Author: Arabian Media staff
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldPrivate space companies, including Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin, stand to benefit from a preferential tax treatment tucked into Donald Trump’s signature spending plan. The bill, which Trump signed last week, includes a provision that will allow spaceports to be financed in the municipal debt market through so-called private activity bonds, which fund non-governmental projects that have some public benefit. The financing tool, which offers tax-free interest and thus lower financing costs compared with traditional corporate bonds,…
“My daughter has severe health issues — lymphoma, which is now in remission.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK financial regulator has fined Monzo £21mn for repeatedly breaching rules against opening accounts for “high-risk customers” after the digital bank took on clients with “obviously implausible information”.The Financial Conduct Authority started reviewing Monzo’s financial risk controls in 2020 and opened a formal investigation in 2021.Despite the watchdog imposing a block on Monzo opening new accounts for high-risk customers, the lender “repeatedly failed to comply with the terms of the requirement” and signed up more than 34,000 high-risk clients between August…
Here’s the not-so-dirty secret behind the four-day shopping lollapalooza. Source link
Global stock markets were steady on Tuesday as investors awaited the next moves from Donald Trump, after the US president announced tariff rates for more than a dozen of the US’s trading partners. The US president on Monday sent letters to 14 trading partners, including Japan and South Korea, setting out the tariffs that would come into effect on August 1. The White House has said more letters will be sent this week.Speaking late on Monday, Trump also left the door open for negotiations, saying that the letters were “more or less” final offers, and “not 100 per cent firm”.This…
Kevin Warsh, the former Fed governor considered the most likely replacement for Jerome Powell to lead the Fed, on Monday night articulated his vision for policy. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Faltering efforts to bring down UK government debt in recent years have led to a “substantial erosion” of the country’s capacity to tackle future shocks and strains on public spending, the independent fiscal forecaster has warned. Efforts to put the UK’s public finances on a more sustainable footing have met with only “limited and temporary” success in recent years, the Office for Budget Responsibility said in its fiscal risks and sustainability report on Tuesday. While underlying public debt is at its highest level since…
Hollywood star Emma Roberts has sold her “grown-up dollhouse” for $4.8 million just 2 months after putting the sprawling L.A. dwelling on the market. Source link
Image: Getty Images For corporate real estate professionals, HR strategists, relocation experts, and investor teams, the rent-or-buy decision in the UAE goes beyond lifestyle: it’s a core financial strategy. Bloom Holding’s latest report dives into the numbers across 77 areas in five emirates, spotlighting where renting is more cost-effective than buying—and vice versa. This delivers a powerful framework for aligning accommodation decisions with long-term business objectives. Renting vs. buying: What the data reveals Bloom Holding’s research compares median monthly rent with estimated mortgage costs (inclusive of service charges and housing fees) across key regions in Dubai, Abu Dhabi, Sharjah, Ajman,…
The actress and her estranged spouse, Cash Warren, have secured a buyer for their “dream” Beverly Hills home, amid their ongoing divorce. Source link