Author: Arabian Media staff

Image courtesy : Getty Images In a positive sign for the labour market, employment growth reached its highest level in the UAE in a year, as businesses expanded their workforce to meet rising workloads, according to the latest data from the S&P Global UAE Purchasing Managers’ Index (PMI). This increase in staffing came even as the pace of backlog accumulation softened, according to S&P. Hiring activity was supported by a continued increase in new orders, although many firms appeared to be balancing expansion with caution as broader economic conditions showed signs of moderating. Read-Rising insurance premiums reshape UAE consumer spending, NIQ report shows…

Blackstone, Apollo and KKR. Although they have similar origins, these three top private capital groups are moving in different directions amid tumultuous markets. What do these approaches look like? And will they hold up in a potential downturn? The FT’s Antoine Gara, US private equity and deals editor, breaks down each approach and who’s most likely to perform best in the future.- – – – – – – – – – – – – – – – – – – – – – – – – – For further reading:How Blackstone and its biggest rivals are drifting apart Should ordinary…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The executive leading Lloyds Banking Group’s push to grow its “mass affluent” division is leaving the bank after more than a decade, less than two weeks after the launch of a “premier” service that she called a “game changer”. Lloyds told employees on Tuesday that Jo Harris would be leaving her job as chief executive of the division, which focuses on customers with roughly £100,000 to £1mn of investible assets, according to people familiar with the matter. Harris, who sits on the group’s…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has described Xi Jinping as “extremely hard to make a deal with” as the two countries face off over claims from the US that China is reneging on a trade truce signed in Geneva last month. “I like President Xi of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!” the US president said on his Truth Social platform.It was not immediately clear if Trump’s comments were in…

The Swiss government on Friday will lay out its long-awaited reforms to the country’s bank capital rules, and the centrepiece proposal will affect just one company: UBS. Switzerland’s Federal Council and financial regulators have been at loggerheads with the country’s largest lender — and most systemically important company — since last year when they proposed strengthening the country’s banking system in the wake of Credit Suisse’s demise.The uncertainty has weighed on UBS’s share price, with the stock falling 3 per cent over the past year, while the Euro Stoxx Banks index, which tracks the biggest lenders in the Eurozone, has…

Plus, how private equity’s big three diverged and quant fund titan Cliff Asness on how he’s embraced AI Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.We’re a middle-aged couple with three children and a heavily US-focused investment portfolio. How can we better diversify our holdings to reduce geographic risk?Neil Wilson, investor strategist at Saxo UK, says it’s a common concern we hear from clients. As a multi-asset broker, diversification is in our DNA, so we consistently emphasise its importance. Many portfolios have become heavily overweight US equities because returns from the US have been strong for many years. But reliance on the US is no longer a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Russia’s war on Ukraine has thrown up a particular challenge for the defence industry: why use highly expensive missiles to take down cheap drones, especially when there might be hundreds of them?Military chiefs and politicians across Europe have acknowledged the new nature of warfare coming out of Ukraine. “The war in Ukraine is a strange combination of old-fashioned World War 1-World War 2 trench tactics, and a new kind of warfare using drones,” says Anders Fogh Rasmussen, the former head of Nato.That…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Singapore’s Temasek is drastically reducing its investments in early-stage companies, because of interest rate rises and following some embarrassing blow-ups for the state-owned fund.Temasek, one of the world’s biggest investors, has become more bearish on high-risk unlisted companies, believing it is harder for them to go public, according to people with knowledge of the group’s investment strategy.The change in approach comes after it wrote down hundreds of millions of dollars on a spate of collapsed start-ups, including the crypto exchange FTX, where…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US sports billionaire Arthur Blank has said he hopes that geopolitical tensions will “settle down” before next year’s football World Cup, paving the way for a successful tournament that will grow the sport in the US.The build-up to Fifa’s World Cup, which will be held in the US for the second time in June 2026, comes as President Donald Trump’s tariffs and aggressive stance on immigration have caused some groups to question the US’s suitability to hold the tournament. Trump has also…