Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A jury convicted Harvey Weinstein of one sexual assault charge but acquitted him of another, delivering a split verdict in his retrial on sexual assault accusations spanning his career as a Hollywood producer. The jurors have not yet reached a decision on a third charge, of rape, against the former Miramax studio chief.The verdict is the latest in a number of twists in Weinstein’s case since he became the flashpoint for the global #MeToo movement nearly a decade ago.The retrial began in…

Israel and South Korea are the world’s leading spenders on research and development (R&D) as a percentage of gross domestic product (GDP). In pure dollar terms, however, the United States is consistently the largest spender on R&D. Let’s take a look at which other countries are the highest spenders in R&D and how they invest their spending. It’s important to note that there can be many criteria to evaluate R&D spend. In this article, we’ll primarily look at R&D spending compared to a country’s GDP. Key Takeaways Israel and South Korea lead global R&D spending as a percentage of GDP,…

GameStop said it plans to raise more debt — a move that could indicate another bitcoin purchase is looming for the videogame retailer and original meme stock. Source link

This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereGood morning and welcome to FirstFT Asia. In today’s newsletter:We start in the US, where the Pentagon has launched a review of the 2021 Aukus nuclear submarine deal with the UK and Australia. The US will determine whether it should scrap the project, throwing the security pact into doubt at a time of heightened tension with China.What to know about Aukus: Australia and Britain are due…

The average median monthly housing cost is increasing for homeowners, even as the price tag on homes has declined, according to the most recent month-over-month data analyzed by Investopedia. One factor behind the trend? Rising interest rates.  Key Takeaways Median monthly housing cost rose to $2,412 in May, up $16 from AprilThe Investopedia Home Affordability Index slipped to 0.86Household income needed to afford a median-priced home rose to $8,040 per monthThe affordability gap widened to $1,094, the largest since January The median monthly housing cost for homeowners rose $16 to $2,412 in May, up from April’s reading of $2,396, according…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe US Environmental Protection Agency has begun to dismantle rules restricting pollution from power plants as Donald Trump takes aim at green regulations imposed by his predecessor Joe Biden.The EPA on Wednesday proposed repealing two Biden-era regulations that limit emissions of carbon dioxide and other pollutants from fossil fuel-fired power plants as part of Trump’s US “energy dominance” agenda.Lee Zeldin, EPA administrator, criticised the existing rules for “regulating coal, oil and gas out of existence” and said that by rolling…

When a new U.S. president takes office in January, they inherit the federal budget and deficit set by their predecessor, since the federal fiscal year begins on October 1 and ends on September 30. As a result, the early budget figures under a new administration often reflect the policies of the previous one. Nearly every U.S. president in the past 50 years has presided over a record budget deficit at some point during their tenure. Let’s take a look at the largest deficits over this time. Key Takeaways As of June 2025, the United States annual national deficit is $1.36…

Many investors wish they could have bought and held shares of massively successful stocks like Apple, Microsoft and Nvidia from the day they went public. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Oracle shares jumped following an upbeat forecast on Wednesday when it said its pipeline of cloud computing contracts would more than double next year. Shares in the company rose nearly 8 per cent in after-hours trading in New York as the tech company reported fiscal fourth-quarter revenue rose 11 per cent to $15.9bn, broadly in line with analysts’ expectation of $15.8bn. Chief executive Safra Catz said the company’s cloud infrastructure business was expected to grow more than 70 per cent in the…

Imperfect market outcomes are corrected through a reallocation of resources or a change in the incentive structure. Economists have varying opinions about the nature of market failures and what if any measures should be taken to prevent or correct them. Key Takeaways A market failure occurs when there’s an inefficient distribution of goods and services that leads to a lack of equilibrium in a free market.The law of supply and demand is intended to lead to an equilibrium in prices and it indicates that a factor in the market has failed when it doesn’t do so.Market failure can be caused…