Author: Arabian Media staff

Delta’s earnings beat and outlook ease fears of a slowdown in travel demand. Source link

Image: Dubai Media Office Dubai Duty Free has signed a Memorandum of Understanding (MoU) with Crypto.com, a global provider of cryptocurrency services, to explore the integration of crypto payments and develop collaborative digital initiatives. The agreement is part of Dubai Duty Free’s broader strategy to enhance customer convenience and lead innovation in the travel retail sector. The MoU outlines a framework for introducing cryptocurrency as a payment option across Dubai Duty Free’s in-store and online platforms. It also opens opportunities for both entities to collaborate on strategic partnerships, joint marketing campaigns, and customer engagement initiatives that leverage the capabilities of…

Stay informed with free updatesSimply sign up to the Technology myFT Digest — delivered directly to your inbox.Techworld is abuzz with how artificial intelligence agents are going to augment, if not replace, humans in the workplace. But the present-day reality of agentic AI falls well short of the future promise. What happened when the research lab Anthropic prompted an AI agent to run a simple automated shop? It lost money, hallucinated a fictitious bank account and underwent an “identity crisis”. The world’s shopkeepers can rest easy — at least for now.Anthropic has developed some of the world’s most capable generative…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldMarket volatility has dropped to near its lowest levels of the year and stocks are trading at record highs as anxiety over Donald Trump’s tariffs melts away despite the latest escalation of his trade war.Nvidia led a surge in tech stocks this week as the chipmaker reached an unprecedented $4tn valuation, while the Vix index, a measure of short-term expected volatility in the S&P 500, has fallen to 16, well below its long-run average of about 20.A similar index for…

Stay informed with free updatesSimply sign up to the Cyber Security myFT Digest — delivered directly to your inbox.Four people have been arrested in connection with the cyber attacks on British retailers Marks and Spencer, Co-Op and Harrods, UK police said on Thursday.The National Crime Agency said that the four — three men and a woman — were apprehended on suspicion of organising the attacks in April that cost the retailers millions of pounds.The four were arrested at their homes in the West Midlands and London. Two of the men are 19, while another is aged 17 and the woman…

Stay informed with free updatesSimply sign up to the Professional services myFT Digest — delivered directly to your inbox.PageGroup has flagged a recovery in the US jobs market, with a boost in confidence among American employers helping to offset sinking profits in the recruiter’s European business. London-listed PageGroup reported a 10.5 per cent fall in gross profits in its second quarter on Thursday in constant currencies to £194.8mn, largely due to worsening hiring conditions in its biggest markets of France and Germany.However, chief executive Nicholas Kirk said that “sensible business” was now taking place in the US, with profits from…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Delta Air Lines restored its financial guidance for the full year and set a rosy outlook for the next three months after demand trends “stabilised”, sending the group’s shares more than 8 per cent higher in pre-market trading. One of the US’s big three airlines, Delta said revenues were resilient in the three months ended June 30, helping it deliver results in line with previous guidance and underpinning a decision to boost its current quarter dividend by 25 per cent.Thursday’s results cover…

Strategists at JPMorgan say retail investors will help drive stock gains this year, and foreign investors could pitch in. Source link

This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersWelcome to Energy Source, coming to you from New York. Donald Trump has continued to wage his trade war against the US’s trading partners and sent letters to eight more countries on Wednesday, including threatening Brazil with a 50 per cent tariff. The latest announcements followed earlier statements in which the president said he would impose 50 per cent duties on copper — a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Fast Retailing has reported a global shift of shoppers buying lighter layers of garments to cope with longer, hotter summers, in a trend that has helped keep Asia’s largest clothing retailer on track to hit record annual profits.The Uniqlo brand owner said consumers were bringing forward their purchases of summer clothing, as unusually early heatwaves scorched Europe, Asia, and the US.Uniqlo has been adapting to the changing trends by holding larger stocks of clothing that can be sold all year round, while…