Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Media myFT Digest — delivered directly to your inbox.Rani Raad, the boss of Abu Dhabi’s International Media Investments, is set to leave the group as it nears the end of an ill-fated, two-year attempt to take control of the UK’s Telegraph newspaper.Raad, a former top CNN and Warner Bros Discovery executive, will stand down from IMI next month, according to several people familiar with the situation. IMI owns Abu Dhabi-based newspaper The National and CNN Business Arabic, and has a joint venture with Sky in the region. The media-focused investment vehicle is…
A home equity loan is a type of consumer debt that allows homeowners to borrow against the equity in their homes. After you apply, your lender will send you a credit agreement to sign and return. At this point, you have three days to reconsider and cancel the loan. If you decide to cancel, your lender must relinquish their claim to your property and refund all fees they have charged. Discover how and when you can cancel a home equity loan. Key Takeaways Your right to cancel a home equity loan within three days of signing the credit agreement is…
Once you’ve built up a decent amount of home equity, you can tap into your ownership stake to get a cash injection via a home equity loan or home equity line of credit (HELOC). However, when you take out a home equity loan, the lender places a lien on your home, making it collateral for the loan in case you don’t repay it. A lien allows the lender to repossess the home or asset in case of nonpayment on the loan. Taking out a home equity loan can provide much-needed cash at better rates than an unsecured personal loan. However, be…
Selling your home can feel like an endless series of decisions with no certain answers. When should you list your home for sale exactly? What do you need to fix before you put it on the market? How do you know you’ve got the right asking price your home? Your decisions can have a direct impact on how long your home sits on the market and if you get a good sale price. Here’s what you need to know. Key Takeaways Spring and summer are historically the best times of year to sell a home, with Thursday being the best…
People shopping for a car loan or a mortgage should understand the implications of high bond yields. Source link
Recent corporate media spinoffs have been a mixed bag, with many failing due to the way they were set up, Wall Street analysts say. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sequoia Capital is hoping to cash in on rising global demand for art house cinema after leading a $100mn investment in Mubi that values the indie streaming service at $1bn, marking a rare foray into film and media for the Silicon Valley venture capital firm.The cash from Sequoia, best known for its early bets on high-growth tech companies including Google, Apple and YouTube, will help Mubi build out its global distribution network and invest in new films.The fundraising marks a vote of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US property and casualty insurers nearly doubled their earnings between 2023 and last year despite costly extreme-weather events, according to research that highlights the pay-off from several years of rising customer prices.A survey of companies that account for at least 97 per cent of US property and casualty cover by rating agency AM Best, found that the aggregate after-tax profits of the industry surged to $171bn last year, compared with $92bn the previous year.Hurricanes, fires and other disasters caused an estimated $320bn…
“I am not used to this way of doing business.” Source link
Stay informed with free updatesSimply sign up to the Oil myFT Digest — delivered directly to your inbox.Opec+ announced another large increase in oil output for July in the latest sign that the cartel was intent on unwinding the first tranche of its long-standing production cuts as quickly as possible.Eight members of the oil-producing group, including Saudi Arabia and Russia, said on Saturday that they would increase headline production in July by a combined 411,000 b/d. The decision to fast-track the return of idled capacity for the third consecutive month means the group could add as much as 1.4mn b/d to…