Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Australia’s corporate regulator has launched an inquiry into the country’s stock exchange operator over “repeated and serious failures” that it says have undermined confidence in the public markets.The Australian Securities and Investments Commission on Monday said it would examine the Australian Securities Exchange’s governance and risk management practices after a series of mishaps including a botched upgrade to its clearing and settlements systems and a prolonged outage in the run-up to Christmas last year.Shares in the exchange operator fell 6 per cent…
Experts question Israel’s claim Tehran had begun an atomic bomb programme but warn it has become a ‘threshold’ state Source link
At the opening last week of the Western Range iron ore mine in the remote Pilbara region of Australia, Jakob Stausholm gave one of his final speeches as head of the world’s second-largest mining company.“When I was interviewing for the job as CEO, I said succession planning starts on day one,” the Rio Tinto chief told reporters. Standing behind him in the red dirt was Simon Trott, head of the company’s iron ore division and a frontrunner for the role.Yet such planning had not been apparent just a few weeks earlier when Rio announced Stausholm’s departure after almost five years…
Stay informed with free updatesSimply sign up to the Arts myFT Digest — delivered directly to your inbox.There are those who believe Britain isn’t as prepared as it should be for war. That, since the cold war, successive governments have allowed its defences to shrink too far and Britons have forgotten what it means to protect their country. Among them is Deborah Haynes, the security and defence editor at Sky News, who has come up with a series to show us exactly how unprepared the country is for an attack.The Wargame, a new podcast from Sky News and Tortoise Media,…
Image: Supplied Artificial intelligence is the defining competitive advantage in today’s accelerating fintech ecosystem. From real-time fraud detection to hyper-personalised financial products, artificial intelligence (AI) is already reshaping the customer experience. Yet, as we race forward, we must ask, who are we leaving behind? According to the World Bank, over 1.4 billion adults globally remain unbanked. While fintech has made significant progress in making financial services faster and more accessible, it must also ensure that the benefits of innovation extend to those who need it most. The next leap in fintech must be powered by AI, but it must also…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Authorities in the UK have commissioned a human rights review into a $20bn gas development in Mozambique, as they assess whether to keep funding the project led by France’s TotalEnergies.Four people familiar with the project said they had been approached in recent months by legal group Beyond Human Rights Compliance, saying it had been tasked by UK Export Finance, the country’s credit export agency, with carrying out an assessment of human rights allegations linked to the Mozambique LNG project. Beyond Human Rights…
This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Iran launched a new missile barrage on Israel’s cities early today as the Middle East conflict entered a fourth day. Earlier, Israel’s military said its air force had struck missile sites in central Iran. Meanwhile European Commission president Ursula von der Leyen said last night that “Iran is the principal source of regional instability” as G7 leaders gathered in Canada. Today, I preview…
Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here.Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com In today’s newsletter:Hedge fund manager Ian Wace’s accidental adventureBlackRock’s plan to take on private capital giants Private market funds lag US stocks over short and long termThe tale of Tanera MòrIan Wace first saw the advertisement for the remote island of Tanera Mòr in…
Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest — delivered directly to your inbox.China’s industrial output growth slowed in May but consumer spending picked up, according to official data, highlighting uncertainty for the world’s second-largest economy as it navigates a trade war with the US.Industrial production last month expanded 5.8 per cent year on year, the National Bureau of Statistics said on Monday, its slowest pace this year and down from 6.1 per cent growth in April.Retail sales grew 6.4 per cent, beating analysts’ forecasts and the fastest expansion since December 2023. China has for…
Australia’s second-largest gas producer Santos said on Monday it intended to support an all-cash $18.7bn takeover bid from an international consortium led by Abu Dhabi’s National Oil Company (ADNOC), which wants to grow a global gas business. ADNOC, through its investment arm XRG, with Abu Dhabi Development Holding Company (ADQ) and private equity firm Carlyle has offered $5.76 (A$8.89) per Santos share, which was a 28 per cent premium to the Australian company’s close on Friday. Taking into account net debt, the deal gives Santos an enterprise value of A$36.4bn, which would make it the largest all-cash corporate buyout in…