Author: Arabian Media staff

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Saudi Arabia is teaming up with BlackBerry co-founder Jim Balsillie in an effort to drive the kingdom’s below-par golf offerings out of the rough and on to the green of the sport’s big powers.Canadian entrepreneur Balsillie is investing $100mn over the next five years to develop luxury golf resorts in the country, which has far fewer courses than the neighbouring United Arab Emirates. The deal falls under Saudi’s Vision 2030, a plan to diversify the kingdom’s oil-dependent economy through a “strategic shift”…

Stay informed with free updatesSimply sign up to the Chinese economy myFT Digest — delivered directly to your inbox.The writer is a fellow at the Asia Society Policy Institute’s Center for China AnalysisTo understand China’s approach to the trade and tech war with the US, you have to understand the psychology of the man leading it. And that means grappling not just with ideology or grand strategy, but with humiliation. As it turns out, Xi Jinping is not just fighting a trade war. He’s fighting a memory.When a chorus of Chinese mouthpieces cited Mao Zedong’s On Protracted War to frame…

Western consumer brands in China have long been coming to terms with the prospect of lower growth in the world’s second-largest economy. But demand for Heineken’s beers tells a different story.In 2023, sales volumes for the Dutch lager maker’s various brands, including Amstel, rose more than 50 per cent. Last year, as the overall mainland China beer market shrank, its volumes increased nearly 20 per cent to just under 700mn litres — almost enough to serve a pint to everyone in the country.Heineken’s growth comes after a deal agreed in 2018 with China Resources Beer, China’s biggest brewer, which gave…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldA multibillion-dollar push by US President Donald Trump to tax money sent from the US abroad is likely to hurt poor Central American families the hardest while driving migrants to use informal, underground routes to send cash back home.The “big, beautiful” tax bill passed by the US House of Representatives on Thursday included a 3.5 per cent tax on remittance transfers made by anyone who is not a US citizen or national.The levy comes as part of a broader plan…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldSoftBank founder Masayoshi Son has floated the idea of creating a joint US-Japan sovereign wealth fund to make large-scale investments in tech and infrastructure across the US.The idea has been raised at the highest political levels in Washington and Tokyo, according to three people close to the situation, and could become a template for other governments to forge closer investment ties with the US.The plan, which has been discussed directly between Son and US Treasury Secretary Scott Bessent and outlined…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A row over a £1bn train fleet has broken out between the government and private transport operator First Group, threatening to overshadow the first nationalisation of a train operator under the Labour government. South Western Railway, one of the UK’s busiest rail operators, was taken into state control on Sunday. But only around five of its flagship new trains will be available to run, following years of delay in their rollout.First Group held the contract to operate the SWR franchise from 2017…

After 18 odd years, stocks are finally back in vogue. According to analytics company Gallup, 62% of Americans reported owning company shares in 2024 and 2025, a level previously not seen since 2007, the year the Great Recession began. No reason for this upturn in stock market participation was given, but popular tech stocks delivering bumper returns, greater accessibility thanks to the rise of online trading platforms, and increased access to employment-based retirement plans are likely factors. Key Takeaways 62% of Americans reported owning company shares in 2024 and 2025, the highest level since before the Great Recession. Stock ownership…

People who are married are far more likely to own stocks, whether personally or jointly with their spouse, than single adults. The higher household income achieved with two paychecks is a big factor but it isn’t the only one. Research finds that economic risk-sharing nudges married couples into the market while many singles remain on the sidelines. We explain below why being married means you’re more likely to be in the market. Key Takeaways Married adults are far more likely to report owning stocks than single adults. Combined incomes, pooled emergency funds, and the option to lean on a partner…

“We have $2.5 million in tax-deferred retirement accounts.” Source link

It was moves in the bond market that took center stage on Wall Street this week. Source link