Author: Arabian Media staff
“What is the smartest way to go about this? Will she be taxed?” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in troubled gambling group Entain jumped more than 12 per cent on Monday after its US sports betting business upgraded its annual forecasts, in an early boost for new chief executive Stella David.Second-quarter trading at BetMGM, Entain’s US joint venture with New York-listed MGM Resorts International, has been “broadly consistent” with the 34 per cent growth seen in the first quarter, the company said in a statement on Monday. BetMGM now expects to report annual group revenues of at least $2.6bn…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe Trump administration has cut US government spending on health research to a 10-year low, forcing universities to dip into their endowment funds and hurting companies that sell lab supplies.Treasury department data shows cash disbursed from the National Institutes of Health dropped to $2.8bn in May, down 28 per cent from April and the lowest absolute dollar outlay since September 2014, according to Jefferies, an investment bank. Already in June, pancreatic cancer grant funding for the University of Florida and…
Goldman Sachs expects $425 billion of household buying of U.S. stocks this year. Source link
Pop sensation Lizzo purchased the dazzling home from Harry Styles in 2022 for $15 million, and listed it last December for $16 million. Source link
Stay informed with free updatesSimply sign up to the EU energy myFT Digest — delivered directly to your inbox.The European Commission will propose that the EU bans all new Russian gas contracts based on trade law, in a move that seeks to circumvent any potential veto from Hungary and Slovakia.Companies would be banned from signing any new contracts for Russian gas, effective immediately, according to a summary of the proposal seen by the Financial Times and due for presentation on Tuesday. Existing short-term contracts, pipeline gas and LNG imports from Russia would have to be terminated from 2026, while those…
UAE’s based luxury real estate developer Binghatti Holding has launched Binghatti Capital Limited, an asset management firm based in the Dubai International Financial Centre (DIFC). The new entity plans to manage approximately $1bn in Shariah-compliant private credit and real estate strategies. Binghatti Capital has received authorisation from the Dubai Financial Services Authority (DFSA), the independent regulator for financial services conducted in or from DIFC. The firm is licensed to work exclusively with professional clients. As part of its real estate strategy, Binghatti Capital will implement separate mandates covering the acquisition and sale of off-plan residential properties, as well as the…
Ernest Jones IV has officially quit California, less than a year after he was traded from the L.A. Rams to the Tennessee Titans and finally to the Seahawks. Source link
Shares of Kering, the luxury-goods company behind Gucci, Yves Saint Laurent and other brands, rallied as much as 10% on Monday after reportedly luring Renault’s chief executive to run the company. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK ministers ordered British Steel to give them 24-hour access to the country’s last blast furnace facility when they seized control of it, a sign of the high concern that its Chinese owner Jingye would break a requirement to keep the site operational. The government in April passed emergency legislation to take control of British Steel and the two blast furnaces at its flagship Scunthorpe site after Jingye said it intended to shut the plant because it was losing £700,000 a day.…