Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.European regulators are poised to launch an antitrust investigation into Mars’s $35.9bn acquisition of Pringles and Pop-Tarts maker Kellanova, according to people briefed on the decision. The privately held conglomerate’s agreement to buy its US rival was one of last year’s biggest M&A deals.Mars, known for sugary snacks such as M&M’s, Snickers and Skittles, had not offered remedies to address European Commission concerns about high market shares identified in a preliminary review of the acquisition, the people said. Poul Weihrauch, chief executive of Mars,…
Deposing Iran’s Supreme Leader Ayatollah Ali Khamenei and his regime may cause a sustained spike in oil prices Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Betting against Australia’s Big Four banks has long been a source of painful losses in Asian investing circles. Now Commonwealth Bank of Australia, the largest of those outperformers, is rubbing salt in the wound. A seemingly inexplicable rally has pushed it to an eye-popping four times book value — almost twice as much as JPMorgan or its local rivals. ’Strewth, indeed. CBA’s 19 per cent gains this year have opened up a significant lead over its three local peers which, along with…
Image: Supplied Dubai’s real estate market has maintained solid momentum into 2025, buoyed by steady population growth, economic diversification and robust investor demand. In Q1 alone, over 42,000 transactions worth around Dhs114bn were recorded — up roughly 23 percent year-on-year — while average residential prices rose about 5-6 per cent annually and villa prices nearly 8 per cent. Despite increasing new stock deliveries, rental rates have remained firm and foreign investment strong, reinforced by Dubai’s no-income-tax policy and Golden Visa incentives cbre.ae. This stable backdrop sets the stage for the six key investment areas highlighted by real estate consultancy Whitewill for 2025. Based…
The surge in energy demand across the vast Asia-Pacific region, both in the advanced and developing economies it covers, was relentless over the past year and made it more difficult to demonstrate climate leadership.The availability of renewable energy sources expanded rapidly, helped by the supply of solar and wind energy equipment from China, but this was not fast enough to meet the voracious needs of some of the most populous countries, including South Korea, India and Indonesia.Driven by rapidly growing electricity demand, Asia’s share of global power sector emissions continued to increase, the global energy think-tank Ember found in its…
Image: Getty Images Google contributed Dhs21.8bn to the UAE economy in 2024, according to a new report by UK-based research consultancy, Public First. The findings reflect the growing role of Google’s products — powered by artificial intelligence — in supporting digital transformation, business growth, and individual productivity across the country. The Google Economic Impact Report, launched today, outlines the contribution of tools such as Google Search, Ads, Play, Maps, YouTube, and the Gemini AI assistant to people, businesses, and communities in the UAE. According to the report, Google’s Search and Ads products alone were responsible for Dhs20.2bn in economic activity…
Many investors are getting exposure to bitcoin whether they want to or not. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Google’s hopes of overturning a record EU competition fine was dealt a severe blow on Thursday, following a ruling that supports findings by Brussels regulators that the tech giant had used its Android mobile phone operating system to squash rivals.Juliane Kokott, advocate-general of the European Court of Justice, the EU’s highest court, said that a €4.12bn fine issued against the US company should be upheld. While not legally binding, the majority of such opinions are followed by the EU’s highest court. The win…
Stay informed with free updatesSimply sign up to the EU trade myFT Digest — delivered directly to your inbox.The EU is pushing for a UK-style trade deal with the US that would leave some tariffs in place after next month’s deadline, further delaying retaliation against Washington.Michael Clauss, adviser to German Chancellor Friedrich Merz, told an FT Live event in Berlin on Thursday that instead of a full deal by July 9, he expected “a declaration saying: ‘OK, this is a little bit along the model of the US-UK [agreement]’.”“First, they want to see if there is a landing zone on…
Image credit: Getty Images WhatsApp has announced a suite of new features for its Updates tab, introducing monetisation options for Channel creators and new advertising tools aimed at businesses, while maintaining its focus on user privacy. Read-New WhatsApp features updates: What’s changing in your app The Updates tab—home to both Status and Channels—has seen rapid adoption, with more than 1.5 billion users visiting it daily, according to the company. Meta-owned WhatsApp says the new features are designed to help users discover new content and enable organisations to grow their presence on the platform, a WhatsApp blog reported. “We’re encouraged by…