Author: Arabian Media staff
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…
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereToday’s agenda: Trump’s UK state visit; Air India findings; Gaza “death traps”; investment banking’s bad runGood morning, and welcome back to the working week. We start with an exclusive interview with Germany’s defence minister Boris Pistorius ahead of talks with the US over European security.Re-arming Europe: Weapons makers should stop complaining and “deliver”, Pistorius told the Financial Times, as his government’s booming defence spending plans have…
Luxury brands are reinventing their approach to packaging as sustainability becomes a key differentiator in the high-end sector, according to a joint report released by Bain & Company and Fedrigoni Group. The report, Luxury Packaging: Resolving the Tension Between Creativity and Impact, forecasts that more than 30 per cent of all luxury packaging sales will adopt sustainable solutions within the next three years. Based on a survey of over 500 industry executives across Europe, the Middle East and Africa, the report was launched at the “Explore – Fedrigoni Creative Summit” held in Paris last month. “Packaging is evolving from a…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.French telecoms operators Orange, Bouygues and Iliad-owned Free are exploring a carve-up of Patrick Drahi’s rival telco SFR, in what would be a landmark deal to consolidate the country’s mobile market. Dividing up the group, which would probably be led by Bouygues or Iliad, would result in SFR’s assets being split between the companies, according to two people familiar with the matter.Blackstone, KKR and Ardian are among the investment groups to have recently held preliminary talks over financing options with SFR’s potential…
Stay informed with free updatesSimply sign up to the US banks myFT Digest — delivered directly to your inbox.Investment banking is on course to extend a record streak of underperformance, supplying less than a quarter of Wall Street revenues at the biggest US banks for the 14th quarter in a row. Traders are due to come to the rescue of their advisory colleagues once again when the banks report second-quarter results next week, with total trading revenues at the five largest Wall Street banks forecast to be $31bn — more than three times the figure for investment banking. Analysts expect…
Stay informed with free updatesSimply sign up to the Pensions industry myFT Digest — delivered directly to your inbox.The City of London Lord Mayor has criticised British companies for picking pension providers that charge the lowest fees, arguing more expensive managers who invest in alternative assets will deliver better returns. “We’ve ended up with pension pots that have lots of equity trackers and lots of fixed income because it’s a cheap way of doing it,” Alastair King said in an interview with the Financial Times, adding that there had been an industry “fixation” on costs over the past 10 years. King, who…