Author: Arabian Media staff
Images: Supplied On May 15, 1935, a bold new chapter in Moscow’s history began underground. The city unveiled its first metro line — just 11.5 kilometres long, with 13 stations connecting Sokolniki to Park Kultury and Smolenskaya. Ninety years on, it stands as one of the world’s busiest, most beautiful, and technologically advanced metro networks. Built in an astonishing 3.5 years, the Moscow Metro was more than a transport system then; it was a statement of Soviet ambition, marrying technical prowess with architectural grandeur. In its first year of operation, the Moscow Metro averaged 177,000 trips per day. Passenger numbers…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Seven & i shareholders have backed its new chief executive as the 7-Eleven store owner faces a record-breaking $50bn takeover offer and tries to prove to increasingly divided investors that the Japanese retailer can stand alone.At the company’s annual meeting on Tuesday, shareholders voted through all board members and proposals, including the nomination of Stephen Dacus as a director. A failure to win convincingly could have thrown into jeopardy Dacus’s ascendancy to the CEO role, which will be confirmed by the new…
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereToday’s agenda: UK government shifts to shorter-term borrowing; exploiting Greenland minerals; Japan opens up defence procurement; Nick Candy’s start-up fund; and robot dogsGood morning. We begin with an exclusive story on EU regulators planning their first stress test to look for vulnerabilities in the financial system outside banks. The move reflects fears about the rapid growth of less regulated groups such as hedge funds and private…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is chief economist at ING The dollar is losing its status as an all-purpose haven, highlighted by Moody’s recent downgrade of its last remaining triple A credit rating from one of the big three agencies. The EU now has a unique chance to capitalise on investor doubts and promote the euro as a reserve currency, a move that would yield significant economic benefits. It is time to break the taboo around issuing common debt by the EU backed by member…
Images: Supplied As one of the most anticipated events on the global travel calendar, Arabian Travel Market (ATM) 2025 served as a hub for transformative conversations and bold industry announcements. Among the emirates making waves was Ras Al Khaimah, showcasing its dynamic tourism strategy, impressive visitor numbers, and robust pipeline of world-class hospitality projects. The emirate welcomed a record-breaking 1.28 million international visitors in 2024, and is targeting 3.5 million overnight tourists by 2030 — a feat supported by strategic partnerships, diversified tourism offerings, and a clear focus on sustainability and innovation. At ATM 2025, Ras Al Khaimah Tourism Development…
Trade tensions are building, the military alliance is under pressure and Korean domestic politics is fraught. Can Seoul negotiate a way out? Source link
Stay informed with free updatesSimply sign up to the UK inflation myFT Digest — delivered directly to your inbox.UK food inflation rose for the fourth consecutive month to a one-year high in May, driven by fresh food prices, according to industry data that suggests an ongoing squeeze on household finances.Food prices rose at an annual rate of 2.8 per cent in this month, up from 2.6 per cent in April and the fastest pace since May last year, the British Retail Consortium said on Tuesday.Helen Dickinson, chief executive of the BRC, said: “Fresh foods were the main driver, and red…
Wall Street appears poised to surge when markets open Tuesday, after two days of rallies by U.S. stock futures, spurred by President Donald Trump delaying his latest threat of 50% tariffs against European Union imports until July 9, to allow more time to reach a trade deal. Source link
A home equity line of credit (HELOC) can offer flexibility and relatively low borrowing costs. You only pay interest on the amount you use, making it more attractive than lump-sum loans for many homeowners. But while the benefits are well-known, the risks often aren’t. If you’re not careful, a home equity line of credit (HELOC) can lead to growing debt, unpredictable payments, and long-term financial strain. Key Takeaways Home equity lines of credit (HELOCs) usually have variable interest rates, which can lead to higher payments over time.Making interest-only payments may result in large monthly payments later on.Using a HELOC for…
What Is the Exponential Moving Average (EMA)? The exponential moving average (EMA) is a technical chart indicator that tracks the price of an investment such as a stock or a commodity over time. Like the simple moving average (SMA), the EMA tracks price trends over time. But the EMA is a weighted moving average that gives more importance to recent price data within the timeline being tracked. Watching several EMAs at the same time is easy to do with moving average ribbons. Traders and analysts rely on moving averages and ribbons to identify turning points, continuations, and overbought or oversold…