Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China’s success in snarling global supply chains by stemming the flow of rare earths has piled pressure on Washington and made clear Beijing’s power to weaponise export controls on a wider range of critical goods, analysts and businesspeople say. China dominates the supply chain for key minerals and its commerce ministry started requiring licences for exports of rare earths and related magnets in early April. The slow approval process has rocked global supply chains and given Beijing leverage over the US after…

It is the “ticking time bomb” of financial planning. New retirees in the UK risk seriously misjudging their retirement planning because they underestimate how long they are likely to live after stopping work, a professional services firm has warned.Barnett Waddingham issued the alert based on new analysis of data on people in defined benefit pension schemes, a group that lives slightly longer than average. The study found that at age 65 women on such schemes underestimated their life expectancy — which is 89 — by seven years. Men underestimated their figure — 86 — by four years.Jack Carmichael, an actuary…

A Social Security “war room,” threats to shut the agency, worker buyouts and a restraining order — here’s a timeline of what has taken place so far this year. Source link

When Santa Fe art dealer Forrest Fenn hid a treasure chest in the Rocky Mountains, it set off a phenomenon, inspiring the Netflix documentary, “Gold & Greed: The Hunt for Fenn’s Treasure.” This treasure, estimated to be worth between $1 and $5 million, drew over 300,000 “clue solvers” to embark on a real-world treasure hunt over a decade, poring over maps, studying source material, and risking their lives in pursuit of the treasure. In the summer of 2020, it was finally discovered in Wyoming by Jack Stuef, a 32-year-old medical student, who used the clues to piece together the location…

Shares of Circle surged after its debut as a public company, but the crypto player may face headwinds if the Federal Reserve cuts interest rates further this year. Source link

Private companies are held privately, and they are almost always owned by the people who establish them. While they may have access to private equity, they are generally closed off from the public as they are not listed on stock exchanges. Contrast that with public companies, which are listed on exchanges, giving up a stake to public investors. Companies go through a rigorous process so they can go public. And there are several options that private entities have, including the reverse merger. Key Takeaways A reverse merger occurs when a private company takes over a public company so it can…

If you currently work in the finance industry or have aspirations of doing so, chances are you have heard of a Bloomberg terminal. This Beginner’s Guide to Bloomberg tutorial will introduce you to one of the industry’s most widely used sources for real-time financial information. This guide is aimed at new Bloomberg users and will provide an overview of how to use a Bloomberg terminal. If you are a more experienced user, or if after reading this guide you want to go into more detail on Bloomberg’s capabilities, please be on the lookout for the Advanced Guide to Bloomberg. In this…

Shareholder perks offered by wine companies are on the rise, with a growing number of wine producers rewarding investors not only with potential financial returns but also with discounts on wine, access to exclusive tastings and events, and other nontraditional benefits. Knowing which wine companies offer these kinds of perks isn’t exactly straightforward. The vast majority of wine producers are private companies, especially small—to medium-sized operations, meaning public disclosures are scarce. Even for publicly traded wine companies, information about shareholder perks programs can be hard to find, either hidden in investor relations sections or communicated only directly to shareholders. There…

A finance or business degree is a prerequisite for most jobs in the financial industry, but what if you don’t possess one and want to work in this field? While it is more difficult for someone without a finance degree to secure a job in finance, there’s still hope. Every employer wants smart, committed, and motivated employees who can do the job well. A finance degree will impart skills such as financial modeling and analysis, but may not do much to provide other skills required for success in almost any profession, such as communication, problem solving, and time management. The following…

Understanding Oil and Gas Production Upstream and downstream oil and gas production refers to an oil or gas company’s location in the supply chain. Companies in the oil and gas industry are defined as upstream, downstream, or midstream. Some companies are considered “integrated” because they combine the functions of two or three of these streams. Key Takeaways Upstream and downstream oil and gas production refers to an oil or gas company’s location in the supply chain.Upstream oil and gas production includes identifying, extracting, or producing materials.Downstream oil and gas production includes the post-production of crude oil and natural gas activities.Midstream operations link…