INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Putin says Russia, Ukraine peace proposals “absolute contradictory”

Russian President Vladimir Putin said Friday that Russia and Ukraine's demands for peace were "absolutely contradictory", after two rounds of...

Musk’s world and we just live in it

Buying Twitter is just the latest conquest for Musk, who has revolutionized the car industry, sent his own rocket to...
  • Musk, 50, last year became the world's richest person taking the title from Amazon's Jeff Bezos
  • His new guise as a social media overlord will fuel controversy over his political views, business methods and outsized personality

Elon Musk reaches deal to buy Twitter for $44 bn

"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to...
  • The sale was a dramatic shift for the board, which had originally maneuvered to block Musk from taking the social media network private
  • Musk had taken a major stake in the firm earlier this month before lining up last week some $46.5 billion in financing to push forward with the purchase

GM plans electric Corvette

Traditional carmakers are in a race to make more electric vehicles.
  • GM has set a goal of overtaking Tesla in terms of sales of electric vehicles
  • To achieve that, it plans to invest $35 billion in electric and autonomous vehicles by 2025

4,500-year-old stone statuette found in Gaza

Carved out of limestone and 22 centimeters long, the 2500 BC statuette was found by a farmer working his land...
  • The find was the latest in Gaza, where tourism at archaeological sites is limited due to an Israeli blockade imposed since the militant group Hamas took over the enclave in 2007.
  • In February, workers at a construction site in northern Gaza discovered 31 Roman-era tombs dating to the first century AD.

Iran terms latest talks with Saudi Arabia as ‘positive’

Iran said Monday that the latest round of talks with Saudi Arabia was "positive and serious" and voiced hope for...
  • Shiite Muslim-majority Iran and the Sunni kingdom of Saudi Arabia support rival sides in several conflicts, including in Yemen
  • Iran's Nour news agency reported the latest talks were attended by senior officials from the two countries

Twitter shares rise on reports it will accept Musk takeover bid

The deal, which media outlets including The Wall Street Journal reported could be announced later in the day, would put...
  • About 20 minutes into trading, Twitter shares were up 3.6 pc amid an otherwise downbeat day in New York, where the Dow, Nasdaq and S&P 500 were all in the red by under one percent.
  • Musk had earlier this month launched his $43 billion hostile takeover bid for the company, casting it as a promotion of freedom of speech.

Iran urges new meet in Vienna talks ‘as soon as possible’

Iran called on Monday for a new meeting "as soon as possible" in the talks that have been held in...
  • Tehran has been engaged in negotiations with Britain, China, France, Germany and Russia directly and the United States indirectly to revive the 2015 deal.
  • The 2015 deal gave Iran sanctions relief in exchange for curbs on its nuclear program to guarantee that Tehran could not develop a nuclear weapon.

Putin congratulates Macron, wishes him ‘success’: Kremlin

Russian President Vladimir Putin congratulated French President Emmanuel Macron on his re-election and defeat of far-right candidate Marine Le Pen,...
  • "I sincerely wish you success in your state activities, as well as good health and well-being," Putin said in a telegram to Macron
  • But while keeping its diplomatic channels to Moscow open, France under Macron has joined the barrage of international sanctions on Russia

Rate hike fears and China lockdown drag down stocks

Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could threaten...
  • China's struggle to get a grip on a Covid outbreak that has forced Shanghai -- the country's biggest city -- into lockdown and dealing a blow to demand
  • All three main indexes on Wall Street ended more than two percent down Friday, and Asia followed suit with hefty losses

Twitter reexamining Musk’s takeover offer: report

Twitter is reconsidering Elon Musk's buyout proposal, with discussions between the two camps ongoing Sunday, The Wall Street Journal reported,...
  • Tesla CEO Musk said Thursday he had secured close to $46.5 billion to finance the transaction
  • The potential turnabout on Twitter’s part comes after Musk met privately Friday with several shareholders of the company

AI is learning to lie, scheme, and threaten its creators

In one particularly jarring example, under threat of being unplugged, Anthropic's latest creation Claude 4 lashed back by blackmailing an...

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US targets Houthi vessels, missiles in latest attack

Yemen's Houthis have been targeting shipping for months and their attacks have persisted despite repeated US and British strikes aimed...

Gaza ceasefire could start by next Monday: Joe Biden

A deal between Hamas and Israel could include the exchange of dozens of hostages for several hundred Palestinian civilians held...

Hizbollah fires rockets after deadly Israeli strikes on east Lebanon

Hizbollah announced several other attacks on Israeli sites and troops on Monday, with local media also reporting Israeli strikes on...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Europe gives accent to instant payments across the union

Brussels, Belgium - Bank customers will soon be able to transfer money across Europe within seconds after the EU adopted a...
  • Under the new rules, people in Europe will be able to transfer money within 10 seconds at any time of the day, including outside business hours
  • The law is expected to enter into force formally by April, and banks in the eurozone single currency area must allow instant payments within 18 months of that date

Renault Scenic model wins Car of the Year at Geneva auto show

Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first...
  • Renault is the only European automaker with a presence at this year's industry gala.
  • Volkswagen and Stellantis, whose brands include Peugeot and Fiat, decided to skip the event.

Japan’s Moon craft SLIM revives after lunar night

TOKYO, JAPAN – Japan's Moon lander has produced another surprise by waking up after the two-week lunar night, the country's space...
  • The unmanned Smart Lander for Investigating Moon (SLIM) touched down last month at a wonky angle that left its solar panels facing the wrong way.
  • As the sun's angle shifted, it came back to life for two days and carried out scientific observations, Japan Aerospace Exploration Agency (JAXA) said.