Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.For years, the German town of Bielefeld has been the butt of a national joke: that it doesn’t exist. On Saturday, its football club Arminia Bielefeld will have a chance to put the city squarely on the map, by lifting the German Cup in Berlin.Facing top-tier VfB Stuttgart, the third-division side is eyeing the first major trophy in a 120-year history marked by as many stumbles as successes. Bielefeld played in the Bundesliga as recently as 2022, but was relegated at the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is an FT contributing editorThis month the Federal Reserve decided it would cut its own workforce by a tenth over the next several years. The move has been reported as a way to find savings at the Fed before the so-called Department of Government Efficiency knocks on the door. That may be right, but the Fed has another problem it doesn’t like to talk about: it’s operating at a loss. On purpose.When a commercial bank lends you money, it’s adding…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A potential £300mn hit to profits; a month without online orders; gaps on the shelves; stolen customer data and now the chance the upheaval could last until July — this is the M&S cyber meltdown. The enduring fallout from the cyber attack on one of Britain’s most beloved retail brands overshadowed an otherwise exemplary set of results this week. The numbers showed the City what every middle class female shopper already knew — M&S has finally got its mojo back in both…
This week’s ‘reset’ deal is a welcome return to pragmatism. But both sides must go further in facing up to the new world order Source link
An ardent enquiry into the world’s most obsessed-over carb Source link
The spotlight is back on U.S. supply chains after President Trump threatened new E.U. and smartphone tariffs Source link
After 717 days, two law changes, one election and a revolving cast of Tory power brokers, Emirati ministers and Downing Street policymakers, the tortuous sale of the UK’s Telegraph newspaper may — finally — be drawing to a close.On Friday, RedBird Capital Partners agreed to buy the media group for £500mn, in a deal that would make the US private equity group the sole controlling owner. The transaction leaves the door open for Abu Dhabi’s IMI to take a minority stake, after the British government last week changed the law to allow up to 15 per cent of a domestic…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Oracle will spend about $40bn on Nvidia’s high-performance computer chips to power OpenAI’s new giant US data centre, as technology groups race to build the vast infrastructure needed to underpin artificial intelligence models.The site in Abilene, Texas, has been billed as the first US Stargate project, the $500bn data centre scheme spearheaded by OpenAI and SoftBank, and will provide 1.2 gigawatts of power when it is completed next year, making it one of the largest in the world. Oracle would purchase about…
A tiny home can help you achieve your dream of home ownership without the hefty price tag. The smaller size and simple design translate to a smaller footprint and lower costs. If you’re worried about how to afford one, there are personal loans and, in some cases, mortgages to help you achieve your dream of tiny homeownership. Key Takeaways You can use a personal loan to finance the purchase of a tiny home.A personal loan has higher interest rates and shorter repayment terms than a traditional mortgage, which doesn’t apply to a tiny home.You can use your tiny home to…
U.S. President Donald Trump issued new tariff threats on Friday that targeted the European Union and makers of smartphones, saying the E.U. will face a 50% levy on June 1 because trade talks are “going nowhere.” Source link