Author: Arabian Media staff
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 back to Energy Source, coming to you from a sweltering New York.It turns out war in the Middle East isn’t enough to save the oil industry from the threat of $50 barrels.When Iran started firing at a US air base in Qatar on Monday, traders glued to their phones led a sell-off in a market that usually surges during geopolitical strife. My colleagues Malcolm…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jes Staley has failed in his high-profile bid to overturn a decision by the Financial Conduct Authority that he “recklessly” misled the regulator about his ties to convicted sex offender Jeffrey Epstein, in a major setback to the former chief executive of Barclays.In a judgment handed down on Thursday by the Upper Tribunal, judge Timothy Herrington said Staley did not fully disclose to Barclays the nature of his relationship with the dead financier.“We have noted Mr Staley’s achievements as chief executive of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Taiwan has developed suicide drones equivalent to those at the heart of Ukraine’s defence against Russia, the clearest sign yet of progress in the country’s efforts to build up rapidly its autonomous weapons capabilities to resist a potential attack from China.The Taiwanese military’s weapons research arm and Thunder Tiger, one of the country’s leading drone makers, have completed live-fire testing and certification of an attack drone. It was powered by the same systems, from US-German software company Auterion, as those in drones…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.As the Genius Act moves inexorably towards legislation, US banks are likely to come under more pressure to do business with stablecoin issuers and cryptoasset firms. But this might cause them new regulatory troubles. The Federal Reserve, like most global supervisors, has always included in its risk ratings a measure of “reputational risk” — the risk that doing some kinds of business might attract unfavourable publicity and lead to either business franchise damage or in the worst case, a bank run.How are…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of Free Lunch newsletter. Premium subscribers can sign up here to get the newsletter delivered every Thursday and Sunday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGranted, since Donald Trump dropped his bombs on Iran’s nuclear facilities last weekend, it’s the military and not the economic policy choices of the US president that are most immediately reshaping the world. But those economic policy choices have not gone away. So, today, I report…
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