Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nvidia plans to launch a new artificial intelligence chip designed specifically for China as soon as September, with chief executive Jensen Huang planning a visit to reassert the company’s commitment to the country.The chip is a version of Nvidia’s existing Blackwell RTX Pro 6000 processor modified to meet US President Donald Trump’s tightened export control rules, according to people with knowledge of the plans. The product would be stripped of the most advanced technologies, such as high-bandwidth memory (HBM) and NVLink, which…

These charts help to highlight some of the disconnects between the economic data, expectations and current market pricing that could create trouble for stocks later this year. Source link

Stay informed with free updatesSimply sign up to the UK energy myFT Digest — delivered directly to your inbox.The UK government is set to hold a minority stake in the Sizewell C nuclear power project as ministers close in on a final deal to secure private investment into the multibillion pound development.The government’s stake is expected to be diluted to around 47.5 per cent, with Canadian investor Brookfield Asset Management, British energy supplier Centrica and French energy giant EDF holding the remainder, according to people with knowledge of the ongoing negotiations.Brookfield is likely to take a 25 per cent stake,…

Analysts at LightShed think Apple would benefit from a CEO more focused on the product side of the business — or it risks missing out on the AI boom. Source link

Copper markets were jolted by President Donald Trump’s vow to impose 50 per cent tariffs on imports of the world’s most important industrial metal, leaving producers and traders weighing the consequences of such a move.Although US copper prices shot higher after Trump delivered his threat on Tuesday, the global price on the London Metal Exchange sank on Wednesday as traders bet that any tariffs would ultimately hit demand for the metal.“Eventually, physical demand growth for copper worldwide will come under pressure, as downstream players seek to defer consumption,” said Tom Price, commodities analyst at Panmure Liberum. The US imports about…

An app just for U.S. users, which looks set to run on an algorithm and data system that’s separate from TikTok’s global platform, would pave the way for a possible sale. Source link

Dubai-based smart contact lens startup XPANCEO has closed a $250m Series A funding round at a $1.35 billion valuation, officially earning unicorn status as it accelerates efforts to launch the world’s first all-in-one AI-powered extended reality (XR) smart lens. The funding round was led by Opportunity Venture (Asia), which also spearheaded XPANCEO’s $40m seed round. The new capital will support final product development, global team expansion, and fast-track the company’s go-to-market strategy — with a vision to replace smartphones, smartwatches, and other devices with a single seamless wearable: the eye-based smart lens. XPANCEO focuses on future after $250m funding boost…

Freeport-McMoRan’s stock is J.P. Morgan’s ‘top pick’ for investors who want exposure to copper. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is executive director of the Nonproliferation Policy Education Center and was the Pentagon’s deputy for nonproliferation from 1989-93Of all the questions America’s bombing of Iran has generated, the one that’s received the least attention is how we got here. The US and Israeli assault on Iran’s nuclear facilities was the predictable result of persistent US and international unwillingness to draw the line properly between safe and dangerous nuclear activities or materials. If America and like-minded nations continue to condone nuclear…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Uncle Sam has a copper problem. In very round numbers, the US produces 1mn tonnes of the red metal, and consumes 2mn. The deficit is filled from overseas, creating a potential geopolitical vulnerability. Yet even within the US, there’s ample copper to go round, for those brave, rich and patient enough to extract it — especially if cheaper imports suddenly lose their allure. A case, then, for tariffs.That, at least, is the logic from the White House. President Donald Trump has pledged…