Author: Arabian Media staff

As a Republican-run Washington works to enact the party’s big tax and spending package, one key for many businesses has been to revive a trio of tax breaks that they have lost in the last few years. Source link

This article is an online version of our Scoreboard newsletter. Premium subscribers can sign up here to get the newsletter delivered every Saturday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning from Bavaria, where bookies expect Qatar-owned Paris Saint-Germain to complete their 14-year mission and be crowned European champions. To do that they’ll have to beat an ageing but dogged Inter Milan. If last year’s Champions League final was a reminder that European football’s old guard can still mix it with the best, this time around it’s all about new money. More on that below.…

Image: Getty Images The UAE fuel price committee has announced petrol and diesel prices for the month of June. The rates, effective from June 1, are as follows: Super 98 petrol will cost Dhs2.58 per litre, staying the same as Dhs2.58 in May. Special 95 petrol will be priced at Dhs2.47 per litre, compared to Dhs2.47 in May. E-Plus 91 petrol will cost Dhs2.39 per litre, the same as Dhs2.39 in May. Diesel will be charged at Dhs2.45 per litre, down from Dhs2.52 this month. The UAE adjusts fuel prices monthly in line with global oil market fluctuations. The country…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the founding partner of Verdad Advisers and the author of ‘The Humble Investor’US equity markets have had a banner run in the years since the Covid-19 market panic. Yet despite the S&P 500 surging nearly 95 per cent over the past five years, US private equity firms are struggling to profitably sell the portfolio companies they have accumulated — nearly 12,000, according to research by Cherry Bekaert. At the current exit pace of 1,500 companies a year, it would…

A London-based start-up employs bioprospectors to scour the world for DNA to feed AI models building a digital tree of life Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the Labour MP for Plymouth Moor View and sits on the House of Commons defence committee The UK seems unable to modernise its military. Even while spending billions arming Ukraine with the latest warfighting technology, our own soldiers are forced to train as they did in the early 2000s. No first-person view (FPV) drones for them, now ubiquitous on the battlefield. Nor the uncrewed surface vessels (USVs) that changed maritime fighting forever when they vanquished Russia’s Black Sea fleet in…

A year after being seized by its main creditor Oaktree Capital, Inter Milan stands on the brink of an unlikely triumph. On Saturday night the famed Italian football club faces Paris Saint-Germain in the final of the Champions League, European football’s highest prize. The US distressed debt investor took control of Inter a year ago after its previous owner, Chinese retailer Suning, failed to repay a €400mn loan secured against its controlling stake in the club, which people close to the firm say was valued at about €1bn at the time of the ownership change. “Oaktree did a smart thing —…

I got the idea after seeing Great Western Railway carriage number 9038 — one of the oldest surviving sleeper cars in Britain.The carriage entered service in 1897: it would have seen countless daybreaks over Paddington’s lattice roof, sped beneath every phase of the Bristol Channel moon. Its mahogany compartments would have hosted the dreams of fin de siècle travellers: and nightmares too during the years of war, pandemic and financial ruin that followed. It was retired in 1931, and then became part of a bungalow — the wheels removed, tiles stuck on the roof. The old posters of seaside resorts…

Image: Supplied In a world where stress often feels like a constant companion and true wellbeing seems elusive, meet Garry Lineham, co-founder and head of Human Garage. Based in California, Lineham’s organisation is making global waves with a uniquely human approach to realigning body, mind, and spirit. They blend cutting-edge fascia release techniques with ancient wisdom, empowering individuals to take control of their health and reconnect with their body’s innate healing intelligence. It’s about reimagining wellness, moving beyond just managing symptoms to truly addressing the root causes of imbalance. Aaron Illathu  — on behalf of Gulf Business — spoke to…

At 24, Tarquin Leadbetter moved from a desk job in London to the north Cornwall coast, with plans to make gin in the morning and surf in the afternoon. He taught himself to distil gin on his cooker at home from the internet, using vodka bought from a wholesaler and plants from his garden. Today, 13 years on, Leadbetter runs a £10mn business, with more than 50 staff and seven gin shops across Devon and Cornwall. Tarquin’s Gin, available in Waitrose, Tesco, Sainsbury’s and John Lewis, is sold in more than 30 countries. After starting out as a gin distillery, the business…