Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.For Elon Musk, tech’s great showman, this weekend’s long-awaited launch of a Tesla robotaxi service will be notably short of razzle-dazzle.The autonomous ride-hailing service is scheduled to hit the roads in Austin, Texas, with only about 10 cars. And far from the broadly capable self-driving vehicles that Musk has long promised, the taxis will be geo-fenced to avoid the city’s most challenging intersections and come with backup teleoperators poised to intervene if problems occur.At more than $1tn, Tesla’s stock market value leans…
But one immigration expert says he doesn’t expect any longer-term administration shift on raids — and thinks maybe the pause had no real effect. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Senior ministers are in urgent negotiations about boosting support for energy intensive British businesses and putting energy costs on a par with France and Germany.Lowering “eye-watering” UK energy costs will be the centrepiece of the government’s industrial strategy, expected early next week. In an effort to close the energy cost gap with key EU rivals, business secretary Jonathan Reynolds wants to go further than existing support for the steel and chemicals industries and launch a scheme that helps a much wider range…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is chief executive of the Office of Health Economics, a research organisationThe much-anticipated NHS 10-year plan is expected within weeks. Prevention will be at its core — but it’s almost certain we will get the funding part wrong. That’s not this Labour government’s fault. Nor can you blame its Conservative predecessors. This goes beyond political scapegoats: the real diagnosis is short-sightedness, both in ourselves and in public policy. There is a fundamental economic principle that explains why we act against…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Will Eric Trump’s real estate plans save Vietnam’s export-driven economy? With President Donald Trump threatening to impose 46 per cent tariffs on its goods from July 9, the country — which sends nearly 30 per cent of its exports to the US — could use some goodwill from America’s first family. Hanoi has rushed to clear the way for a $1.5bn Trump Organization golf resort. Eric Trump and Vietnam’s prime minister broke ground on the project in late May, just seven months…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Here’s a conundrum. More people are accessing fertility treatments, as the trend towards starting a family later gathers pace. Yet listed companies in the sector have tended to perform poorly. Shares in Australia’s Monash IVF, for instance, are down more than 60 per cent since its listing a decade ago. Shares in Sweden’s Vitrolife have shed a fifth of their value in the past year; Hong Kong-listed Jinxin Fertility shares are worth a third of the initial public offering price six years…
Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.Ministers will consider the economic benefits of North Sea oil and gas projects along with carbon “removal” activities when deciding whether to grant consents, under guidance designed to avoid courts overturning approvals.The fresh guidance issued on Thursday comes after a landmark court judgment last year that faulted UK authorities for failing to weigh the climate effects of burning fossil fuels when issuing development consents in the North Sea.The energy secretary would assess such effects, known as downstream emissions, by considering the government’s…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A former Janus Henderson analyst who used working from home as a cover for insider trading, making profits of nearly £1mn, has been found guilty in one of the most high-profile UK insider dealing cases in recent years.Redinel Korfuzi, 38, was convicted of insider trading and money laundering alongside his sister, Oerta Korfuzi, 36, by a jury at London’s Southwark Crown Court on Thursday after a four-month trial. Personal trainer Rogerio de Aquino and his girlfriend Dema Almeziad were acquitted of the…
Stay informed with free updatesSimply sign up to the UK companies myFT Digest — delivered directly to your inbox.On Wednesday, we began a post with a proposal for a cash shell that grows indefinitely by issuing new shares every day at ever-higher prices. We thought at the time this was broad satire, but it’s seems what we chanced upon was financial innovation. The company to make our fantasy into reality is Aquis Growth Market — and US over-the-counter traded — The Smarter Web Company. It’s a website designer that has no employees, per its admission document, and lists its address…
Stay informed with free updatesSimply sign up to the Property sector myFT Digest — delivered directly to your inbox.The world’s financial stability watchdog has called for regulators to tackle “vulnerabilities” in the $12tn commercial property market stemming from high levels of debt, liquidity mismatches and a lack of data on banks’ exposure to the sector.The Financial Stability Board said the commercial property market was more volatile than other assets and could be hit by further declines in demand for offices and retail space, as well as by extreme weather and energy efficiency regulations.The warning by the FSB on Thursday comes…