Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Revolut is in talks to raise new funding from investors at a $65bn valuation, according to people familiar with the matter, in a transaction that would fuel global expansion for Europe’s most valuable start-up.The UK-based financial technology group is in discussions to raise about $1bn of funding via newly issued shares and the sale of some existing stock, two of the people said.The US investment firm Greenoaks is in talks to lead the private funding round, one person said, cautioning that details…
Stay informed with free updatesSimply sign up to the US inflation myFT Digest — delivered directly to your inbox.The majority of US Federal Reserve officials warned at its June meeting that Donald Trump’s tariffs would have “persistent effects” on inflation amid a growing schism over when to cut rates. Minutes from the Federal Open Market Committee’s meeting on June 17-18 showed that while some rate setters believed the levies would trigger a one-off price increase, most were more worried about the longer-term impact. “While a few participants note that tariffs would lead to a one-time increase in prices and would not affect…
Few topics feel as grim—or as confusing—as what the Social Security Administration (SSA) does with your benefits after you pass away. The checks don’t just keep coming in. Rather, the SSA terminates payment for the month of death, recovers any overpayments that may have inadvertently occurred, and, if a qualifying relative survives you, converts the payments to survivors’ benefits.Understanding this process can save families the aggravation of repayment issues and help ensure that they receive every penny that they’re entitled. Key Takeaways When someone receiving Social Security benefits dies, payments received for the month of death (and any subsequent payments)…
For four countries, the tariff rates announced Wednesday are below their April 2 levels, while two countries will see an increase and Algeria will not see any change. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.One by one the supposed pillars of the economic argument for Brexit have been knocked away by the realities. Far from being shackled to a corpse, as some Brexiters described the EU economy, both the Eurozone and the EU have grown faster than the UK since the 2016 referendum. Britain’s goods exports have slumped compared with the rest of the G7. “Look at services”, Brexiters cry. Their export growth has been exceptional, according to Policy Exchange, the right-of-centre think-tank. The Office for…
The time required to bring new marginal copper production online is measured in years, not months, says CIO Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe world has changed and the western-led postwar order is over, or so the Brics bloc of developing nations insists. Equally clear at the group’s annual summit in Rio de Janeiro this week was that the Brics have changed too — and not for the better. The new model is bigger, less coherent and far less likely to achieve any of its putative goals.Gone is the select club of emerging market heavyweights, which traces its origins to an acronym coined…
The Trump administration said borrowers enrolled in the SAVE program will see their balances grow, starting in August. Source link
In the nearly three years since Musk acquired Twitter, the social-media platform has endured mass firings; an advertiser exodus; and, of late, antisemitic posts by its AI chatbot, Grok. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The number of US measles infections has surged to the highest level since 1992, causing 162 hospitalisations and three deaths this year, according to data from the Centers for Disease Control and Prevention.Since the start of the year, there have been 1,288 confirmed cases nationally though July 8, the highest since 1992, when there were 2,126 cases in the whole year. About one-third of the cases have been in one west Texas county. The state’s health authority said on Tuesday there had…