Author: Arabian Media staff
Image credit: X image Apple Inc. announced on July 8, 2025 that Sabih Khan, a 30-year veteran of the company and currently Senior Vice President of Operations, will become its new Chief Operating Officer (COO) later this month. He will succeed Jeff Williams, who plans to retire at the end of the year following a nearly three-decade tenure at the iPhone maker. Read-Apple just leveled up AirPods: Here’s what’s new The move is part of a long-planned succession strategy, Apple said in a statement. Williams, who has served as COO since 2015, will remain at the company through the end…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Disney and ITV have struck a deal to show their programmes on each other’s platforms for the first time in the latest sign of the fast-changing relationships between traditional European broadcasters and US streaming platforms.Under the terms of the agreement announced on Thursday, ITV will begin showing some of Disney’s hit programmes, such as The Bear, while giving the US streamer some of its biggest shows, including Love Island, in a promotional grab for each other’s audiences. Viewers will be able to watch…
Former staff say fired whistleblower’s lawsuit reflects wider problems at LVMH drinks division Source link
Stay informed with free updatesSimply sign up to the Accountancy myFT Digest — delivered directly to your inbox.The UK accountancy regulator has launched an investigation into Deloitte and Azets over their audits of Stenn, a fintech that collapsed into administration in December after its lenders began probing potentially suspicious transactions. The Financial Reporting Council will examine audits of the invoice-financing company performed by Big Four auditor Deloitte and Azets, a top 10 UK accounting firm, between 2017 and 2023. Deloitte took over as Stenn’s auditor from Azets, which is backed by private equity firm Hg, for the 2023 financial year.Azets…
Amazon is weighing another multibillion-dollar investment in Anthropic to deepen a strategic alliance that the tech companies believe will provide an edge in the global competition to profit from artificial intelligence.The Seattle-based cloud and ecommerce group has discussed plans to extend beyond the $8bn it has already ploughed into the San Francisco-based AI model builder, according to multiple people with knowledge of the talks. A new deal would further a relationship that — according to interviews with more than a dozen Amazon and Anthropic executives, board members and investors — has become vital to both their futures. The investment will…
Apollo has used its in-house insurer Athene to remake US private capital, using billions of dollars from retirees to feed its asset management machine. But now it is another Apollo-backed insurer, Athora, that is on the march in Europe, with a £5.7bn acquisition that heralds the private equity giant’s arrival into the continent’s largest retirement market.The biggest UK deal of the year so far relates to the obscure but lucrative insurance niche of pension risk transfers or bulk annuities. Over the next decade, British companies are expected to offload about £500bn of retirement obligations and the assets backing them to…
du, UAE’s telecom and digital services provider, and Omantel, the Sultanate of Oman’s integrated telecommunications company, have announced the activation of the Oman Emirates Gateway (OEG) — a 275-kilometre international fibre optic submarine cable system designed to enhance digital connectivity between the UAE and Oman. The OEG connects three major regional data centres: datamena DX1 in Dubai, Equinix MC1 in Barka, and Equinix SN1 in Salalah. The high-capacity system aims to provide a seamless express route that improves network efficiency, speeds up connectivity, and offers a significant uplift in digital service experiences across the region. Recent news: du and Huawei…
Hello everyone, this is Cissy from Hong Kong.Monday was a big day for BYD, as it marked the first anniversary of the Chinese EV champion’s Thailand factory. It delivered its 90,000th vehicle in Thailand, a D9 MPV from its premium sub-brand Denza, after officially entering the south-east Asian nation in 2022.BYD is also set to begin assembling electric vehicles at its new factory in Brazil, its largest overseas market, as early as this month. The company aims to produce 50,000 vehicles there this year, a move designed to reduce reliance on imports as tariffs increase.BYD has set a total sales…
The Sharjah Real Estate Registration Department has launched an upgraded version of its official website, marking a major step in its ongoing digital transformation journey. The revamp aims to enhance the delivery of real estate services and offer an integrated digital platform that caters to a wide range of customers across the emirate. Read- Sharjah sees 25% rise in foreign real estate investment, says Shurooq The new website boasts a modern, interactive design aligned with Sharjah Government’s directives to advance smart services and improve market attractiveness. The platform is tailored to serve investors, developers, homeowners’ associations, individuals, banks, and government…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jupiter has agreed to buy CCLA, the biggest manager of money for UK charities, in a £100mn deal as the group seeks to grow its assets after a period of poor performance and client defections.London-listed Jupiter said on Thursday that the acquisition of CCLA, which counts the Church of England as one of its biggest clients, will add £44.3bn in assets.Jupiter’s chief executive Matthew Beesley said the deal would “increase scale in our home market of the UK, where Jupiter is already…