Author: Arabian Media staff
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Welcome back. The acronym ESG has become a red rag for many on the US right. It’s strikingly unloved even by many who have made sustainability issues their life’s work. Is it time for a rethink? A new paper makes a strong case for an…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The rise in average prices charged by UK businesses was the slowest in more than four years in June, as companies continued to shed jobs and economic activity remained subdued, according to a closely watched survey.The S&P Global flash UK PMI index of monthly growth of price charged by businesses fell to 53.2 in June, from 55.4 in the previous month, the lowest since January 2021. The latest reading was well below a peak of nearly 70 registered in 2022 and was…
Tel Aviv stock market at record highs suggests investors are looking through the current crisis Source link
Here are four key things investors should know to start the trading day. Source link
When Carolina Bucci launched her Forte collection of make-your‑own beaded necklaces in 2018, the fourth-generation Florentine jeweller underestimated the impact it would have on sales. Starting at £1,100, a box of 80 rainbow-coloured beads in turquoise, rock crystal, amethyst and other semi-precious stones – each one carefully cut to slide over 18ct-gold-tipped Lurex cords – can be customised with white, yellow, black and rose gold and pavé studded pendants to form a necklace (bracelet boxes are £540). “During the pandemic we were shipping 50 to 60 FedEx packages of Forte Beads every day,” she says. “They went from near zero…
“Neither my mom nor I know anything about their finances.” Source link
Over the past decade, Hermès, the French house known as the maker of luxury goods including the coveted Birkin bag, has quietly become a serious force in watchmaking. Once focused on selling quartz watches in high volumes, the brand now crafts intricate mechanical timepieces that command six-figure price tags.At the heart of this success is Philippe Delhotal, the creative director of the brand’s in-house watch division Hermès Horloger since 2008. Under his tenure, the watch division has grown its revenue from €163mn in 2015 to €577mn last year. Hermès now ranks number 13 in the Morgan Stanley list of the…
Image credit: Dubai Media Office/Website Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended a ceremony marking the 25th anniversary of The Executive Office of Sheikh Mohammed. Sheikh Mohammed praised the work of The Executive Office in setting a benchmark for leadership and innovation over the past quarter century. He highlighted its pivotal role in realizing his vision of Dubai as a global pioneer committed to excellence and future readiness. Read-Significant reforms: Changes announced in the UAE government “For 25 years, The Executive Office has fostered teamwork and effectively implemented…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Growing up in a working-class area of Brooklyn, Erick Mathelier discovered tennis as a 10-year-old in the late 1980s, boarded his first plane aged 14 for a tournament in Bermuda and earned his first degree on a sports scholarship.“Tennis helped transform my whole trajectory,” says the 46-year-old Haitian-American. “It definitely changed my life.”Now Mathelier and former fashion executive Michelle Spiro are building a tennis racket and clothing company they hope will ride a wave of growth in the sport, particularly among ethnic…
Image: Tesla/ X Tesla tiptoed into its long-awaited robotaxi service in Austin, Texas on Sunday with about 10 of its Model Y SUVs that will operate within strict limits. The rides were being offered on Sunday for a flat fee of $4.20, CEO Elon Musk said in an X post, and social media influencers were seen booking and taking rides in the robotaxis in several Austin locations, according to videos reposted by Musk. Musk has said the company is being “super paranoid” about safety and that humans will remotely monitor the fleet, which also have safety monitors in front passenger…