Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jacob Rothman, who has been making kitchenware in China sold by US retailers including Walmart for more than two decades, was “shocked and elated” when Washington and Beijing reached a truce in their tariff war.But the co-founder of Velong Enterprises said the deal, under which the US agreed to slash additional tariffs on Chinese goods from 145 per cent to 30 per cent for 90 days, offered little more than a temporary reprieve. “It’s exactly the percentage that keeps my categories of…

A wave of restructuring at the Social Security Administration is starting to impact retirees, disabled Americans, and low-income seniors. The changes are being driven by the Department of Government Efficiency (DOGE), a White House initiative led unofficially by billionaire Elon Musk with the support of President Donald Trump. DOGE has slashed staff, shuttered offices, and imposed a larger withholding for overpaid benefits—moves that critics say could hit vulnerable Americans the hardest. Key Takeaways Social Security services are slowing down after DOGE-driven cuts, especially for vulnerable groups like disabled Americans and low-income seniors.While long-term benefits are likely secure, navigating the system…

Credit for images: emirates/Instagram Emirates, the world’s largest operator of international First Class travel, continues to refine its industry-leading ‘Fly Better’ experience with a suite of premium enhancements. The airline currently offers 26,800 international First Class seats per week—the largest in the industry—exclusively in private suites. From gloved onboard service and redesigned menus to luxury check-in lounges and unlimited caviar, Emirates is doubling down on high-end service as demand for premium travel remains robust. Curated comfort and personalisation in the sky New onboard enhancements include a keepsake menu, elegantly designed to showcase Emirates’ world-class selection of drinks and culinary inspirations.…

A Mastercard research on cybersecurity risks facing SMEs said 46 per cent surveyed globally have experienced at least one cyberattack since their inception, with that number increasing to 47 per cent for the UAE. The study was conducted across five countries and included more than 5,000 small and medium business owners. In the UAE, over 1,000 businesses were part of the sample. The survey found that SMEs are feeling the pressure in an era of constantly evolving cyber threats that have the potential to cause significant organisational damage and emotional strain. These businesses realise the urgent need to stay ahead…

Nvidia’s partnership with Saudi Arabia’s Humain could help offset some of its revenue losses in China, analysts said. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.CoreWeave reported a 420 per cent rise in revenue in its first quarter as a listed company as the artificial intelligence data centre operator beat Wall Street forecasts.The US group, which leases computing capacity to tech groups building AI models, posted revenues of $982mn for the first three months of 2025, above analyst estimates of $860mn. Its shares initially rose as much as 8 per cent in after-hours trading, having closed the day at $67.46, up 6.6 per cent.CoreWeave’s net losses for…

Trying to work out which slides you must have in your pitch deck for 2025? Perhaps you’re at the start of your business journey, and you want to bring your product to market. Or maybe you’ve started to make some sales, and you want to scale your brand up and take it to the next level. Here, I will talk you through the 10 slides you need to include in your pitch deck, as well as the key points you need to include in each slide. Short on time? Here are the key takeaways Title slide: Include your company name,…

This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereGood morning and welcome back to FirstFT Asia. In today’s newsletter:Wall Street’s sudden recoveryUS warns companies globally not to use Huawei AI chipsFT investigates Elon Musk’s Doge The furious rally in US assets sparked by the tariff détente between Washington and Beijing has caught big investors off-guard, colliding with widespread bets against the dollar and Wall Street stocks. Wall Street rebound: The S&P 500 has rallied 4…

Investment funds cast nearly 9 million proxy votes annually on behalf of American investors, effectively serving as corporate America’s hidden hand. Once a tedious formality at annual meetings, corporate governance has become contentious. Fund managers traditionally vote on many issues on behalf of investors, but that’s changing. The Rise of the Big 3’s Proxy Voting Power Passive index mutual and exchange-traded funds (ETFs) now hold over half of U.S. fund assets and about one-third of all U.S. equities. The “Big Three” asset managers—BlackRock Inc. (BLK), Vanguard, and State Street Corp. (STT)—control the most shares in nearly 90% of S&P 500…

UAE-based energy company XRG has entered into a strategic partnership with Malaysia’s PETRONAS and Turkmenistan’s Hazarnebit through a newly signed Production Sharing Contract with State Concern Turkmennebit, expanding its natural gas portfolio in Central Asia. The agreement grants XRG a 38 per cent participating interest in the offshore “Block I” gas and condensate fields located in Turkmenistan’s Caspian Sea region.PETRONAS will serve as operator and majority stakeholder with 57 per cent, while the remaining 5 per cent will be held by Hazarnebit. As part of the deal, XRG and PETRONAS also signed a long-term gas sales agreement (GSA) with State…