Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the European economy myFT Digest — delivered directly to your inbox.Homeowners across the euro area will feel the pain of rising mortgage costs until the end of the decade despite declining interest rates, the European Central Bank has warned.Many borrowers who took out home loans during the era of low and negative interest rates face remortgaging over the next few years, ECB staff said in a blog post on Wednesday, cautioning that belt-tightening by those households would result in a “drag on consumption” that could last “at least until 2030”.After inflation started…
“I feel it is absolutely necessary to leave about 90% of what I have to just one grandchild.” Source link
Tariff pauses and deregulation are tailwinds for small-cap stocks. Source link
Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.A German court has thrown out a landmark climate lawsuit brought by a Peruvian farmer against power company RWE over the threat to his home from global warming, bolstering the argument of other major polluters facing similar cases.In the decade-long case, Saúl Luciano Lliuya argued that RWE should help pay to protect his home from flooding linked to glacial melt, because of the energy group’s historical contribution to climate change.While a ruling by the Higher Regional Court in Hamm on Wednesday confirmed…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Paweł, a poultry farmer who lives in the Polish village of Garbatka-Letnisko, had to fire three of his 10 employees last year because they kept arriving drunk to work.“It’s hard to find good workers, and this job comes with a lot of responsibility when you’re caring for 40,000 chickens,” he said.Paweł’s decision reflects a growing challenge in Poland’s labour market. An ageing population and historically low unemployment — just 2.6 per cent in January, the lowest in the EU alongside the Czech…
Images: Supplied Get ready for an extraordinary Eid Al Adha in Dubai. From June 2 to 8, the city will transform into a vibrant spectacle of joy and entertainment, offering an action-packed programme curated by the Dubai Festivals and Retail Establishment (DFRE). Whether you’re a resident or a visitor, prepare to create unforgettable memories with world-class entertainment, the season’s biggest retail offers, exclusive hotel and attraction deals, endless culinary adventures, and once-in-a-lifetime prizes. As Ahmed Al Khaja, CEO of DFRE, aptly puts it, “This year’s Eid in Dubai programme is designed to create memorable moments through world-class entertainment, cultural showcases,…
Fidelity Investments’ Jurrien Timmer calls this a “damned-if-you-do-market,” that’s setting up for a rangebound 2025. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nissan is seeking a UK government-backed loan to support its Sunderland plant as part of plans to raise close to ¥1tn ($7bn) from asset sales and debt markets, according to people familiar with the matter.The struggling Japanese carmaker is trying to sell property and tap debt markets to address large loan repayments due next year. The fundraising includes a £1bn syndicated loan guaranteed by UK Export Finance.Under the provisional plans, Nissan could also issue more than ¥600bn in convertible bonds and securities,…
As Stellantis names insider Antonio Filosa to take over as chief executive, it turns out Wall Street is expecting more from the Jeep maker’s stock price than any of its major rivals. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It is hard to think of many good things that came out of the Cold War. About the only example that comes to mind is Cohiba. What began as the personal cigar of Fidel Castro has now evolved into a luxury marque that stands shoulder to shoulder with Hermès or Chanel as a maker of products as rare as they are recognisable.The Cohiba that gets cigar collectors and aficionados most worked up is the Behike, which was launched in 2010 and celebrated its 15th anniversary…