Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Richard Hadida was sailing off Antigua on his 90-foot yacht in February when his wife suggested they circumnavigate the globe with their baby son. He wanted to wait but he has “carpe diem” tattooed on one wrist and he remembered a close friend who was dying. “I thought, ‘Don’t kick any cans down any roads. Let’s do it.’”A sailing yacht traversing oceans sounds like neither the most comfortable nor safest place for a toddler. But Hadida has reason to be confident as…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. The US dollar weakened again yesterday, and (as Robin Brooks of Brookings noted) this happened even as Treasury yields rose, increasing the spreads over other developed countries’ bonds. This is an unusual combination, and suggests global repositioning and hedging of dollar assets is continuing. But perhaps…

Image credit: Getty Images Airbus delivered around 51 airplanes in May, industry sources said, down 4 per cent from the same month last year. The tally brings deliveries so far this year to around 243 aircraft, down 5 per cent from the first five months of 2024. Read-Flyadeal confirms Airbus jet order for long-haul expansion Airbus declined comment ahead of a monthly performance bulletin on June 5. The world’s largest planemaker faces growing pressure from airlines over delays in deliveries as it aims for a 7 per cent increase in handovers to customers for the full year to 820 aircraft.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.TalkTalk has been late making payments worth millions of pounds to broadband suppliers BT Openreach and CityFibre in recent months, as the indebted telecoms provider struggles with cash flow issues in spite of a recent refinancing. The Salford-based group has missed several deadlines this year to pay the two companies, whose broadband infrastructure it relies on, according to people familiar with the matter. The delays come even after TalkTalk received a cash injection of £235mn from shareholders last year to help shore…

Mohammed Alkhotani at Agentforce World Tour. (Image: Supplied) Business software giant Salesforce is doubling down on the Middle East. The global CRM and AI powerhouse has more than doubled its regional team in the past three months, expanded technical operations, and is investing heavily across the UAE and Saudi Arabia. This is according to Mohammed Alkhotani, Salesforce’s senior vice president and general manager for the Middle East, who spoke to Gulf Business on the sidelines of the company’s Agentforce World Tour Dubai event. “Our expectation is to grow the business three times over the coming four to five years,” Alkhotani…

Stay informed with free updatesSimply sign up to the Fintech myFT Digest — delivered directly to your inbox.Scalable Capital, a German investment platform backed by BlackRock, has raised €155mn in fresh equity at a valuation of about €1.5bn, as part of a push to become a pan-European investment powerhouse in the model of Charles Schwab.“Every European market has its own banks [ . . .] and a pan-European Charles Schwab really doesn’t exist yet,” said co-founder and former Goldman Sachs banker Erik Podzuweit. “This is what we aspire to become.”Some of the new capital would be directed towards expanding operations in growth markets…

Image: Dubai Media office/ flyubai Dubai-based airline flydubai resumed operations to Syria on Saturday, marking the return of direct air connectivity between the two countries after a nearly 12-year suspension. The inaugural flight, FZ 115, landed at Damascus International Airport (DAM) on June 1, receiving a traditional water cannon salute. The daily service will depart from Terminal 2 at Dubai International Airport (DXB). The resumption of flights underscores improving ties between the UAE and Syria. The UAE’s Ambassador to the Syrian Arab Republic, Hassan Ahmed Al Shehhi, was on hand to welcome the flight, accompanied by a delegation that included…

The thousands gathering at Walmart’s employee jamboree this week will celebrate record-breaking revenue, newly opened stores and a market-beating stock price. One thing that is not expanding at Walmart is the number of employees. Walmart, the largest US private sector employer, counted 2,165,465 staff worldwide as of the end of last year. That was almost 70,000 fewer than five years ago. In the same period the retail colossus boosted revenues by more than $150bn, an increase that outstrips the total annual sales of most rivals. Walmart executives are aiming to grow sales by 4 per cent a year, but they do not expect…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India and the EU have reached consensus on almost half of the topics to be covered by a trade deal they hope to seal this year and have agreed that the pact will not cover some “sensitive” farming products such as dairy, according to people with knowledge of the talks.The people said negotiators had agreed eight out of roughly 20 deal “chapters”, each covering topics such as rules of origin or intellectual property rights, after the EU in February stepped up efforts…

Image: Supplied While AI and generative AI are top tech priorities for companies in 2025, with 78 per cent of organidations using AI in at least one business function, the harsh reality is that over 80 per cent of AI projects fail, twice the rate of conventional IT projects. This is often due to a lack of clear purpose, unrealistic expectations, or a fundamental misunderstanding of AI’s nature. Companies tend to jump into an AI project without identifying the problem that needs solving or with the misguided notion that AI is simply a more sophisticated form of automation. The twin…