Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the House & Home myFT Digest — delivered directly to your inbox.Did people not take their shoes off as much in the 1980s? Because when I was a child, there wasn’t a snowdrift of abandoned shoes at the front door, like there is in my house now. I’m sure we just walked around indoors, wearing shoes, and took them off to go to bed. But times have changed. It seems we’re all removing our shoes as soon as we step into our own — and each other’s — homes. Going for dinner…
Seven years after BlackRock’s last big foray into private credit, last week Larry Fink finally turned the world’s largest asset manager into a player. With the completion of the $12bn takeover of HPS Investment Partners on Tuesday, the $11.6tn investment group has closed a trio of takeovers that shift it from a position of dominance in public markets to one where it straddles both public and private assets. BlackRock folded in infrastructure investment firm Global Infrastructure Partners last October and private market data provider Preqin in March. The deals are crucial to BlackRock’s success in the private investment space, widely…
Stay informed with free updatesSimply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox.LG Energy Solution’s profits more than doubled unexpectedly in the second quarter, as the world’s third-largest electric vehicle battery producer benefited from Joe Biden’s tax credits that are set to be scaled back under his successor Donald Trump.The South Korean supplier to General Motors and Tesla on Monday estimated its operating profit for April to June to be Won492bn ($360mn), up 152 per cent from year earlier. It was much higher than the Won294bn profit forecast by analysts in an LSEG estimate.…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Revolut has yet to receive the green light from UK financial regulators to provide consumer credit services to its 11mn customers in Britain, marking the latest hurdle for the $45bn fintech to become a full-service UK bank. The group is still awaiting authorisation from the Bank of England’s Prudential Regulation Authority and the Financial Conduct Authority after applying for a consumer credit licence last year, which would enable it to offer credit cards and other services in the UK, according to people…
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. President Donald Trump’s Big Beautiful Bill became his large lovely law on Friday. The law creates dubious debt dynamics: it is expected to add between $3tn and $4tn to federal deficits over the next decade (Dun dun dun!). The market moved moderately in response: the 10-year Treasury yield rose 10 basis points just after the bill passed. Email us: unhedged@ft.com. The economyWay back on Thursday,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The number of companies applying for a listing in Hong Kong this year has hit an all-time high, as the territory tries to regain its status as a top financial hub and attract Chinese companies looking to expand abroad. A total of 208 companies applied for primary or secondary listings on the Hong Kong Exchange in the first six months of this year, beating the previous record of 189 companies in the same period in 2021, according to data from the exchange. Last…
Image: Supplied Commodities have long served as a barometer of global economic health. Today, they are sending a mixed and somewhat cautious message. Some prices have rebounded, while others remain subdued. The question is whether this signals resilience or reflects deeper uncertainty in the global economy. The backdrop is important. Recent efforts to cool trade tensions between the US and other economies have brought some optimism to financial markets. But that optimism is tempered by the reality that tariffs remain higher than before. The US’ more aggressive stance on trade policy is prompting concern about its potential impact on global…
Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here.Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com One scoop to start: UK chancellor Rachel Reeves is expected to announce plans to cut the annual tax-free cash Isa allowance in her Mansion House speech later this month, in an effort to shift some of the £300bn cash pile into British companies.In today’s…
This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. News to start: The EU is refusing to sign a joint declaration on climate proposed by China at a planned summit this month, unless Beijing pledges greater efforts to cut its emissions. Today, my colleagues report on the internal EU divisions over how to respond to Donald Trump’s trade demands as his deadline for a deal looms, and…
Image: Supplied The Gulf’s personal luxury market is thriving, bucking global trends with $12.8bn in sales and a 6 per cent year-on-year growth in 2024, according to Chalhoub Group’s landmark GCC Personal Luxury 2024: Unstoppable report. In this interview, Jasmina Banda, chief strategy officer and president of Joint Ventures at Chalhoub Group, unpacks the key findings — from the booming beauty segment and rising digital luxury adoption to the growing influence of tourism and the emergence of next-gen luxury brands in the region. Tell us about the key findings of the report; what intelligence did your team harness to develop…