Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox.Hong Kong and Dubai are expected to be the main beneficiaries of a crackdown in Singapore on crypto exchanges, with unlicensed players being forced to close or move their operations by the end of the month.The Monetary Authority of Singapore caught the crypto industry off guard in May, when it announced exchanges serving only overseas customers would have to close by June 30, unless they received a licence that is hard to attain.Market observers saw the short timeframe for registering as the financial…
The A7A5 token aims to facilitate financial flows disrupted after Ukraine war Source link
Stay informed with free updatesSimply sign up to the Financial services myFT Digest — delivered directly to your inbox.The UK’s largest wealth managers are preparing to sell private markets products to their retail customers, as investment groups battle to maintain their relevance with savers and the importance of public markets dwindles. Wealth managers such as RBC Wealth Management, Evelyn Partners and Quilter Cheviot told the Financial Times they would soon be able to offer greater access to private markets — ranging from private equity to private credit and infrastructure investments — to high net-worth clients with about £500,000 to more…
Stay informed with free updatesSimply sign up to the Sustainability myFT Digest — delivered directly to your inbox.Christopher Marquis is Sinyi professor of Chinese management at Cambridge Judge Business School.When Dr Bronner’s recently announced it would not renew its B Corp certification, it sent ripples through the responsible business community. The decision from the family-owned US soap and personal care products company, which is known for its organic ingredients and social mission, raised an uncomfortable question: Are sustainability certifications evolving to meet today’s growing challenges or, as they are more widely adopted, are they becoming tools for greenwashing?Since its launch…
I am preparing my will, following my retirement. I recently decided to invest a portion of my wealth in cryptocurrency and I plan to invest more in the coming months. I am thinking about any potential pitfalls I might need to navigate with crypto versus more traditional assets like real estate or cash. What are the tax considerations? What about the security of my wallets, for example handing down the different passwords in a secure manner? I would also like to make sure that investing in a number of different coins and passing them all on separately is the most…
US banking mergers will accelerate over the next year, executives predict, driven by a more favourable approach from regulators, intensifying competition and the need to spend more on technology.Anticipation about a surge in deals between American banks has been growing since Donald Trump won last year’s presidential election promising to cut regulation and unburden business.But the volatility stirred up by Trump’s trade war threats has kept a lid on acquisitions, with only 78 so far this year — on track for one of the lowest annual totals in decades.Banking executives, lawyers and analysts are hopeful the environment will soon turn…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Part of the US commercial insurance market is on the verge of “breakdown”, executives have warned, as insurers withdraw US casualty coverage because of a rise in payouts that industry groups blame on “legal system abuse”.The cost of US casualty insurance, which businesses buy to protect themselves against legal claims from employees, customers or others harmed by their operations or products, has climbed for 23 quarters in a row, according to the world’s largest insurance broker Marsh. Prices for the insurance segment…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.European governments should channel public money into clean tech by buying equity in companies rather than giving direct subsidies, the EU’s competition chief has said. Teresa Ribera told the Financial Times that while EU state aid rules restricted public subsidies to companies, there were still other ways to help Europe’s emerging green tech compete with China and the US.Ribera and her powerful competition directorate have pushed back against an effort led by Stéphane Séjourné, the French commissioner for industry, to allow governments…
Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest — delivered directly to your inbox.China’s premier Li Qiang has said the country would “open its doors still wider to the world” as he warned of the risk of “fragmentation” of global supply chains amid trade tensions.Li, Beijing’s second-highest ranking official, said China would make its technological advances available to other countries as he outlined a transition from a manufacturing power to a “mega-consumer market”. “Economic globalisation will not be reversed; it will only carve out a new path,” Li told the World Economic Forum’s annual summer…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Expecto pecuniam! Said Harry Potter never. The boy wizard and star of book, screen, stage and game did not want for money though, unlike the UK’s creative industries. The government aims to spend £380mn to generate £14bn of investment, it revealed in this week’s “modern industrial strategy” proposal. At least it is targeting a sector where magic wands exist and dreams come true. The term creative industries spans segments ranging from advertising and architecture through to books, films and virtual reality. That it…