Zients, a former top…

Stay informed with free updatesSimply sign up to the Chinese trade myFT Digest — delivered directly to your inbox.Chinese exports rose 5.8 per cent year on year in dollar terms in June, beating expectations as companies used a tariff truce with the US to ship goods ahead of an August deadline for a more definitive deal. The strong trade figures released on Monday came ahead of this week’s GDP data for the second quarter that is also expected to please Beijing, as policymakers seek to stimulate a weak domestic economy while navigating geopolitical turmoil. But the first-half trade data could sway the…

Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here.Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com One podcast to start: the FT’s Unhedged Podcast looks at three surprises that might spook the markets. In today’s newsletter:A new twist on an old bet with BuffettAn Apollo-backed insurer is coming for the UK’s pensionsDutch pension funds set to sell €125bn of government…

This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. News to start: German defence minister Boris Pistorius has said it’s time for European arms companies to stop complaining and start delivering, telling the Financial Times that Berlin’s military spending splurge meant the industry had no more excuses for slow production.Today, our reporters bring you up to speed on a busy weekend in the EU-US trade stand-off as…