Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A former Janus Henderson analyst and his associates were part of a “secret trading club” driven by greed that used insider information to earn profits of nearly £1mn, a London court has heard.Redinel Korfuzi fed “wall-crossed” information gleaned from his job about companies, including Daimler and Jet2, to his sister and friends, the prosecution told the jury during its closing speech at Southwark Crown Court on Tuesday as the three-month criminal trial neared its conclusion.The group were motivated by “greed, plain and…
“I don’t want to upset her while she’s living. Stress makes her condition worse.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A bitter fight over alleged corporate espionage involving two of Silicon Valley’s hottest start-ups took a new twist on Tuesday, after $12bn HR software company Deel claimed arch-rival Rippling had directed one of its employees to “pilfer” the company’s assets by posing as a customer.The latest claim comes after Rippling alleged earlier this year that a staff member had been spying on behalf of Deel. The employee locked themselves into a bathroom and smashed their phone with an axe when confronted with…
Stay informed with free updatesSimply sign up to the Capital markets myFT Digest — delivered directly to your inbox.Traditional Chinese medicine is so hot right now:Regencell is a Hong Kong-based/Cayman Islands-incorporated/Nasdaq-listed “early-stage” bioscience company that develops herb-based treatments for ADHD and autism spectrum disorder. Net losses reached $4.36mn and $6.06mn in the fiscal years ended June 30 2024 and 2023. But a frankly stupid surge over the past 30-odd days means the company is now valued at about $9.7bn — somewhere between Jefferies and Walgreens — having hit $11.4bn on Friday.Two things might explain Regencell’s roughly 15,000 per cent gain this year:…
Tech giant Meta announced a 20-year agreement with Constellation Energy for nuclear power to support its AI development. Source link
Stay informed with free updatesSimply sign up to the UK banks myFT Digest — delivered directly to your inbox.The governor of the Bank of England has defended the ringfencing rules that force UK lenders to separate their retail operations from other activities, saying that scrapping them would make mortgages and other loans more expensive.Andrew Bailey said in a letter to the influential Treasury select committee, published on Tuesday, that bank bosses were wrong to argue that ringfencing hampered their ability to lend to UK households and smaller businesses.“Removing the ringfence would most likely have a negative effect on UK lending,…
This is an on-site version of the White House Watch newsletter. You can read the previous edition here. Sign up for free here to get it on Tuesdays and Thursdays. Email us at whitehousewatch@ft.comHello and welcome to White House Watch! Today let’s dig into:A downgrade for US growth Trade tensions with ChinaTrump vs the Federalist SocietyThe OECD said this morning that it was slashing its growth forecast for the US, as it warned that President Donald Trump’s trade war will sap momentum from most major economies. The global economy as a whole is heading into its weakest period of growth since the Covid-19…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK chancellor Rachel Reeves has signed off plans to spend billions of pounds on a new railway line between Manchester and Liverpool and other urban transport upgrades as part of next week’s government spending review.The transport plan, part of a £113bn investment in capital projects over the rest of the parliament, will be billed as evidence that the chancellor has a strategy for boosting growth outside London and the south-east.Reeves settled the Department for Transport’s multiyear budget on Monday, according to government…
Image credit: WAM/ Website The UAE Ministry of Human Resources and Emiratisation (MoHRE) has announced the implementation of the Midday Break, which prohibits work under direct sunlight and in open-air spaces between 12:30pm and 3:00pm, from June 15 to September 15, 2025. Read-Dubai Introduces new resolution to regulate free zone operations Now in its 21st consecutive year, the Midday Break reflects the UAE’s sustainability-driven approach and commitment to providing a safe working environment. It aligns with international best practices and occupational health and safety standards, protecting workers from injuries and illnesses caused by high summer temperatures, a WAM report said.…
For American investors and homeowners, the message is crystal clear: prepare for higher interest rates. Source link