Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BlackRock has set an ambitious $400bn fundraising target for its private investment businesses, as executives laid out a plan to almost double the market value of the world’s largest asset manager by 2030. The 2030 targets show how BlackRock and its chief executive Larry Fink hope to build the business as it moves to compete with giants of the alternative asset world, including Blackstone, Apollo Global Management and KKR.BlackRock last year agreed to spend about $28bn to buy Global Infrastructure Partners (GIP),…
Automobile manufacturing is resource-intensive, requiring a substantial amount of raw materials sourced from all over the globe. The sector uses more raw materials than just about any other industry. These include aluminum and glass, which are useful because they are lightweight and durable, and iron, which is converted into steel and employed for its strength and versatility. In addition, petroleum products aren’t just used to power automobiles after production, but are the basis for plastics, rubber, and specialized fibers found throughout cars. Their journey from extraction to your driveway is complex, and as more esoteric metals are needed for batteries…
Americans have yet to felt any sting of inflation from the Trump tariffs when they go shopping. Now a new look at wholesale prices suggests the coast might be clear for a while longer. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.One of the trickiest challenges for any honest investor is trying to work out whether they are lucky or smart. Is their successful trading strategy the equivalent of a coin toss coming up heads five times in a row? Or is it the result of superior insight or execution? Human nature (and fee structures) being what they are, most investors prefer the latter explanation. In truth, it is often hard to tell.In an attempt to dial up the smart factor and dial…
Martin Harvey / Getty Images Locations such as India, where the Udaivil's Oberoi Hotel is located, is one of the five most popular countries the wealthy is moving to.The United States has long dominated global private wealth. As of the end of 2024, 6,041,600 of the world’s 16 million high-net-worth individuals lived in the U.S., or 37% of the global population of people with net worth over $1 million, with 34% of liquid wealth being held in the country.But the U.S. dominance is projected to backslide. According to the USA Wealth Report 2025, released by investment migration consultancy Henley &…
Boeing’s stock dropped after a 787 Dreamliner plane crashed in India, raising concerns over whether its recent rally may have just ended. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK accounting regulator has fined KPMG £690,000 for relying on another firm’s work during its audit of agriculture and engineering group Carr’s, in breach of rules on auditor independence.The Financial Reporting Council said on Thursday that KPMG should not have relied on the work by the smaller firm because it had sold other accounting and tax services to Carr’s and had failed to change its lead auditor at the required five-year mark. The time limit and the restrictions on selling other…
Leaving your nine-to-five job to backpack through Southeast Asia or to spend more time with your friends and family may seem tempting, but if you want your micro-retirement to be successful, you’ll want to iron out the specifics before you resign. A micro-retirement, is essentially a career break, a pause in your working life to reset, explore, or regroup. People take these breaks for many reasons: to recover from burnout, reevaluate career goals, raise children, or simply enjoy life outside of work. However, quitting a job without another role lined up isn’t for the faint of heart: you’ll want to…
The extraordinary abode is spread across three floors and boasts 11,000 square feet of living space Source link
U.S. dollar dominance provides Americans with many special economic, financial and geopolitical benefits. Source link