Author: Arabian Media staff
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldIn the late 1960s, after the discovery of natural gas deposits in the North Sea, the Dutch economy changed dramatically over a relatively short period. In 1964, the country had exported almost no gas; a decade later it exported the equivalent of 74mn tons of oil.The gas exports raised the value of the guilder, and taxes on the windfall allowed the Dutch to increase social spending, as research by Michael Ellman of the University of Amsterdam in the late 1970s…
Also: A way to limit your risk while investing in Nvidia, and advice on financial gifts drawn from retirement accounts. Source link
President Donald Trump seems willing to spend “financial markets capital” whenever stocks are up, say strategists at GlobalData, TS Lombard. Source link
Something different is happening to the U.S. dollar, which recently completed its worst first half of any calendar year since at least the 1970s: The dollar is strengthening this week, despite President Donald Trump’s ongoing tariff talk. Source link
Actual impact on trade “might be fairly limited,” analysts said. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Amazon Prime Day is often referred to as Black Friday in July. For good reasons. What started out as a one-day event back in 2015 for shoppers to snag discounts on big-ticket items has morphed into an annual extravaganza that is widely copied by other retailers.Last year’s Prime Day generated about $13.4bn in gross merchandise value over a 48-hour period, according to Bank of America. That’s a 10 per cent increase on 2023 and represents about 6 per cent of Amazon’s online…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is senior lecturer in marketing at King’s Business School, London Over its 90-year history, Jaguar has reinvented itself repeatedly. But since the start of the decade, the British car manufacturer has been forced to undertake a radical makeover that has sparked sharp division. The company, which originally made motorcycle sidecars, launched its first automobile in 1935. Success on the racetracks in the 1950s and the introduction of the legendary E-type in 1961 attracted customers, including the British government and the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hold the joe, Joe. Donald Trump’s puzzling tariff swipe this week at Brazil was enough to make any US coffee drinker fear they’d reached for the decaf by mistake. The South American powerhouse is their biggest supplier of beans. Gulp, indeed. But Europe’s caffeine addicts should be worrying about the price of their fix too.Coffee futures jolted higher on Thursday after the US president threatened 50 per cent tariffs on Brazilian products. In doing so, he blasted what he called a “witch-hunt”…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.CityFibre is closing in on a crucial £2.3bn refinancing designed to keep the UK’s third-biggest broadband network afloat. The alternative network provider, or “altnet”, was in final talks on Friday about a deal that will see shareholders including Goldman Sachs and Abu Dhabi’s sovereign investor Mubadala inject a further £500mn of equity into the company, according to people familiar with the matter. The group was also set to secure a further £960mn in debt from lenders including NatWest, ING and Société Générale,…
Filing your taxes can be time consuming and complex. That’s why over 85 million Americans turned to professional help for their electronic tax returns in 2024, according to the Internal Revenue Service (IRS) Key Takeaways More than half of American taxpayers seek professional help preparing and filing their electronic tax returns. Tax accountants and online preparation services are available at different price points; the cost varies based on the complexity and amount of time needed to process the return. The preparer’s skill level and expertise will also come into play, with CPAs and tax attorneys charging a higher base rate…