Author: Arabian Media staff
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…
Elon Musk ignored hot-button issues including Linda Yaccarino’s departure and Grok’s sudden antisemitic outbursts as xAI presented the latest version of its large language model. Source link
AI is the latest in a sequence of inventions that have made humanity dumber Source link
This article is an on-site version of Free Lunch newsletter. Premium subscribers can sign up here to get the newsletter delivered every Thursday and Sunday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.This was the week we were supposed to find out what tariffs the US was going to charge importers after tearing up the global trade rule book. But my colleague Alan Beattie has already said everything that can be sensibly said about President Donald Trump’s trade policy: Nobody. Knows. Anything. The only thing I would add is that other countries’ leaders must learn to…
“A very stressful year-long job search yielded less than satisfactory results.” Source link
Image: Supplied The UAE continues to experience momentum and innovation in digital assets. With the Central Bank’s recent regulation for payment tokens, the approval of the first UAE dirham-backed stablecoin and significant startup and investment activity, the region is actively shaping its role and the future of web3. In April, Abu Dhabi’s sovereign wealth fund ADQ, First Abu Dhabi Bank and IHC announced plans to jointly launch a new dirham-backed stablecoin. This initiative adds momentum to the country’s efforts to become a global hub for digital assets and fintech innovation. While the landscape expands with potential, it’s also layered with…