Author: Arabian Media staff
The White House’s claim that the GOP tax bill would save $1.6 trillion is only a partial accounting of the bill’s spending cuts — and ignores something else. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.World Health Organization countries have finally approved a treaty to combat future pandemics, boosting international disease control efforts that are under growing pressure from funding cuts and political rows. Member states of the 194-nation global health body conditionally agreed on Tuesday to ensure countries that shared virus samples would receive disease tests, medicines and vaccines, after many poorer nations suffered shortages during the Covid-19 crisis.The measures to tackle the resource inequities that blighted the global response to Covid-19 come after rich nations have…
The next Alphabet, Apple and Amazon are being built on the back of AI right now. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Deloitte has told its UK employees that it will promote fewer people, reduce the average salary rise, and cut bonuses for the consulting arm as the Big Four firm’s profits disappointed. Employees in Deloitte’s consulting arm will not receive full bonuses, which will be reduced on average by 20 per cent, and partners’ pay levels will also be affected, according to an email sent to employees on Tuesday by the firm’s senior UK partner Richard Houston.The firm’s overall profits for the financial year…
Shares in Tesla Inc. recently traded nearly 2% higher, even as the S&P 500 index dipped, as Chief Executive Elon Musk said he planned to cut back on his political spending and declared that the car company’s sales are improving. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK has imposed sanctions on an English accountant for his alleged involvement in the procurement of ships for Russia’s shadow fleet in a rare move against a British national.John Michael Ormerod was added to UK sanctions lists on Tuesday alongside two Russian ship captains, 18 shadow fleet vessels and 46 financial institutions that the British government said had helped Russian efforts to evade western restrictions.The UK added that it was working with other western governments to lower a $60 per barrel…
The 2025 Atlantic hurricane season begins June 1, and forecasters expect it to be unusually active. Colorado State University meteorologists forecast 17 named storms, including nine full-blown hurricanes, by the end of November. Now is a good time to get financially prepared. Put together this financial survival kit to help protect your money if a storm hits. Key Takeaways Get through a hurricane financially with the right insurance, a home inventory, and a list of places to get help.Homeowners insurance typically covers hurricane-related wind damage but excludes flooding. Review and update your policies to ensure you have enough coverage. Pre-secure and…
Microsoft announced new tools for companies to develop their own AI services that have analysts confident in the tech giant’s AI momentum and strategy. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A former JPMorgan Chase commodities trader was unfairly dismissed by the bank despite an employment judge finding that his “suspicious and unusual” trading of cocoa futures was likely attempted market manipulation. Phil Remillard, a former London-based agricultural trader at the Wall Street bank, was deemed to be unfairly dismissed because he was not provided with documents he was entitled to see during the bank’s disciplinary investigation of him, the judge said. “The dismissal was also unfair because of the unreasonable delay in…
Underwear company adopts so-called poison pill after Australian activist shareholder Blundy switches stock-holding classification to active from passive. Source link