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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Salesforce chief executive Marc Benioff has dismissed concerns of a “SaaS-pocalypse” hitting business software even as the group posted a weak revenue forecast amid investor fears that AI will disrupt its business. The group on Wednesday said its full-year revenue would come in between $45.8bn and $46.2bn, undershooting analysts’ estimates of $46.1bn, according to S&P Visible Alpha.Salesforce, which sells software as a service (SaaS) to track customer relationships, has faced pressure from investors during a market rout spurred by the risk that…

At roughly $116.84 today, after closing Friday near $121.27 and trading inside a $115.32–$118.10 intraday range, is hovering close to the bottom of its $111.04–$190.09 52-week band. The stock trades on about 30.3x trailing earnings, a forward P/E in the low-20s, a price-to-sales multiple near 6.2x (toward the bottom of its historical 4x–14x range), and a dividend yield around 4.05%. For an asset-light manager overseeing roughly $1.27 trillion in AUM, with the majority of economics coming from recurring fees, this discount reflects macro and political anxiety around private markets rather than a collapse in the company’s own fundamentals. That is…

As you know, I’ve been watching the travel industry for a long time, and the data right now is telling a compelling story that’s hard to ignore. Despite the negative headlines, rising oil prices and a healthy dose of political noise, global travel is running at full throttle. By virtually every meaningful metric, the runway looks even longer to me. According to the UN World Tourism Organization, an estimated 1.52 billion international tourists traveled the world in 2025. That’s nearly 60 million more than the year before, representing 4% growth, and it marks a return to the steady, pre-pandemic growth…

Qantas logs record first-half profit on strong travel demand, new aircraft

The Netherlands Bank (DNB) is to oversee an enhancement of cyber and physical defences, for itself and the country’s lenders, in the face of heightened geopolitical volatility.In an announcement on February 24, the bank said it had studied how different scenarios would impact the Netherlands’ economy, commercial banks and DNB itself. The scenarios included cyber attacks, disruption to logistics chains, longer power outages, and “economic and physical warfare”.DNB said it had identified key Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.To access these options, along with all…

Key takeaways:Bitcoin bulls need a 9% rally from current levels to take the advantage in Friday’s $10.5 billion options expiry.The 90% correlation between Bitcoin and the Nasdaq 100 Index shows that tech investor sentiment drives market confidence.Bitcoin (BTC) price surged to an eight-day high on Wednesday, successfully forming a double bottom near the $62,500 level. Despite these recent gains, Bitcoin price remains 21% lower than it was one month ago, suggesting bulls are unlikely to come out ahead during Friday’s $10.5 billion monthly BTC options expiry. Whether bulls can flip the tables at the last minute and shift momentum back…

In a market where investors have been quick to punish software stocks, Snowflake’s report didn’t offer enough to excite Wall Street.

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxChinese New Year marks more than the start of a new lunar cycle. For many Singapore SMEs, it represents a reset and a chance to reflect on festive trading performance and set the tone for the months ahead.Now that the celebrations have concluded and we enter the Year of the Fire Horse, the focus shifts from managing peak demand to planning for sustainable growth. The horse symbolises energy, drive and forward momentum. The Fire Horse will no doubt bring with it some disruption and ambiguity for customers, businesses and…

A French utility has agreed to buy the owner of the electricity cables and power lines across London, the south-east and the east of England in a deal worth £10.5bn.Paris-headquartered Engie said on Wednesday that it had struck a deal to buy UK Power Networks (UKPN) in a “major milestone” for the company’s ambition to become the “best energy transition utility”.Engie will buy the electricity network operator, which operates about 192,000km of power lines serving 8.5 million customers across London and southern and eastern England, from a Hong Kong-based conglomerate founded by billionaire business magnate Li Ka-shing, which has owned…

IMF’s Georgieva says tariffs lifted goods inflation, backs gradual Fed easing and deficit action.Summary:Goods inflation partly tariff-drivenFed funds at 3.25%–3.5% consistent with full employmentUS debt requires determined fiscal actionIMF shares concern on trade deficitsCurrent account deficit “too big”No formal view yet on tariff court rulingCourt implications to be incorporated into Article IVIMF Managing Director Kristalina Georgieva said US goods inflation has been “somewhat affected” by tariffs, underscoring the lingering price effects of trade policy even as broader inflation moderates.Speaking alongside the Fund’s Article IV review of the United States, Georgieva indicated that bringing the federal funds rate down to a…