Author: Arabian Media staff

Donald Trump’s tariff threats are just part of a much wider shift. Gillian Tett explains why commerce is being subordinated to statecraft — and how we can adapt 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…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldUS stocks’ record highs obscure the risks Donald Trump poses to the world’s biggest economy, according to big investors and senior bankers who have warned over growing “complacency” in the markets. Senior executives from Amundi to JPMorgan Chase said buoyant markets were pricing in too much confidence that the US president will back down from policies most likely to threaten the country’s financial stability. “It is for me pretty clear that there is some complacency around the Taco trade,” said…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK patients are less likely to receive advanced treatments for lung cancer than counterparts in similar countries, potentially contributing to Britons’ lower survival rates, according to the first study of its kind. The research found that in parts of Canada, just over half of patients in the later stages of the disease received chemotherapy, compared to 45 per cent in Norway but only 43 per cent across the UK. In Northern Ireland, the proportion stood at just 23 per cent. Radiotherapy use was…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chancellor Rachel Reeves is to launch a “concierge service” to smooth the way for international financial services companies moving to and expanding in the UK, part of her efforts to boost the City of London.Reeves will use her Mansion House speech next week to set up a “single front door” for investors, helping them to navigate issues such as visas and regulation, in a recognition that Britain is locked in a fierce battle for business with centres such as Paris, Singapore and…

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…