Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.Three decades ago I became fascinated by the concept of “social silence” — or the idea advanced by intellectuals such as Pierre Bourdieu that what we do not talk about is more important than what we do. Right now this silence hangs heavily over the markets. This week there has been a cacophony of terrifying noise around geopolitical events — epitomised by President Donald Trump’s warning that America “may or may not” join Israel’s attacks on Iran. And gloomy economic data keeps on…
Based on past conflicts that have rattled oil prices, oil is likely trading in the upper range of where it should be as the Israel-Iran crisis simmers, say analysts at Citigroup. Source link
One scoop to start: Latham & Watkins is set to poach a star dealmaker from Wachtell Lipton as the Los Angeles-founded law firm, one of the world’s largest by revenue, seeks to build a corporate practice that can compete with its New York-based rivals.A new Musk venture: X chief executive Linda Yaccarino has said that users will “soon” be able to make investments or trades on the social media platform, as she outlined a push into financial services in owner Elon Musk’s quest to build an “everything app”. And another thing: Risk advisory groups have seen a “sharp increase” in inquiries…
It’s time for another FTAV Q&A, as we continue to try to have interesting chats with hopefully interesting people doing hopefully interesting things in and around finance, economics and business.As Robin mentioned last week, we’re on the lookout for future victims interlocutors, so do let us know in the comments if there’s someone you’d like us to speak to!This week, we caught up with Freya Beamish, chief economist at TS Lombard and a veteran of the “FTAV has a conversation” genre. Here’s a transcript of our chat, which has been edited for clarity and length. FTAV. Hi Freya. Let’s start…
Stay informed with free updatesSimply sign up to the Life & Arts myFT Digest — delivered directly to your inbox.This is simple. Go first class or business, and get someone else to pay for you. Take this advice and you will find flying is considerably less of a chore. Business class is more than adequate, but it would be rude to decline first class if the offer is there.If you don’t have this option, or air miles squirrelled from your firm, then work towards getting it. Alternatively, earn so much that you can afford to pay for it yourself. Unfortunately,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s grocery watchdog has launched an investigation into whether Amazon has been delaying payments to food suppliers after preliminary “evidence” was brought to its attention. The Groceries Code Adjudicator, which helps ensure the UK’s largest grocers treat suppliers fairly, said in a statement on Friday “it has reasonable grounds to suspect” Amazon had delayed payments to suppliers between March 2022 and June 2025. Amazon sells groceries in the UK through its own website and a small chain of Amazon Fresh convenience…
Citi thinks the impact of the Israeli-Iranian conflict is short-term and the S&P 500 will ride it out, as it has previous conflicts. Source link
Stay informed with free updatesSimply sign up to the Mining myFT Digest — delivered directly to your inbox.Niger has said it will nationalise a large uranium project it jointly owns with French nuclear fuel producer Orano, in a significant escalation of the tensions between the west African country’s military government and the state-owned company. The nationalisation plan was announced on the state broadcaster late on Thursday, after ministers adopted a draft resolution transferring complete ownership of the Somair project to the government in Niamey. Orano owns just over 63 per cent of Somair and Niger’s state-run Sopamin holds the rest.The…
Public Investment Fund (PIF) on June 19 announced the launch of Expo 2030 Riyadh Company (ERC), a wholly owned subsidiary, to build and operate the facilities for Expo 2030 Riyadh – Saudi Arabia’s first World Expo. ERC will also be responsible for preserving the legacy of the event. Read-New PIF company: Saudi Crown Prince launches HUMAIN The masterplan for Expo 2030 Riyadh spans 6 million square meters, making it one of the largest World Expo sites. Located to the north of the city, the site will be near the future King Salman International Airport and directly connected to key landmarks…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Inditex’s chief executive has declared that the conditions for the Zara owner to return to Russia are “certainly not” in place, more than two years after it sold its local business following the invasion of Ukraine.Asked what the right circumstances would be for the group to re-enter the market, Óscar García Maceiras told the Financial Times: “An environment that is not the current one, of course.”García Maceiras’s comments are the latest indication that multinationals are not rushing to return to the Russian…