Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Two of Boston Consulting Group’s senior executives will leave their leadership roles in the wake of revelations about the firm’s work in Gaza, according to people familiar with the matter.Adam Farber, chief risk officer, and Rich Hutchinson, head of BCG’s social impact practice, will lose those jobs following the results of an internal investigation, the firm’s partners have been told.They would remain at BCG in client-facing roles, the people said. BCG declined to comment.The two men were named in a Financial Times…

Amazon’s Prime Day event has grown to four days, but some signs point to a lack of consumer enthusiasm this year. Source link

The company reported results as it looks to offer more denim offerings than jeans and focuses on selling through its own stores. Source link

Economists have been expressing alarm over U.S. President Donald Trump’s plan to hit Brazil with a 50% tariff on Aug. 1 — the largest country-specific levy out of the 22 that Trump has rolled out this week. Source link

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldBrazil’s leftwing president is standing firm against Donald Trump’s 50 per cent tariff threat, as Luiz Inácio Lula da Silva seizes the confrontation with Washington to revive his re-election prospects. After the US president jolted Brazil on Wednesday with a letter citing political justifications for imposing supercharged duties, Lula immediately promised to retaliate, saying his nation “would not be tutored by anyone”. The foreign ministry also summoned the acting US ambassador and returned Trump’s “insulting” tariff letter to him. Brasília…

Hearst said it had agreed to pay a 219% premium on Wednesday’s closing price for shares of DallasNews Corp. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ken Griffin’s Citadel Securities has bought Morgan Stanley’s electronic options market making business, underscoring how high-frequency trading firms now dominate an industry once ruled by Wall Street banks. Citadel purchased both the underlying business from Morgan Stanley and a large options position, said a person familiar with the matter. The tie-up highlights how high-frequency trading firms are playing an increasingly important role on Wall Street, leveraging powerful computers to buy and sell financial products such as stocks, bonds and derivatives. Citadel executed…

Demand for fixed-income exchange-traded funds has surged in the past week, as U.S. government debt reversed outflows. Source link

U.S. stocks are overbought — but overbought does not mean sell. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Pentagon is making a $400mn direct investment in a US rare earths producer, in an unusual arrangement highlighting the Trump administration’s determination to break Chinese dominance of critical minerals and bolster domestic supply chains. The company, MP Materials, said on Thursday that the Pentagon would become its largest shareholder, taking a 15 per cent stake in the company, as well as invest billions of dollars to build a 10,000 metric tonne magnet manufacturing facility — expected to begin commissioning in 2028.“This…