Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It has all the makings of a toxic controversy. Growing evidence suggests that the molecules known as forever chemicals — used in everyday items like cosmetics, non-stick pans and water-repellent clothing — can build up in the environment and in the body, to the detriment of both.Last year, the world’s pre-eminent chemistry organisation announced a panel would look again at how the chemicals — more properly known as per- and polyfluoroalkyl substances, or PFAS — are defined. That has stoked unhappiness among…
Stay informed with free updatesSimply sign up to the UK inflation myFT Digest — delivered directly to your inbox.UK inflation fell to 3.4 per cent in May, in line with expectations, as the Bank of England seeks evidence that recent price rises are under control.Wednesday’s reading from the Office for National Statistics matched forecasts in a Reuters poll of analysts and marked a decline from April’s 3.5 per cent figure.The numbers came a day before a BoE policy meeting at which the central bank is expected to keep its key rate unchanged.The Monetary Policy Committee last month lowered borrowing costs…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThis article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Tensions continue to rise in the Middle East. Yesterday, President Donald Trump called for Iran’s “unconditional surrender” (what does that mean in this context?) and US military assets moved closer to the region. The Brent crude price rose 5 per cent. Email us: unhedged@ft.com. RestaurantsThe…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The world cannot meet climate targets and ensure reliable power supplies without the rapid deployment of nuclear energy, according to the president of Holtec International, a US company developing small modular reactors (SMRs) and reopening a large-scale nuclear plant in Michigan. Kelly Trice says nuclear energy will be “indispensable” if countries are to meet the Paris Accord — the international treaty on climate change — because it provides the type of round-the-clock power needed to stabilise national grids at a time when…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Boston Consulting Group pitched the UN agency for Palestinian refugees on working for its humanitarian effort in Gaza, months before helping launch a widely condemned rival aid scheme that sidelined the UN. BCG approached UNRWA shortly after Israel’s military campaign began in late 2023, with a wide-ranging offer of pro bono work that never came to fruition, according to people familiar with the matter and correspondence seen by the Financial Times. The firm’s work related to Gaza has stirred controversy since it was revealed…
Image: Dubai Airports/ For illustrative purposes Travelling to or through the UAE anytime soon? Despite recent regional tensions and resulting airspace closures in some neighbouring countries, authorities in the Emirates are going above and beyond to keep travellers’ travels safe and smooth. The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has confirmed it is in full control of the situation. From the moment disruptions unfolded, the authority activated a comprehensive emergency business continuity plan — designed specifically to ensure round-the-clock operations at all UAE airports. That means minimal delays and no compromise on service quality. Travellers will…
France and Italy are wooing potential buyers of their new joint air defence system at this week’s Paris Air Show, in an effort to convince European armies to reduce their reliance on US weaponry.European missile champion MBDA, French defence group Thales and Italy’s Leonardo are casting their new generation SAMP-T surface-to-air weapon system as a viable alternative to the best-selling US Patriot. With first deliveries expected next year, the commercial performance of the SAMP-T NG will be a litmus test of Europe’s resolve in manufacturing and buying more of its own weapons as it re-arms to face the Russian threat. But the…
Call by Amazon, Google and Microsoft lobbyists for a ‘moratorium’ has split industry and the Republican party Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Saudi Arabia and the United Arab Emirates are taking advantage of falling prices to load up on Chinese-made battery energy storage systems, so they can boost their renewable energy ambitions.Battery storage systems are seen as crucial to integrating solar and wind energy into electrical grids. The systems soak up excess power that can be released back into the system when renewable energy is not available — for example at night — and are one of the fastest-growing uses for batteries.Oil-rich Saudi Arabia…
The world’s largest oil companies have endured a lost decade in the stock market, struggling to convince investors they can grow in a world where demand for their main product is expected to peak in the coming years.The S&P Global Oil index, which tracks 120 leading international oil producers, is no higher now than it was in 2015. With the exception of a sharp dip during the Covid pandemic, it has flatlined while investors have flooded into Big Tech. Oil majors are no strangers to boom-and-bust cycles. But now the challenge may be structural. The rapid adoption of electric vehicles, especially…