Author: Arabian Media staff
On the night of June 15 an oil tanker near the Strait of Hormuz, the Liberian-flagged Front Eagle, transmitted several impossible positioning signals, repeatedly appearing to jump dozens of miles in an instant.Early the following morning, it collided with another tanker, which burst into flames.The cause of the crash remains unclear, but the Front Eagle’s apparent bizarre movements near the Iran-controlled strait were, experts agree, a sign of global positioning system interference, a tool of modern warfare that sharply increases the risk of accidents.The Front Eagle was not the only vessel affected by the interference, which began after Israel attacked…
The southernmost point in the U.S. promises to offer you a postcard-perfect retirement, with pastel-colored houses, world-famous beaches, and breathtaking sunsets. However, beyond these picturesque retirement perks, you will find that retiring in Key West comes with a hefty price tag. Here’s everything you need to know if you’re considering retirement in Key West. Key Takeaways Housing costs in Key West are more than double the national median and 76% higher than the rest of Florida. Limited health care options require travel to Miami for specialized treatment, adding to the cost of living. While Florida offers major tax benefits for…
Stay informed with free updatesSimply sign up to the Media myFT Digest — delivered directly to your inbox.Swiss authorities have raided the offices of popular financial blog Inside Paradeplatz over suspected violations of banking secrecy laws, as media reporting on financial misconduct becomes more restricted in the country. Lukas Hässig, the journalist behind the blog told the Financial Times that officials from the Zurich prosecutor’s office and police officers had also searched his private residence. The searches, which resulted in the seizure of a laptop, a cell phone and several documents, took place on June 3, said Hässig, who earlier reported…
Stay informed with free updatesSimply sign up to the Russian business & finance myFT Digest — delivered directly to your inbox.A Moscow court ruled on Tuesday that the Russian state can seize the city’s second-largest airport from its billionaire owner, all but greenlighting the largest in a string of forced nationalisations enacted since the full-scale invasion of Ukraine.Russia’s prosecutor-general had argued that Domodedovo airport’s owner Dmitry Kamenshchik and his business associate, Valery Kogan, were part of western efforts to undermine the Russian economy. They cited the two men holding foreign passports as proof.The prosecutor-general’s office has expropriated dozens of Russian…
Annuities are a better deal now than even a few years ago. So why aren’t people buying them? Source link
Iranian state TV anchor Sahar Emami was delivering a live broadcast in Tehran this week when she was interrupted by loud booms.Shocked viewers — who have been closely following state media for news of the war between Israel and Iran — saw the room fill with smoke, dust and debris.“The sound you just heard is the sound of the aggressor attacking our homeland, the sound of the aggressor seeking to stifle rightfulness and truth,” said Emami, wagging her index finger as the cameras kept rolling.“What you just witnessed . . . this smoke-filled studio of the news network,” she went on, before being forced…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India’s aviation safety regulator has said it has found no “major safety concerns” during inspections of Air India’s Boeing 787 aircraft following Thursday’s fatal crash of a flight from Ahmedabad to London. The authorities have announced a series of safety measures following the crash immediately after take-off — the first loss of a 787 — that killed all but one of the 242 people on board and tens more on the ground. The regulator made the statement in a press release following…
Netflix is moving into the theme-park space with the opening of Netflix House in Philadelphia and Dallas later this year. Source link
The European Commission has proposed overhauling EU debt securitisation rules that were put in place in the wake of the 2008 global financial crisis, in an effort to free up bank capital and encourage lending.The commission on Tuesday put forward plans for lowering capital charges for banks holding securitised assets and cutting red tape for investors and issuers. The measures form part of Brussels’ broader push to integrate the EU’s capital markets, which is seen as critical to boosting the continent’s flagging economic competitiveness.Political will for a revision of the bloc’s prudential framework, viewed by many in the market as…
For-sale listings are piling up in many real-estate markets in the U.S., according to data from Realtor.com. Source link