Author: Arabian Media staff
U.S. stock futures fell Sunday, a day after President Donald Trump threatened to impose new 30% tariffs against imports from Mexico and the European Union. Source link
Saudi Arabia’s Public Investment Fund (PIF) has officially launched Tasama Business Services Company, a national platform aimed at transforming the Kingdom’s business services landscape and accelerating growth across both public and private sectors. The launch follows the merger of BIAC—a startup incubator and accelerator formerly owned by TAQNIA, another PIF portfolio company—with the PIF’s Shared Services Centre, creating a new national champion for integrated business services. Tasama will offer a comprehensive suite of services for startups in Saudi Arabia, including: Accounting and financial support Human resources and procurement services Digital solutions and innovation platforms Startup incubation and acceleration Workspace and…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US Federal Aviation Administration has issued a notice to its international counterparts that fuel control switches in Boeing aeroplanes like the Dreamliner involved in last month’s fatal Air India crash do not pose a safety issue. The FAA’s notice to foreign civil aviation authorities followed a preliminary report by India’s Aircraft Accident Investigation Bureau that the engines on Air India Flight 171 briefly cut off shortly after take-off on June 12. Switches controlling fuel flow to the jet’s two engines had…
Germany’s defence minister has told weapons makers to stop complaining and “deliver” on re-arming Europe, as he called for production to increase to match his country’s booming spending plans.Boris Pistorius told the Financial Times his government had addressed long-standing industry concerns by streamlining hundreds of billions of euros of new military spending.“There is no reason to complain any more,” Pistorius said in the FT interview. “The industry knows perfectly well that it is now responsible for delivering.”The industrial groups had to hold up their end of the bargain, he said, as Europe seeks to deter Russian aggression amid waning US…
Image credit: WAM/Website In line with directives from Dubai’s leadership to enhance road infrastructure and public transport in support of urban development, population growth, and quality of life, Dubai’s Roads and Transport Authority (RTA) has awarded a contract for the Al Mustaqbal Street Development Project. Read-Sheikh Zayed to Al Khail just got faster: Dubai’s RTA completes new road project The Dhs633m project extends from the intersection with Za’abeel Palace Street to Financial Centre Street. Once completed, it is expected to significantly improve traffic flow, cut travel times, and enhance access to key business and residential districts in central Dubai, a…
Where’s all the inflation from the Trump trade wars? So far, the evidence really hasn’t shown up — but many economists say it’s coming soon, perhaps as soon as next week. Source link
While the Biden presidency wasn’t smooth sailing for the stock market (the S&P 500 fell nearly 20% in 2022), the equity market under the 46th president ultimately came out ahead: the S&P 500 returned more than 65% between Jan. 20, 2021, and Jan. 20, 2025. At the start of the Biden presidency, the stock market yielded strong returns as interest rates remained low and the federal government provided economic stimulus to support Americans. Yet in 2022, the market plunged when the Federal Reserve began quickly hiking rates to tamp down on high inflation. When ChatGPT was released in late 2022,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UniCredit has attacked the Italian government’s intervention in its hostile takeover bid for rival Banco BPM, criticising its use of powers setting conditions for the deal as “illegitimate”.In a statement following an Italian court decision on Saturday that handed UniCredit a partial win against Giorgia Meloni’s government seeking to impose stringent conditions for a takeover deal, the Milanese bank said the court’s decision was “unequivocal proof that the way in which [the government’s powers] were used was illegitimate”.UniCredit, led by chief executive…
This article is an on-site version of our The Week Ahead newsletter. Subscribers can sign up here to get the newsletter delivered every Sunday. Explore all of our newsletters hereHello and welcome to the working week.Wall Street takes centre stage, as a string of US financial institutions post second-quarter earnings. Bank of New York Mellon, Wells Fargo, Citigroup, BlackRock and JPMorgan are up on Tuesday, followed by Bank of America, Morgan Stanley and Goldman Sachs on Wednesday. Analysts expect a glittering set of reports, buoyed by the weak dollar and broad sanguinity about the likelihood of a global trade war.US…
Tuesday’s consumer-price index report for June comes into sharp focus for the stock market this week. Source link