Author: Arabian Media staff
Ex-Barclays CEO Staley loses battle to overturn U.K. ban on Epstein ties Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sam Laidlaw, the former chief executive of Centrica, is out of the running to be the next chair of oil major BP. Laidlaw, who stepped down as chief of the British Gas owner in 2014, has told associates he withdrew from the process as he thinks BP will either be sold to a rival or will require painful restructuring. He questioned whether the current management of BP — whose share price has fallen more than 22 per cent in the past 12…
Any investor who thinks the administration’s economic policy is useful or somehow not dangerous is trading in ignorance. Source link
H&M’s second-largest market by revenue is the U.S., trailing Germany. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The number of foreign direct investment projects in the UK has fallen to the lowest level since records began 18 years ago, highlighting the challenge facing the government as it seeks to revive overseas interest in Britain and spur growth.In the financial year ending this March, 1,375 FDI projects landed in the UK, according to data published by the Department for Business and Trade on Thursday.The figure was down 12 per cent from the previous year and the lowest since records began…
American’s retirement trust fund is expected to run dry by 2034 — and a U.S. economic downturn would only make a bad situation worse. Source link
Stay informed with free updatesSimply sign up to the Renewable energy myFT Digest — delivered directly to your inbox.The UK government is set to reject a £24bn project to bring solar and wind power from the Sahara to the UK via the world’s longest subsea cable, concluding that it had too many “holes”.Backers of the Morocco-UK Power Project being developed by Xlinks believed that it could bring enough electricity from Morocco to supply more than 7mn homes — about 8 per cent of Britain’s power needs. But ministers were set to say on Thursday that they would not provide financial…
Strategists at JPMorgan led by Nikolaos Panigirtzoglou say they’ve created a model to forecast the direction over the S&P 500 over a six-month horizon Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.EU lawmakers have reached a long-awaited political agreement to revamp how the bloc manages failing banks, in a move aimed at bolstering financial stability and minimising the impact on taxpayers.The deal, struck late on Tuesday between EU countries and the European parliament, updates the EU’s crisis management and deposit insurance framework, a cornerstone of the bloc’s post-financial crisis banking reforms. The compromise was “a significant step forward in our efforts to strengthen financial stability, protect depositors, and avoid burdening taxpayers’ money when banks…
Oil prices have tallied steep losses so far this week, pulling back sharply from gains seen at the start of the Israel-Iran conflict less than two weeks ago. Source link