Author: Arabian Media staff
Donald Trump’s threat to impose a 50 per cent tariff on all exports from the EU would deliver a hammer blow to key manufacturing sectors, including autos, aerospace, chemicals and other goods.The US is the EU’s largest single trade partner, accounting for just over 20 per cent of goods exports worth more than €530bn in 2024, according to figures from the European Commission.Germany, Ireland, Italy and France are the leading exporters by country. This include more than €200bn of machinery and vehicles, €160bn of chemicals and €25bn of food and drink.Some content could not load. Check your internet connection or…
Tariff worries reignited on Friday after President Donald Trump threatened the E.U. with 50% tariffs by June 1 and said he would impose a levy aimed at Apple. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The policy choices of the Trump administration have emphatically put the dominance of the dollar’s global reserve status in doubt. The big question is whether anything else is ready to take up the slack.A few months ago, talk of the US torching its own haven status was the wild-eyed stuff of old-school gold bug Twitter accounts. (The gold bugs, it turns out, were on to something.) Now the topic has shifted from taboo to perfectly reasonable, and the evidence to support it just…
Businesses often hesitate to hire new workers, even when they need them, due to the time, effort, and expense involved. They know that the cost of taking on a new employee is more than just the person’s salary and benefits, which can be substantial on their own. But once you factor in the expense of recruiting, training, and more, the dollars really start adding up. Here’s a look at the various costs a business can expect to incur in hiring a new employee. Key Takeaways The cost of hiring an employee goes far beyond just their salary and benefits. It…
Investor skepticism towards long-duration assets is a global phenomenon in 2025. Source link
New home sales jump in April to highest level in three years Source link
Stay informed with free updatesSimply sign up to the Financial services myFT Digest — delivered directly to your inbox.A former Credit Suisse banker who was paid $200,000 by a senior colleague using money from bribes has been banned from UK financial services, in the latest fallout from Mozambique’s $2bn “tuna bonds” scandal.The Financial Conduct Authority said Detelina Subeva told officials she did not know the money was tainted by corruption when it was paid to her by the colleague, named by US prosecutors as Andrew Pearse, with whom she was “in an intimate relationship”.But the FCA said it decided to…
Image credit: Getty Images Pakistan extended its airspace closure for all Indian-owned or Indian-operated airlines until 4:59 am local time on June 24, the Pakistan Airports Authority said in a statement on Friday. Read-Pakistan airspace ban: Indian airlines to suffer higher costs The restriction applies to “all aircraft registered, operated, owned, or leased by India” and includes Indian military aircraft, the authority said in a statement. The move extends restrictions first imposed last month amid continuing tensions between the two neighbours. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Raver Tots, Mighty Hoopla, Soho House Festival and Symphonic Ibiza are just a handful of events that have become major attractions for London’s parks during the summer festival season. But the outdoor gatherings have also become a point of tension for neighbourhoods in the UK capital, with residents and promoters fighting over the soul of London’s public green space. Councils, meanwhile, argue that festivals are a necessary way to generate income after more than a decade of central government budget cuts.Over the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.OnlyFans, the British online streaming platform for sex workers, sports stars and celebrities, is in talks with multiple investment groups to sell in a deal that could value the business at about $8bn. Leonid Radvinsky, the Ukrainian-American entrepreneur behind OnlyFans owner Fenix International, has been working with advisers to assess options around selling out of the business, according to a person familiar with the matter. The online streaming platform, which generates sales by giving its 305mn registered users access to exclusive content…