Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.When one has manoeuvred oneself into a corner, frantic wriggling only causes further scrapes. That could reasonably describe the predicament of Thames Water. News that private equity group KKR has pulled out of a plan to provide it with £4bn in fresh equity highlights just how hard pursuing a market-based solution is for the embattled UK utility. In theory, it is possible to make Thames Water investable — just about. It currently has about £20bn of regulated assets and £18bn of debt.…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Artificial intelligence start-up Cohere is seeking to raise more than $500mn in new funding, aiming to catch up in the hugely expensive race to build cutting-edge AI models alongside rivals such as OpenAI, Google and Anthropic. The Canadian start-up is targeting a valuation of above $5.5bn, according to two people with knowledge of the discussions, broadly similar to the price tag it received from its previous funding round last year. Another person with direct knowledge of the discussions said the figure could reach…
This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. When it comes to European political instability, it never rains but it pours: Far-right leader Geert Wilders brought down the Dutch government yesterday, turning its Prime Minister Dick Schoof into a caretaker premier. Our Netherlands correspondent explains what it all means in this analysis.Today, we preview this afternoon’s trade war showdown in Paris between the EU and US’s…
Image: Supplied Al Ain Farms began not as a commercial venture, but as a visionary response to a national need. In 1981, with just 200 cows, the late Sheikh Zayed bin Sultan Al Nahyan — the UAE’s Founding Father — planted the seeds of what would become the country’s modern food security movement. Sheikh Zayed’s vision was clear: to build a homegrown source of “nourishment” for the people of the UAE, ensuring access to fresh, local food and dairy in a land where little grew naturally. What started as a small dairy farm has since evolved into a symbol of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Quant group AQR Capital Management is embracing artificial intelligence and machine learning techniques for trading decisions, ending years of reticence from one of the sector’s historic holdouts.The Connecticut-based hedge fund that has $136bn under management, has “surrendered more to the machines” after years of experiments, its founder Cliff Asness told the Financial Times. “When you turn yourself over to the machine you obviously let data speak more,” he said.All quantitative hedge funds — including Two Sigma, Man Group’s AHL division and Sir…
Image: Dubai Media Office The Dubai Event Security Committee (ESC) has confirmed its preparedness to ensure a safe Eid Al Adha holiday, unveiling a comprehensive security and transportation plan for the festive period. Major General Saif Muhair Al Mazroui, acting commandant assistant for Operations Affairs and Acting Chairperson of the ESC, said the plan includes securing all mosques and large prayer grounds, deploying traffic and security patrols, and working in coordination with the Roads and Transport Authority (RTA) to ease congestion and maintain smooth traffic flow. The security measures include 34 marine security boats, two helicopters, 139 ambulatory points, five…
As researchers burrow into our brains, our inner lives may no longer be ours alone Source link
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 hereToday’s agenda: Musk-Trump rift; German corporate tax break plan; Gaza update; Italy’s citizenship vote; and Geert Wilders’ gambleGood morning. US tariffs of 50 per cent on steel and aluminium have come into force, after Donald Trump escalated his global trade war with an executive order yesterday. Here’s what you need to know.What this means: The new tariffs, which took effect shortly after midnight eastern time (4am…
In this monthly series, running alongside our existing Tech Exchange dialogues, FT journalists talk to the scientists, developers and business leaders exploring ever more applications for artificial intelligence, in every aspect of our lives Source link
Image: DMO/ Emirates SkyCargo Emirates SkyCargo, the cargo division of Emirates airline, has launched a specialised product named Aircraft Engines, designed to transport one of aviation’s most critical and high-value components. The service falls under a newly introduced vertical, Aerospace and Engineering, focused on providing high-precision logistics solutions to the aerospace, defence, and space sectors. “Moving highly specialised items is always an exciting challenge, and, having significantly invested in building world-class infrastructure across our network, it’s a challenge that we are ready to meet,” said Badr Abbas, DSVP of Emirates SkyCargo. “Harnessing the technical expertise of our team, our proprietary…