Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The German financial watchdog that was criticised for badly mishandling one of Europe’s biggest accounting frauds said it has become much more active and “willing to step on toes” in the five years since Wirecard collapsed. “We didn’t meet all the expectations placed on a supervisor,” said Mark Branson, the head of BaFin who joined from Swiss regulator Finma in 2021, a year after the payments group collapsed in June 2020. But, he added in an interview with the Financial Times, the…
The push to decarbonise European steelmaking suffered a fresh blow last week as ArcelorMittal turned down more than €1bn in public subsidies to convert its German plants to run on greener hydrogen.The company blamed the prohibitively high cost of energy, just as Swedish steel producer SSAB also admitted to delays at its flagship low-emission steel mill inside the Arctic Circle, citing issues with reliability of the power grid.Energy costs are among the myriad challenges faced by manufacturers that have looked to “green steel” as a way of cutting their emissions, with others ranging from the billions in upfront capital required…
Hello, this is Kenji in Tokyo.Since Donald Trump began his second term as US president in January, most of us living in this part of the world have probably got into the habit of checking first thing in the morning what he said, wrote or did while Asia was sleeping. This may have already led some of us to develop a sort of immunity to being shocked by his words and actions.But the surprise attack against three nuclear sites in Iran by the US on Sunday morning surely came as a rude awakening for a lot of people, as it clearly…
Stay informed with free updatesSimply sign up to the Oil myFT Digest — delivered directly to your inbox.Investors have been nervous about oil prices since Israel launched a surprise attack on Iran 12 days ago, a move that raised fears of potential disruption to crude supplies and a resulting surge in prices. How have the oil price undulations of the past two weeks compared with what happened during and after previous geopolitical crises affecting the region? The lesson from history is that oil prices are rarely entirely predicable — see how well you can draw in the missing data in…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shell said that it has “no intention” of making an offer for rival BP following months of speculation about a possible landmark tie-up between the UK’s two largest oil companies.In a statement on Thursday, Shell said it did not intend to make an offer but reserved the right to do so in the event that BP received a bid from another party.Shell on Wednesday had denied it was in talks to acquire BP after a report by the Wall Street Journal that…
The UAE has received strong sovereign credit ratings from Fitch Ratings, S&P Global, and Moody’s Investors Service, reflecting international confidence in its economic strength and fiscal policies, according to the state news agency WAM. S&P Global assigned the UAE a sovereign rating of “AA” with a stable outlook on June 17. Moody’s, in its annual review for 2025, affirmed the rating at “Aa2” with a stable outlook. Fitch also affirmed the UAE’s rating at “AA-” with a stable outlook on June 24. This consensus from all three major global credit rating agencies underscores the UAE’s robust fiscal standing, positioning it…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldUS companies are maintaining climate commitments while trimming their messaging about it, as they walk a tightrope between competing pressures on the environment, research shows. An exclusive analysis shared with the Financial Times from Farient Advisors, which reviewed sustainability disclosures, Securities and Exchange Commission filings and company announcements, found 71 per cent of the 50 largest US companies by market capitalisation have remained committed to their climate goals. Twenty per cent have delayed or decreased their commitments, while 8 per…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.CATL, the world’s largest maker of electric vehicle batteries, plans to bring its battery-swapping and recycling technology to Europe, amid a global battle to secure more sustainable EV supply chains. In an interview with the Financial Times, Jiang Li, the Chinese group’s board secretary, said battery swapping — in which EV drivers exchange depleted cells for fully charged ones — had “huge potential” in Europe to make batteries cheaper and longer-lasting. Battery swapping, technology pioneered by Chinese electric-car maker Nio, takes minutes…
Chief Steve Huffman warns of ‘arms race’ to protect its devoted online communities from AI-generated content Source link
Image: RTA/ Dubai Media Office Dubai’s Roads and Transport Authority (RTA) has announced adjusted service hours for its various services during the upcoming Hijri New Year holiday (1447H). The revised schedule covers Customer Happiness Centres, paid parking zones, public buses, Dubai Metro and Tram, marine transport services, and vehicle technical testing centres. All RTA Customer Happiness Centres will be closed on the day of the Hijri New Year holiday. However, the Smart Customer Happiness Centres located at Umm Ramool, Deira, Al Barsha, and the head office will maintain their usual 24/7 operational status. Free parking on Friday, June 27 All…