Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Airlines myFT Digest — delivered directly to your inbox.Flights operated by European airlines have been squeezed into a narrow air corridor by the war between Israel and Iran, adding to the industry’s challenges after a Boeing 787 Dreamliner crashed in India last week.Air France-KLM, Lufthansa and Wizz Air are among more than 150 carriers worldwide that have suspended flights or been forced into costly detours after airspace over Israel, Iraq and Jordan was closed last weekend.Analysts said the disruption is particularly problematic for European airlines, which are already avoiding Russian airspace…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is president and chief executive of Scotiabank The late Canadian prime minister Pierre Trudeau once said that the Canada-US relationship resembled “sleeping with an elephant. No matter how friendly . . . one is affected by every twitch and grunt.” Now the elephant has tossed and turned, and Canada has finally woken up. This could be the watershed year in which we redefine our role in the global economy.For much of its history, Canada has earned a global reputation for being a peaceful nation and…
In the 1980s, Japan was on track to become the world’s leading economy. Its rapid industrial expansion and global exports positioned it as a rising superpower. But that momentum collapsed with the bursting of a massive asset bubble in 1990, ushering in decades of economic stagnation, deflation, and sluggish growth. This era, once known as the “Lost Decade,” is now better understood as a structural stagnation lasting more than 30 years. Meanwhile, the Bank of Japan (BOJ) and the Japanese government have implemented a range of measures to stimulate the economy. For instance, the BOJ was the first central bank…
Are budget cuts to Medicaid and Medicare really necessary? Here’s how they could be avoided. Source link
This article is an on-site version of our Chris Giles on Central Banks newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersThis has been a cruel month for statisticians. On June 3, the US Bureau of Labor Statistics admitted it had messed up the weights for its Current Population Survey, affecting the employment, unemployment and labour market participation figures for April. The following day, the UK’s Office for National Statistics came clean with its own weighting disaster, in which it had overstated April’s…
What Are Bitcoin Hard Forks? A Bitcoin hard fork is a protocol change that creates a new set of rules for the computers that make up the blockchain network. If a hard fork is implemented without the complete agreement of other network participants, it can cause the cryptocurrency network to split into two. A hard fork is different from a soft fork, which is a protocol change that does not cause a rejection of the pre-existing rule set. A hard fork requires all network participants to upgrade to the new rule set and reject the old rules, while a soft…
As more employees are called back into the office, a new workplace trend is emerging, especially among Gen Z: task masking. This growing phenomenon involves looking busy while doing little meaningful work. Think: typing furiously with no deadline, fake meetings, or walking around with a laptop just to be seen. Gen Z professionals are also creating countless videos on TikTok and Instagram showcasing their task-masking techniques. Whether it’s done as a rebellion against return-to-office (RTO) mandates or a response to growing workplace anxieties, task masking is a serious professional risk. And experts say the rise of task masking reveals deeper…
Patrick Kelly, co-manager of a top-performing Alger fund, wants investors to wake up over AI before they miss a big opportunity. Source link
Taking Social Security before your full retirement age may have profound consequences. Source link
Image: AI generated/ For illustrative purposes only Al Ain Farms Group (AAFG), the UAE’s largest national provider of protein and beverages, has signed a strategic joint development agreement with Finnish food-tech company FoodIQ to bring advanced manufacturing technology to the Middle East and North Africa (MENA) region for the first time. Under the agreement, AAFG will become the first company globally to industrially adopt FoodIQ’s patented multi-layer cooker (MLC) technology outside of Finland. The move positions the UAE as a pioneer in clean-label food production using smart, modular systems that enable the local manufacture of high-protein, natural dairy and plant-based…