Author: Arabian Media staff
Rotterdam has started reserving space for Nato supply ships and planning military exercises Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A surge in onshore wind turbines in England has yet to materialise one year on from Labour’s lifting of a de facto ban on new projects. Planning authorities have not received any applications for new large scale projects since restrictions were eased last July, according to Financial Times analysis of government data. The fourteen applications submitted between the lifting of the ban and April this year are all for small projects involving one turbine, amounting to a total combined capacity of around nine megawatts…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the author of ‘Chip War’ and adviser to Vulcan ElementsShortly after Beijing announced new restrictions on exporting rare earth minerals and the specialised magnets they make, the world’s auto industry warned of shortages that could force factory closures. China’s skilful deployment of rare earth sanctions this spring was probably the key factor in forcing Washington to reverse its tariff rises on the country. They represent a new era of Chinese economic statecraft — evidence of a sanctions policy capable…
Stay informed with free updatesSimply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox.Finance and arms bosses have backed calls for the government to make it easier for City firms and banks to provide support to the defence industry by providing a 10-year outlook of its investment projects.A task force led by the CBI and consultancy Oliver Wyman and made up of executives from across the defence and financial industries published a report on Tuesday looking at how to build the UK’s defence capabilities while driving economic growth.Among its other recommendations was for City…
Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest — delivered directly to your inbox.China has strongly criticised companies and local governments for fuelling overproduction that it blames for driving down prices, as inflation figures this week are expected to show that one of the country’s longest bouts of factory price deflation is running unchecked.Chinese producer prices have been mired in deflationary territory since September 2022, posing a challenge for policymakers accustomed to relying on manufacturing and exports to drive economic growth.In articles across state and party media, Chinese President Xi Jinping and other leading officials…
Regulators need to ask more questions about the people in the shadows Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UBS has made about 100 “goodwill payments” to Swiss customers after complaints about losses on foreign exchange derivatives that blew up in the wake of Donald Trump’s “liberation day” tariffs, as it seeks to draw a line under the episode at a time of heightened regulatory scrutiny. The Swiss bank set up an internal task force to examine the complaints after some of its clients suffered heavy losses when the US dollar fell sharply following Trump’s announcement of blanket tariffs on April…
Image: Image for illustrative purposes/ BAV TAiLOR/ Arab Fashion Week Europe is the global epicentre of fashion, blending cultural heritage, luxury craftsmanship, and design innovation. However, over the last plus two decades, China and Chinese consumers have dominated demand in the fashion and luxury segment. Post Covid, this dominance has started to recede, as China grapples with slowing economic growth, falling property prices, changing demographics and falling income levels. Leading European and other global brands are pivoting away from China; however, till recently, they were not able to find a direct substitute for Chinese consumer demand. The US as a…
One of the biggest mistakes that a collector can make when deciding to donate art is to assume that their favourite museum will want it. “Collectors often think, ‘I live in Chicago, so I want to give this to the Art Institute of Chicago,’ but 99 per cent of the time they’re going to say no,” says Michael Darling, co-founder of Museum Exchange.Founded in 2020, Museum Exchange is the first — and only — matchmaking platform for aspiring art donors and US and Canadian museums; it aims to avoid these rejections.Instead of offering artworks to museums directly, would-be donors list…
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 send more weapons to Ukraine, less than a week after Washington abruptly halted deliveries of some critical weaponry for Kyiv.The president’s comments on Monday signalled a departure from the Pentagon, which had stopped deliveries of certain weapons after concerns that its stockpiles had decreased too much to sustain the flow to Ukraine.“We’re going to send some more weapons. We have to, they have to be able to defend themselves,” Trump said, adding the weapons…