Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK officials are hopeful that the country’s steel industry will avoid being slapped with a 50 per cent tariff by Donald Trump when a deadline expires on Wednesday for nations to negotiate tariff deals with the US president.London is locked in intensive talks with Washington to fully implement the “economic partnership” agreement signed by both sides on May 8. The accord offered a zero-tariff quota for UK steelmakers, but has not been agreed two months later.A spokesperson for Prime Minister Sir Keir…
Tesla’s stock is down because Elon Musk announced a new party. It should be up. Source link
Netflix’s stock slipped after a downgrade at Seaport Research, which believes the it has already priced in growth that could be years down the line. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Donald Trump in February sparked international condemnation with his plan to turn the shattered remnants of Gaza into the “Riviera of the Middle East”, while moving its 2.2mn population elsewhere. Yet as the Financial Times has reported, Israeli businessmen later shared with the US administration a postwar plan for Gaza that envisaged resuscitating the strip’s economy with a “Trump Riviera” complete with an “Elon Musk Smart Manufacturing Zone”. It proposed paying half a million Palestinians to leave and attracting private investors to…
Here’s what tends to happen when the Wall of Worry turns into the Slope of Hope. Source link
Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.BP has appointed a former chief financial officer of rival Shell to its board as the energy major seeks to bolster the oil and gas experience among its non-executive directors in response to investor pressure.Simon Henry, who held the role at Shell from 2009 until 2017, will join BP’s board from September, the company said on Monday.Since leaving Shell after a 35-year career, Henry has served as a non-executive director at Lloyds Banking Group, PetroChina and North Sea-focused oil producer…
Stay informed with free updatesSimply sign up to the US-China relations myFT Digest — delivered directly to your inbox.Italian authorities have arrested a Chinese citizen suspected of being linked to a state-sponsored hacking group that sought to steal Covid-19 vaccine secrets from the US at the height of the pandemic in 2020.Xu Zewei was arrested at Milan’s Malpensa airport on July 3 after an international warrant was issued by the US, Italian police confirmed.The 33-year-old Chinese national was suspected of being linked to a Chinese government-backed hacking group known as Hafnium that was accused of penetrating Microsoft email software in…
AI may pose a threat to software companies that charge customers per seat or employee, but IBM offers relative stability in part due to a different business model. Source link
If you’ve been paying attention to housing market news, you’ve probably heard more and more buyers are using all-cash offers in order to win bidding wars. In fact, the National Association of Realtors reported that 32% of home sales in 2024 were cash offers—the highest it’s been since 2014. As mortgage rates remain stubbornly high and competition for homes is fierce, all-cash offers might seem like the only way to get an offer accepted. However, an all-cash offer doesn’t necessarily mean you have all the cash available. Instead, the real secret is delayed financing. Key Takeaways Over 30% of home…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jane Street plans to contest a finding by India’s financial regulator that the Wall Street trading firm engaged in “an intentional, well planned, and sinister scheme” to manipulate the country’s markets. On Friday, the Securities and Exchange Board of India banned the US trading firm from dealing securities in the country, alleging that it had systematically manipulated Indian bank stocks to trigger huge payouts on related derivatives. SEBI also ordered Jane Street to return more than $550mn of “illegal gains”. In a memo sent…