Author: Arabian Media staff
The Fed will be less willing to bet that tariff-fueled price increases will be just “transitory.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US defence tech group Anduril will team up with Germany’s Rheinmetall to develop drones for Europe, as American companies seek to use their technological expertise to secure a share of rising defence spending in the region. The two companies said on Wednesday they will jointly develop European variants of Anduril’s Barracuda and Fury aerial drones, as well as exploring opportunities to build solid rocket motors, used to propel missiles and rockets.“This is a different model of defence collaboration, one built on shared production,…
It turns out that the Trump family’s mobile-phone venture isn’t a security nightmare or a revolutionary service. Here’s what it really is. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Howard Marks, co-founder of $200bn alternatives manager Oaktree Capital Management, has called on China to open up more “asset classes” to foreign investors as he set out an upbeat view of the world’s second-largest economy.“I’m very optimistic about the Chinese economy in the long run,” Marks said on a panel at Shanghai’s flagship annual financial conference, citing the country’s infrastructure and the size of its middle class. He proposed that China “expand the range of investment asset classes that are open to…
The GOP megabill now under Senate consideration threatens healthcare insurance for more than 1 million seniors who rely on Medicare. Source link
All eyes in Builders Vision’s Chicago office, in the fashionable Fulton Market district, are trained on a large screen showing a coiled serpent eating its own tail. On a video link, the day’s keynote speaker is enthusing how, contrary to first impressions, the ouroboros’s self-destruction is actually part of its eternal recreation.From their seats in the 16th-floor office’s lounge area, the audience follows the speaker’s every word, lapping up her invocation to “rewild our imaginations”, nodding at her assertion that “every tradition was once an innovation”.The workshop participants all seem cut from the same cloth: bright-eyed, luxe sneakers and slacks,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.There is a fine view of Ely Cathedral across fields from outside the Cambridgeshire factory of the UK’s leading surgical robotics company. Inside the spotless building, 13,000 parts are assembled into each Versius system used by surgeons for keyhole surgery, with its four robotic arms and 3D-vision console.This is an exciting time in surgical robotics. The technology is widely used in the US and is spreading around the world as surgeons and hospitals see the medical and financial benefits. The National Health…
The writer is a former central banker and a professor at the University of ChicagoPresident Donald Trump recently met Federal Reserve chair Jay Powell, seeking to persuade him to lower interest rates, reminiscent of the political pressures US presidents applied to the Fed in the 1970s.Some investors may worry that US economic institutions are being eroded, which could lead to macroeconomic volatility. Yet those fears will probably be assuaged by the Fed holding steady on rates. There is still reason to worry, however — not about US institutions weakening, but about the changing political environment in which they operate.To understand…
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Welcome back. Climate-related lawsuits against companies have emerged at a growing pace in the past few years — including cases against European banks ING and BNP Paribas. A German court ruling last month suggested the risk of business disruption from these lawsuits might be greater…
Stay informed with free updatesSimply sign up to the UK house prices myFT Digest — delivered directly to your inbox.UK house prices declined at their fastest monthly pace in nearly four years in April, as demand fell after the end of a temporary stamp duty holiday.Property prices fell 2.8 per cent between March and April, the steepest month-on-month decline since July 2021, according to data from the Land Registry published on Wednesday.The fall brought the average house price down to £265,000 and pushed annual growth to 3.5 per cent, from 7 per cent the previous month, the first slowdown since…