Author: Arabian Media staff
Having posted world-beating returns so far in 2025, Polish stocks fell sharply on Monday as right-wing PiS candidate narrowly wins presidential election. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bristol Myers Squibb has signed a partnership worth up to $11bn to develop a BioNTech cancer drug that has the potential to beat the world’s bestselling medicine Keytruda. The US drugmaker will co-develop and commercialise the medicine, known as BNT327. The deal is one of the largest-ever pharma partnerships and the biggest for Germany’s BioNTech, which is best known for its Covid-19 vaccine with Pfizer. BioNTech worked for three years on the drug with Chinese group Biotheus, which originally discovered it, before…
Poland’s lurch to the right has imperilled the EU’s trade ambitions and cast into doubt billions of euros in funds earmarked for Warsaw, officials said, while boosting a growing Eurosceptic trend in central Europe.The victory of rightwing nationalist Karol Nawrocki in Poland’s presidential election has shocked Brussels, which fears that it will fatally wound the country’s pro-EU government under premier Donald Tusk, stymie reforms required to access EU funds and prompt Warsaw to help block a landmark trade deal with the South American Mercosur countries.Nawrocki, a former football hooligan with no political experience, campaigned under a slogan of “Poland First”,…
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Welcome back.According to the International Energy Agency, the carbon emissions attributable to energy used by data centres are surging as artificial intelligence takes off. Tech giants like Microsoft, however, claim that emissions from energy use are a tiny share of their overall carbon footprint, and…
This article is an on-site version of our Trade Secrets newsletter. Premium subscribers can sign up here to get the newsletter delivered every Monday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersDonald Trump’s tariff announcements are giving him less and less Taco time to put them into reverse. Following an ill-evidenced accusation last Friday that China was breaking its promises on an unspecified deal, he subsequently threatened to double steel and aluminium (aluminum, whatever) tariffs to 50 per cent by this coming Wednesday. Trump said there would be no deals with trading partners to avoid them,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU has fined European takeaway groups Delivery Hero and Glovo €329mn for taking part in an “online food delivery cartel”, in the latest antitrust crackdown by the bloc. German food delivery service Delivery Hero acquired Glovo, a Spain-based online food delivery app, in 2022. On Monday, the European Commission said the two groups had breached competition rules in the four years leading up to that, when Delivery Hero only held a minority share in Glovo.Brussels said Delivery Hero had used its…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThanks to Donald Trump and my FT colleague, Robert Armstrong, many of the world’s investors are now talking about the “taco trade”.It was Robert who coined the phrase “Trump always chickens out” (Taco). The pattern is that the US president will promise to impose massive tariffs on a chosen target. But he will then later cut or delay the tariffs, often in response to an adverse reaction from the markets. So far this has happened with Canada and Mexico, then…
Tax season doesn’t always end on a boon. In fact, Internal Revenue Service (IRS) data suggest the number of Americans receiving a refund is decreasing. Consider these strategies to reset your budget if a surprisingly large tax bill has tampered with your financial health. Key Takeaways Address short-term cash flow issues by trimming unnecessary expenses, pausing investments, and postponing large purchases for 30 to 60 days. Replenish your emergency fund, draft a new budget, and test new money management techniques to set yourself up for long-term success. Avoid repeating last year’s missteps by understanding why you received the bill. Common…
Credit card balances can accumulate interest at extremely high rates, compared to other forms of debt. This makes it crucial to manage your credit cards wisely if you’d like to enjoy their many benefits. The good news? Credit cards generally offer a grace period, giving you time to pay off your purchases without interest if you follow certain rules. Here, we’ll dive into credit card grace period basics, plus common but avoidable pitfalls that may lead you to accumulate interest. Key Takeaways You can avoid paying credit card interest completely if you understand how grace periods work. This is wise…
A tour of an Indiana car factory found both a smooth operation and an illustration of how rough it could be to try to reshape one of America’s most important industries. Source link