Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Property sector myFT Digest — delivered directly to your inbox.New non-dom rules led to a plunge in the number of deals in London’s prime housing market last month, as interest cooled from wealthy international buyers.There were 35.8 per cent fewer transactions in May for high-end properties compared with a year earlier and 33.5 per cent fewer than the pre-pandemic 2017-2019 average for the period, according to property firm LonRes. The number of under offer high-end properties — including the capital’s most expensive homes in Kensington, Knightsbridge and Belgravia — fell by…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An attempt by the King’s property group to secure floating offshore wind farms off the coast of Cornwall has fallen short, after fewer providers of the nascent technology signed up than hoped. The Crown Estate sought providers for up to 4.5 gigawatts of power from areas of seabed in the Celtic Sea in an auction, but secured only 3GW. A joint venture between EDF Renewables UK and Irish energy company ESB secured 1.5GW of capacity, while Norway’s state-owned energy giant Equinor took another 1.5GW…
Vladimir Putin has said Iran passed up a Russia’s offer to work together on air defence and said anti-air systems were not covered under the strategic partnership Moscow and Tehran signed in January.Putin, Russia’s president, said in a televised interview late on Wednesday that the agreement did not cover defence.“We once proposed to our Iranian friends to work together on anti-air systems, but our partners did not show any great interest,” he said.“As far as individual supplies are concerned, yes, of course, we made those at the time, but this has nothing to do with the crisis today,” Putin added,…
Tuesday’s Stanley Cup win for the Florida Panthers meant a six-figure loss for one young sports bettor — but 24-year-old Drew Hirschman will still walk away with something. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Greek Prime Minister Kyriakos Mitsotakis opened the door to a shift in policy that could see the country develop nuclear energy for the first time as part of its energy transition strategy.Mitsotakis said Greece “should be prepared to join the nuclear alliance”. Although he cautioned that no immediate steps were planned, he emphasised the importance of being “part of the conversation”.“This may come as a shock to some of those listening to us, given that Greece is a country that has no…
If you ever traded baseball cards with a friend when you were a kid, you’re already familiar with the basic principle of a “like-kind exchange”. Perhaps your buddy really loved José Canseco and wanted your Canseco rookie card, yet you had a suspicion that his career might end badly. The two of you agreed to swap Canseco for a few of his up-and-coming prospect cards. You calculated the value of your card, and decided which cards of his you wanted in return, then made a swap. It’s a safe bet that the IRS didn’t get a cut of the action.…
President Trump joked that he should appoint himself Fed chair — but Jerome Powell showed him who is really in charge of interest-rate policy. Source link
Only a small slice of Generation Z is in the habit of paying themselves first. Just 15% of Gen Zers set aside a percentage of every paycheck in savings, and only one in five contribute to a 401(k) or other retirement account, according to a 2024 Bank of America survey. The good news: Even modest, consistent steps made in your early 20s can snowball into real security by your 30s. Here are some tips on how to begin. Key Takeaways In your 20s and need to start saving? Even $25 a week can build a four-figure cushion in a year.…
The manufacturing process known as 3D printing is one of the most promising and rapidly developing technologies with applications across a multitude of industries. 3D printing involves the additive layering of thin sheets of material that are fused together to create a physical product from a digital design. While the industry is currently hampered by relatively slow production times, advocates believe that 3D printing ultimately will have the capability to mass produce everything from medical equipment to automotive parts to airline components. Below, we look at the 5 biggest 3D printing companies by 12-month trailing (TTM) revenue. This list is…
British Petroleum, PLC, also known simply as BP, is one of the world’s largest integrated oil and gas companies. It is involved in almost every step of the oil and natural gas supply chain, from exploration to the sale and marketing of energy products, and its shares often appear in the portfolios of institutional investors. BP also engages in the production of renewable energy through wind farms that it owns. BP’s history dates back to the early 1900s. The company, headquartered in London, was founded by William D’Arcy in 1909, a year after oil was discovered in the Middle East.…