Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UN atomic watchdog’s board has for the first time in two decades declared that Iran is in breach of its non-proliferation obligations as the US and European powers increase pressure on Tehran over its nuclear activities.In a resolution drafted by the US, the UK, France and Germany, the International Atomic Energy Agency’s board of governors censured Iran, saying Tehran had failed to co-operate with the watchdog on “numerous” occasions and impeded its ability to “verify Iran’s declarations and the exclusively peaceful…
Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.If you liked the financial conditions index and the trade policy uncertainty index, then you’ll probably love the ECB’s new risk appetite index. If you don’t, then you might find yourself asking: What’s the purpose of all these things? Why are central bank economists so keen on taking the complexity of the world and reducing it to a single number?Because that’s the basic project here. The new ECB index takes 10 daily financial markets series (equity prices, volatility futures, bond spreads and FX…
Image: Getty Images Shares of planemaker Boeing fell nearly 8 per cent in premarket US trading on Thursday after an Air India aircraft with 242 people crashed minutes after taking off from India’s western city of Ahmedabad. India’s federal health minister said “many people” were killed in the crash. The plane was headed to Gatwick Airport in the UK, with police officers saying it crashed in a civilian area near the Ahmedabad airport. Aviation tracking site Flightradar24 said the plane was a Boeing 787-8 Dreamliner, one of the most modern passenger aircraft in service. It was not immediately clear what…
This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersWelcome to Energy Source, coming to you from New York.US oil production is forecast to fall next year for the first time since the Covid-19 pandemic, my colleagues Kristina Shevory and Jamie Smyth report. Slumping oil prices, driven by rising supply from Opec+ and anxiety over Donald Trump’s trade policies, has caused producers to scale back drilling activity. As Trump’s landmark tax bill is debated…
Jeff Gundlach has a ton of ideas about where to invest right now, and U.S. markets may be the least of those, he says. Source link
Image credit: WAM/Website In a record-setting move that highlights Dubai’s growing leadership in digital real estate, the Dubai Land Department announced that its second tokenised property project on the ‘PRYPCO Mint’ platform was fully funded in just one minute and 58 seconds. According to a report by the Emirates News Agency (WAM), the offering attracted 149 investors from 35 nationalities, pushing the waiting list to more than 10,700 individuals. The surge in demand reflects rising confidence in tokenised real estate investment solutions within the emirate. Read-PRYPCO Mint unveils second tokenised property, listing to go live on June 11 The project…
It’s all about finding the right credit cards to maximize your benefits, experts say — and avoiding this one major mistake. Source link
Global Economy In the second of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss the way economic trends have fractured societies on both sides of the Atlantic and the jeopardy that poses to liberal democracies in Europe and America Source link
In this special feature, Gulf Business spotlights enterprises with a strong regional presence, market leadership by size, and standout brand recognition The post Defining MENA’s economy: 30 iconic and influential companies appeared first on Gulf Business. Source link
Afreximbank, a pan-African trade finance institution, has accused rating agency Fitch of giving an “erroneous view” on its exposure to potential losses, as the lender faces pressure over whether it fully disclosed the riskiness of loans made to Ghana and other cash-strapped nations.Fitch Ratings last week said that the Cairo-based multilateral lender was at risk of suffering losses on an estimated $2bn in loans to Ghana, Zambia, Malawi and South Sudan, if it was not treated as a preferred creditor. It added that the bank had “weak risk management policies”, used “flexibilities” allowed by accounting standards to mark loans as…