Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK consumers must “get to grips” with their pensions or end up failing to save enough to fund their retirement, industry figures have warned.Only one-third of UK savers feel confident they can afford to retire, according to a survey by financial services company Hargreaves Lansdown.At the same time, less than 40 per cent feared they had failed to set enough money aside, while 26 per cent were unsure. “Many of us contribute to our pensions every month, but don’t really think about…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.For a brief moment in the late 2010s, Monzo managed the seemingly impossible: it made a bank seem cool. For a certain subset of tech-literate young Britons, pulling out a “hot coral”-coloured Monzo debit card became a gesture of status.A decade on from its launch, Monzo says its customers “don’t just like, but love” the company. But it has yet to solve one of the biggest challenges facing many fintechs — convincing those lovers to break up with their other banks.Bank customers…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Fnac-Darty is on the hunt for deals, its chief executive said, as the electronics retailer looks to increase its market share in Europe and expand customer services. Enrique Martinez said the Paris-headquartered company was on the lookout for opportunities in consumer and business services, or industry consolidation deals, 12 months after it bought Italy’s Unieuro.Fnac-Darty sells products such as mobile phones, laptops and household appliances — plus related support services — in several European markets, including France and Spain, plus parts of Africa…
Image credit: Getty Images Abu Dhabi’s luxury and branded real estate market is witnessing unprecedented growth in 2025, with branded residence launches quadrupling compared to the previous year, according to Metropolitan Capital Real Estate (MCRE), a real estate agency in Abu Dhabi. Read-Five emirates, Dh239bn: UAE real estate rockets in early 2025 The surge is being driven by increasing demand from high-net-worth individuals (HNWIs), international investors, and long-term residents. The market has already recorded Dhs6.3bn in luxury property transactions—valued at Dhs7m and above—within the first four months of the year, representing a 5 per cent year-on-year increase. Over half of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.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. The World Bank’s latest economic outlook, out yesterday, further downgraded global growth to 2.3 per cent this year — the weakest performance in 17 years, with pain felt most acutely in developing economies. The leading cause: trade disruptions, specifically Donald Trump’s tariffs. Disagree? Email us: unhedged@ft.com.The…
Image: WAM Post the Eid Al Adha weekend, UAE residents can still look forward to several upcoming public holidays before the end of 2025. The Eid break, observed from Thursday to Sunday (June 5–8), gave employees a four-day weekend, with the workweek resuming on Monday, June 9. The next public holiday is likely to be Islamic (Hijri) New Year, which marks the start of Muharram, the first month of the Islamic lunar calendar. Based on current astronomical projections, the date is expected to fall on Thursday, June 26. Next UAE public holiday in 2025: Possible long weekend in June However,…
Largest single severance payment of €11.2mn in pool split between 2,100 staff at seven banks since 2018 Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Private market funds have underperformed large-cap US stocks over commonly measured time horizons for the first time in nearly a quarter of a century, as a slowdown in private equity dealmaking activity hampers the sector’s returns.State Street’s private equity index — which tracks returns from private equity, private debt and venture capital funds — delivered a 7.08 per cent return last year, compared with a 25.02 per cent total return for Wall Street’s blue-chip S&P 500 index.The data shows that the S&P…
Reducing disclosure of C-suite packages under the guise of cutting red tape carries risks Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Scania wants to form a consortium to buy Northvolt’s research laboratory to retain critical battery expertise in Europe, the Swedish truck company’s boss has said.Christian Levin told the Financial Times that Scania was in talks with other investors including the Swedish government and European Commission to buy Northvolt Labs, the beleaguered Swedish battery maker’s R&D department, out of bankruptcy.“We are trying to form a consortium [that] would part-finance that but we cannot do that alone, it’s simply too much even for a…