Author: Arabian Media staff
“I don’t want to wait a day longer than I have to.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Investor Steven Wood has failed in his bid to win a board seat at Swatch Group, after the powerful Hayek family voted against his resolution at the struggling watch group’s annual meeting. Wood, founder of US firm GreenWood Investors, had campaigned for a board seat to drive a turnaround at Swatch, which owns 16 brands including Omega, Longines and Harry Winston. But his attempt faced long odds given opposition from the Hayek family, which owns 25 per cent of Swatch’s shares but…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldAfter much debate, US House Republicans have reached an agreement over Donald Trump’s multitrillion-dollar legislative plan to cut taxes. On Tuesday, the US president urged his party to approve his “big, beautiful bill” in a rare visit to the US Capitol. It now awaits approval from the House of Representatives. If passed, it will go on to the Senate. Lawmakers ought to think twice. Trump gets the bill’s branding only partly right. It is, indeed, enormous. It could raise US…
Your credit score can have a significant impact on your quality of life. Potential lenders associate poor scores with increased risk when they’re making loans. A low score can be seen as a red flag that you have failed to handle borrowing well in the past and might make the same mistakes again. This isn’t to say that lenders never extend loans to consumers with low credit scores, but they typically charge a higher interest rate if they do. It’s their way of compensating for the added risk they’re taking on. You’ll most likely need a credit score of at…
Analysts at the firm rolled out their coverage of 32 regional banks ahead of annual regulatory stress tests in June. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.HSBC has told staff at its UK retail bank that their bonuses could be cut if they fail to come to the office often enough.HSBC UK informed staff this week that line managers would start monitoring office attendance more closely, and adherence to its policy would form part of their annual performance review, according to a person familiar with the matter. If employees failed to meet the bank’s previously announced requirement of spending at least 60 per cent of their time in…
When it comes to annual spending, Generation Z spends less than older generations, such as millennials, Generation X, and baby boomers. So, how thrifty is Gen Z compared to their older counterparts? In 2023, Gen Z spent $52,891 on their average annual expenses, according to the most recent data from the U.S. Bureau of Labor Statistics. Millennials spent considerably more, $81,589, and Gen X spent the most: $95,692. Baby boomers spent $70,207. Key Takeaways Based on average annual spending data, Gen Z spends less than millennials, Gen X, and baby boomers.Gen Zers are teenagers still living at home and young…
“As a millennial, it’s been a long time since I’ve gotten physical mail. I had no idea that my relative would have been receiving solicitations daily from charities.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is part of the FT’s Financial Literacy and Inclusion Campaign At what age are children the most keen to learn about money? According to financial educator Abigail Foster, it is seven. Faced with a class of children, she says she can easily tell which ones talk about money at home with their parents, and those who do not.“The kids that don’t talk about money at home won’t put their hands up to answer questions, whereas those that do are just…
Presidential travel can make for splashy headlines—as when President Trump touched down in Riyadh trailed by nearly three dozen U.S. business titans hoping to ink deals alongside him. Photos of red carpets, armored limousines, and pallet‑loads of equipment revive an enduring question: Who exactly boards Air Force One with the president, and how big is the bill they rack up as they travel around the world? The answer is often several millions of dollars. And in almost every case, taxpayers foot the costs of aircraft, security, lodging, and logistics. With Congress sparring over the budget, taxpayers have fresh reason to scrutinize the…