Author: Arabian Media staff
This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here.Good morning. Donald Trump has extended his deadline for reciprocal tariffs on trading partners from tomorrow to August 1. India’s commerce minister Piyush Goyal has been busy managing expectations these past few days, saying a deal should not be made under pressure at the expense of national interests. It is clear that the two countries are still struggling to agree on agricultural products. After our previous update on the deal, many…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Samsung Electronics delivered an earnings shock on Tuesday, projecting a 56 per cent drop in second-quarter operating profit, as US restrictions on China and its struggle to supply key customer Nvidia with advanced memory products weighed on its performance.The company, one of the world’s largest makers of memory chips, estimated its operating profit for April to June at Won4.6tn ($3.3bn), its weakest in six quarters and the fourth consecutive quarterly decline. It was significantly lower than the Won6.3tn profit forecast by LSEG…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThis article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereGood morning and welcome back to FirstFT Asia. In today’s newsletter: Trump threatens Asian allies with steep tariffs Wall Street trading firm fights India banHong Kong’s listings pipeline hits record highDishoom’s guide to dining in MumbaiDonald Trump has renewed his threat to hit major trading partners…
Exxon flags potential hit in profit just as OPEC and allies announce larger production increases. Source link
Golfers that are in the top 125 are having a great life, he says. “But I feel so bad for the guys who are 165” and lower. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldLeaders at the Brics summit of developing nations have lashed out at US President Donald Trump’s latest threat of an extra tariff on nations aligning with the bloc while vowing to double down on efforts to move away from the US dollar.The 11-nation group, which includes China, Russia and Iran, had already criticised Washington’s unilateral tariffs and attacks on Iran in a final statement from its Rio de Janeiro meeting, without mentioning the US by name. However, a social media…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK government is taking steps to rein in employers’ use of “gagging clauses” to cover up workplace harassment, in a set of changes championed by the whistleblower at the heart of the Harvey Weinstein scandal. Government-backed amendments to the employment rights bill would make non-disclosure agreements null and void when they were used by employers against employees who had been subjected to harassment, including sexual harassment and discrimination, the government said.The provisions would also allow people who witness harassment to “call it…
Many entrepreneurs have chosen to accumulate wealth in the private sector and become philanthropists later in life. Now, however, a growing number of entrepreneurs are working to solve social issues using their businesses. Globally, a new business model has emerged that meshes businesses with government and social organizations. Nonprofits and for-profit businesses can team up to form a hybrid business model, led by a new generation of social entrepreneurs. These leaders successfully tackle social issues while generating profit for shareholders. Widespread use of ethical practices such as impact investing, conscious consumerism, and corporate social responsibility programs facilitated the success of the…
The changes won’t happen all at once. Here’s when Americans can expect key provisions of the GOP tax and spending bill to go into effect. Source link
Analysts and investors have been talking for years about de-dollarization the gradual shift by governments, companies, and investors away from using the U.S. dollar as the world’s default trading and reserve currency. In 2025, de-dollarization appears to be gaining speed. New reports highlight how Southeast Asian and BRICS economies are formalizing local-currency trade-settlement schemes and encouraging companies to hedge less in dollars, responding to both currency volatility and geopolitical risks. At the same time, central banks bought upwards of 244 metric tons of gold globally in the first quarter of 2025—well above the five-year quarterly average—even as private investors poured…