INSEAD-Day

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.

Social media fooled by AI video of ‘sky stadium’ for Saudi 2034 World Cup

Paris, France - An AI-generated video claiming to show one of the football stadiums for the 2034 FIFA World Cup...
  • The video of glowing arena built atop a towering skyscraper was shared by thousands of social media accounts, with millions of users believing it was the official visual
  • While Riyadh has unveiled plans to build a football area on a real estate complex in The Line – a futuristic new megacity project – the official plans bear no likeness to the clip

UN Security Council backs Morocco plan for W. Sahara autonomy

The UN Security Council voted Friday in favor of a resolution backing Morocco's autonomy plan for Western Sahara as the...
  • Western Sahara is a vast mineral-rich former Spanish colony that is largely controlled by Morocco but has been claimed for decades by the pro-independence Polisario Front
  • The Security Council had previously urged Morocco, the Polisario Front, Algeria and Mauritania to resume talks to reach a broad agreement

Unexploded bombs haunt Gazans, posing deadly risk as fragile truce halts demining efforts in ruins

After two years of war, the ruined cities of Gaza, a densely packed territory home to more than two million...
  • After two years of war, the ruined cities of Gaza, a densely packed territory home to more than two million Palestinians, are littered with military debris
  • In the streets of Gaza City, children play with rocket parts and the tail fins of mortar shells, oblivious to or unbothered by the danger

AI giants turn to massive debt to finance tech race

New York, United States -- Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn...
  • Meta raised $30 billion in debt and demand for its bonds was reportedly four times greater than supply.
  • The $30 billion in bonds scheduled to be repaid over the course of decades is intended to provide money to continue a breakneck pace of AI development.

Trump stirs global tensions with surprise nuclear test order

The announcement came in the wake of Russia saying it had tested a nuclear-powered and nuclear-capable torpedo, as well as...
  • The last US nuclear test explosion was in September 1992, a 20-kiloton underground detonation at the Nevada Nuclear Security Site.
  • Then-president George H.W. Bush imposed a moratorium on further tests in October 1992 that has been continued by successive administrations.

Amazon shares surge as AI boom drives cloud growth

San Francisco, United States - Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail...
  • The e-commerce giant's Amazon Web Services division, which recently suffered a global outage, saw revenues jump 20 percent to $33 billion in the third quarter
  • Amazon's major rivals in the cloud computing space, Microsoft and Google, on Wednesday also reported sales increases in their cloud computing business

After delays, Egypt set for lavish opening of grand museum

Cairo, Egypt - With much pomp and circumstance, Cairo is due to inaugurate on Saturday the long-awaited Grand Egyptian Museum,...
  • With a panoramic view of the Giza pyramids plateau, the GEM houses thousands of artefacts spanning more than 5,000 years of Egyptian antiquity at a whopping cost of over $1 billion
  • More than two decades in the making, the ultra-modern museum anticipates five million visitors annually, with never-before-seen relics on display

Backed by its sovereign wealth fund, Saudi chases AI ambitions with homegrown firm pitched to global investors

The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in...
  • The company, launched in May, is bankrolled by Saudi's powerful Public Investment Fund, which has played a key role in financing the kingdom's gigaprojects
  • But Riyadh's ambitions to become a global AI hub face fierce competition from the neighbouring United Arab Emirates, which have invested in AI for years

TotalEnergies net profit soars despite lower oil prices

Paris, France -- French oil and gas giant TotalEnergies reported on Thursday a sharp increase in third-quarter net profit despite...
  • The company said net income grew around 61 percent to $3.7 billion compared to the same period last year, even as oil prices fell by more than $10 per barrel year-on-year.
  • TotalEnergies shares were down 1.4 percent in afternoon trading while the Paris stock exchange's blue-chip CAC 40 index was 0.7 lower.

Israel says received bodies of two Gaza hostages from Red Cross

Not including the latest two, Hamas have so far given back the remains of 15 of the 28 deceased hostages...
  • Israel launched a wave of strikes on Gaza overnight from Tuesday to Wednesday after an attack that left an Israeli soldier dead in the south of the Palestinian territory.
  • Hamas has said its fighters had "no connection to the shooting incident in Rafah" and reaffirmed its commitment to the truce.

Four European nations urge Israel to end West Bank ‘settler violence’

"We -- France, Germany, Italy, the United Kingdom -- strongly condemn the massive increase of settler violence against Palestinian civilians...

Latest News

Italy’s Leonardo launches joint venture with UAE defence firm

Milan, Italy -- Italian defense group Leonardo said Wednesday it had agreed to launch a joint venture next year with...

Flydubai inks $13bn Boeing deal for 75 jets as city’s airlines build up

State-owned flydubai and its long-haul partner airline, Emirates, have been the chief deal-makers at this week's Dubai Airshow, the largest...

Nvidia, Microsoft invest $15 billion in AI startup Anthropic, creator of the Claude chatbot

Nvidia and Microsoft announced Tuesday investments totaling $15 billion in AI startup Anthropic, creator of the Claude chatbot, amid frenzied...
INSEAD Day 1- 300x600
INSEAD Day 1- 300x600

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Turkey seeks to host next COP as co-presidency plans with Australia falter

Turkey wants to host next year's UN climate change talks and is ready to organise the event alone if there...
  • Australia and Turkey are locked in a stalemate over who should host the 31st United Nations Climate Change Conference (COP31) in 2026
  • The host is selected by consensus, so unless Australia or Turkey withdraws or the countries agree to share the conference, both will miss out

Cervical cancer vaccine push has saved 1.4 million lives: Gavi

Geneva, Switzerland - A three-year campaign to bring vaccines against human papillomavirus (HPV) to low-income countries has prevented 1.4 million...
  • Cancer caused by HPV disproportionately affects low-income countries, which often lack screening services and access to treatment
  • These countries accounted for 90 percent of the 350,000 cervical cancer deaths recorded in 2022, according to Gavi

UN Security Council set to vote on Trump’s Gaza plan, deployment of international force

The draft, which has been revised several times as a result of high-stakes negotiations, "endorses" the plan, which allowed for...
  • The draft, which has been revised several times as a result of high-stakes negotiations, "endorses" the plan, which allowed for a ceasefire between Israel and Hamas to take hold
  • The latest version of the text authorizes the creation of an International Stabilization Force (ISF) that would work with Israel and Egypt and newly trained Palestinian police