Author: Arabian Media staff
Wall Street bank now thinks Powell and colleagues will reduce borrowing costs in September Source link
This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersWelcome to Energy Source, coming to you today from a sweltering London, where a giant heatwave has descended on the city.It’s been a hot news cycle as well, as the energy industry digests the news that Shell will not be bidding for BP — at least not before Christmas. Meanwhile, a fragile truce remains in place in the Middle East, where hostilities between Israel and…
A portfolio manager pointed out a “unique” market development that could already be helping to tighten global crude inventories, even as major oil producers look to boost output for a fifth straight month. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has suggested the US government should examine any subsidies handed out to Elon Musk’s business empire, claiming that “big money” could be saved.In a post on his Truth Social platform early on Tuesday, Trump said: “Elon may get more subsidy than any human being in history, by far, and, without subsidies, Elon would probably have to close up shop and head back to South Africa.”The exchange deepens a rift between the two men over the US president’s signature…
Mark Newton, head of technical strategy at Fundstrat, says Apple shares could be ready to finally shine and drive a bigger tech rally. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Trump loves low interest rates. And he really really really wants a low rates guy at the Federal Reserve. As Claire Jones reported in MainFT over the weekend.Donald Trump has said he will only pick a new Federal Reserve chair who will cut US interest rates, as he called on the central bank to slash borrowing costs to 1 per cent.Haven’t we seen this film before?© BloombergNo, not that film.Sure, there may be lessons from President Erdoğan’s decadal dalliance with trying to…
The New York Mets owed the third baseman a $5.9 million payment in 2000. He negotiated $30 million in annual payments, spread over 25 years, instead. Source link
Image: Getty Images/ For illustrative purposes Whether you’re heading abroad for work, leisure, or study, your visa is the first ticket to your journey. To ensure your travel plans stay stress-free, VFS Global shares five simple yet essential tips to help you navigate the visa application process with confidence, ease, and safety. From planning early to using convenient at-home services, here’s how to make your visa experience smooth from start to finish. Plan ahead The early bird gets the worm. Plan ahead and apply well in advance to avoid any inconveniences. Most countries accept business visa applications up to 90…
The Ministry of Hajj and Umrah in Saudi Arabia has announced that over 190,000 Umrah visas have been issued to international pilgrims since the official start of the Umrah season for the Hijri year 1447 AH (June 26, 2025 to June 15, 2026). The Umrah season formally began on Tuesday, 14 Dhu Al-Hijjah 1446 AH (June 10, 2025), with visa applications opened through the country’s integrated digital platform, “Nusuk”. The move aligns with Saudi Arabia’s broader goals under Vision 2030, aimed at enhancing religious tourism and modernising services provided to pilgrims. Read-Umrah travel expansion: 2.5m airline seats targeted for pilgrims…
Stay informed with free updatesSimply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox.Hyundai is seeking to ride on the growth of Chinese electric vehicles in Europe to grab market share from western and Japanese rivals as the South Korean group bets on consumers switching brands in the EV era.In an interview with the Financial Times, Xavier Martinet, the new head of Hyundai’s European business, said the South Korean group was open to building a third plant on the continent as it aimed to replicate the expansion it achieved in the US. “There’s no reason that…