Author: Arabian Media staff

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump’s top trade officials are scaling back their ambitions for comprehensive reciprocal deals with foreign countries, seeking narrower agreements to avert the looming reimposition of US tariffs.Four people familiar with the talks said US officials were seeking phased deals with the most engaged countries as they race to find agreements by July 9, when Trump has vowed to reimpose his harshest levies.The narrower, piecemeal plan for new deals marks a retreat from the White House’s vow to strike 90…

This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here.Good morning. The Brics meeting is this week, and both Prime Minister Narendra Modi and finance minister Nirmala Sitharaman are expected to travel to Brazil for it. Neither Russia’s Vladimir Putin nor China’s Xi Jinping are making an appearance. Is the grouping still relevant? Tell me what you think.In today’s newsletter, I’ll talk about how India has been buying more US oil to balance its trade with the US. In New…

Buy Now, Pay Later (BNPL) loans are starting to appear on credit reports, but they do not affect your credit score yet. However, lenders can see your BNPL loans and may use them to assess your repayment capacity.  Key Takeaways BNPL loans will be added to credit reports by Experian as more lenders begin reporting them.These loans don’t currently factor into credit scoring models (like FICO or VantageScore), but that’s changing soon.Lenders may view BNPL activity when assessing your creditworthiness, even if your score isn’t affected. What Is Changing With BNPL and Credit Reports? BNPL services like Affirm, Afterpay, Klarna,…

Stay informed with free updatesSimply sign up to the UK inflation myFT Digest — delivered directly to your inbox.UK food inflation has risen to the highest rate in more than a year as dry weather hits fruit and vegetable harvests and pushes up prices, according to industry data. The annual rate of food inflation was 3.7 per cent in June, up from 2.8 per cent in May and the highest since March 2024, the British Retail Consortium said on Tuesday.Helen Dickinson, chief executive of the BRC, said: “In the UK, fruit and vegetable prices increased due to the hot, dry…

Buying a home is one of the biggest financial decisions you may ever make, and it’s easy to get overwhelmed when considering your options. To help narrow your choices and understand what you can truly afford, pay attention to three key numbers: your monthly income, your expected housing payment, and the difference between those two amounts. Learn how each number works, why it’s important to compare them, and how to use this knowledge to avoid common homebuying mistakes. Key Takeaways Your gross monthly income is the starting point for understanding how much house you can actually afford.Housing costs that exceed…

An option on an S&P 500 futures contract gives a trader the right, but not the obligation, to buy or sell the underlying futures contract at a certain price by an expiration date. Like stock options, these instruments allow investors to tailor their strategy, whether speculating on prices, hedging against potential losses, or capitalizing on volatility. Key Takeaways Options on S&P 500 index futures are popular and widely used by investors, speculators, and hedgers.The underlying asset for S&P 500 futures options are futures that track this benchmark index, which is settled for cash instead of the index’s stocks.The E-mini S&P…

Cristiano Ronaldo’s new contract reportedly includes private jet rides and personal staff. Here are other contract perks among athletes and CEOs. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Steep cuts to the US Agency for International Development threaten to cause more than 14mn extra deaths by 2030 and reverse some gains made against diseases such as HIV/Aids, malaria and respiratory infections, new research has warned.The slashed funding to the agency — which former presidential adviser Elon Musk boasted of feeding “into the wood chipper” — could lead to 4.5mn young children dying who would otherwise have lived, according to the paper published in the Lancet late on Monday.The study highlights…

For-profit colleges are businesses that aim to generate profit for their owners and investors. These colleges offer career training and degrees, but they’ve been subject to criticism and, in some cases, legal action. Although there are plenty of for-profit college attendees who’ve gotten a lot out of their time at one of these schools, there are also a great many former students who wish they’d considered a different kind of school. Key Takeaways For-profit colleges often advertise convenient and flexible degree programs that prepare students for careers. The average price of tuition and fees at a for-profit college in 2024–2025…

If you have several student loans, each with its own interest rate, loan terms, and servicer, you might consider consolidating your federal and private student loans. Consolidating your student loans means you pay off your old loans and replace them with a new loan. As a result, you have one monthly payment, one servicer, and one interest rate. However, there are drawbacks to consolidating federal student loans into a private loan, as you’ll potentially lose access to the benefits and protections of federal loans. Key Takeaways Consolidating your student loans can simplify repayment by replacing multiple monthly payments with a…