Author: Arabian Media staff
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Yesterday the US and China announced that they have agreed to a framework to restore a trade-war truce. The details are sparse, but it appears that there will be concessions from China on rare earths and magnets, and the US will soften some technology export controls and visa restrictions. The market did not get excited: the S&P 500 finished the day down 0.3 per…
Airbus, Thales and Leonardo’s hopes of forging a new European space champion faces a near three-year wait, raising questions over the continent’s ability to compete in a rapidly evolving sector upended by Elon Musk’s SpaceX.Talks between the European aerospace group and the French and Italian companies started last year about merging their space operations into a jointly held company spanning satellite making, space systems and services. They estimate the combination would have revenues of about €5bn a year, according to a recent French parliamentary report.But several people close to the talks told the Financial Times that if agreement was reached…
This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. News to start: The EU plans to target two Chinese banks for facilitating illegal trade with Russia under its new Moscow sanctions, officials told us, in what would be the first move against third-country lenders as part of Brussels’ crackdown on sanctions evasion.Here, our Rome bureau chief previews today’s meeting between Mark Rutte and Giorgia Meloni, and our…
Image credit: Getty Images Apple on June 9 unveiled new features for AirPods 4, AirPods 4 with Active Noise Cancellation (ANC), and AirPods Pro 2, introducing studio-quality audio recording and remote camera controls designed to elevate content creation and communication. The latest updates allow users to capture high-quality vocals on the go, even in noisy environments, thanks to enhanced Voice Isolation and beamforming microphones, an Apple newsroom report said. Read-Liquid Glass to iOS 26: Apple’s WWDC 2025 previews new Creators, including podcasters, interviewers, and musicians, can now record clearer, more natural-sounding audio directly through their AirPods, leveraging Apple’s H2 chip…
Stay informed with free updatesSimply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox.BYD has launched its cheapest and smallest electric vehicle in the UK, as it takes Chinese carmakers’ battle to win on price in Europe into the compact car segment.The Dolphin Surf, with a starting price of £18,650, is the British equivalent of BYD’s popular Seagull hatchback. That model is offered at less than a third of the UK price — below £6,000 — in China, following a recent round of discounting amid a price war in the world’s largest car market.“Compact cars…
Image: Getty Images/ For illustrative purposes The European Commission has proposed removing the UAE from its list of high-risk countries for money laundering and terrorist financing, while adding Algeria and Lebanon along with eight other jurisdictions, according to a statement published by the commission. Under the delegated regulation update, which may take effect within a month unless blocked by EU member states or the European Parliament, the UAE will be delisted alongside Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda. In contrast, Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela will be classified as high-risk…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This latest annual listing of Europe’s leading patent law firms is based on recommendations by clients and peers, as compiled by the FT’s research partner Statista. A total of 215 recommended firms offering the services of patent attorneys feature in the overall list, sorted in alphabetical order in the main table below (use the arrow buttons at the top of the columns to sort by name or country). Firms that were especially recommended for their services in six areas of industrial expertise…
The Pentagon has launched a review of the 2021 Aukus submarine deal with the UK and Australia, Donald Trump has said the US and China’s deal to restore their trade war truce is “done”, and US inflation rose less than expected to 2.4 per cent in May. Plus, European governments are braced for high-stakes negotiations with Trump that will put the continent’s defence, economy and security on the line. Mentioned in this podcast:Pentagon launches review of Aukus nuclear submarine dealDonald Trump says US-China deal ‘done’ as two sides restore trade war truceUS inflation rose less than expected to 2.4% in…
Image: Getty Images/ For illustrative purposes Retail, as we know it, is on the cusp of a dramatic transformation. In their latest report, he Future of Retail: Six Disruptions That Could Shape the Next Decade, Bain & Company lays out disruptive forces that could reshape the global retail industry over the next decade. From AI taking over core operations to grocers turning into consumer goods brands, the future is filled with both exhilarating opportunity and existential threat. Here’s a list that reflects what lies ahead—and why retailers need to act now. Robots and algorithms will run the show AI isn’t…
Starbucks is planning to hire more baristas, in a costly gambit to re-establish a personal connection with customers put off by long queues and poor service.Brian Niccol, chief executive, on Wednesday promised an arena full of 14,000 store managers in Las Vegas that “the biggest human capital investment in connection in the history of Starbucks is about to happen”. His pledge was endorsed on stage by Howard Schultz, the revered former chief who built Starbucks into the world’s biggest coffee shop chain. Niccol was hired last year to turn around Starbucks after a sharp decline in sales. He has christened his…