Author: Arabian Media staff
Germany’s new economy minister has warned that the survival of the country’s heavy industry is vital to Europe’s sovereignty, as she pleaded for Brussels to approve a plan to support German energy-intensive companies.Katherina Reiche said she was hopeful the European Commission understood the need for Berlin to subsidise electricity costs for sectors such as chemicals and steel to help end Germany’s longest postwar period of stagnation.She emphasised that Berlin was determined to “do its homework” by implementing structural reforms and unleashing a €1tn investment plan into its infrastructure and its defence industry. But she also made the case for safeguarding…
Company has reported issue to watchdogs and fixed the problem Source link
Images: Supplied Digital car rental platform SelfDrive Mobility recently launched OTO — a tech-driven, chauffeur-powered luxury service currently operating across the UAE, Qatar, and Bahrain. From tailored intercity rides and event transport to corporate and school mobility, OTO aims to revolutionize how business travelers, tourists, and high-net-worth individuals experience comfort and sophistication on the move. We speak to Soham Shah, founder and CEO of SelfDrive Mobility, about the inspiration behind OTO, its unique market positioning, growth strategy, and the trends shaping the future of mobility. Soham Shah What inspired SelfDrive to launch the new chauffeur-driven, luxury service? At SelfDrive Mobility,…
When and how far will generative AI cut legal bills? This question starts the 2025 return of a monthly series that examines how the legal ecosystem uses new technologies to serve fast-changing business needs Source link
Image: WAM Dubai International (DXB) has retained its position as the top-ranked airport in the Airports Council International (ACI) 2024 Air Connectivity Ranking for the Asia-Pacific and Middle East region, state news agency WAM reported. Paul Griffiths, CEO of Dubai Airports, said the ranking reflects DXB’s vital role in global aviation. “Connectivity is the cornerstone of relevance in global aviation, and we are pleased to see Dubai International recognised once again as the region’s leading hub,” Griffiths said. DXB currently connects to over 265 destinations across six continents, supporting international trade, tourism, and economic growth. DXB enables seamless, secure journeys…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is co-director of the UK’s Bennett Institute for Public Policy, University of CambridgeIn 2000, two doctors at London’s Great Ormond Street Hospital were watching a Formula 1 race on TV as they relaxed in the staff room after carrying out a long and delicate operation. Martin Elliott was the surgeon, his colleague Allan Goldman a consultant in intensive care. Watching a team of about 20 people service an F1 car, they were inspired to reorganise the tricky handover between theatre…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Wise, the London-listed fintech group, has taken some time to grow into its name. Since its 2021 direct listing, it has had a rollercoaster ride of interest rate shocks and regulatory mis-steps. But the company now has an £11.2bn market capitalisation, well above where it went public — and a grown-up business model to go with it. A 36 per cent rise in four years may not sound like much, but it is far better than most of its counterparts that went…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Addressing south-east Asian and Middle Eastern leaders in Kuala Lumpur this week, Chinese Premier Li Qiang had a clear message: at a time when US President Donald Trump is shaking the global trading system, Beijing wants to do business.At a gala dinner following summit meetings with the Association of Southeast Asian Nations and the Gulf Cooperation Council, Li pointed out that the assembled countries together accounted for nearly a quarter of the world’s economy and population, but much less of its trade.“Amid…
Donald Trump’s election helped revive loans that once threatened to hit banks with big losses Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldBritain will hold talks with the US next week to try to speed up implementation of a trade pact between the two sides, amid uncertainty about when American tariff cuts for UK carmakers and steel manufacturers will actually take effect.The UK-US deal was unveiled on May 8 to great fanfare by the two countries, but British officials admitted they were still working out “timelines” for its implementation.UK business secretary Jonathan Reynolds wants to accelerate the process next week, when he…