Author: Arabian Media staff
The S&P 500 and gold are both within striking distance of all-time highs — a rare event that leaves investors wondering what exactly is going on. Source link
Stay informed with free updatesSimply sign up to the EU trade myFT Digest — delivered directly to your inbox.The EU has imposed anti-dumping duties on Chinese plywood imports, just a few days after Beijing tried to ease trade tensions between the two.The provisional levies of up to 62.4 per cent follow a surge in imports of hardwood plywood over the past three years that had damaged domestic producers, the European Commission said.The Greenwood Consortium of EU producers, which brought a complaint against Chinese competitors last year, said it welcomed the move but argued for “definitive duties to be even higher…
Javier Milei’s free-market reforms have put him on a collision course with Argentina’s icy, protectionist outpost near Antarctica, as the president rethinks a decades-old project to promote sovereignty in the south Atlantic through industry.Tierra del Fuego province, on an island at the southern tip of the Americas that is split between Argentina and Chile, is the biggest beneficiary of elaborate trade barriers and subsidies that Argentine governments have used to shield local industry.A special economic regime has drawn most of the country’s electronics manufacturing to the remote area, swelling its population from just 13,000 in the 1970s to 185,000.Leftwing supporters…
Uber on Tuesday said it was launching a self-driving pilot in London, which it said was the largest market it’s targeted. Source link
Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.The European Commission is to propose lowering the Russian oil price cap and banning the use of Nord Stream infrastructure as part of a fresh round of sanctions against Moscow.The commission is due to present its 18th package of sanctions against Moscow later on Tuesday, as part of efforts to ratchet up pressure on Russia amid stalled peace negotiations with Ukraine.According to three people familiar with the proposal, the package will include lowering the existing oil price cap from $60 to…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US said talks with China were “going well” as the two sides resumed efforts in London to end a trade war between the world’s largest economies. The delegations arrived at Lancaster House, a UK government building in the centre of the city, just after 10.30am, on Tuesday with US commerce secretary Howard Lutnick saying that the discussions would go deep into the day. “We’ve been [talking] all day yesterday and we expect to go all day today. The talks are going…
Image credit: Dubai Media Office/X account Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, marked a significant milestone in Dubai’s public transportation development by attending the foundation stone laying ceremony of the Dubai Metro Blue Line. Read-Dubai Metro Blue Line: Inside the world’s tallest metro station Spanning 30 kilometres with 14 new stations, the Blue Line will transform mobility across nine key districts projected to accommodate over one million residents by 2040, in line with the Dubai 2040 Urban Master Plan. Growth of Dubai Metro ridership and infrastructure Since its…
Stay informed with free updatesSimply sign up to the Automobiles myFT Digest — delivered directly to your inbox.Toyota and Germany’s Daimler Truck have finalised an estimated $6.4bn merger of their heavy goods vehicle businesses in Japan in response to growing competition from Chinese rivals racing ahead on electrification and autonomous driving technology.The deal brings together Toyota unit Hino Motors with Daimler Truck subsidiary Mitsubishi Fuso Truck and Bus. It creates a Japanese commercial vehicle powerhouse that sells more than 200,000 units annually and has greater scale to invest in hydrogen trucks and buses.The merger comes as the global commercial vehicle…
Kristina Hooper, chief market strategist at hedge-fund manager Man Group, crunched the numbers on V-shaped stock-market recoveries. Source link
Following the rapid success of its debut tokenised property — funded in under 24 hours — PRYPCO Mint has announced the launch of its second fractional real estate listing, set to go live on June 11. The move marks another major step in Dubai’s push to redefine global property investment through blockchain-backed innovation. The new listing features a one-bedroom apartment in Kensington Waters, Mohammed Bin Rashid City, with a total valuation of Dhs1.5m. Offered at a discount to its estimated market value of Dhs1.875m, the listing provides investors with immediate equity. Fractional ownership begins from Dhs2,000, reinforcing PRYPCO Mint’s commitment…