Author: Arabian Media staff
Phil Rosenberg’s portfolio illustrates how tough it has become for UK landlords. The 44-year-old science researcher owns six properties in Yorkshire. Two are held through a limited company, where interest charges can be offset before tax, and earn a good profit. The remaining four, owned in his name, make roughly £1,000 profit each year — “less than I’d earn for a single shift each month in a bar,” he says. What’s worse is that all are on fixed-rate deals secured before 2022, when mortgage rates were very low. When each is remortgaged, the first is due in September, that £1,000 profit…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Forget the lipstick effect. This year’s most promising recession-proof trade does not involve beauty purchases that chase away the blues, but elflike plush toys with rabbit ears and a mischievous grin. Meet the Labubu. Made by Beijing-based toymaker Pop Mart, the pint-sized creature has sparked a collecting frenzy among Gen Z and millennial shoppers across Asia, the US and Europe. Fans line up for hours for new releases. Rihanna, Dua Lipa and Lisa from the K-pop group Blackpink have been spotted dangling…
Justin, a Chinese PhD student at an Ivy League university, had always planned to settle in the US but the 25-year-old is abandoning the idea after a crackdown on immigrants and academia and is considering studying elsewhere. This week, Washington told US embassies to suspend the visa approval process for foreign students pending additional screening of their social media activities. Marco Rubio, secretary of state, then pledged to “aggressively revoke” Chinese student visas, especially those studying in “critical fields” or linked to the Communist party. Rubio’s comments are part of measures against foreign academia and students, particularly those from China,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Start-ups and companies seeking scale-up funding no longer flock to the stock market as readily as they once did. Many bypass the high street banks too. The reason? They have other options thanks to the ready availability of different types of funding from private markets, at least for those businesses showing fast growth potential. Private capital markets, which have grown significantly in recent years, offer services ranging from debt funding, seed and venture capital to minority stakes and full buyouts. Their efforts to…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The British have a reputation for loving underdogs. The flip side of this is that we also enjoy seeing the mighty have a wobble. And there’s nobody mightier than the US president.The investment consensus in London has been consistent with the dinner party consensus: President Donald Trump is a bluffer and his tariff threats are hollow; therefore our portfolios should hold few US equities. The US court rulings this week, the first finding the bulk of Trump’s tariffs to be unlawful followed by…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The return of the 100 per cent mortgage is gathering pace in the UK as lenders loosen their criteria in a bid to boost homebuying.April Mortgages and Gable Mortgages launched no-deposit deals this month with mortgage brokers predicting more will hit the market soon in a move reminiscent of the pre-financial crisis property market.“The demand is clearly there, and as lenders compete more aggressively, it is likely we will see more low or no deposit offerings appear in the months ahead,” said…
The president said he is doubling duties on steel imports while talking up U.S. Steel’s deal with Japan’s Nippon on Friday. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump said he would double tariffs on steel imports from 25 to 50 per cent in the latest escalation of his global trade war, as he vowed to bring the industry “roaring back to life” in the US.The US president unveiled the new levies during a rally at a Pennsylvania steel plant as he hailed Nippon Steel’s $15bn deal to enter a “partnership” with US Steel.“We’re going to bring it from 25 per cent to 50 per cent, the…
U.S. stocks roared back in May as global trade tensions eased, but tariff-related developments around the month’s end suggest a smooth climb from here may be challenging. Source link
Stay informed with free updatesSimply sign up to the US equities myFT Digest — delivered directly to your inbox.US stocks recorded their biggest monthly rally since late 2023 as investors were encouraged to pile back into risky assets as President Donald Trump backed away from some of his most severe tariffs.The blue-chip S&P 500 rose 6.2 per cent in May, its best monthly performance since November 2023, while the tech-heavy Nasdaq Composite climbed 9.6 per cent. The rallies mean both indices are in positive territory this year after plunging in early April on tariff fears. Members of the so-called Magnificent Seven tech…