Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Billionaire philanthropist Bill Gates has warned that his foundation will not plug gaps left by rich nations’ cuts to global vaccination funding, on the eve of a crucial pledging event. The Gavi international vaccine alliance aims to raise $9bn — including to inoculate half a billion more children over five years — but faces a sharp drop in finance from its two biggest donors, the US and UK. The Gates Foundation will announce ahead of the Gavi fundraising in Brussels on Wednesday that it…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldChinese companies have built or operate 31 active ports in Latin America and the Caribbean, many more than previously thought, according to research by a Washington-based think-tank.The US has grown increasingly concerned about the implications for its national security of Beijing’s leverage over critical infrastructure in Latin America as Chinese groups have bought up power companies, mines, telecoms networks and ports over the past two decades.Research by the Center for Strategic and International Studies, shared with the Financial Times in…
Image: Supplied Majid Al Futtaim, the UAE-based retail, shopping mall and leisure conglomerate operating across the Middle East, Africa, and Asia, has announced the appointment of Fadel Abdulbaqi Al Ali as chairman of its holding board, succeeding Sir Michael Rake. The company confirmed the leadership transition on Tuesday, noting that Sir Michael Rake’s tenure, which began in 2009, concludes after nearly two decades of association with the group. “I am honoured by my appointment to Majid Al Futtaim’s Board of Directors and welcome the privilege and responsibility of guiding one of the UAE’s most beloved institutions as it embarks on…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump’s commitment to Nato should not worry allies as long as they drastically increase their defence spending, according to the alliance’s secretary-general at the outset of a summit designed to placate the US president.While many European allies, including Germany, France and the UK have committed to meet Trump’s new target of 5 per cent of GDP on defence over the next decade, Spain has secured an opt-out increasing the likelihood of a clash at the Nato leaders’ meeting in…
Image credit: Getty Images Saudi Arabia has issued new regulations banning grocery stores, locally known as baqalas, from selling tobacco, dates, meat, fruit, and vegetables. The directive, announced by Minister of Municipalities and Housing Majed Al Hogail, takes effect immediately, with existing stores allowed a correction period of up to six months, according to a Saudi Gazette report. Read-New food rules in Saudi: What you need to know about them Under the new rules, kiosks and grocery stores or mini markets are prohibited from selling tobacco products—including regular and electronic cigarettes and shisha—as well as fresh dates, meat, fruit, and…
The lavish dwelling is just a 5-minute drive from their former home, which they sold for a loss. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China has appointed a former anti-corruption official, known as the “tiger-fighting lady general”, to lead the Asian Infrastructure Investment Bank, Beijing’s answer to the World Bank.Zou Jiayi, a former vice-finance minister and senior official in the Chinese Communist party’s anti-corruption body, was elected president of the AIIB on Tuesday at a meeting of its board of governors.She was the sole nominee for the role, and will replace the AIIB’s founding president Jin Liqun, who will step down in January after a decade…
Crosby’s former California mansion has sold to a buyer who is planning a worthy encore for the iconic property that will honor the singer’s incredible legacy. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Revolut chief executive Nik Storonsky started his career as an equity derivatives trader, a business that was built on the idea of making bets with limited downside and potentially massive pay-offs. Investors offering him a multibillion-dollar bonus if he can turn his UK challenger bank into a giant are making a similar calculation.Storonsky is in line to receive shares worth up to 10 per cent of the company if he hits targets including bringing Revolut to a valuation of about $150bn, the…
Anthropic, Google and OpenAI deploy ‘chains of thought’ to better understand the operations of AI systems Source link