Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mark Carney has vowed to work with Canada’s oil industry to boost production and reduce emissions, as the new prime minister touts an economic agenda to face down Donald Trump’s tariff threats.The Canadian leader met senior oil executives in recent days, extending an olive branch to a sector that become hostile to the Liberal government in Ottawa under Carney’s predecessor Justin Trudeau.Carney offered tentative backing for new pipelines and a multibillion-dollar project to capture carbon from Alberta’s oil sands, describing a “grand…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump’s administration has begun a process to open swaths of Alaska’s wilderness to oil drillers by scrapping Joe Biden-era restrictions as the president pushes ahead with sweeping green rollbacks. The US interior department on Monday published a proposal to ditch a rule introduced by Trump’s predecessor that protects much of the state’s 23mn acre National Petroleum Reserve from oil and gas extraction. “We’re changing course and bringing in an energy renaissance that utilises Alaska’s resources instead of burying them under…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Uber has appointed its first chief operating officer since 2019, as chief executive Dara Khosrowshahi shakes up senior leadership and loosens his grip on the ride-hailing company. Andrew Macdonald, Uber’s head of mobility, has been appointed president and chief operating officer with immediate effect, according to public filings. He will be the company’s second-in-command, responsible for overseeing the mobility and food delivery sides of the business. Macdonald, who joined Uber in 2012 and is known by colleagues as Mac, will report directly…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Merck has held talks over a more than $3bn acquisition of Swiss biotechnology group MoonLake Immunotherapeutics, as the US pharmaceutical company seeks to replenish its drug pipeline. The New Jersey-based drugmaker submitted a nonbinding offer for MoonLake earlier this year, valuing the business in excess of $3bn, a premium to its $2.6bn market value, according to three people familiar with the matter. The initial approach was rejected but talks could be revived, the people said. Merck’s approach for US-listed MoonLake ahead of…
The old adage that investors should “sell in May and go away” is already looking like a bust. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Saudi Aramco, the world’s largest oil company, said on Monday it had raised $5bn in a bond sale as it positions for a downturn in oil prices and prepares for further borrowing. Aramco said demand for the three sets of bonds it issued in London had been “strong”, with coupons ranging from 4.75 per cent to 6.375 per cent. The issuance was one of the largest in London so far this year, after the Public Investment Fund, the Saudi sovereign wealth fund, tapped…
Attaining the home of your dreams—or any home—doesn’t mean it will be safe from foreclosure. A crisis could put you at risk for foreclosure, mainly if your dream house entails significant mortgage payments. If your home is at risk of foreclosure, it’s essential to work closely with your lender. They may be amenable to renegotiating the terms of your mortgage, accepting late payments to reinstate the loan, or putting the loan into forbearance, buying you time to get your finances in order. Key Takeaways There are options you can take to prevent your lender from foreclosing on your home.If you…
Annuities offer another income stream to help fund your golden years and may reduce the risk of running out of retirement savings. However, it’s important to recognize that purchasing an annuity may be more expensive than other forms of retirement income. Here’s a look at the different types of annuities, who should and should not consider buying one, and common annuity pitfalls so you can decide if buying an annuity is right for you. Key Takeaways Annuities provide a guaranteed income stream, beneficial for future retirees seeking financial security later.Risk-averse or inexperienced investors may find annuities appealing due to their…
A little-noticed provision in President Donald Trump’s sweeping tax and spending bill could spark the next battle in an escalating global trade war — and potentially unnerve an already rattled market for U.S. Treasurys that is critical to the global economy. Source link
If you are covered by Medicare you may be wondering if you need a Medicare Supplement Insurance policy, also known as Medigap. Read on to see what a Medigap plan is and how it works. Key Takeaways Medigap is supplemental insurance for people with Medicare Part A and B.Medigap policies are offered by private insurance companies.It pays some or all of the costs Medicare doesn’t cover, depending on the level of coverage you choose.Medicare alone may not cover extensive treatment or long-term hospitalization. What Is Medigap? Medigap is supplemental coverage for people with Medicare Parts A and B. Policies are…