Author: Arabian Media staff
For the past three centuries, whenever the Maharaja of Jaipur is in residence, two pachranga — five-coloured flags — have flown above his City Palace. The palace itself is an exuberant red, pink and cream stone labyrinth of arches, gardens, courtyards and mirrored rooms in north-west India. If you couldn’t see the flags, though, you would be in no doubt that the head of the city’s royal family is in residence today from the swell of activity.As Maharaja Sawai Padmanabh Singh — known as Pacho by family and friends or HH, for “his highness”, by his retinue — walks down one of…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldElon Musk is formally stepping down from his role in the Trump administration after just five months, ending a tumultuous period during which he oversaw cost-cutting by the so-called Department of Government Efficiency.In a post on Wednesday on X, Musk, who began scaling back his work at Doge last month, said: “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending.” The world’s richest…
President Donald Trump’s tariff saga took another twist late Wednesday when a U.S. trade court voided the bulk of his levies, prompting an instant appeal by the administration and sparking a rally for U.S. stock-index futures. Source link
Jamshyd Godrej has big plans for Mumbai — if only he could get through the country’s red tape.For years, the 76-year-old who heads one of India’s oldest conglomerates has been on a mission to transform its vast factory complex in the city. By moving production to an industrial park outside Mumbai, Godrej Enterprises Group will free up valuable real estate and expand its capacity to make everything from safes to components for India’s space programme.But in an interview in the now semi-repurposed complex on Mumbai’s eastern flank, which houses offices for the likes of Accenture, the third-generation leader made clear…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThat was quite the shock. Wednesday’s ruling from the Court of International Trade saying Donald Trump had wrongly used the International Emergency Economic Powers Act to slap tariffs at will on trading partners seems to the layperson no more than common sense. But given the extent to which courts generally defer to the executive on national security issues, it’s a dramatic and largely unexpected interruption to one of his most elemental policies.This is of course very much not the end…
U.S. stock futures shot higher late Wednesday after a federal trade court ruled that President Donald Trump exceeded his authority in imposing a sweeping raft of global tariffs. Source link
Investors are embracing a “keep calm and carry on” attitude as Nvidia shows a healthy business outside of China, with big growth opportunities ahead. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldA US court invalidated Donald Trump’s “liberation day” tariff scheme, in a move that could throw the president’s global trade policy into disarray. The US Court of International Trade found on Wednesday that the president did not have the power to introduce his levies using the emergency economic powers legislation he cited when he imposed sweeping tariffs on countries around the world last month. The executive orders in which he announced the tariffs “are declared to be invalid as contrary to…
Stay informed with free updatesSimply sign up to the Pensions industry myFT Digest — delivered directly to your inbox.Rachel Reeves has confirmed she will create a “backstop” power to force large pension funds to back British assets, as she vowed to unleash more than £50bn of investment in domestic infrastructure, housing and fast-growing businesses.The highly contentious move towards “mandation” — which Aviva chief Dame Amanda Blanc has compared to using “a sledgehammer to crack a nut” — will feature in new pensions legislation later in the year.The chancellor hopes creating pension “megafunds” with more than £25bn in assets, coupled with…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Data privacy campaigners are urging the UK government to clamp down on facial recognition and pass new legislation to regulate the widespread technology used by both police forces and the private sector. A new report published on Thursday by the Ada Lovelace Institute, an independent researcher into the ethics of data and artificial intelligence, warned of “significant gaps and fragmentation across biometrics governance”. The group called on Sir Keir Starmer’s government to provide “clarity on the limits, lawfulness and proportionality of biometric…