Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Spotify founder Daniel Ek is leading a €600mn investment in Helsing, valuing the German defence tech group at €12bn and making it one of Europe’s most valuable start-ups. The deal comes as the Munich-based start-up is expanding from its origins in artificial intelligence software to produce its own drones, aircraft and submarines. Helsing is benefiting from a surge of investment in defence groups, as a highly charged geopolitical environment spurs nations all over the world to increase military spending and the war…
Brand owners have rarely faced a more testing period, given the need to carefully navigate rapidly shifting political and cultural conventions to reach consumers who are increasingly polarised and atomised in their tastes and views Source link
Chinese brands are reshaping the global marketplace and extending their influence among international consumers — even as US tariffs cast uncertainty over the year ahead. BYD’s electric vehicle sales have overtaken Tesla’s in Europe, and in Brazil seven out of 10 fully electric cars sold are made by BYD. Xiaomi, the world’s third-largest phonemaker, which has put its logo on everything from suitcases to smart washing machines, just added EVs to its list of planned exports. And this year’s must-have handbag accessory, the Labubu doll, is a Chinese export by Pop Mart, which generates almost 40 per cent of its…
The UAE launched the second phase of its Zero Government Bureaucracy programme, a national initiative to streamline public services and eliminate administrative red tape, aiming to position the country as a global leader in efficient and impact-driven governance. The announcement was made by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who said the move reflects the vision of President Sheikh Mohamed bin Zayed Al Nahyan to build a world-class model for government service delivery. “We launch the second phase of the Zero Government Bureaucracy programme, a national project designed…
Stay informed with free updatesSimply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox.Australia’s largest shipbuilder has said it would be a “strange outcome” if the government allowed it to be taken over by a South Korean company, given Canberra’s focus on rebuilding the country’s defence and manufacturing capabilities.Hanwha, South Korea’s biggest defence group, has purchased a 9.9 per cent stake in Perth-based Austal after making multiple unsuccessful offers for the business in the past two years.It has also acquired options to double its stake and last week received the green light from the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Eli Lilly is in advanced talks to buy gene editing start-up Verve Therapeutics for up to $1.3bn in what would be the latest acquisition by the world’s largest drugmaker as it seeks to boost its pipeline of experimental medicines. As part of the deal, Eli Lilly would pay almost $1bn upfront for Verve, which is developing a gene-editing therapy to treat bad cholesterol, and a further $300mn based on the biotech company achieving certain clinical milestones, two people familiar with the matter…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The annual pay package of David Zaslav, chief executive of Warner Bros Discovery, could drop by about 50 per cent after the company splits in 2026, following years of shareholder criticism of his remuneration.Zaslav’s $52mn pay package for 2024, which exceeded that of his counterparts at Walt Disney and Comcast, was rejected by shareholders in a symbolic vote last month. Warner board members said his new remuneration package would be reconfigured following “shareholders’ feedback” in a statement released on Monday. Warner Bros Discovery announced…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Sadiq Khan has announced that he will go ahead with plans to pedestrianise Oxford Street after receiving what he dubbed “overwhelming public and business support” for the contentious proposal.London’s Labour mayor has long advocated removing traffic from the capital city’s main shopping street despite previous opposition from Westminster council, the local borough. On Tuesday, Khan said he was moving forward with the pedestrianisation of Oxford Street with detailed proposals to be published later this year. He said City Hall would set up…
An Evercore analyst notes that Meta has a strong track record with its monetization initiatives across brands. Source link
High-fee premium credit cards can still be a good deal if you can work the right perks and upgrades. Source link