Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lloyds Banking Group is planning to move £6bn of workplace retirement savings from Willis Towers Watson to Scottish Widows, as the bank’s in-house pension provider carries out a major overhaul of its offerings.The bank has written to more than 100,000 of its pension scheme members to tell them about the changes. The consultation closes in August and the switch is expected to complete in the second quarter of next year.The move would more than double the assets in Scottish Widows’ “master trust…
The arrival in Tampa of Gilded age industrialist Henry Plant and Spanish entrepreneurs Vicente Martinez Ybor and Ignacio Haya about 140 years ago changed the fortunes of a city, until then best known as a fishing village and desolate military post.Plant, through a web of railroads and steamships, and Ybor and Haya, through their hand-rolled cigar factories, lured in workers from around the US as well as Cuba, Spain and Italy. In the span of a decade, Tampa’s population increased seven-fold.Located on Florida’s Gulf coast, the city’s population continues to swell, but the industries attracting workers have completely transformed. Only…
Stay informed with free updatesSimply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox.UK officials are lobbying for Rolls-Royce to replace US rival GE Aerospace as the main engine partner on South Korea’s fighter jet programme, as Britain seeks closer ties with the Asian nation’s booming arms sector to help rebuild its own defence industrial base.South Korean defence group Hanwha Aerospace produces current-generation engines on the KF-21 fighter jet under licence from GE. But US export restrictions over national security concerns have frustrated Seoul’s ambitions to sell the jet to potential buyers such as…
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. Donald Trump’s bombing of Iran is an enormous gamble on destroying the Islamic republic’s nuclear weapons programme without provoking a conflict that could rip the Middle East apart and upend global stability. Here’s our story on how — and why — he made his decision.Yesterday’s early morning strikes kick-started a critical week for European foreign policy. Nato leaders…
Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here.Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com A pair of scoops to start: Chancellor Rachel Reeves is exploring reversing a decision to charge UK inheritance tax on the global assets of non-doms, following a spate of departures and lobbying by the City of London.Hedge fund Millennium Management is working with Goldman…
Image: Supplied Long seen as a quiet period, summer in the GCC is emerging as a high-impact window for brand engagement. Snap’s Dina Al Sabbagh explains how shifting behaviours, local leisure trends, and lower ad costs are reshaping the seasonal marketing playbook. Why is summer in the GCC an underrated opportunity for brands to connect and convert? There’s an outdated notion that summer in the GCC is a ‘dead season’. This belief has formed over the years due to extended travels that residents would take to escape the heat. As a response to that, and the absence of big cultural…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK is to invest more than £500mn in emerging technology based on quantum physics that experts say has the potential to transform economic and national security. The government’s support will be welcomed following questions about what would replace an ambitious Conservative pledge in 2023 to invest £2.5bn over 10 years and project Britain as a world leader in quantum technology. The quantum industry’s backers say it will potentially transform areas ranging from the discovery of advanced industrial materials to the imaging of the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is UK prime ministerThe world has entered a new economic era. In many ways it is more dangerous, with growing threats to our security. But it is also a world of enormous possibility. Technological advances in life sciences, clean energy, artificial intelligence and more, are profoundly reshaping our economy.It’s a golden opportunity. We can harness these great forces and use them to make our economy both fairer and stronger. The race is undeniably on, but Britain is well positioned to…
Image: Getty Images/ For illustrative purposes Commercial airlines around the world on Monday were weighing how long to suspend Middle East flights after the US struck Iran. Singapore Airlines, one of the highest-profile in Asia, had called the situation “fluid” on Sunday as it cancelled flights from Singapore to Dubai following a security assessment. The Middle East route has become more important for flights between Europe and Asia since Russian and Ukrainian airspace closed due to the crisis, but flight tracking website FlightRadar24 showed empty space over Iran, Iraq, Syria and Israel. Air France KLM said on Sunday that it…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water’s plans to build a privately financed £2.2bn reservoir in Oxfordshire will be challenged by campaigners in the High Court on Wednesday in a landmark case that could upend the company’s drought management plans.The new reservoir — which would cover an area the size of Gatwick airport — was last week designated as a “nationally significant” infrastructure project, meaning it will be considered by the government, not the local planning authority. Groups including the Campaign to Protect Rural England and anti-reservoir activists…