Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in leading Chinese battery maker CATL rose 12.6 per cent as trading began on Tuesday and retail investors followed up with strong demand for the biggest listing of the year to date globally.The secondary offering in Hong Kong raised at least $4.6bn, with the amount set to rise to $5.3bn if an option allowing underwriters to sell more shares than planned is exercised. It is among the largest-ever offerings in Hong Kong by Chinese companies already listed on the mainland, with…
An involuntary collection refers to a creditor collecting owed funds by garnishing a borrower’s income. Because the Department of Education has resumed collections on defaulted student loans, federal student loan holders in default who don’t take action will soon be subject to involuntary collections. Outside of making sufficient payments to get your debt back in good standing, your options for avoiding wage garnishment include consolidating your loans and requesting a lower payment from your lender. Key Takeaways Defaulting on your student loans can severely damage your credit score and incur financial penalties, such as wage garnishment.Proactive financial management and open…
Image: Mubadala Mubadala Investment Company has announced launched Mubadala Bio, a life sciences company aimed at strengthening the UAE’s pharmaceutical sector, improving health outcomes, and advancing economic diversification. The company will focus on national drug security, increased access to essential therapeutics and medical devices, and the development of a knowledge-based economy. The announcement was made ahead of Mubadala Bio’s participation in Make it in the Emirates 2025. Mubadala Bio operations Mubadala Bio’s operations include a network of 10 facilities across Asia, Africa, and Europe — six of which are located in the UAE — serving more than 100 countries. Collectively,…
Feng Ji is the founder and CEO of Baiont, a top-performing quant fund in China that uses artificial intelligence to develop trading strategies.He argues quant trading is fundamentally a computer science task and predicts that quant fund managers failing to embrace AI will not last another three years. In this conversation with the Financial Times’ Asia Technology Correspondent Zijing Wu, Ji talks about how his team of young computer scientists with no finance background is disrupting the quant trading sector in China and has ambition to go global. He says quant trading is attracting the best AI talents and offers…
Riding in an Uber can be a convenient way to get from point A to point B, but it’s also an easy way to lose your belongings in a stranger’s car. Sometimes the distractions of a trip cause riders to leave behind more than just their phone or wallet. Uber’s annual Lost & Found Index reveals some truly bizarre items that have been forgotten in the backseat, and tips for recovering them. Key Takeaways Uber’s Lost & Found Index tracks trends in forgotten items each year.2025’s lost objects included turtles, live lobsters, and smoking hookahs.If you lose something on an…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldEquinor’s $5bn Empire Wind project off the coast of New York will resume construction after the US government reversed its stop work order, one month after telling the company to halt construction on the development that has been in the Trump administration’s crosshairs.On Monday evening the Norwegian energy company said the Department of the Interior’s Bureau of Ocean Energy Management had allowed the project to continue, following dialogue with regulators and federal, state and city officials. “We appreciate the fact that construction…
Getting away and traveling for a year can be exciting, but it can come with a hefty price tag depending on how you travel and the destinations you visit. If you’re a budget traveler visiting inexpensive countries, you can backpack for a year for around $16,000. If you plan to be a budget traveler in more expensive countries, such as Western Europe, you may wind up spending $33,000 in a year. Key Takeaways Traveling the world with a backpack on any budget can be a memorable adventure. How much you spend depends on your style of travel, the destinations you…
Moody’s decision to lower the rating on U.S. government debt seems unlikely to shake up the corporate bond market too much. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is chief executive of the Health Foundation think-tankPlot a map of poor health in England and overlay it with where Reform UK saw its strongest vote share in the general election — the North East, Lincolnshire, east Kent, Essex, Barnsley, Hull, Rotherham — and there’s a striking match. The same pattern resurfaced in this month’s local elections. Might ill health be the secret sauce that helps Nigel Farage’s party win next time? The roots go deep. Ill health is tightly…
Market headlines and a roughly 10% year-to-date drop in the S&P 500 may cause some investors to hit pause. But history shows that buying opportunities often arise during pullbacks. Since its inception as a benchmark index in 1957, the S&P 500 has weathered multiple recessions, crashes, and recoveries—returning more than 10% per year, on average, over the decades, and rewarding patient investors who tune out the noise.This article explains why the S&P 500 remains a cornerstone holding, which four market indicators matter most, and how to judge whether recent dips present a buying opportunity. Key Takeaways The S&P 500 index generates…