Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.More than three years since Apple’s film CODA won the best picture Oscar, the tech company has hit another Hollywood milestone: its first summer blockbuster.F1, starring Brad Pitt and Damson Idris, has taken in more than $200mn at the global box office since it opened on June 27 and is expected to pass $300mn this weekend. “This is a movie that will run and run and run,” said Jeff Goldstein, distribution chief at Warner Bros, Apple’s partner on the film. “There’s a lot of…
The partnership seeks to build a new world order along the route of the old Silk Roads. But, asks Peter Frankopan, is this bond really as close as it seems? Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.There are few industries with a more “old world” feel than European insurers. The average age among the continent’s 10 largest listed players is almost 170. Yet quietly, these old-timers have been racking up the sort of market gains that would make many tech start-ups jealous.The Stoxx 600 insurance sub-index, which tracks 30 large European insurance groups, climbed 15 per cent in the first half of 2025 for its best half-year since 2019. And the performance is no flash in the pan:…
Stay informed with free updatesSimply sign up to the Capital markets myFT Digest — delivered directly to your inbox.Everyone knows bureaucracies don’t shrink themselves. Why on earth would they? Rather, their sole aim is to grow bigger, concluded economist William Niskanen in his budget-maximising theory of 1968.No one in Britain should have expected a smaller state under Labour. In the US, Donald Trump’s “big, beautiful bill” is forecast to raise federal debt by a fifth relative to output by 2035. Even the pfennig pinching Germans wish to be more Latin America circa the 1980s these days.Politicians are much to blame for…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brussels has said it will build up emergency stockpiles of critical minerals and cable repair kits, as concerns grow over the EU’s vulnerability to attack.“The EU faces an increasingly complex and deteriorating risk landscape marked by rising geopolitical tensions, including conflict, the mounting impacts of climate change, environmental degradation, and hybrid and cyber threats,’’ the European Commission said in a draft document setting out a stockpiling strategy, seen by the Financial Times. Member states should co-ordinate backup supplies of food, medicines and…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Europe’s top football governing body has fined Chelsea Football Club €31mn for breaching financial regulations, as part of a crackdown on some of the continent’s top teams.Uefa punished Chelsea for breaching its football earnings rule on permissible losses and a related constraint on how much clubs can spend on player wages and transfers as a percentage of their revenue.Chelsea could be hit with a further €60mn in fines if it does not rectify its shortcomings over the coming years.Fines have also been…
When the UK became the first country to reach a trade agreement with the US in May, after President Donald Trump’s announcement of sweeping “reciprocal” tariffs, it was hailed as a blueprint for other key US trading partners.But almost two months passed before a second country — Vietnam — was able to strike a deal. Meanwhile, details of the UK accord are still unclear, unconfirmed or subject to potential revision.Britain is fighting to secure a carve-out from higher steel tariffs, for example, but Trump’s executive order explicitly reserves the right to reimpose 50 per cent duties if “he determines” the…
Boston Consulting Group modelled the costs of “relocating” Palestinians from Gaza and entered into a multimillion-dollar contract to help launch a new aid scheme for the shattered enclave, a Financial Times investigation has found. The consulting firm helped establish the Israel- and US-backed Gaza Humanitarian Foundation and supported a related security company but then disavowed the project, which has been marred by the deaths of hundreds of Palestinians, and fired two partners last month. BCG’s role was more extensive than it has publicly described, according to people familiar with the project, stretching over seven months, covering more than $4mn of…
Trillions of pounds worth of assets are managed by London’s listed investment houses. Their purpose is to deliver financial security for clients by growing and preserving the value of their capital. Larger managers, such as Legal & General, Aberdeen, M&G and Schroders, offer access to a wide range of asset classes and geographies, can handle the largest mandates and tend to focus on mainstream markets. Smaller players offer distinctive investment approaches and niche and specialist options for diversification, often catering to wealthy individuals with an appetite for impact investing or risk, or who carry tax burdens that are suitable for…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe US has threatened to hit EU agricultural exports with 17 per cent tariffs in a dramatic escalation of its trade conflict with Brussels, said three people briefed on the discussions.The eleventh-hour demand came ahead of a July 9 deadline to agree a trade deal, after which the US has said it will impose 20 per cent tariffs on all EU goods if no agreement is reached.President Donald Trump wants Brussels to give US companies wide-ranging exemptions from regulations and…