Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A member of the Bank of England’s Monetary Policy Committee has dismissed stronger than expected inflation and growth figures as he renewed his call for lower interest rates in the face of mounting pressures on the UK economy. Alan Taylor told the Financial Times that the current upsurge in inflation was being driven by one-off factors as he stressed the drag on growth from uncertainty generated by US President Donald Trump’s trade war. While there had been some “welcome” developments in trade, including the UK-EU…
Image: Getty Images Abu Dhabi’s sovereign investor Mubadala and the Abu Dhabi National Energy Company (TAQA) have completed the acquisition of an 875-megawatt combined-cycle gas-fired power plant at the Talimarjan Power Complex in Uzbekistan, marking a significant step in the ongoing privatisation of the Central Asian country’s energy sector. Each entity now holds a 40 per cent stake in the TPP1 gas-fired plant through a newly created project company, Talimarjan Power Plant 1. Mubadala and TAQA also jointly own 40 per cent of Talimarjan Operations & Maintenance LLC, formed to operate the facility. The remaining 20 per cent stake in…
Stay informed with free updatesSimply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox.Investment managers are launching exchange traded funds that are badged as actively managed but operate more like passive funds that track benchmark indices, according to leading industry figures.These funds were misleading the market with 88 per cent of wealth managers and institutional investors accusing them of failing to live up to their active label, said a survey by Carne Group, the third party management company. Few active ETFs operate like traditional stockpicking funds, with many instead merely making small tweaks to…
This is part of a series ‘Economists Exchange’, featuring conversations between top FT commentators and leading economistsAlan Taylor has an exceptional ability to bring contemporary lessons from rigorous study of economic history. For this reason, he is an ideal external member of the Bank of England’s Monetary Policy Committee, which is where he has been since September 2024.Taylor is also professor of international and public affairs at Columbia University. He did his doctorate in economics at Harvard, where he studied under Jeffrey Williamson and former IMF chief economist Maurice Obstfeld, both celebrated economists. He has also held appointments at Northwestern…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The new chief executive of Stellantis Antonio Filosa “learned at the knee” of Sergio Marchionne, the legendary automotive leader who saved Italy’s Fiat from bankruptcy during the mid-2000s. The 51-year-old protégé will need those teachings more than ever as he seeks to revive the fortunes of the world’s fourth-largest carmaker navigating Donald Trump’s trade war and the industry’s shift to electric vehicles.The Naples native inherits a sprawling group of 14 brands — which was formed in 2021 from the merger of France’s PSA…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThirty years ago, when I was a rookie reporter, a veteran writer offered me sage advice: whenever presented with a government or corporate document that is more than 100 pages long, hunt for hidden bombs.Donald Trump’s thousand-page (plus) “big, beautiful bill” is a case in point. Since the House of Representatives passed it last week, this fiscal act has been (rightly) lambasted for many reasons: it favours the rich over the poor; cruelly cuts social safety nets; and recklessly expands…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU is launching a new age verification app in July, establishing a tool that will potentially allow for tighter enforcement of rules requiring online platforms to protect minors online. The app, a precursor to the EU’s digital identity wallet due in 2026, will allow users to verify their age without disclosing personal information to platforms.The EU has not imposed a single age-verification requirement on online platforms, but it has put legal obligations on sites that serve minors or handle pornographic or…
The Ambassador Bridge soars over the river dividing Detroit and Windsor, Ontario, a symbol of the economic and cultural ties binding the sister cities across the international border.The crossing is one of the busiest in North America, with about $400mn in freight moving across the bridge daily. Nearby, more than 3.9mn vehicles moved through the Detroit Windsor Tunnel last year — some people commuting to work, others headed to concerts, sporting events or a favourite restaurant. But US President Donald Trump’s trade policy has put these historic ties under pressure. Tariffs, and the associated uncertainty, have undermined the region’s prosperity…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Global commodities trader Archer Daniels Midland is exploiting a loophole in UK green regulations to claim a double subsidy on the production of biofuels as a surge in imports threatens to wipe out the domestic ethanol industry, according to its British competitors.Ethanol suppliers can claim a credit on every litre produced under a UK scheme that seeks to cut harmful emissions from transport and promote greener fuels. But ethanol made from waste products is eligible for a double credit as an incentive…
Trade talks between the U.S. and China are “a bit stalled,” Treasury Secretary Scott Bessent said Thursday, adding that a breakthrough will likely hinge on President Donald Trump and Chinese President Xi Jinping speaking directly. Source link