Author: Arabian Media staff
A behind-the-scenes look at the work of Rutherford Hall, critical communications strategist Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Wolfspeed, a North Carolina manufacturer of semiconductors for electric vehicles, said it had struck a deal with creditors to reduce its near $6.5bn debt by more than two-thirds as a part of a bankruptcy package. The transaction will nearly wipe out shareholders of the company, which had a market capitalisation last year of $4bn.Wolfspeed last year had an agreement with the Biden administration to receive $750mn of funding through the Chips Act programme, the federal government’s multibillion-dollar fund to subsidise domestic semiconductor…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Keir Starmer will invest £2bn over four years to cut energy prices by up to a quarter for thousands of businesses, as part of his long-awaited industrial strategy.A new “British Industrial Competitiveness Scheme” would reduce electricity costs for more than 7,000 energy-intensive businesses in sectors including automotive, aerospace and chemicals, the government said.Details of the businesses eligible for the scheme — which will exempt companies from paying various green levies and will come into force in 2027 — will be determined…
The Strait of Hormuz isn’t the only concern when it comes to flows of crude and other energy products out of the Middle East. Source link
Will the U.S. intervention continue? Will Trump’s domestic political coalition hold? What impact might a surge in oil prices have on inflation in the U.S.? Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tesla’s robotaxi service, touted by Elon Musk as the future of his flagging electric-car maker, is expected to launch in the company’s home city of Austin on Sunday with only about 10 cars and a human safety driver on board amid regulatory scrutiny on the safety of its self-driving technology.Shares in Tesla have risen about 50 per cent from this year’s low in early April, with investors hopeful that the autonomous ride-hailing service will help revive a company that has suffered declining…
This article is an on-site version of our The Week Ahead newsletter. Subscribers can sign up here to get the newsletter delivered every Sunday. Explore all of our newsletters hereHello and welcome to the working week.It’s summertime here at FT towers, but for all of us over the next seven days it’s summit time. The gathering of Nato member states in The Hague on Tuesday is by far the most important of these given European defence concerns and the open animosity towards the 76-year-old military alliance by US President Donald Trump. Spain also threatens to spoil the party. Optimists hope…
Tariffs and the Middle East conflict are casting clouds over the U.S. stock market’s June gains. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Oil prices are expected to rise when trading resumes on Sunday after the US bombed Iran’s nuclear facilities, increasing the likelihood that Tehran will respond by attacking energy infrastructure in the region or shipping in the Strait of Hormuz.How far oil rallies this week will depend on exactly how the Islamic republic chooses to retaliate but in all scenarios crude prices are expected to open higher, analysts said. “A clear red line has been crossed,” said Jorge León, head of geopolitical analysis…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Novo Nordisk is searching for the “maximum potential weight loss” that can be achieved from its potential drug CagriSema, as it tries to convince disappointed investors that the medicine has a bright future. The Danish group lost some €90bn in market capitalisation in December after preliminary trial results showed CagriSema had missed its target of 25 per cent average weight loss, with only 40 per cent of participants hitting that goal. Instead, patients achieved an average weight loss of 22.7 per cent, making…