Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the UK energy myFT Digest — delivered directly to your inbox.Output in the UK’s energy-intensive industries has fallen by a third since 2021 to reach a 35-year low, reflecting their exposure to the highest electricity prices of any rich economy, official data showed on Monday. The production of paper, petrochemicals, basic metals and inorganic products such as cement and ceramics was in 2024 at its lowest level in records stretching back to 1990, the Office for National Statistics said.The figures underline the challenge facing ministers as they seek to shield British industry…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldEric Trump, son of the US president, is expected in Vietnam this week for discussions on a proposed new Trump Tower that come just as the south-east Asian nation rushes to avoid punitive US trade tariffs.The official Vietnam News Agency reported on Monday that the Trump Organization was considering expanding its investment in Vietnam by building the tower in the southern financial centre of Ho Chi Minh City.Eric Trump was expected to hold discussions with city officials on Thursday on…
If you’re looking to secure financing for your small business or score a better rate on a business insurance policy, establishing and building your business’ credit can boost your chances of doing so. Good business credit helps prove to lenders and vendors that your company is financially responsible and capable of repaying debts on time. Key Takeaways In order to establish your business credit, you must register for an EIN and DUNS number.You may also consider opening separate bank accounts for your business and personal funds.Try using business credit cards and establishing tradelines with suppliers and vendors to get more…
With millions of dollars in assets, the decision comes down to lifestyle in or out of retirement. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK government has finally arrived to clean up what it calls the “wild west” of “buy now, pay later” lending. A new sheriff will find that most of the cowboys in the sector have already cleaned up their act.The Treasury’s pledge to bring BNPL providers such as Klarna and Clearpay under the regulatory remit of the Financial Conduct Authority is logical. Behind the digital sheen, the short-term credit provided by most BNPL services would be familiar to any old western general…
The idea of “paying yourself first” can sound appealing if you think it means splurging on payday. In reality, paying yourself first means focusing your income to pay off debt and build savings, before you think about other expenses. It requires discipline, but embracing that concept may put you in a better financial position in the long run. The Federal Reserve Board reported in 2024 that less than half of Americans, only 48%, would be able to meet a $2,000 emergency expense using only their savings. Paying yourself first can protect you from surprise expenses and ease some other financial…
Citing a conversation with Walmart CEO Doug McMillon, Treasury Secretary Scott Bessent said the retailer will absorb some of the tariffs’ impact, as it did during President Trump’s first term in office. Source link
Stay informed with free updatesSimply sign up to the Pharmaceuticals sector myFT Digest — delivered directly to your inbox.US drugmaker Regeneron has agreed to buy 23andMe out of bankruptcy for $256mn, ending the genetics testing start-up’s messy run as a public company. The takeover comes less than two months after 23andMe filed for bankruptcy protection in a last-ditch attempt to sell itself. The sale to a pharmaceutical company could raise privacy concerns among the 15mn users who entrusted their genetic data to the start-up, which allows users to trace their family lineage.After peaking at a market value of $5.8bn in…
The S&P 500 rising above its 200-day moving average isn’t anything to bank on. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump’s commerce secretary Howard Lutnick will sell stakes in two publicly listed companies for $361mn to comply with government ethics rules.The Wall Street investor and Trump campaign mega donor will sell his shares in BGC and Newmark for $234mn and $127mn, respectively, the companies said on Monday.Separately, Lutnick also transferred his ownership in Cantor Fitzgerald into trusts for the benefit of his children, to be controlled by his son Brandon Lutnick.Wall Street executives who join government ranks are often…