Author: Arabian Media staff
Two bitcoin wallets moved 20,000 in the cryptocurrency to new unknown wallets after laying dormant for 14 years. Source link
Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.The oil company Prax Group that collapsed into insolvency last weekend owes the UK government as much as £250mn in unpaid taxes, according to two people with knowledge of the situation.The people did not identify which Prax company owes the money or whether it relates to one or several entities, however the outstanding debt to HM Revenue & Customs had been part of recent discussions between Prax and the UK government, they said.A third person confirmed that unpaid tax obligations…
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Welcome back.Delegates at this week’s UN Financing for Development conference in Seville, as I discussed in the last newsletter, have been focused on how to “do more with less” following cuts to foreign aid budgets. That might sound like a desperate attempt to put on…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe writer is an FT contributing editor and writes the Chartbook newsletterSometimes coincidence illuminates history.Last week, the news that self-declared democratic socialist Zohran Mamdani had won the Democratic mayoral primary in New York City, the capital of global finance, broke just as Chinese Communist party premier Li Qiang was in the midst of his address at the World Economic Forum’s Summer Davos meeting in Tianjin, China. Delegates shared their disbelief, not at what they were hearing from the podium, but…
Image: Getty Images In July 2025, the US Congress enacted the sweeping One Big Beautiful Bill (OBBB): a landmark legislative overhaul combining permanent extensions of Trump-era tax cuts for individuals and businesses with major spending cuts to welfare programmes and a hefty increase in defense and border security outlays. The bill narrowly cleared its final hurdle in the House of Representatives, positioning it to become law following his signature on July 4. According to the Congressional Budget Office, the legislation is projected to add approximately $3.3–$3.4 trillion to federal deficits over the next decade and leave 11–12 million Americans without Medicaid…
Mark Whelan, Head of EMEA Growth Markets at Okta. As organisations accelerate their digital transformation journeys, identity has become the new security perimeter, and the most critical layer of defence against modern cyber threats. Yet, with a growing number of SaaS applications, fragmented security frameworks, and evolving compliance mandates, securing identity is more complex than ever. Okta, a global leader in identity and access management, is working to change that. From championing a new Identity Security Standard to rolling out AI-driven threat protection and embracing a passwordless future, the company is aiming to redefine how enterprises approach identity. Mark Whelan,…
Image credit: Defective Products Recall Center/Saudi Ministry of Commerce Saudi Arabia’s Ministry of Commerce has announced the recall of more than 88,000 Anker power banks due to a serious safety concern. The affected power banks, spanning five different models, may suffer from an internal electrical short circuit that could cause overheating and increase the risk of fire, a Saudi Press Agency report said. Read-Big changes ahead: Airlines tighten rules for power banks, phones A total of 88,518 units are impacted by the recall, covering the following Anker power bank models: A1257 (Anker Power Bank 10K, 22.5W) A1681 (Anker Zolo Power…
Financial penalty and trading ban come at a difficult time in relations between U.S. and India Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Singapore has hit banks and wealth managers including UBS, Citi and Julius Baer with its second-largest collective penalty ever in relation to a money-laundering case that hit the city-state’s clean reputation and cast a pall over its wealth management sector.Nine financial institutions received a collective penalty of S$27.45mn (US$21.5mn), the largest figure since penalties in the 1MDB case, over what Singapore’s regulator called “poor and inconsistent implementation” of controls in a US$2bn money-laundering scandal.The case, which was linked to online gambling in…
Image: Dubai Media Office/ For illustrative purposes Dubai’s real estate sector recorded its strongest quarter on record in Q2 2025, with 53,252 property sales transactions totaling Dhs184.3bn, according to data released by real estate portal, Property Finder. The figures mark a 22 per cent year-on-year increase in transaction volume and a 49 per cent surge in value, reflecting Dubai’s status as one of the world’s most resilient and attractive property markets. The historic performance builds on a robust Q1 and reflects sustained confidence from both investors and end-users amid global economic uncertainty. Ready real estate market drives growth Dubai’s ready…