Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.Brazil, Mexico, South Africa and Turkey are among countries being promised access to funding to tackle pollution from industries such as cement and steel, as a group of multilateral lenders doubles down on climate action despite the pushback from the Trump administration.Under a new initiative billed as the largest of its kind, seven countries, including Namibia, Egypt and Uzbekistan, will be able to access finance from a coalition of development banks and funds to deal specifically with greenhouse gas emissions from heavy…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Meta has invested $15bn into data-labelling start-up Scale AI and hired its co-founder Alexandr Wang, as part of its bid to attract talent from rivals in a fiercely competitive market. The deal values Scale at $29bn, double its valuation last year. Scale said it would “substantially expand” its commercial relationship with Meta “to accelerate deployment of Scale’s data solutions”, without giving further details. Scale helps companies improve their artificial intelligence models by providing labelled training data.Scale will distribute proceeds from Meta’s investment to…
Oil futures shot higher and U.S. stock-market futures sank Thursday evening on reports that Israel was attacking sites in Iran. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel has launched a strike against Iran following months of mounting tensions over Tehran’s rapidly advancing nuclear programme, dramatically escalating the crisis that has gripped the Middle East for more than a year.Massive explosions were heard across Tehran at about 3:30am local time. Domestic media confirmed the blasts but did not verify whether they were caused by an Israeli strike.Initial videos and photos shared by Iranians on social media show smoke rising from various parts of Tehran. Fearing potential bombardment of residential…
Stay informed with free updatesSimply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox.Britain’s financial regulators need to learn from Singapore by ditching their “risk-averse culture”, stepping up support for economic growth, and becoming more welcoming to businesses, a House of Lords committee has said.Since the 2008 banking crisis, the Financial Conduct Authority and Prudential Regulation Authority have introduced “unnecessary frictions” that undermine growth and innovation and “discourage new entrants”, the House of Lords Financial Regulation Committee said on Friday.The peers’ conclusion that the UK has “valuable lessons to learn from Singapore’s approach”…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.In late June, Hiromi Yamaji, the president of the company that controls the Tokyo Stock Exchange, will begin a tour of global institutional investors. It should have been a light-footed victory lap; it will instead be more of a muddy trudge.Until last week, Yamaji had a nuanced — but fundamentally positive — story to tell the outside world about rising governance standards, fairer treatment of shareholders, reduction of cross shareholdings, record numbers of shareholder proposals at annual meetings and the arrival, at…
Stay informed with free updatesSimply sign up to the Health sector myFT Digest — delivered directly to your inbox.Thermo Fisher Scientific has put part of its diagnostics unit up for sale for around $4bn in the latest move by a life sciences company to attempt to offload some of its low-growth assets. The company has approached private equity firms through advisers in recent weeks to test interest in a chunk of its diagnostics business, which includes its microbiology unit that makes infectious disease testing equipment, according to three people familiar with the matter. The diagnostics units up for sale generate…
Stay informed with free updatesSimply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox.Anthony Pompliano, one of America’s most prominent crypto influencers, is set to be installed as chief executive of a publicly traded company that is raising $750mn to fund a bitcoin buying spree.Pompliano, a podcast host with 1.7mn followers on X, was in talks to lead an entity that would seek to raise $750mn as part of tie-up with a blank-cheque vehicle, according to three people briefed on the talks.The proposed deal is the latest in a growing crypto investment boom fuelled by Donald…
Investors are bullish on memory stocks like Micron as the ramp of Nvidia’s Blackwell AI chips helps demand for high-bandwidth memory chips, one analyst says Source link
Your Social Security number (SSN), a unique identifier issued by the Social Security Administration (SSA), is meant to stay with you for life and never change. But there are instances where the SSA makes exceptions. These include times when your safety is endangered or you are a victim of identity theft. (In April 2024, for example, a lawsuit alleged that a hacker gained access to billions of personal records, including Social Security numbers.) Here’s why some people change their Social Security numbers and how to go about it if you wish to. Key Takeaways The Social Security Administration generally discourages…