Author: Arabian Media staff
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 back to FirstFT Asia. In today’s newsletter: The latest on US-China trade talksPakistan’s military spending spreeWhat Nintendo teaches us about the modern world We start in London, where the US and China have been holding high-stakes talks to end the trade war between the world’s largest economies. Here’s what you need to know.The latest: Washington said the talks were “going well” as…
Stay informed with free updatesSimply sign up to the US financial regulation myFT Digest — delivered directly to your inbox.The US and Switzerland have ended a years-long stalemate over sharing information about client investments, a step that will allow Washington greater visibility into assets held in the European banking hub. The agreement comes amid regulatory examinations of at least eight Swiss companies that do business through a US-regulated entity, said three people with knowledge of the matter. The US Securities and Exchange Commission’s examinations, which included smaller managers as well as larger investment group Vontobel, involved some on-site inspections in…
The tech company’s shares were up 1.5% at the closing bell Tuesday after it unveiled plans for a large-scale, fault-tolerant quantum computer. Source link
The national debt rises when the United States spends more than it earns from taxes and other revenue. Public debt results from tax and spending policies that commonly garner public support, but individuals often worry about how the national debt affects their lives and finances. The U.S. government’s debt exceeded $36 trillion in June 2025, growing in nominal terms and relative to the U.S. gross domestic product (GDP) with a debt-to-GDP ratio of 123%. Key Takeaways The national debt is the aggregate of the federal government’s annual budget deficits, less surpluses.The U.S. government issues government bonds to finance deficits.The U.S.…
While survey results vary, all measures seem to indicate a significant percentage of Americans feel anxious about their ability to retire. For example, according to Northwestern Mutual, 46% of U.S. pre-retirees believe they will not be financially prepared when the time comes. That may not be surprising in the face of longer lifespans, rising costs, and a volatile stock market, but financial security in retirement is still achievable—with the right habits and strategies. Here are 13 practical tips to help you follow a retirement plan that supports the life you want to live. Key Takeaways Keeping track of your finances…
‘I no longer know how to work’: ChatGPT outage causes panic among some employees Source link
A trust lets you hold and pass on property to family and serves at least one of two purposes: It can reduce a family’s taxes by shifting income to members in lower tax brackets, and provide for less fortunate (or more impulsive) members by controlling how their money is disbursed. Trust laws vary by country, so the rules in the U.S. may not apply in Canada. This article looks at how to establish trusts in your estate planning in Canada and how they’re maintained there. Key Takeaways In Canada, estate freezes can make trusts indispensable for modestly successful family businesses.Testamentary…
Other programs under attack include food and medical assistance. Source link
Less than half (40%) of Americans in retirement believe they have saved enough, according to the Schroders’ 2025 U.S. Retirement Survey. However, even if you feel confident about your retirement savings, inflation could take a bite out of them. Once you stop working, you may feel the effects of inflation more since you may be living on a fixed income. In June 2022, the inflation rate in the U.S. peaked at 9.06%. This was the highest level of inflation in over four decades, since inflation hit 14.76% in March 1980. Today, inflation hovers around 2.3%, which is slightly above the…
The videogame retailer’s shares were down more than 5% in extended trading Tuesday. Source link