Author: Arabian Media staff

Image: Getty Images/ For illustrative purposes Abu Dhabi and Dubai have been ranked as the world’s top two emerging data center markets, according to Cushman & Wakefield’s 2025 Global Data Center Market Comparison report, reflecting the UAE’s growing role in global digital infrastructure investment. Among 97 markets surveyed, Abu Dhabi and Dubai placed first and second respectively, assessed across 20 key variables including power availability, fiber connectivity, development pipeline, and land pricing. “There’s a clear link between long-term infrastructure planning and current market performance,” said Edward Macura, country head at Cushman & Wakefield Core. “Abu Dhabi and Dubai have created…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in UK bakery chain Greggs fell sharply on Wednesday after it warned profits this year may be lower than in 2024 driven by a heatwave that increased demand for cold drinks but reduced overall footfall. The maker of pasties and sausage rolls reported a 2.6 per cent increase in like-for-like sales in the first half of the year, compared with a 2.9 per cent rise in the first 20 weeks and noted it had been affected by “very high temperatures”. Its…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Top venture capital firms are borrowing a strategy from the private equity playbook, pumping money into tech start-ups so they can “roll up” rivals to build a sector-dominating conglomerate.Among those deploying the approach is Thrive Capital, a backer of OpenAI and Stripe, which is involved in a new $72mn funding round for wealth management start-up Savvy Wealth. The investment values the New York-based group at $225mn, according to people with knowledge of the matter. The funding will go towards buying up smaller…

As the UK’s largest wealth manager St James’s Place makes the final preparations for its new customer charges, the business looks to draw a line under its past troubles.Sweeping new fees next month seek to rebuild the group’s reputation, which has been savaged by complaints about poor service and opaque charges.Mark FitzPatrick, who was parachuted in as chief executive at the end of 2023 to turn the group round, told the FT that the clearer charges should help customers “compare and contrast” their products with competitors. The new model includes separating charges from a “bundled” cost so that customers can…

The fact GrabAGun can go public is a compliment to the US free market. The question is whether new investors will make any money Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.KKR has pipped rival private equity firm Advent International to a takeover of UK industrial company Spectris with a £4.7bn offer that is one of the biggest recent deals for a London-listed business.Spectris agreed last month to a £4.4bn acquisition by Advent. KKR’s latest offer is a 96 per cent premium to Spectris’s share price before takeover interest in the company became public.Private equity firms have been targeting UK-listed companies, attracted by cheap valuations. FTSE 250-listed Spectris makes high-tech instruments including for…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares of New World Development, the heavily indebted Hong Kong property group, jumped as investors welcomed the end of its refinancing talks with banks and the resignation of the founder’s grandson from his remaining board roles.Shares rose as much as 11 per cent on Wednesday to above HK$6 after the company announced on Monday evening it had secured support from banks to refinance loans of HK$88bn (US$11bn) following marathon negotiations. Hong Kong’s markets were closed on Tuesday for a public holiday.The refinancing…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a professor of economics at SOAS University of LondonEurope, the joke runs in Brussels, is permanently at a crossroads. But this time, it seems existential as the region faces the challenge of fickle allies and stronger economic competitors in a world of rapid technological change. The European Commission’s way out? A triple transformative imperative: close the innovation gap, make a joint effort to decarbonise while boosting competitiveness, and reduce excessive security dependencies.Yet transformation has a price tag. The report…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The fire that led to the closure of Heathrow airport for 24 hours in March was caused by a “catastrophic failure” of equipment at an electrical substation, according to an official review of the incident. The blaze at the North Hyde substation in Hayes, west London, started when moisture got into the “bushing” — material through which current flows in and out of the transformer — causing an electrical fault, the government-owned National Energy System Operator (NESO) said on Wednesday. The blaze destroyed…

Britons are growing less fond of their troubled healthcare system. Will Labour’s 10-year plan change their minds? Source link