Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A cargo ship sunk by Houthi militants on Monday could face tens of millions of dollars in uninsured losses, after setting sail without war risk cover added to its policy from one of the world’s largest marine underwriters.US-based Travelers did not extend war risk cover to the Greek-operated bulk carrier Eternity C before its fatal Red Sea passage, multiple people familiar with the matter said, leaving the ship’s owners exposed to losses after a missile attack sank the vessel and killed at…
Image credit: WAM/Website Masdar City has launched real-world testing of Level 4 autonomous vehicles (AVs) in partnership with smart mobility provider Solutions+, a Mubadala company. The initiative is being overseen by Abu Dhabi’s Integrated Transport Centre (ITC) and marks a significant step forward in the emirate’s efforts to become a global hub for sustainable and innovative transport. The project involves the registration, testing, and operational approval of Level 4 AVs, ensuring full compliance with safety standards and aligning with Abu Dhabi’s vision for a smarter, more connected transport network, a WAM report said. Read-Timeline revealed: Driverless Ubers to hit Dubai…
With Nvidia’s stock at record highs, some investors might be wary of buying. Options strategists suggest other ways to play the name. Source link
Clutter isn’t just a hassle around the house. Clutter in your financial life might actually be costing you money. Decluttering can improve your finances by helping to reduce impulse buys and limiting unnecessary expenses. New studies suggest it can boost savings, help with money management, and set the stage for long-term financial security. Key Takeaways Decluttering cuts waste, curbs impulse buys, and can even earn you extra cash. A tidy financial life supports mindful spending and improved financial security. Regular check-ins help avoid duplicate purchases, needless subscriptions, and missed opportunities. What Is Decluttering and Why Does It Matter? Decluttering is…
Robinhood’s stock is falling while those of other crypto-related companies are rallying after Florida’s attorney general launched an investigation into the company’s Robinhood Crypto subsidiary. Source link
Wedbush turned bullish on AMC’s stock, citing a more consistent movie-release slate over the next several quarters and prospects for market share gains. Source link
BNP’s strategy note “Running It Hot” predicts the S&P 500 at 6,700 12 months out, with Eurostoxx 600 rising to 590. Source link
As the U.S. national debt surpasses $36 trillion and deficit spending fuels concerns about inflation, some policymakers and analysts have wondered: Does cryptocurrency exacerbate the deficit problem? “Since crypto can generate incomes, and often very large incomes, for people in the industry, without producing any actually useful product, we should see it as a potential source of inflation similar to large budget deficits,” Dean Baker, senior economist at the Center for Economic and Policy Research, wrote in June. Still, the issue isn’t simple. From bitcoin’s effect on fiscal policy to stablecoins’ surprising support for U.S. debt, the real costs and…
Image: Getty Images Oil prices were stable on Friday, as investors weighed a weaker market outlook for this year by the International Energy Agency (IEA) despite tightness in the prompt market, in addition to tariff concerns and possible further sanctions on Russia. Brent crude futures were up 19 cents, or 0.28 per cent, at $68.83 a barrel as of 0807 GMT US West Texas Intermediate crude ticked up 25 cents, or 0.38 per cent, to $66.82 a barrel. Both contracts were little changed on the week, with Brent headed for a 0.8 per cent gain against last Friday’s close, and…
Tariffs will become a vital source of revenue for a government that refuses to cut spending. Source link