Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The London market’s best chances of revival could lie in attracting more secondary company listings, according to a report by Britain’s biggest business lobby group.A report published by the CBI on Wednesday suggests that the London Stock Exchange could offer a “complementary venue” for additional listings, especially for Asian companies that are becoming more cautious about the US as the Trump administration takes an increasingly hard line against China and other Asian trading nations.The CBI’s road map for reform of the London market…
Apple is known for its supply-chain prowess and is turning to a company veteran to become its next chief operating officer. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple has promoted Sabih Khan to chief operating officer, putting him in charge of the company’s supply chain when the tech giant and its peers are navigating Donald Trump’s trade war.Khan, who joined Apple in 1995, will take over at the end of the month from his current boss Jeff Williams, who led the development of the iWatch, as part of what the company described as a “long-planned succession.”Williams, a 27-year veteran of the company, took over leadership of Apple’s vast supply…
U.S. Commerce Secretary Howard Lutnick said Tuesday that another batch of tariff letters was close to going out, followed by “a general letter” that would cover trading partners that didn’t get their own missives. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has said the US will impose big tariffs on copper and pharmaceuticals as the president steps up his global trade war. Trump told reporters before a cabinet meeting on Tuesday that “today we’re doing copper”, adding that he believed the tariffs on the industrial metal would be 50 per cent. Trump also said the US could impose levies of up to 200 per cent on drug imports after an 18-month transition period. Trump’s latest volley of new tariffs…
The U.S. junk bond market is sending an optimistic message about the economy, despite market volatility around tariffs. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hundreds of US space companies are sounding an urgent alarm over the government’s proposal to cut funding for a planned space traffic co-ordination system designed to prevent collisions in orbit.Seven trade organisations representing more than 450 US space-related companies, including SpaceX and Blue Origin, sent a letter to congressional leaders warning that slashing funding by nearly 85 per cent for the Office of Space Commerce would jeopardise safety in space.“This is an issue of the greatest concern,” said Tom Stroup, head of…
ProKidney’s stock was the biggest gainer and most actively traded on Tuesday following “very intriguing” news regarding the biotech’s CKD and diabetes treatment. Source link
Stay informed with free updatesSimply sign up to the European banks myFT Digest — delivered directly to your inbox.UniCredit on Tuesday said it had increased its equity stake in Commerzbank to about 20 per cent, as the Italian bank doubles down on a potential takeover of Germany’s second-largest lender despite opposition from Berlin.UniCredit has built a 28 per cent interest in Commerzbank since last year through a combination of share purchases and derivative transactions.Before the Italian bank’s latest announcement, it had a 9.5 per cent equity stake in Commerzbank, with the remainder of its 28 per cent interest held through…
Here’s why oil prices are climbing to their highest levels in two weeks, despite a group of oil producers agreeing to open the floodgates of global crude supply. Source link