Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The engines on Air India flight 171 briefly cut out seconds after take-off, a preliminary report into the jet’s fatal June 12 crash has found.India’s Air Accident Investigation Bureau said in a report that the aircraft reached the necessary speed to lift off, but that seconds later fuel switches for both of the engines “transitioned” from “run” to “cut-off” position.In the cockpit voice recording, one of the pilots is heard asking the other “why did he cut off?,” to which he responded…
An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a decade. Source link
Image: Supplied AD Ports Group has launched operations of its Central Asian logistics joint venture, GulfLink, in partnership with KTZ Express, the freight arm of Kazakhstan Railways. GulfLink is jointly owned by AD Ports Group (51 per cent) and KTZ Express (49 per cent), the multimodal transport and logistics subsidiary of Kazakhstan Temir Zholy (KTZ). The venture is designed to support trade flows across the region by developing international transport corridors and boosting Kazakhstan’s role in the global logistics system. Key link to AD Ports Group’s strategy for the Middle Corridor route “We are pleased to announce the commencement of…
From time to time, investors like to look for fresh insights outside the world of markets. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elon Musk’s xAI is preparing to raise more money from investors in a deal that could value the artificial intelligence company as high as $200bn — 10 times its value early last year, according to people close to the talks.The fundraising, which is being discussed and could start formally next month, would be its third large share sale in less than two months. It raised $10bn through loans and cash investments in July, and in June sold $300mn of shares in a…
U.S. stocks and government bonds were being swept up in a selloff on Friday, as President Trump’s threats of new tariffs against a host of U.S. trade partners unnerved investors. Source link
A wedding day is a happy day, but also a complicated day filled with many moving parts. Not surprisingly, as in many industries, a whole profession of advisors exists to help out, known as wedding planners. Weddings have become a big business, too. The profession isn’t new — the oldest planner trade organization dates back to the 1950s — but these nuptial consultants are increasingly in demand as wedding celebrations grow ever more elaborate, involved, and individualized. Here’s what you need to know about how they work and if hiring one for your big day is worth it. Key Takeaways…
Staffing levels “significantly impact” the use of antipsychotic medication, new research has found. Source link
The oldest members of Generation Z (born between 1997 and 2012) have barely entered their prime home buying years, and the youngest of them won’t even qualify for a mortgage until the year 2030 at the earliest. Even so, Gen Zers recently represented some 13% of mortgage applicants and 3% of buyers. Among older Gen Zers (those age 19 to 27 in 2024), 26% already owned a home. Here’s how they’re buying homes—and where. Key Takeaways Despite high interest rates and housing prices, Gen Z is finding ways to buy homes.Many are getting help from family members or taking second…
Texas Instruments is in a good spot to benefit as the industrial sector recovers and its U.S. footprint lessens tariff risk, per TD Cowen analysts. Source link