Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An Air India flight to London Gatwick has crashed in Ahmedabad in western India shortly after take-off, according to local police.Police in Gujarat state told the Financial Times that the plane crashed “within 10 minutes” of taking off from the airport in Ahmedabad.Local media said 242 people were on board, including two pilots and 10 members of cabin crew.“Flight AI171, operating Ahmedabad-London Gatwick, was involved in an incident today, 12 June 2025. At this moment, we are ascertaining the details,” Air India…
To OpenAI chief Sam Altman, the point of singularity — where artificial intelligence surpasses that of humans — may have already passed. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK discount retailer Poundland has been sold for less than £1 to US private equity group Gordon Brothers, as its Warsaw-listed owner moves away from selling low-margin consumer goods.Pepco Group said it had sold the struggling retailer for a nominal consideration — or €1 (85p), according to a person familiar with the deal — and at least £30mn in debt, plus a potential further £30mn loan to be extended by Pepco on completion of Poundland’s proposed restructuring plan.It said Poundland would be…
Image credit: Getty Images After more than a decade of economic isolation, Syria is stepping back into the global financial ecosystem following the US government’s decision to lift long-standing sanctions. In a swift response, Binance—the world’s largest cryptocurrency exchange by trading volume—announced it will now offer its services to users in Syria. Read-Saudi Arabia, Qatar to settle Syria’s outstanding arrears to World Bank The move marks a pivotal moment for financial inclusion in the war-torn nation. Binance, which holds 21 regulatory licenses worldwide, will enable Syrian users to access a full suite of crypto services, including spot and futures trading,…
Hello everyone! This is Lauly, sending my greetings from summery Taipei.It’s been a very fruitful few weeks for me. Although I caught a bad cold during the annual Computex trade fair in mid-May, I was able to talk to numerous suppliers about their latest AI server solutions, from advanced liquid cooling systems and power supplies to cables, GPU boards and final assembly. Being able to touch all those components and parts, and hear directly from experts how these technologies come together to make the world’s most powerful AI supercomputers was a priceless experience.That being said, the highlight of the past…
Stay informed with free updatesSimply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox.A leading UK electric-vehicle charging company that floated in London in 2021 at a £350mn valuation has agreed to a buyout from EDF for just over £10mn.Pod Point, which sells the hardware to charge EVs, blamed stiff competition and a slower than expected adoption of EVs for its problems. It suspended its shares in May after a tumultuous start to the year in which it issued a profit warning and discovered £4.4mn of bad debts on its books. A takeover would mark…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe writer is professor of space policy and international affairs at George Washington University’s Space Policy InstituteThe feud between Elon Musk and President Donald Trump is no mere sideshow of American political theatre. It is a destabilising clash with real consequences for the governance of space and global security. Trump’s threats to cancel SpaceX contracts and his followers’ calls to nationalise the company are not just reckless; they are potentially catastrophic.At the centre is the space and satellite company that…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump is poised to sign off crucial parts of the US-UK trade deal that will deliver lower tariffs for British car exports to America in return for improved access to the UK for US beef and ethanol producers.The “cars for agriculture” deal comes more than a month after Trump and Sir Keir Starmer signed off the five-page Economic Prosperity Deal in a televised Oval Office press conference on May 8.UK officials close to the talks said that the two…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Investors are pouring into silver and platinum as they seek “gold alternatives” and hedges against the US dollar, sending prices for both metals soaring.With the US dollar’s status as a safe haven for global capital under threat, gold has enjoyed a historic rally, surging 25 per cent since the beginning of the year as investors use it as a hedge against uncertainty.However, amid concerns that gold may now be overvalued, other precious metals such as silver and platinum are starting to catch…
Image: Supplied In an age of AI algorithms, viral TikTok clips, and virtual reality experiences, one truth remains: compelling storytelling runs on human emotion. Technology is transforming how we create and consume stories often at lightning speed but the heart of a great story still beats with a human pulse. As businesses and content creators embrace new tech, they face a critical balancing act: leveraging cutting-edge tools to enhance narratives while preserving the emotional core that makes stories meaningful. The timeless appeal of human connections Consider the enduring popularity of the TV series Friends. Thirty years after its 1994 debut,…