Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Siemens has received notification from the US government allowing it to resume sales of chip design software to China, the German technology company said, as a trade deal between Washington and Beijing takes effect.The US commerce department recently told Siemens that export restrictions introduced in May were “no longer in place”, the company told the Financial Times, adding that it had “restored full access to software and technology” under the controls and resumed “sales and support to Chinese customers”.The announcement comes a…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldPakistan is pitching itself as a bitcoin mining hub, a source of rare earths and offering its support for a Nobel Peace prize for Donald Trump, as a cash-strapped Islamabad seeks to stave off hefty trade tariffs and deepen ties with the White House. Its finance ministry is battling to secure a trade with deal the US, the country’s largest export partner, and hopes to avert tariffs, which could go as high as 29 per cent on July 9. Islamabad…
Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.Can artificial intelligence stop the planet burning?There is both good and less good news about the answer to this question. But since this column is being written at the end of yet another sweltering UK heatwave, let’s start with the more pleasing thought that AI could soon help to cut a non-trivial chunk of global transport, power and food emissions every year.So says a new paper from a research team led by British economist, Nicholas Stern, that is worth reading on several counts.For…
Stay informed with free updatesSimply sign up to the Private equity myFT Digest — delivered directly to your inbox.The European insurance affiliate of Apollo Global Management is nearing a £6bn takeover of UK retirement savings group Pension Insurance Corporation, a deal that would further push the US alternative assets giant into the UK insurance market.Athora, a European-based subsidiary of Apollo, is close to acquiring full ownership of PIC from a consortium of investors, including CVC Capital and Reinet Investments, a vehicle backed by South African billionaire Johann Rupert, according to three people briefed on the matter. A deal could be…
The maker of monitoring software for businesses will replace Juniper Networks, a fellow information-technology company that was just acquired by HPE. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.OpenAI has agreed to lease 4.5 gigawatts of computing power from Oracle in a deal worth around $30bn a year that is one of the largest cloud agreements to date for artificial intelligence.The deal marks a big expansion of OpenAI’s “Stargate” data centre project, which it launched with SoftBank in January to gain access to vast amounts of computing power to develop its powerful AI models and meet consumer demand for products such as ChatGPT.Oracle will develop multiple data centres across the…
The hip-hop mogul has already seen his net worth plummet from $900 million to $400 million, according to one estimate. Source link
This 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. On today’s agenda: US and Vietnam strike a trade dealThe Dalai Lama defies BeijingIs Trump’s “big, beautiful bill” a political curse?Donald Trump said the US had struck a trade agreement with Vietnam in a deal that would lower Washington’s “reciprocal tariff” on exports from the Asian country to 20 per cent. Here’s what to you need to know.The…
MarketWatch polling suggests interest in Amazon’s super-sized Prime Day is muted. BofA analysts say the longer event suggests Amazon has more capacity to offer discounts, despite tariff fears. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private heathcare providers have warned the NHS against introducing “artificial” minimum waiting times for routine operations. Patients are facing further delays for treatment as a number of local NHS organisations — seeking to reduce their deficits — have started informing hospitals they will only finance procedures after a patient has waited more than three months. Patients have a right to choose a private provider to perform a procedure if the provider has a contract with an NHS hospital. The private sector currently delivers about…