Author: Arabian Media staff
Company’s stock rallies on U.S. support to build the 10X Facility as its second domestic magnet-manufacturing plant Source link
This is an on-site version of the White House Watch newsletter. You can read the previous edition here. Sign up for free here to get it on Tuesdays and Thursdays. Email us at whitehousewatch@ft.comGood morning and welcome to White House Watch!Let’s get right into:Corporate America is broadly happy with Donald Trump’s “big, beautiful bill” since it extends tax cuts that make companies giddy. But there are some clear winners and losers. Here’s a breakdown by sector: FinanceThe $13tn private capital sector — which includes investment firms such as Blackstone and Apollo — maintained their precious carried interest tax loophole, something Trump had said he’d close.…
If the Trump trade wars caused any major private-sector layoffs, there’s little sign of it. Initial jobless claims fell last week to a nearly two-month low. Source link
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.The writer is co-founder, chair and CEO of SalesforceThe techno-atheists like to tell a joke.They imagine the moment AI fully awakens and is asked, “Is there a God?” To which the AI replies: “There is now.”The joke is more than just a punchline. It’s a warning that reveals something deeper: the fear that as AI begins to match human intelligence, it will no longer be a tool for humanity but our replacement.AI is the most transformative technology in our lifetime, and we face…
Image credit: WAM/Website The world’s best airports have been ranked for 2025, highlighting top performers in overall passenger experience, service quality, and infrastructure. Leading the global list is Cape Town International Airport in South Africa, scoring an impressive 8.57 out of 10. Not far behind is Doha Hamad International Airport in Qatar, with a strong score of 8.52. Riyadh King Khaled International Airport in Saudi Arabia secured third place with 8.47. These airports have been recognised for excellence in facilities, service, and overall passenger satisfaction. Read- Dubai’s DXB eyes real estate future after DWC takeover Airports in the Gulf Cooperation…
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…