Author: Arabian Media staff

Business deployment of artificial intelligence has reached a tipping point. UBS is deploying virtual research analysts to brief staff on market trends. The chief executive of Anthropic is warning that AI could wipe out half of entry-level white-collar jobs in one to five years, with major lay-offs by companies such as IBM, Microsoft, Google and others. Nvidia’s profits and revenues soared last week, even as Maga politico Steve Bannon warned that AI-related job disruption will be a major issue in the 2028 presidential elections.I’m betting he’s right, given new research showing higher youth unemployment may be linked to AI rollouts.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK retail group of John Lewis and Waitrose faces demands to reinstate a staff bonus after a three-year drought as the partnership tries to turn itself around. Some disgruntled workers have shared an open letter and launched a petition through Organise, a platform supporting worker-led campaigns, calling on bosses to bring back bonuses. The last time the partnership paid a bonus was for the year to January 2022.The campaign has attracted almost 4,000 signatures, including current and former John Lewis and Waitrose…

As he prepared to take the helm of Britain’s financial regulator in the summer of 2008, Adair Turner felt as though he had missed out. He was due to start at the Financial Services Authority shortly after the first run on a British bank in more than a century had culminated in the collapse of Northern Rock.The 52-year-old technocrat assumed that crises of this magnitude were once-in-a-career events. But he would find himself dealing with a much more existential one a few months later: the global financial crisis that struck that autumn, triggering the near collapse of the country’s largest…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Greenland knew what it was doing when it warned that if US and European miners would not help it exploit its minerals, it would turn to China. Geopolitical and trade tensions have spotlit China’s dominance of critical elements. Markets alone will not reverse this. Minerals such as copper, lithium, cobalt and rare earths, which are essential for grids and batteries but also phones and missiles, are overwhelmingly mined and refined in China, which benefits from supportive policy, scale and efficient production. The…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.President Donald Trump’s policies to “make America great again” look set to make the US economy even more unequal via proposed tax breaks for the wealthy and cuts to financial and medical support for the poor. But even in America’s highly unequal financial system, there has been a beacon of good news for the financially excluded. Thanks to the US Community Reinvestment Act, a 1977 federal law obliging lenders to look after low-income communities, some $2tn has been invested in such areas, according to 2018…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldCanada’s steel industry warned of “catastrophic” job losses, factory slowdowns and supply chain disruption after US President Donald Trump doubled tariffs on imports to 50 per cent.Trump’s latest tariff move sparked anger across the border, as Canada’s Prime Minister Mark Carney had only last month travelled to the White House to repair relations frayed after Washington imposed heavy levies on its biggest trading partner.Canada is the largest supplier of steel and aluminium to the US, accounting for nearly a quarter of US…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Boeing chief executive Kelly Ortberg said he was working with the Trump administration to ensure the company was not “an unintended consequence” of the trade war with China, suggesting countries buy more of its planes to reduce their trade deficits with the US.In an interview with the Financial Times, Ortberg, who took the helm in August, also said the launch of a new aircraft expected to replace its best-selling 737 Max was not an immediate priority, saying the “market is not ready…

Stay informed with free updatesSimply sign up to the US economy myFT Digest — delivered directly to your inbox.The close relationship between US government bond yields and the dollar has broken down as investors cool on American assets in response to President Donald Trump’s volatile policymaking.Government borrowing costs and the value of the currency have tended to move in step with each other in recent years, with higher yields typically signalling a strong economy and attracting inflows of foreign capital.But since Trump’s “liberation day” tariffs were announced in early April, the 10-year yield has risen from 4.16 per cent to…

If you’re considering selling your house, one strategy you can choose is a for sale by owner (FSBO) route. By choosing not to use a real estate agent for the sale of your property, you take on more work—but save on commission fees. Instead of paying a real estate agent to stage your home, list it, market the property, and negotiate with the buyer’s agent (and ensure they’re pre-approved for a mortgage), you take on a more active approach. In a FSBO sale, you prepare your home, market it as best you can, and directly work with buyers (and potentially…

Investors don’t need an account with Vanguard to buy and sell its mutual funds and exchange-traded funds (ETFs). Vanguard maintains agreements with other brokers to give their clients access to Vanguard funds. Similar arrangements with online brokerages and investment houses allow the purchase and sale of mutual funds and ETFs managed by other investment companies including Fidelity, Charles Schwab, and BlackRock. There can be a catch, however. All brokers charge some fees and commissions, even online discount brokers. Some allow certain Vanguard funds and other funds to be bought and sold commission-free but others don’t. Key Takeaways Investors can buy…