Author: Arabian Media staff
Economists are expecting the European Central Bank will cut interest rates 25 basis points to 2% next week. Source link
Stay informed with free updatesSimply sign up to the US trade myFT Digest — delivered directly to your inbox.US goods imports plunged by nearly a fifth in April, as President Donald Trump’s tariffs disrupted trade flows into the world’s biggest economy. Imports of goods for April totalled $276.1bn, down 19.8 per cent from March, according to the Census Bureau’s advance economic indicators report. The fall marks a turnaround from March, when companies rushed to buy foreign goods before Trump’s April 2 “liberation day” tariffs announcement. US groups must now contend with a broad series of import taxes, including big tariffs…
Dubai’s Roads and Transport Authority (RTA) is set to open a new entry and exit point to Al Warqa directly from Sheikh Mohammed Bin Zayed Road early next week (early June), aiming to facilitate smoother access to and from the neighbourhood. Read: Dubai: RTA makes vehicle inspection appointments mandatory from June 2 Once complete, the project will increase road capacity by 5,000 vehicles per hour, reduce travel time by 80 per cent—from 20 minutes to just 3.5 minutes—and shorten trip distances from 5.7 kilometres to 1.5 kilometres, a Dubai Media Office report said. Traffic improvement works RTA has also completed…
Analysts cut price targets across the U.S. hotel sector as expectations dip on wavering consumer confidence and a drop in inbound international travel. Source link
One of the UK’s oldest newspapers marks its bicentenary this month with a prestigious award and another cause for cheer: a far smaller drop in circulation than its peers in an increasingly tough local media world.Vowing an “attention to utility” on its launch in May 1825, Northern Ireland’s The Impartial Reporter saw a 2.4 per cent slide in its circulation in 2024 — one of only five UK weekly titles to shed under 3 per cent.While Britain’s local media faces an existential threat, The Impartial Reporter has innovated with exclusive investigations and striking drone photography, helping it slow its print…
The numbers: The cost of living barely rose in April — and the rate of inflation slowed even closer to prepandemic levels — but it’s unclear whether the recent progress can be sustained as the trade wars drag on. Source link
Demis Hassabis and Darren Aronofsky met in 1999 when they were invited to speak at the Institute of Contemporary Arts in London about the future of storytelling. At the time, Hassabis was a video game developer; today he is CEO of Google’s DeepMind AI lab and a Nobel laureate in chemistry. Aronofsky had released his debut feature Pi in 1998 and would go on to direct the Oscar-winning Black Swan and The Whale. Now, his new film company, Primordial Soup, is joining forces with Hassabis and DeepMind to produce short narrative films using AI. Three are already in the works.…
Japan’s Nikkei 225 stock market index did something many investors thought improbable: It finally surpassed the late-1980s peak reached during the country’s massive asset bubble. Though it has since retreated, some analysts predict big gains again in 2025. Most of those predictions came before Trump announced a flurry of tariffs, including on Japanese exports. However, Japanese shares still trade at a meaningful discount when compared to the S&P 500, even as profit margins and dividends improve. For U.S. investors looking to diversify, Japanese equities may finally deserve a closer look. Why Japan Looks Different This Time Japan’s so-called “lost decades”…
Scott Kirby also said “Newark is safe” in the wake of outages and cancellations that have snarled air travel for the past several weeks, while speaking at WSJ’s Future of Everything festival. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nomura’s multiyear campaign to stop staff smoking and banish the cigarette break is paying off, as Japan’s biggest brokerage hailed its progress during an annual investor day.In a 40-page presentation packed with targets for everything from return on equity to growing its wealth management business, Nomura said that at the end of March last year 14.9 per cent of its almost 15,000-strong workforce were smokers, down from 21.4 per cent in 2018.Tokyo-based Nomura started its effort to combat smoking in 2018, saying…