Author: Arabian Media staff

When artificial-intelligence agents help you shop, are they following your wishes or shaping them? Source link

Bank of Singapore’s head of private banking for Europe and the Middle East, Ranjit Khanna. Late one May evening, the Burj Khalifa’s LED façade burst into red and white.  The world’s tallest tower was celebrating 40 years of bilateral trade between Singapore and the UAE, its pin-sharp stripes forming the flag of the Lion City.  From an apartment a few streets away, Ranjit Khanna – head of private banking for Bank of Singapore in the Middle East and Europe – watched, phone in hand, capturing the moment. It was, he says, “so wonderful” to see the city he now calls…

Avoiding deep cuts to America’s social safety net while reducing red ink would show global markets that the U.S. deserves their investment. Source link

Apple hasn’t spent enough on AI infrastructure and risks falling behind as rivals get more creative with their devices. Source link

Wise PLC is moving its primary listing from London to the U.S. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mass surveillance. Pandemic tracking. Predictive policing. Insurrection detection. Drug testing. Political lobbying. AI deployment. NHS restructuring. Employee snooping. Vaccine rollouts. Spac investment. Referencing Tolkien. It’s hard to avoid priors with Palantir. To do no more than list its activities can make a person sound like a crank and/or co-founder. That’s why a recent note from Trivariate Research caught our attention. A boutique founded by former hedge fund manager and Morgan Stanley chief US equity strategist Adam Parker, Trivariate rarely does single stocks.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Kimberly-Clark is spinning off Kleenex and other products in its tissue unit outside the US into a $3bn joint venture and selling a majority stake to Brazilian pulp manufacturer Suzano.The São Paulo-listed group, which is the world’s largest pulp producer, said it would pay $1.7bn for a 51 per cent stake in the unit, which will also make products such as Andrex toilet paper, napkins and paper towels across Europe, Asia, the Middle East, Latin America, Africa and Oceania.Kimberly-Clark, the supplier of…

The bond market is getting a lot of attention as the U.S. wrestles with its debt ceiling and Congress works on passing a tax-and-spending bill. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK financial regulator has warned that a compensation scheme for customers who were mis-sold car finance must avoid destabilising the industry, damping expectations of a record payout.Companies should not be put out of business by paying out huge sums to customers, the Financial Conduct Authority said on Thursday, outlining its plans for a possible redress scheme.“If many firms were to go out of business or withdraw from the market, this could . . . make it more expensive for consumers to borrow money to buy…

Retail investors took a victory lap after their successful April buy-the-dip move, but analysts and strategists worry they are about to run into trouble. Source link