Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Having just passed his 45th anniversary, which is ancient in gaming years, you might expect Pac-Man to be considering retirement. Perhaps he has finally buried the hatchet with his ghost nemeses. Maybe he spends his days with his wife, trundling around a nice hedge maze in the country on a mobility scooter.But game characters don’t get to retire. And judging by the yellow guy’s latest game, he is going in the opposite direction. The first hint that Pac-Man has gone feral is…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UBS may have been handed an early win in its battle to moderate stringent new capital requirements imposed by the Swiss government. Who to thank? The pragmatic and slow-moving Swiss political system. The fierce debate between the Swiss lender and the government over how much more money it should hold in reserve domestically for its overseas branches has been raging for months. By Swiss standards, it has all become quite emotional.Many Swiss citizens remain rightfully angered by the collapse of Credit Suisse…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.WPP has named top Microsoft executive Cindy Rose as its chief executive, tasking her with leading the turnaround efforts of the struggling London-based advertising agency.Rose will replace Mark Read, who announced his departure in June after a thirty-year career with the agency.WPP shares are languishing at a sixteen-year low as the group has lost key clients to rivals such as Publicis, which overtook WPP as the world’s largest ad agency by revenue last year.Rose is chief operating officer for global enterprise at…

Stay informed with free updatesSimply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox.Grant Thornton’s UK and US businesses are vying to take over their German sister firm, in a private equity-fuelled race to secure a greater share of the accounting firm’s global network.Grant Thornton Germany is reviewing bids from Grant Thornton US and Grant Thornton UK, according to people familiar with the talks.The competition underlines a new dynamic between the firms following their recent injection of private capital. Grant Thornton’s US arm has been on an acquisition spree after selling a majority…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A biodiesel plant in northern England is set to close in the latest blow for UK industry following the collapse of an oil refinery in the same area last week. Greenergy, owned by global commodities trading giant Trafigura, said on Thursday that it planned to end biodiesel production in Immingham, in north-east Lincolnshire. The product is blended into normal diesel to reduce carbon dioxide emissions from transport.  The company blamed difficult market conditions due to competition from US imports and insufficiently ambitious mandates for…

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…