Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Barry Callebaut has lowered its outlook for the third time this year due to “unprecedented” disruption caused by wild swings in cocoa prices, sending shares in the Swiss chocolatier down 13 per cent on Thursday. The world’s largest cocoa processor, which supplies confectioners including Nestlé, is now expecting its sales volumes to fall 7 per cent in the year to the end of August, having previously forecast a more modest mid-single-digit percentage decline. Barry Callebaut has been grappling with what it called…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Coffee futures jumped on Thursday after US President Donald Trump threatened 50 per cent tariffs on Brazil, the world’s biggest producer, jolting the industry and risking a price surge for US consumers. In a letter posted to Truth Social on Wednesday, Trump said the US would hit Brazil with the steep tariff rate from August 1, accusing the country’s government of attacking free speech and orchestrating a “witch-hunt” against Brazil’s former rightwing president Jair Bolsonaro.Arabica coffee prices trading in New York climbed more…
Careem has launched a new AI-powered Grocery List tool designed to streamline the online shopping experience for customers in the UAE. The feature allows users to convert handwritten or typed grocery lists into ready-to-checkout orders directly within the Careem app. Customers can upload a photo of their list, scan a written note, or type items directly into the app. The tool then uses AI to identify and extract each item, generating a personalised page with matching products that can be added to the cart in seconds. The goal is to reduce the time spent on grocery shopping by eliminating the…
Actress Ana de Armas has officially offloaded her New York City apartment for $3.5 million—after opting to relocate to a $7 million, off-grid estate in Vermont. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Royal Mail will end Saturday deliveries of second-class letters later this month, after Britain’s media regulator Ofcom approved a shake-up of the UK’s struggling universal postal service.Second-class letters will be delivered on alternate weekdays from July 28, while first-class mail will still be delivered six days a week. The cuts could save the postal group between £250mn and £425mn a year, the regulator said. “These changes are in the best interests of consumers and businesses, as urgent reform of the postal service…
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…