Author: Arabian Media staff
Dominic Raab, the former UK Deputy Prime Minister and Foreign Secretary. Amidst the slew of deals announced during President Trump’s Middle East visit in May, none was more important for US economic policy than the agreement to collaborate with Saudi Arabia on establishing new supply chains for critical minerals. Read more: Trump’s Saudi Arabia visit unlocks $600bn in investment deals Critical minerals are the bedrock of the modern global economy. From smartphones in our pockets to electric vehicles on our roads, and the renewable energy systems powering a cleaner future, critical minerals underpin the technologies that will define the 21st…
The 2025 ranking reveals two main trends: the prevalence of fintechs and the outsized performance of the continent’s two biggest economies — Nigeria and South Africa. Plus a Rwanda-based microfinance start-up helps a boatmaker in South Sudan and how Covid helped turn one entrepreneur’s dream into reality Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a professor emeritus at the Stern School of Business at New York University and senior economic strategist at Hudson Bay Capital The rise in long-term rates around the world is worrying finance ministries and Treasury departments. Higher rates not only make servicing the rising public and private debt burdens more costly, but also put economic growth at risk. Independent central banks are reluctant to intervene by resuming past quantitative programmes of buying long-term bonds, or even cutting benchmark policy rates…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldUS President Donald Trump’s trade war presents an even tougher challenge for emerging market policymakers than the Covid-19 crisis five years ago, a top official at the IMF has warned.Gita Gopinath, the fund’s first deputy managing director, said the unpredictable impact of tariffs on developing economies and global markets would make it particularly difficult for central bankers to support their economies.In the early stages of the pandemic “central banks everywhere were moving in the same direction in the sense of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Indonesia has introduced $1.5bn of stimulus measures to boost consumer spending, hoping to counter slowing growth as falling commodity prices and trade concerns hit south-east Asia’s largest economy. Starting Thursday, Indonesia will provide discounts on transportation fares and wage subsidies for millions of households for two months. It is also offering toll road discounts and additional social aid for the most vulnerable, as part of the stimulus package expected to cost Rp24.44tn ($1.5bn). Finance minister Sri Mulyani Indrawati said the measures were intended…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The recent surge in diagnoses and prescriptions for attention deficit hyperactivity disorder reflects more public awareness of the condition rather than a real increase in prevalence, according to a research review. Researchers at the Institute of Psychiatry, Psychology & Neuroscience at King’s College London analysed 40 studies undertaken since January 2020 in the first systematic review of global ADHD research since the Covid-19 pandemic.“We found that ADHD prevalence in adults and children has remained largely stable since 2020 . . . but most of the research…
Stay informed with free updatesSimply sign up to the Pensions industry myFT Digest — delivered directly to your inbox.Ministers will unveil a sweeping overhaul of Britain’s pensions system on Thursday aimed at unpicking problems created by previous rules and boosting the retirement savings of millions of people. The pensions bill will cover six areas of reform and include a “reserve” power to force pension schemes to invest more in the UK if they fail to meet a voluntary commitment.One of the most notable features of the bill — announced in the King’s Speech last July and the first since 2021…
Shares of PVH Corp. fell after hours on Wednesday after the Calvin Klein and Tommy Hilfiger parent cut its full-year profit outlook, citing the impact of tariffs on shipments heading into the U.S. Source link
Stay informed with free updatesSimply sign up to the US companies myFT Digest — delivered directly to your inbox.The US justice department has struck a deal with Boeing that allows the plane maker to avoid prosecution for defrauding aviation regulators, provided a federal judge approves the agreement, according to a securities filing.The deal, signed by the two parties last week and detailed in a filing to the US Securities and Exchange Commission on Wednesday, confirms terms laid out in a tentative agreement submitted in court by the justice department last month. It allows Boeing to withdraw an earlier guilty plea,…
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 to FirstFT Asia. In today’s newsletter: Apple’s AI rollout in China held up by BeijingSouth Korea’s new president takes chargeShareholders lambast $33bn take-private of Toyota subsidiaryApple’s rollout of artificial intelligence services in China with Alibaba is being held up by a Beijing regulator, as the tech partnership becomes the latest casualty of Donald Trump’s trade war. Here’s what you need to know.What’s…