WeWork was one of the world’s most lauded start-ups in recent years, being valued around $50bn. But just four years since that peak valuation, the company has filed for bankruptcy. Cloaked in the guise of a tech enterprise, WeWork ultimately revealed itself as an office rental business. Its downfall was the result of internal challenges it created for itself, compounded by external forces beyond its influence, such […]
The forex – foreign exchange- market has had a busy week, with many savvy traders earning decent figures on their currency trades. The euro and pound are heading for significant gains against the dollar at the end of this week, as the US-led rally in global bonds sent yields down, and with them the dollar, bringing relief even to the embattled Japanese yen. The Forex market is […]
The world’s first AI summit, which is being organised by UK Prime Minister Rishi Sunak at Bletchley Park, the country estate where Alan Turing cracked the Enigma code that helped end the second world war, is being held next week. A guestlist of around 100 invited attendees includes Microsoft president Brad Smith, OpenAI chief executive Sam Altman, Google DeepMind chief Demis Hassabis, and from Meta AI chief […]
The tragic, ongoing Israel-Hamas war is a harrowing reminder of the enduring geopolitical turmoil in the Middle East. Amidst this appalling crisis, the value of Bitcoin, a digital currency often categorised as a “risk on” asset class, has dropped, alongside most other riskier assets, including global stock markets. However, there are reasons, and also historical context, to suggest that due to its underlying core characteristics, should the […]
The US dollar strengthened against most of its major peers this week as traders digested the shock attack by Hamas within Israel. The ICE US Dollar Index DXY, a gauge of the currency’s strength against a basket of rivals, rose 0.5% to 106.52, according to FactSet data. This is hardly surprising as in times of geopolitical crises, investors typically pile into safe haven assets, such as the […]
Selecting a financial adviser is a crucial decision that can significantly impact your investments and, therefore, your financial future. Before entrusting someone with your financial well-being, it’s essential to ask the right questions and get satisfactory answers. Here are seven critical questions to ask a potential financial adviser before making a commitment: 1. What are your qualifications and credentials? Start by inquiring about the adviser’s qualifications and […]
The surge in crude oil prices towards $100 a barrel in early trade on Thursday has sent ripples across global financial markets. The implications of such a price spike extend far beyond the energy sector; it affects global investors and their portfolios in several important ways. One of the most immediate concerns for global investors is the fear that high crude oil prices will stoke inflation. Oil […]
The UAE raised $1.5 billion from a bond sale on Monday, marking the country’s return to international debt markets for the first time in more than a year. This move by the UAE’s government is not just significant for the Gulf nation, but is also piquing the interest of international investors globally. 45% of the investors were from the Middle East; 21% from the US; 14% from […]
The US dollar, long regarded as the world’s global reserve currency, is facing growing speculation among experts about its long-term decline in dominance. Several key factors contribute to this outlook, raising questions about the future of global finance and investment. There are several reasons why the dollar’s dominance is on the wane. A major concern is the ballooning US national debt. Over the years, the US government […]
Bitcoin, previously known for its ‘wild price swings’, is now trading sideways which is both a blessing and a curse for investors, affirms the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations. The analysis from deVere Group’s Nigel Green comes as volatility for major cryptocurrencies including Bitcoin and Ether are at multi-year lows – and have been for several months […]
Arabian Post Staff The United Arab Emirates announced today that it will transition to a four and a half day working week, with Friday afternoon, Saturday and Sunday forming the new weekend. The new working week will commence January 1, 2022, across the federation of seven emirates (Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain) that make up the UAE. Currently the working […]
May 12, 2017 by: Mark Robinson and Emma Powell, Investors Chronicle Shares in Anglo American have risen 84 per cent base-to-apex within the past 12 months, a reflection of improved commodity pricing combined with cumulative rationalisation measures. Earlier this year, it was announced that the miner’s chairman, Sir John Parker, had decided to call it a day after an eight-year tenure in which he oversaw the sale […]
Donald Trump has chosen Woody Johnson, the billionaire owner of the New York Jets American football team and veteran Republican political donor, as his ambassador to Britain. Speaking to Republicans at a lunch in Washington ahead of his inauguration on Friday, Mr Trump revealed that he had chosen the owner of the sports team as ambassador, as he kept his penchant for announcing appointments of his team […]
Much of the markets’ mixed reaction reflects uncertainty about a new president who has never held public office, leaving political leaders, business executives and international institutions to make bets on how a Trump administration may rewrite rules that have governed global affairs under American presidents of both parties. Continue reading the main story “For allies and adversaries alike, the election of Donald Trump represents the likely abandonment […]
As night fell on June 15, volunteers at the Birstall Wellbeing Centre in West Yorkshire were preparing for their usual Wednesday group session. The centre offers Reiki healing, palm readings and holistic massage. Rebecca Walker, who opened the centre eight years ago, is haunted by that night in June. At about 6.30pm, a man in his 50s walked through the door. He was thin, on the short […]
|By Matein Khalid| David Cameron, Wall Street’s elite, Mutti Merkel, Obama, the Eurocrats of Brussels, the great and the good of the City and the IMF’s Lady Christine all got it so horribly wrong. I slept Thursday night with sterling at 1.50 on New York and awoke to see it trade at 1.34 on Friday, a 30 year low before the Plaza Accords. Britain has voted to […]
Far-right and anti-European Union parties have made sweeping gains in the European Parliament elections held over the 28 member states. Voters in 21 of the EU’s states went to the polls on Sunday, choosing members for the bloc’s 751-seat legislature. The other seven countries in the bloc had already voted in a sprawling exercise of democracy that began on Thursday in the United Kingdom and the Netherlands. […]
Attacks on Nigel Farage, Ukip’s leader, by other politicians have not damaged his standing with voters Photo: EPA Nick Clegg was at his most priggish this week as he sought desperately to persuade the public not to back Ukip in the European elections. Indeed, he laid into not only Nigel Farage, but all those who back him – which, by my reckoning, could be some five million voters. […]
