Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Wealth managers have issued a “health warning” over the costs and complexities of investment vehicles designed to reduce inheritance tax.It follows a flood of inquiries from affluent clients over setting up family investment companies, or Fics, to cut IHT after chancellor Rachel Reeves expanded the regime in the Autumn Budget last year. “There are many clients for whom these will be too costly and complex, or where the assets under discussion are incompatible,” said Hazel Bowen, a senior wealth planner at Canaccord…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lower energy prices have been a rare bright spot for US consumers dealing with heightened inflation. After Israel’s strike on Iranian targets, that may well reverse. The Iran shock presents two risks to the price of oil, which rose 8 per cent to $74 a barrel on Friday morning, a sizeable jump for a single day. The first is that, in the context of the rising hostilities, Iran’s current crude exports, which have already been softening, could fall further. That, in itself, would not…
“I don’t think we’ll be able to max out both employer plans and both IRAs each year.” Source link
The home also offers sweeping views of the Los Angeles skyline Source link
The massive Israeli strike on Iranian nuclear and military sites has sparked fears of a wider conflict in the Middle East and sent oil prices surging. Source link
Many tech stocks fall outside of the traditional definition of value, but this portfolio manager says investors should adapt their thinking. Source link
Many CEOs and corporate directors know how to cut a business but not how to grow it. That’s a good way to destroy shareholder value. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.AstraZeneca has signed a deal worth up to $5.2bn to work with a Chinese biotech company using AI to develop new treatments for chronic diseases. The drugmaker will collaborate with CSPC Pharmaceuticals on several drugs including a pill to treat immunological diseases. CSPC will receive $110mn upfront and will be eligible for payments based on development milestones of up to $1.6bn and sales milestones of up to $3.6bn. Sharon Barr, who leads AstraZeneca’s biopharmaceuticals research and development, said the partnership would support the “rapid…
In late 2023, the European Union finalized its Artificial Intelligence Act, the world’s first comprehensive law governing corporate AI use. The EU AI Act, which takes full effect by August 2026, applies to any company operating in Europe or serving EU consumers, including U.S. tech giants and startups with overseas customers. As AI usage becomes more embedded across the public and private sectors, Europe’s legislation could pressure American companies to rethink their approach to data privacy, transparency, and human oversight. Here’s what’s included in Europe’s sweeping regulation, how it might affect U.S.-based business owners, and why it might reshape consumer…
Dads teach us about money — and their lessons stick Source link