Author: Arabian Media staff
This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning, and welcome back to Energy Source, coming to you from London.Today we are going to unpack what has been going on within the cloistered ranks of the Organisation of the Petroleum Exporting Countries, better known as Opec. After three years of cutting output to support prices, the producer group has thrown in the towel and appears to be racing to bring back supply.On…
Investors want to be compensated for the risk of holding longer-term bonds, says BlackRock. Source link
Dollar General’s quarterly earnings beat on all the key metrics and the full-year outlook was raised, even as tariffs could continue to pressure its core customers. Source link
Stay informed with free updatesSimply sign up to the Pharmaceuticals sector myFT Digest — delivered directly to your inbox.US telemedicine platform Hims & Hers is exploring offering replica obesity medicines in the UK and Europe, hoping to offer patients a cheaper and more personalised way to take weight loss drugs. Andrew Dudum, Hims chief executive, said there was a “huge opportunity” in obesity as he announced the acquisition of European rival Zava, which already sells some weight-loss treatments. London-based Zava has more than 1.3mn patients a year split between the UK, Ireland, Germany and France. The acquisition, for an undisclosed sum,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.British American Tobacco expects to return to profit growth in the US for the first time in three years by mid-2025, saying demand for nicotine pouches had boosted sales. The maker of Lucky Strike and Dunhill cigarettes increased its annual revenue growth target to between 1 and 2 per cent, from a previous 1 per cent target, forecasting strong sales in its “modern oral” category, which includes the pouches.Chief executive Tadeu Marroco said that the company had had “a very good response”…
This article is an on-site version of our Chris Giles on Central Banks newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersIt’s been a week of novel communications from Federal Reserve officials who appear to be enjoying their new “can’t be fired” protection from the US Supreme Court. In contrast, Donald Trump does not seem to like the new environment so much. The president summoned the Fed chair for a meeting on Thursday, in which he told Jay Powell that the Fed was…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Toyota Motor’s biggest subsidiary has received a ¥4.7tn ($33bn) take-private proposal that includes ¥1bn of chair Akio Toyoda’s personal money, in a deal that will reshape Japan’s largest business empire.Toyota Industries, a key parts manufacturer for the world’s biggest carmaker by sales, said on Tuesday it had received an offer of ¥16,300 a share from a special-purpose company backed by Toyota Motor and another company in the broader Toyota Group.The offer is 11.4 per cent below Toyota Industries’ closing price of ¥18,400…
Image: Getty Images Cyber security firm Kaspersky has released its Q1 2025 cybersecurity outlook for the Middle East, Türkiye, and Africa (META), revealing a fast-evolving threat landscape driven by AI innovations, ransomware-as-a-service models and low-cost attacks. The report shows that Türkiye and Kenya recorded the highest share of users impacted by web-based threats (26.1 per cent and 20.1 per cent respectively), while the UAE, Saudi Arabia, Egypt, and Jordan reported the lowest levels of web-borne attacks in the region. Key threat: Ransomware Ransomware remains one of the most dangerous threats facing businesses in 2025, particularly in digitally advanced markets in…
Evercore strategists say June is traditionally the best month to buy small-cap stocks, which have had a tough 2025 so far. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldSmart money says that Donald Trump’s upside is that you know where he stands. That may be true on his love of grift and loathing of immigrants and trade deficits. When it comes to Trump and China, however, economists should drop their caveat about “all things being equal”. Nothing to do with Trump’s China policy is predictable, let alone equal. Does he care about Taiwan? Let’s toss a coin. Does he want the US to decouple from China? Spin the…