Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US power providers are seeking to impose big price increases on consumers following booming data centre demand, sparking debate over who should pay for the electricity burden of artificial intelligence. Utilities have sought regulatory approval for $29bn in rate increases in the first half of 2025, a 142 per cent increase over the same period a year ago, according to a new report by PowerLines, an energy affordability advocacy group. These increases highlight the question of whether surging electricity costs will be…
Image credit: Supplied As the academic year draws to a close, Careem Rides has released a recap of its School Rides service, highlighting key achievements in its third year of operation in Dubai. The service, launched in partnership with Dubai’s Roads and Transport Authority (RTA) in 2023, has rapidly become a popular choice for parents seeking safe, convenient, and affordable school transport options. Read-New! Careem Pay expands remittance service to 18 European corridors In the 2024 academic year alone, more than 300,000 School Rides were completed — a major milestone that reflects the service’s growing adoption across the city. Careem’s…
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Yesterday President Donald Trump threatened Brazil, which the US ran a trade surplus of $24bn with in 2023, with 50 per cent tariffs. The grounds for the threat are that Brazil’s former president Jair Bolsonaro is being unfairly prosecuted for, um, attempting to stay in office after losing an election. Unhedged feels this is a little too on the nose and will be having…
Images: Samsung.com Samsung took centre stage at its recent Unpacked event in New York, unveiling the Galaxy Z Fold 7, Galaxy Z Flip 7 (and Flip 7 FE), and the Galaxy Watch 8 series. The new lineup reflects Samsung’s dominance in foldables and wearables. Samsung’s 2025 lineup elevates mobile experiences through AI-native design and hardware. The Z Fold 7 and Z Flip 7 lean into thinner form factors and flagship-grade imaging, while the Watch 8 series sets a new standard for holistic health monitoring. With Google Gemini AI embedded across the ecosystem, Samsung marked its focus in creating smarter, personalised,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water is weighing a last-ditch rescue from a former Liberal Democrat peer working with a little-known financial services firm, which claims it can unpick the teetering utility’s complex corporate structure to better serve the environment.Lord Rupert Redesdale, the former Liberal Democrat energy spokesman, has been helping prepare a potential bid for Thames Water from Muinín Holdings, a Mayfair-based investment firm, according to people familiar with the matter.Redesdale is chief executive officer of The Water Retail Company, a specialist supplier of water…
This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. The UK and France have pledged for the first time to co-ordinate the use of their nuclear weapons, and jointly respond to protect Europe from any “extreme threat”. That signals a major step-up in co-operation between Europe’s two nuclear powers as they seek to both respond to a growing threat from Russia and reduce the continent’s reliance on…
The US president has stepped up his criticism of the central bank’s chair, prompting some to question how long it can remain above politics Source link
Image: Supplied As digital transformation accelerates across the Middle East, global tech players are sharpening their regional focus. At the forefront of this strategic shift is Sahil Dhawan, newly appointed president and head of India, Middle East & Africa Business at Tech Mahindra. With a strong track record in building client-centric strategies, Dhawan now leads the company’s expansion across key growth markets, including the UAE and Saudi Arabia, at a time when national visions, sovereign tech, and AI-led transformation are reshaping the technology landscape. In this exclusive interview, Dhawan outlines his immediate and long-term priorities for the region, explains how…
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereToday’s agenda: Moët Hennessy’s sexual harassment case; US Federal Reserve independence; Madrid political crisis; and summer book picksGood morning. Donald Trump has threatened to hit Brazil with tariffs of 50 per cent and accused it of attacking free speech and treating former president Jair Bolsonaro unfairly, in a significant escalation of tensions between the US and Latin America’s biggest economy.What happened: In a letter posted to…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe writer is president of Queens’ College, Cambridge, and an adviser to Allianz and GramercyIt did not take long after last week’s UK fiscal drama for the typical political response to emerge. There was a swift pivot from a focus on what happened — the gutting of the government’s welfare reform bill and market-destabilising scenes in parliament — to looking at how it happened.Yet it would be an economic mistake to defer addressing the “what” at a time when fiscal…