Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Innovation leads, and regulation follows. Even so, the UK competition watchdog’s efforts to rein in Google are out by a country mile. While there are potential dangers to the search giant’s dominance, including large language models such as Open AI, slowcoach rulemaking is not one of them. The Competition and Markets Authority, which listed a series of possible measures against Google on Tuesday, is in familiar territory. The EU, Japan and Australia have all imposed various limitations; in the US the Department of…
Builder KB Home cut its outlook for sales, profitability and home prices, as affordability and worries about the economy are keeping demand weak. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldPresident Donald Trump said China could purchase oil from Iran, in an apparent reversal of policy after his administration spent months imposing sanctions on Chinese refineries for buying Iranian crude.“China can now continue to purchase Oil from Iran,” Trump wrote on Truth Social as he flew to The Hague for the Nato summit.“Hopefully, they will be purchasing plenty from the US, also. It was my Great Honor to make this happen!” Trump added.The comments came the morning after he had…
These funds steer clear of typical value metrics that are based on price ratios. Source link
Other than Social Security, what’s the best source of monthly income in retirement? Here’s what annuities can do. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.France’s consumer affairs and fraud investigators have ordered Tesla to stop “deceptive” claims over the level of autonomy of its cars or face thousands of euros in fines, in the latest blow to Elon Musk’s car company in Europe.Investigators at France’s competition, consumer affairs and anti-fraud directorate general (DGCCRF) said that an enquiry carried out in 2023 and 2024 had found a string of breaches and offences that were unfair to consumers and against the law. The probe by the government body…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU must make a “credible threat” of retaliation in Donald Trump’s trade war if it wants to get a good deal, a senior official has warned ahead of a looming talks deadline.Bjoern Seibert, the European Commission president’s chief of staff, told the bloc’s ambassadors after the G7 summit in Canada last week that the prospect of a strong response would help convince the US president to reduce stiff tariffs on the EU, according to two EU officials. German Chancellor Friedrich Merz…
Swearing is becoming commonplace in the U.S., but etiquette experts warn of the risks: ‘It could cost you your job.’ Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Clean energy is in trouble. Faced with huge capital needs, elevated interest rates and eroding political support, green enterprises are finding that public equity markets are not as hospitable as they used to be. Salvation comes from an unusual place: sharp-elbowed private equity groups.Among these unlikely do-gooders are Apollo, KKR, Blackstone and Brookfield. All have become lenders in order to lean into the broadening market for private credit. Apollo, for example, says it will invest $100bn in clean energy and climate investments…
Carnival’s stock was surging to lead the S&P 500’s gainers, as strong last-minute bookings helped fuel an earnings beat and raised the cruise line’s outlook. Source link