Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Airlines myFT Digest — delivered directly to your inbox.British Airways and Singapore Airlines have cancelled flights to Dubai after the US struck three nuclear sites in Iran, adding to widespread recent disruption to air travel as carriers avoid conflict zones in the Middle East.More than 150 carriers including Air France-KLM, American Airlines and Japan Airlines had already diverted or suspended flights after airspace over Israel, Iraq and Jordan was closed due to the war between Israel and Iran. Donald Trump’s decision to strike Iran on Saturday — which comes just over a…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Federal Reserve’s favoured inflation metric is expected to show a slight tick uptick in price pressures in May, with an acceleration in both core and headline measures, as the effects of Donald Trump’s tariffs begin to appear in US prices. On Friday, the Bureau of Economic Analysis will release the personal consumption expenditures index data for May, which economists surveyed by Bloomberg forecast will show a headline figure of 2.3 per cent year over year, up from 2.1 per cent the month…
This article is an on-site version of Free Lunch newsletter. Premium subscribers can sign up here to get the newsletter delivered every Thursday and Sunday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersWelcome back. Businesses and investors are sensitive to developments in Donald Trump’s tariff agenda. After all, as import duties directly affect profit margins and supply chains, their economic impact feels tangible and imminent.But there is another component of the US president’s policy plans that could be just as significant — if not more so — for the world’s largest economy: his immigration crackdown. A…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Spac market was shrivelling when the industry’s annual conference rolled around in mid-2022, with a hastily arranged guest appearance by porn star Stormy Daniels failing to brighten the gloomy mood. This year’s event at a golf club in an upscale suburb of New York was markedly more upbeat, attended by some of Wall Street’s most illustrious money managers, delegates from several of America’s largest law firms and dozens of banks, consultants and private investors.Special purpose acquisition companies are enjoying another moment in…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.FedEx founder Fred Smith, one of the most influential figures in the development of modern logistics, died on Saturday, the company has announced.Smith, who was 80, stepped down as chief executive of the company only in 2022 and was still executive chair of the company he founded in 1973 with a fleet of 14 Dassault Falcon 20 jets.The idea for the service — widely replicated by other operators worldwide since — had started as a paper in Smith’s economics degree at Yale,…
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Saudi Arabia’s capital has officially been confirmed as the host of Expo 2030 Riyadh, following the final approval of its registration dossier by the Bureau International des Expositions (BIE) during the organisation’s General Assembly in Paris. The approval marks the last formal step in the selection process, solidifying Riyadh’s status as the next World Expo host. As part of the proceedings, the World Expo flag was ceremonially handed over to the kingdom’s delegation by the BIE. The Saudi delegation was led by Engineer Ibrahim Al-Sultan, Minister of State and Acting CEO of the Royal Commission for Riyadh City (RCRC), alongside…
Image courtesy: WAM The UAE has evacuated a number of its nationals and residents from Iran, according to the UAE’s state news agency, WAM, as regional tensions continue to rise. The evacuations were carried out in coordination with Iranian authorities, reflecting what WAM described as the UAE’s “unwavering commitment to the safety of its nationals and residents” and its ability to respond swiftly to emergencies. The UAE has successfully executed evacuation operations, which were coordinated and facilitated by the Iranian side, to ensure their safe return home, the report stated. The announcement comes amid heightened instability in the region following…
Image: Getty Images/ For illustrative purposes Airlines continued to avoid large parts of the Middle East on Sunday after US strikes on Iranian nuclear sites, according to flight tracking website FlightRadar24, with traffic already skirting airspace in the region due to recent missile exchanges. “Following US attacks on Iranian nuclear facilities, commercial traffic in the region is operating as it has since new airspace restrictions were put into place last week,” FlightRadar24 said on social media platform X. Airlines choose other routes Its website showed airlines were not flying in the airspace over Iran, Iraq, Syria and Israel. They have…
After the US put a known vaccine sceptic in charge of the country’s health in February, some in the industry initially saw what they took to be reassuring signs.Regulators approved two new vaccines for Covid-19, while the congressional committee that approved Robert F Kennedy’s appointment was placated by his insistence that he wanted good science to prevail. The picture however has worsened since then. Last week, Kennedy fired the country’s entire 17-member immunisation advisory committee, replacing them with his own appointees, including other vaccine sceptics. They have their first quarterly meeting next week.Angela Rasmussen, a virologist at the University of…