Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private equity group Advent International has agreed to buy industrial company Spectris in a £4.4bn deal, marking one of the biggest recent takeovers of a London-listed business.Under the deal announced on Monday, shareholders in the precision measurement instruments maker will receive £37.63 per share in cash, including an interim dividend of 28p, which Spectris said its board was unanimously recommending as “fair and reasonable”.The offer represents a premium of almost 85 per cent to the company’s share price on June 6, before…

The gorgeous Martha’s Vineyard getaway where Barack and Michelle Obama used to spend their summers has found a buyer—just six weeks after it was put on the market for $39 million. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A few months ago we marvelled at how the AI bacchanal had enticed venture capitalists into moving from backing pre-revenue companies to pre-product companies like Ilya Sutskever’s Safe Superintelligence.Oh how sweetly innocent we were back then . . . The new hot thing seems to be pre-plan companies. From MainFT on Friday evening, with Alphaville’s emphasis below:OpenAI’s former chief technology officer Mira Murati has raised $2bn for her new artificial intelligence start-up, in a deal which values the mysterious six-month-old company at $10bn.The deal, which…

After losing her Malibu home to wildfires earlier this year, Hilton has picked up a 6-acre spread with an illustrious Hollywood history. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The organisers of the Hexagon Cup padel tournament are planning to set up a network of amateur leagues around the world, in a bid to tap into the soaring grassroots popularity of the sport and boost the long-term audience for their annual five-day elite event.Padel, which was invented in the 1960s by a Mexican businessman, has long been popular in a handful of countries, especially Spain and Argentina. But since the pandemic, the sport, which mixes elements of tennis and squash and…

Morgan Stanley interpret current geopolitical turbulence as a chance to buy stocks Source link

Our annual look at the world of jewellery includes an interview with Tiffany’s chief executive Anthony Ledru and chief artistic officer Nathalie Verdeille, the story behind Eleuteri, where royals and heads of state source their vintage jewels, and an overview of the newest trends, from the return of boho — and brooches — to nail rings and jewels dedicated to pets Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Vanguard, the world’s second largest asset manager, is cutting fees on nearly half of its bond exchange traded funds in Europe as part of a push into the fixed income market and as competition among the biggest fund providers heats up. The US-based asset manager, which oversees more than $10.5tn globally, is reducing the charges on seven of its total 15 fixed income ETFs in Europe, in an attempt to attract more customers to its bond funds and win a greater market…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.For more than a decade, Frank Everett, Sotheby’s vice-chair of jewellery, has been heralding the return of the brooch. “I kept saying they were back because I had so many to sell,” he says in a video call from his office in New York, a large diamond brooch in the form of a horse and jockey pinned to the lapel of his blue suit. “But now they are definitely back.”I remain sceptical — a brooch is a rare sighting, wherever one might…

“Boho is back,” declared the fashion world last year, after Chemena Kamali’s debut collection for Chloé. Her romantic, 1970s-inspired blouses and dresses came paired with jewellery to match.A year later, the trend is in full swing. Backstage at her spring/summer 2025 show in September, Kamali told me that her inspiration for Chloé was “how summer makes you feel, this moment in the year where we all start disconnecting”, and this season’s jewellery radiated carefree holiday escapism. Shells and faux pearls were clustered at the end of long brass pendant necklaces and little gold shells were suspended from chain belts (£590.…