Author: Arabian Media staff
This is an on-site version of the White House Watch newsletter. You can read the previous edition here. Sign up for free here to get it on Tuesdays and Thursdays. Email us at whitehousewatch@ft.comGood morning and welcome to White House Watch!Let’s dive into:Donald Trump is back to making tariff threats.The carrot: he gave US trading partners another three weeks beyond the original July 9 deadline to negotiate trade deals before his so-called reciprocal tariffs go into effect. The stick: if agreements are not reached by then, countries risk being slapped with roughly the same sweeping tariffs Trump announced on “liberation day” in April.Yesterday,…
Image: Al Ansari Financial Services Al Ansari Financial Services has confirmed that its wholly owned subsidiary, Al Ansar Exchange (AAE), experienced a minor technical issue on Saturday, 5 July, resulting in the unintentional transfer of funds to a limited number of customer accounts. In a disclosure on the Dubai Financial Market (DFM) website, the company stated that its teams responded immediately to the incident, working closely with relevant financial institutions. “The vast majority of the amounts were successfully recovered,” the statement noted. Al Ansari emphasised that the incident did not disrupt its regular operations. “Regular daily transactions and our operations…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brookfield Corporation is set to become the largest private investor in Sizewell C and EDF will cut its stake, according to terms close to being finalised with the UK government for its flagship nuclear project.The UK government is seeking to reach a final investment decision later this month, with Canadian investor Brookfield set to have a more than 20 per cent stake, making it the largest shareholder after the UK government, which is expected to retain majority control, according to a person…
Stay informed with free updatesSimply sign up to the Financials myFT Digest — delivered directly to your inbox.Former UK prime minister Rishi Sunak is set to join Goldman Sachs as a senior adviser, in his first major role since he resigned as Conservative party leader last year following Labour’s landslide general election victory.The job marks a return to the Wall Street investment bank for Sunak who spent the first few years of his career there from 2001 to 2004, first as a summer intern then a junior analyst. “I am excited to welcome Rishi back to Goldman Sachs in his new…
WeightWatchers’ stock was surging after the company emerged from bankruptcy two months after it was announced. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Save the Children has halted a decades-long partnership with BCG over its work on Gaza, after the consultancy helped develop a contentious aid scheme and modelled the costs of relocating Palestinians out of the strip.Save the Children International chief executive Inger Ashing wrote to staff on Monday to say the charity was “appalled and deeply disturbed” by the Financial Times’ coverage of BCG’s work in Gaza.She told staff that Save the Children had “suspended all ongoing work” with BCG pending an external…
Stay informed with free updatesSimply sign up to the US equities myFT Digest — delivered directly to your inbox.Wall Street banks are turning more bullish on US stocks, despite President Donald Trump’s renewed threats of steep tariffs on major trading partners, with most big companies expected to shrug off the turmoil in the upcoming earnings season.Goldman Sachs strategists this week joined JPMorgan Chase, Barclays, Citigroup and Deutsche in lifting their end-of-year target for the S&P 500, believing the index will rally 11 per cent beyond the record high it hit last week. Goldman said the administration’s shifting tariff policy had generated…
Investor assumptions that wealth will continuously increase is about to be tested. Source link
The maker of solar-power components saw its stock downgraded after Trump’s executive order enforcing a phaseout of tax credits. Source link
With thin liquidity and lots of market players absent, the third quarter can often be accompanied by market turmoil. Source link