INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

14 countries condemn Israel’s expansion of West Bank settlements, say actions ‘violate international law’

Fourteen countries, including France, Britain, and Germany, condemned on Wednesday Israel's recent approval of new Jewish settlements in the occupied...
  • In their statement, the countries stressed such unilateral actions "violate international law" and risk undermining the ceasefire in Gaza
  • They also reaffirmed their "unwavering commitment to a comprehensive, just and lasting peace based on the two-state solution."

Saudi Arabia urges Yemen separatists to cede seized territory

The Kingdom said the military movements in the governorates of (Hadramawt and Al-Mahra), recently conducted by the Southern Transitional Council,...
  • "These movements resulted in an unjustified escalation that harmed the interests of the Yemeni people with all of its segments," it added.
  • The 11-year war in Yemen has pitted the Iran-backed rebels against the internationally-recognized government, backed by a Saudi-led coalition that includes the UAE.

Nvidia expands AI empire with Groq talent grab

San Francisco, United States -- Nvidia has hired the leadership of a promising AI chip startup, a statement said Wednesday,...
  • Under the agreement, Groq founder Jonathan Ross and president Sunny Madra, along with other team members, will join Nvidia to help develop and scale the Groq's technology.
  • Nvidia's domination of the AI training chip market has made it the world's biggest company by market valuation.

Iran Guards seize foreign-crewed oil tanker in Gulf: state media

Iran's Revolutionary Guards on Wednesday seized an oil tanker in the Gulf carrying more than a dozen foreign crew members,...
  • Iranian forces regularly announce the interception of ships it says are illegally transporting fuel in the Gulf
  • They regularly target tankers that Tehran accuses of being part of the illicit trade in the Strait of Hormuz

Israel to invest $110 billion over the next decade to develop its own independent arms industry

Prime Minister Benjamin Netanyahu said Wednesday that Israel would invest $110 billion over the next decade to develop its own...
  • In a controversial speech, Netanyahu said Israel was becoming increasingly isolated and had to adopt a "super-Sparta" approach
  • In 2026, Israel will allocate about 16 percent of its public budget to defence -- around $35 billion out of an overall budget of $208 billion

Libyans united in grief for army chief killed in plane crash

General Mohammed al-Haddad and his four aides died on Tuesday after a visit to Ankara, with Turkish officials saying an...
  • "It will be hard to find a man of his calibre," Nasreddine al-Maghribi told AFP at a cafe in Libyan capital Tripoli.
  • Until a successor is selected, Haddad's deputy, General Salaheddine al-Namroush, will stand in for him, according to the presidential council.

Why metal prices are soaring to record highs

London, United Kingdom -- Precious and industrial metals are surging to record highs as the year ends, driven by economic...
  • Gold has climbed more than 70 percent this year and passed $4,500 an ounce for the first time on Wednesday.
  • A weak dollar is also boosting industrial metals, since commodities priced in dollars become cheaper for buyers when the currency falls.

Palestinian Authority says Israel tightening control over West Bank with new settlements

The Palestinian Authority condemned on Tuesday Israel's recent approval of 19 settlements in the occupied West Bank, accusing it of...
  • On Sunday, Israel's far-right Finance Minister Bezalel Smotrich announced the authorities had greenlit the settlements
  • The latest move brings the total number of settlements approved over the past three years to 69, Smotrich's office said

“New Suez Canal on rails”: Egypt high-speed trains to connect Red Sea, Mediterranean

Workers have started laying tracks in the desert east of Cairo for Egypt's first high-speed train, which will link the...
  • The Green Line, as it is known, is the latest of a long list of megaprojects undertaken by El-Sisi's government in the past decade
  • The Green Line will run across the country's north, from Ain Sokhna on the Red Sea to Marsa Matrouh on the Mediterranean

Gazans fear renewed displacement after Israeli strikes

Residents say the strikes have targeted neighborhoods east of the so-called Yellow Line -- a demarcation established under the truce...
  • Earlier this month, Israeli army chief Lieutenant General Eyal Zamir described the Yellow Line as the "new border line" with Israel.
  • For Palestinian officials, the line is seen as a tool for permanent displacement.

Iraqis cover soil with clay to curb sandstorms

Samawah, Iraq -- Deep in Iraq’s southern desert, bulldozers and earthmovers spread layers of moist clay over sand dunes as...

Latest News

Air India probe of Boeing 787 fuel control switches finds no issues

Mumbai, India - Air India's inspection of the locking feature on the fuel control switches of its existing Boeing 787...

Israeli airstrike kills five Palestinians in West Bank

Palestinian medics said an air strike targeting a car in the occupied West Bank killed five people on Thursday, while...

Dubai roads, airport reel from floods after record rains

Power outages were reported around Dubai, which was dotted with flooded areas and submerged and abandoned cars. One road tunnel...

Heavy storms soak Gulf as Oman toll rises to 18

Flooding hit many areas of Dubai and Abu Dhabi, the UAE capital, and cut off major roads, snarling traffic and...

Number of journalists killed on job in 2023 declines despite Gaza: RSF

In the first 11 months of 2023, 45 journalists were killed carrying out their work, down from 61 last year,...

Nvidia expands AI empire with Groq talent grab

San Francisco, United States -- Nvidia has hired the leadership of a promising AI chip startup, a statement said Wednesday,...

Iran Guards seize foreign-crewed oil tanker in Gulf: state media

Iran's Revolutionary Guards on Wednesday seized an oil tanker in the Gulf carrying more than a dozen foreign crew members,...

Israel to invest $110 billion over the next decade to develop its own independent arms industry

Prime Minister Benjamin Netanyahu said Wednesday that Israel would invest $110 billion over the next decade to develop its own...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Why metal prices are soaring to record highs

London, United Kingdom -- Precious and industrial metals are surging to record highs as the year ends, driven by economic...
  • Gold has climbed more than 70 percent this year and passed $4,500 an ounce for the first time on Wednesday.
  • A weak dollar is also boosting industrial metals, since commodities priced in dollars become cheaper for buyers when the currency falls.

Palestinian Authority says Israel tightening control over West Bank with new settlements

The Palestinian Authority condemned on Tuesday Israel's recent approval of 19 settlements in the occupied West Bank, accusing it of...
  • On Sunday, Israel's far-right Finance Minister Bezalel Smotrich announced the authorities had greenlit the settlements
  • The latest move brings the total number of settlements approved over the past three years to 69, Smotrich's office said

“New Suez Canal on rails”: Egypt high-speed trains to connect Red Sea, Mediterranean

Workers have started laying tracks in the desert east of Cairo for Egypt's first high-speed train, which will link the...
  • The Green Line, as it is known, is the latest of a long list of megaprojects undertaken by El-Sisi's government in the past decade
  • The Green Line will run across the country's north, from Ain Sokhna on the Red Sea to Marsa Matrouh on the Mediterranean