Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Automobiles myFT Digest — delivered directly to your inbox.One in five automotive chief executives has stepped down over the past 12 months as the industry wrestles with a shortage of leaders to navigate rising geopolitical turbulence and increased competition. CEO changes have occurred at Stellantis, Volvo Cars, Lucid and Nissan with chiefs at 11 of the top 50 automotive companies in the role for less than a year, according to executive search firm Savannah. Globally, the average annual churn rate of CEOs at listed companies across all sectors has been one in…
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. The S&P 500 rallied yesterday, as investors rejoiced over Donald Trump backing down, for now, from higher tariffs on the EU (Taco!). The index rose 2 per cent, led by consumer discretionary and info tech; defensives such as utilities and real estate were also up, but by less. Email us: unhedged@ft.com.People think I’m wrong about stablecoinsYesterday, after I wrote that stablecoin issuers are banks…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a science commentatorThe news this month of a medical first — an infant receiving personalised gene therapy for a life-threatening rare disease — is a milestone that matters many times over. It gives some hope to young patients and their families facing otherwise bleak futures: three in 10 children with rare genetic conditions die before turning five.It shines a spotlight on rare diseases, which garner less attention than common killers like cancer and heart disease. Such conditions are individually…
One scoop to start: Citadel Securities’ profits jumped nearly 70 per cent in the first quarter to $1.7bn, as the high-speed trading firm benefited from a surge of volatility across financial markets as Donald Trump retook office.Another scoop: McKinsey has cut more than 10 per cent of its staff in the past 18 months, reversing a big expansion plan that peaked during the coronavirus pandemic when consulting services were in high demand and the firm increased its workforce by almost two-thirds.And a third: Private equity groups TPG and Blackstone made an approach to take Hologic private, offering to purchase the…
Many digital asset firms are trying to emulate software group Strategy’s success Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a former supervisory board member of the European Central Bank and a senior fellow at Bocconi University Paul Volcker’s famous judgment against financial innovation sounds exaggerated today. In late 2009, the former Federal Reserve chair quipped that “the most important thing banks invented is the ATM”. But 15 years on, our spending routines are less cumbersome, time consuming and boring than they ever were, thanks to the fortunate marriage of digital and payment technologies. Yet, not all innovation is…
Images: Supplied As the regulatory and economic landscape across the MENA region grows increasingly complex, businesses are rethinking how they engage with legal and compliance services. Supporting this transformation is Oryx Legal Consultants, a UAE-based firm founded by Natalie Boyd and Vanessa Abernethy, which is challenging traditional models with its multidisciplinary, partner-led approach. In this interview, the co-founders discuss rising demand for fractional legal support, the evolving needs of corporate clients, their expansion plans into Saudi Arabia, and how being female founders in a once male-dominated industry has shaped their journey. What trends are shaping the future of legal and…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Brussels will urge EU countries to cut water use by at least 10 per cent by 2030 as the bloc faces longer and more widespread droughts.The plan, due to be presented next month and seen by the Financial Times, marks the first time the European Commission will set a target for water efficiency and signals concern about the EU’s dwindling groundwater reserves.“We need to think about how we need to use water more efficiently,” EU environment commissioner Jessika Roswall told the Financial…
Image: Supplied If any nation has the potential to be a global AI powerhouse, it is the UAE. Long before ChatGPT’s landmark launch, it was the UAE that created the world’s first AI ministry. In the years since, the government has never missed an opportunity to encourage private-sector enterprises to adopt the latest and greatest, and to do so itself. And it shows. Last year, the country’s AI market was estimated at nearly a billion dollars ($949.8m), according to one estimate, and is projected reach $4.3bn by 2030 — compound growth of more than 28 per cent across just six…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.In 2000, the fresh-faced British sailor Iain Percy crushed the competition in Sydney Harbour to win the first of two Olympic gold medals. He went on to manage the Artemis Racing team, skimming over the water in the America’s Cup in yachts that have been described as the Formula 1 cars of the seas. Twenty-five years after that first triumph, Percy — now 49 and sporting an increasingly salty beard — is entering a new race involving lower speeds and rather more utilitarian…