Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.At the American Chamber of Commerce’s 110th anniversary ball in Shanghai this month, there were few initial signs that the US-China trade war was weighing on proceedings. But that abruptly changed when US consul general Scott Walker took to the stage.Following a speech from retired NBA star Yao Ming, Walker reeled off a litany of complaints over China’s business environment. These included intellectual property theft, subsidies, China’s nearly $1tn trade surplus with the rest of the world, “arbitrary legal enforcement” and blocked…

The new rewards card is raising its annual fee to almost $800, but cardholders must spend $75,000 to unlock its best perks. How to tell if the card works for you. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The head of the US Food and Drug Administration has sought to reassure biotechnology companies that drug approvals will not be delayed following the Trump administration’s drastic workforce cuts, despite industry concerns that medicine approvals could be stuck in gridlock. “We are hiring scientists at the FDA,” said Marty Makary, the agency’s commissioner, speaking at a biotech conference in Boston on Tuesday. “I have reinstated people at the FDA.”Makary, who was confirmed in late March, said “it was a challenge” for him…

Andy Jassy expects Amazon’s workforce to get smaller over the next few years as AI efficiencies kick in, but says that employees who embrace the technology will be in a good spot. Source link

Investors are awaiting the outcome of the Federal Reserve’s policy meeting, which concludes on Wednesday. Source link

As U.S. export controls bite, China’s tech giants and local governments are forging unlikely alliances — Huawei’s with rival SMIC, for one — to build a parallel ecosystem. Source link

As the conflict between Israel and Iran escalates, investment strategists have been catastrophizing about how markets might react if Iran took the unprecedented step of trying to close the Strait of Hormuz. Source link

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Amazon has told its white collar employees that their jobs are at risk from artificial intelligence in the next few years, marking a rare explicit warning from a senior tech executive that AI will lead to lay-offs. Andy Jassy, the ecommerce giant’s chief executive, told employees in a memo on Tuesday that the company was deploying AI across its operations, particularly in its logistics network, to help lower costs. He said the company wants to increase its use of AI, which would…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.MPs have voted in favour of reforming abortion legislation in England and Wales to stop women from being prosecuted for ending their pregnancy.In a landmark move, the House of Commons voted by 379 to 137 to decriminalise abortion through an amendment to the government’s crime and policing bill.The amendment tabled by backbench Labour MP Tonia Antoniazzi would prevent women being investigated, arrested, prosecuted or imprisoned for terminating their own pregnancies.The proposed change to the law would cover circumstances where an abortion happened…

Recurring Expenses vs. Non-Recurring Expenses: an Overview Selling, general, and administrative expenses (SG&A) represent a broad category of costs involved with the operations of a business. Within this broad category, you will find recurring and non-recurring expenses, each reported in various ways on a company’s financial statements. The main difference between recurring and nonrecurring general and administrative expenses can best be understood as the difference between regular, fixed expenses a company expects to have on an ongoing basis versus expenses that occur one-time or extraordinarily. Key Takeaways The main difference between recurring and non-recurring expenses is the difference between regular, fixed expenses…