Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Australia is reviewing whether to expand its groundbreaking social media ban for under-16s to include YouTube, after the country’s internet safety regulator said the Google-owned video sharing website is where children suffer the most online harm. Australia passed legislation late last year aimed at preventing anyone under the age of 16 from registering to join social media platforms including Instagram, X, Facebook and Snapchat. The law puts the onus on technology companies to enforce the age limit or face significant fines. YouTube was exempt from…
Images: Supplied As the UAE accelerates efforts to build smart, sustainable cities, BEEAH has launched its first major real estate development, Khalid Bin Sultan City. In this interview, Khaled Al Huraimel, group CEO and vice chairman, discusses the company’s move into real estate, the foundational values behind the project, and how it aligns with national and regional urban transformation agendas. What prompted BEEAH’s move into real estate development at this point in its growth journey? At BEEAH, we’ve always pursued a clear mission: to shape a sustainable future and enhance quality of life for all people. Our journey began in…
Dior chief executive Delphine Arnault has said she is opening “a new chapter” at LVMH’s second biggest brand, emphasising that “quality is key” as new creative director Jonathan Anderson makes his runway debut amid a luxury downturn.The appointment of the Northern Ireland-born designer last month made him the first designer since the brand’s founder, Christian Dior, to oversee both the men’s and women’s collections. He is assuming creative control of a brand with an estimated €9.5bn in revenues at a time of deteriorating luxury demand, especially in Asia. The choice of Anderson, 40, is the biggest bet by Arnault — eldest…
Stay informed with free updatesSimply sign up to the European banks myFT Digest — delivered directly to your inbox.The European Commission is examining the Italian government’s controversial sale of shares in Monte dei Paschi di Siena last year, following claims that large investors were shut out of the bidding process.UniCredit, Norway’s oil fund and BlackRock were among the investors that were interested in buying shares when the Treasury sold a 15 per cent stake last November but were told that the bidding had been already closed by Banca Akros, the small local bank that was running the process, according to…
Image: PIF Saudi Arabia’s Public Investment Fund (PIF) has established a commercial paper (CP) programme, introducing a new short-term financing tool to complement its existing funding instruments. According to a statement from the sovereign wealth fund, the new program consists of two sub-programmes: a US commercial paper programme and a Euro commercial paper programe, issued through offshore special purpose vehicles. It has secured the highest possible ratings for commercial paper initiatives — P-1 from Moody’s and F1+ from Fitch. The CP programme is designed to enhance PIF’s short-term liquidity and cash management flexibility, supporting its dynamic approach to capital raising.…
US defence companies are wooing European rivals, targeting closer partnerships, as they seek to ensure they are not locked out of the region’s military spending spree.Executives at some of America’s biggest defence groups were at pains to underline their long-standing transatlantic ties at the Paris air show last week, while also promising to help European countries build up their sovereign capabilities.“We are an American company but we are also a global company,” said Bernd Peters, vice-president of business development and strategy at Boeing’s defence arm. The message to Boeing’s partners in Europe “as they think through their own sovereign capability . . .[is that]…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s competition regulator is proposing to loosen Google’s control of its search engine in the first application of Britain’s tough new digital market rules. The Competition and Markets Authority said on Tuesday that Google could be required to implement new “fair ranking” measures in its search results and give publishers more control over how it uses their content, including in output generated by artificial intelligence. The CMA said it was minded to hand Google “strategic market status” — a label introduced under new…
Image credit: Srinophan69/ Getty Images Gold prices fell to a near two-week low on Tuesday as risk appetite improved after US President Donald Trump said Iran and Israel had agreed to a ceasefire, denting demand for safe-haven assets. Spot gold was down 0.5 per cent to $3,351.47 an ounce, as of 0257 GMT, after hitting its lowest level since June 11 earlier in the session. Read-Gold gains as Israel-Iran crisis lifts safe-haven appeal US gold futures slipped 0.9 per cent to $3,365.30. “It seems like there’s a good bit of geopolitical risk that’s exiting the market here near term after,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mother, the London advertising agency founded nearly 30 years ago, is a strange beast. In an industry where founders usually sell successful ventures to holding groups such as Publicis or WPP, it remains independent. A neon sign reading “Not for Sale” hangs in its Shoreditch head office.Mother’s employees now feel even weirder. “We talk about being a safe haven in a zombie apocalypse,” says Katie Mackay-Sinclair, a global partner. The industry is being transformed by technology, with Google and Meta dominating digital…
This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Can the EU really claim to have a single market? Our correspondents question if Brussels has what it takes to fix the bloc’s biggest asset.Germany will today announce it wants to spend 3.5 per cent of GDP on defence by 2029. Here, I explain why today’s Nato leaders’ summit could be derailed by other allies not showing the…