Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.WPP chief executive Mark Read is standing down from the UK’s largest advertising group as it struggles with a near five-year low in its share price and industry-wide upheaval caused by artificial intelligence.Read’s exit will end a more than 30-year career at WPP and leaves it looking for a new chief executive during one of the most turbulent periods ever for the industry. He will continue as chief executive until the end of the year while the board starts the search for…
Good morning. On Friday, the May jobs report came in much better than feared. The US private sector added 139,000 jobs and the unemployment rate held steady at 4.2 per cent. There were soft spots, including downward revisions for March and April. But broadly speaking, this was a good report. The US stock market approved, rising 1 per cent on Friday. The Fed looks set to hold rates steady for a while longer — despite the president’s demands. Email us: unhedged@ft.com. TeslaEveryone saw it coming. When Donald Trump and Elon Musk made their pact ahead of the 2024 election, it was…
Two brothers are competing for the prize of running the family business behind RTL and Penguin Random House Source link
British manufacturers have long complained that high electricity prices make it hard for them to compete with rivals in Europe, the US and China, putting domestic jobs at risk. As ministers draw up a new industrial strategy, businesses ranging from steel to petrochemicals say addressing electricity costs must be a priority. How high are the UK’s industrial electricity prices? Industrial consumers in the UK faced an average price of £258 per megawatt-hour including taxes in 2023, according to the latest available data published by the UK government based on figures from the International Energy Agency.That is the highest rate of any country…
Image: RTA/ X Dubai’s Roads and Transport Authority (RTA) has launched a comprehensive set of traffic enhancements across 40 key locations in the emirate, with work scheduled between June and September 2025, the authority announced. The programme, timed to coincide with the summer holiday to minimise disruption, aims to improve traffic flow, road safety, and connectivity amid Dubai’s continued urban expansion and economic growth. The upgrades will span 22 major streets, nine school zones, over five development areas and internal roads in Tolerance District, Al Khawaneej 2, and Nad Al Sheba. The primary goal is to improve journey times, road…
Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here.Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com One scoop to start: BlueCrest Capital Management, the hedge fund turned family office founded by billionaire Michael Platt, has gained more than 28 per cent this year after betting on a weakening US dollar.And one podcast: In the latest episode of Behind the Money,…
Stay informed with free updatesSimply sign up to the Private equity myFT Digest — delivered directly to your inbox.Hedge funds are circling more than a dozen distressed companies in France, as a string of economic shocks pushes growing numbers of businesses towards painful restructurings.Restructuring advisers and distressed debt investors said they were monitoring struggling mid and large-cap companies, often owned by private equity groups.Two of EQT’s portfolio companies, care home provider Colisée and lab operator Cerba, are either restructuring their debt or at risk of doing so. Partners Group’s real estate services business Emeria and Apollo’s payments operator Ingenico are…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.When the Venta Maersk, a ship owned by Denmark’s AP Møller-Maersk, set sail in 2018 from Vladivostok in the far east of Russia towards St Petersburg in the west, the voyage was reported as a harbinger of things to come. It was the first container ship to head for Europe from Asia via the Northern Sea Route, through the Arctic Ocean, instead of the Suez Canal. It was speculated that, as Arctic temperatures rose and sea ice cover fell, the time and…
Image: Supplied The year is 2029, and vertical farming has become a symbol of national resilience in the Middle East. Governments had have poured billions into hydroponic megafarms. Food security indices have climbed and export deals rolled in. The region has also been hailed globally as a pioneer of agricultural innovation – a place where technology had triumphed over land scarcity and climate stress. And then it all collapses. A fungal microbe, exploiting the genetic uniformity of hydroponic crops, mutated in a single facility, sweeps through the region’s interconnected systems. Within six weeks, 40 per cent of regional crop output…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Politicians on both sides of the Atlantic are hell-bent on steering more pension money into private markets. The Trump administration is considering an order that would open up American employees access to private markets through their 401k pension plans. This would give Main Street an entrée into a high risk adventure playground that has hitherto been the preserve of Wall Street and big professional investors.Continental European regulators have been relaxing liquidity rules and price caps in defined contribution pension schemes. And in…