Author: Arabian Media staff
The UAE has officially declared Friday, June 27, 2025, as a paid public holiday for the Islamic New Year — giving residents across the country a welcome long weekend. The Ministry of Human Resources and Emiratisation announced on Monday that the private sector would observe the day off, following an earlier confirmation from the Federal Authority for Government Human Resources for public sector employees. The holiday marks the beginning of the Islamic year 1447 AH and commemorates the Hijrah — the Prophet Muhammad’s (PBUH) migration from Mecca to Medina in 622 CE — a defining moment that signifies the start…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.What does a mass-market carmaker have in common with a luxury goods provider? Investors may well be pondering that question as they digest news that Luca de Meo, lifetime car executive and architect of Renault’s nifty turnaround, has quit to lead Gucci parent company Kering. In theory, there is little overlap between the two jobs. True, at the very top of the heap, businesses selling super-premium cars and buttery-soft handbags do seem to have converged — as evidenced by the high margins and…
Staking ether (ETH) is locking some cryptocurrency in a smart contract and offering your services to the network as a validator. Validators with 32 ETH are randomly chosen by the network to verify transactions and add new blocks to the blockchain. In exchange for the work, they earn freshly minted ETH and portions of network transaction fees. This article will explore Ethereum staking, its benefits and risks, and share tips for finding a reliable and trustworthy staking platform based on criteria such as security, fees, and reputation. Key Takeaways Ethereum staking involves committing ether as collateral to validate transactions on…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Warner Bros Discovery bondholders approved a debt structuring that underpins a break-up of the media titan, handing a rare win to the company’s chief executive, David Zaslav.The complex deal, announced last week, called for compromise between WBD and its creditors in which the company agreed to buy back more than $14bn of the group’s $36bn of bonds at a slight premium to current market prices, but below 100 cents on the dollar in some instances.In exchange, participating bondholders consented to relax existing…
The Federal Reserve, established in 1913 through the Federal Reserve Act, has stood for well over a century as a cornerstone for the U.S. financial system. Its longevity is a testament not just to decades of monetary policy but also to the Fed’s ability to evolve along with the U.S. economy. The Fed’s actions over the years highlight its ongoing importance and adaptability. These include dramatic shifts in monetary policy: dropping interest rates to near-zero levels during recessions and raising them to multidecade highs to combat inflation. Each shift was met by national news coverage that was unusual for any…
Jaguar’s widely mocked relaunch, targeted at a younger audience, did generate attention. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldCrypto billionaire Justin Sun’s digital asset platform Tron is set to go public in the US, four months after market regulators agreed to pause a fraud investigation into several of his companies. Tron will go public in a reverse merger with Nasdaq-listed SRM Entertainment in a deal orchestrated by Dominari Securities, a New York-based boutique investment bank with ties to Donald Trump Jr and Eric Trump, according to two people briefed on the matter.The new venture will buy and hold the…
You might have a retirement plan. But is it built to survive a crisis? According to Allianz, 62% of Americans worry a future national or global crisis could derail their retirement—but only 46% have actually accounted for those risks in their plan. If your strategy hinges on stable markets and predictable outcomes, it may be time to stress-test your future by ensuring you’re properly diversified, factoring risks that are often overlooked, and employing flexible tools to give you options during times of need. Key Takeaways A crisis-ready retirement plan is diversified across income types, taxes, and time horizons.Don’t forget to…
Deutsche Bank says worry about a looming tariff deadline and inflation. Source link
Cautious investors can shield their finances in a turbulent economy by doing things like paying down debts, building up an emergency fund, and converting to cash equivalents. If you fear troubled economic times ahead, these five strategies can help to protect your investments. Key Takeaways When faced with economic turmoil, savvy investors will make sure their emergency fund is well-supplied and will proactively pay down variable-rate debts.Fixed income can be a safe haven in tumultuous times, but it is not without risks as well; beware of duration risk and similar factors.More risk-tolerant investors might consider playing a downturn through the…