Author: Arabian Media staff

Even Medicare doesn’t know where the money is really going. Source link

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump said it was a “big mistake” to exclude Russia from G7 summits as he used his opening remarks of the meeting in Canada’s Rocky Mountains to lament the group’s treatment of Moscow. The US president delivered his complaint flanked by Mark Carney, Canada’s prime minister, marking an awkward start to this year’s summit, which is being dominated by war in the Middle East, trade tensions, and Washington’s inability to broker a peace deal in Ukraine. Trump has long…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A court in Mali has appointed administrators to reopen a large gold mine in the country against the wishes of its owner Barrick Mining, escalating a stand-off between the Canadian company and the west African country’s military rulers.The judge in the capital Bamako agreed to a government request that an interim board would be set up to run the Loulo-Gounkoto mine and allow operations to resume. Barrick closed the mine in January after Mali’s government, which owns a 20 per cent stake…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Doctor Who and Coronation Street have a lot in common. They are British dramas that are among the longest-running shows in their respective genres. They are essential components in the history of their respective networks, the BBC and ITV. But they have another, bleaker commonality: both, in recent years, have experienced record-low viewing figures. Last year, for the first time since it began airing, no episode of Coronation Street was seen by more than 5mn people (in 2013, it still had audiences…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe Trump Organization has announced plans to launch a mobile phone service, in the latest effort by the family business to capitalise on Donald Trump’s return to the White House.The company, which is managed by Trump’s sons, on Monday unveiled a gold-coloured, US-built smartphone for $499 that will be released in August. The flagship plan of the “Trump Mobile” operator will cost $47.45 per month. The creation of the mobile service is part of a series of recent Trump family…

Airo’s stock soared for a second straight day, even though the unprofitable drone maker’s IPO priced well below the expected range. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.If economic growth is the UK government’s “number one mission”, it could do no better than to address the country’s punishingly high electricity prices. Britain has the highest industrial electricity prices in the developed world, according to 2023 data from the International Energy Agency — and it has been near the top for some time. This means energy-intensive UK businesses struggle to retain competitiveness, start-ups have less to spend on scaling up and Britain’s attractiveness as an investment destination is damaged. Right…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Airbus dominated the first day of the biennial Paris Air Show, unveiling close to $10bn of orders after its rival Boeing cut back its activities following last week’s fatal Air India crash. The European planemaker has secured an order for up to 77 freight and passenger aircraft from Saudi Arabian leasing company AviLease, as well as deals with Riyadh Air and Polish airline LOT.  The world’s largest aerospace industry gathering is taking place just days after the crash of an Air India flight bound…

Nvidia’s opportunity in the data-center segment “is enormous” and still in the early stages, Bernstein analysts said. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sabadell is exploring a sale of its British bank TSB, as the Spanish lender seeks to fend off an €11bn hostile approach from its domestic rival BBVA. Sabadell is working with advisers to examine offloading the UK high street unit and has been in contact with potential bidders, people familiar with the matter told the Financial Times. Two of the people said that documents relating to a sale had been circulated to potential bidders in recent weeks, with one adding that interested…