INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Netanyahu says to visit New York despite Mamdani arrest threat in compliance with ICC warrant

Israeli Prime Minister Benjamin Netanyahu said Wednesday he still planned to visit New York despite incoming mayor Zohran Mamdani's threats...
  • Mamdani has vowed to send the NYPD to enforce arrest warrants against leaders wanted by the ICC, including Netanyahu
  • Despite Mamdani's statements, an arrest of Netanyahu is considered unlikely, and it is debatable if the mayor-elect has the authority

Egypt says $35 billion Israel gas deal ‘commercial’, not ‘political’

Under the agreement, Israel will increase the total volume of gas supplied to Egypt to 130 billion cubic meters, according...
  • Egypt has struggled with energy supplies in recent years, having sought to both meet its domestic needs and position itself as a regional energy hub.
  • Egypt was the first country in the region to sign a peace deal with Israel in 1979, and the two countries have since had decades of close security collaboration.

US, Qatar, Turkey, Egypt to hold talks on next phase of Gaza truce in Miami

Under the second stage, Israel is supposed to withdraw from its positions in Gaza, an interim authority is to govern...
  • But progress has so far been slow in moving to the following phase of October's agreement between Israel and Hamas.
  • Turkey said Foreign Minister Hakan Fidan would attend the talks.

Putin says Russia will ‘certainly’ achieve its goals in Ukraine including seizing the territories

Russian President Vladimir Putin said on Wednesday Moscow would "certainly" achieve its goals in the offensive in Ukraine, including seizing...
  • "The goals of the special military operation will certainly be achieved," Putin told a meeting with defence ministry officials in Moscow
  • His hawkish comments come as Ukraine on Monday hailed "progress" made on the question of future security guarantees for Kyiv

Trump imposes full travel bans on seven more countries, Palestinians

Other countries newly subjected to the full travel ban came from some of Africa's poorest countries -- Burkina Faso, Mali,...
  • The Trump administration has promised to let in athletes for football's signature competition, but has made no such promises for fans of blacklisted countries.
  • Global Refuge, a Christian-based group that supports refugees, warned that the travel ban would push vulnerable people further into harm's way.

Global coal demand expected to hit record in 2025: IEA

In its annual report on the coal industry, the International Energy Agency said demand was on course to rise by...
  • China and India are usually the main drivers of growth in coal consumption as the two emerging economies race to meet rising demand for electricity.
  • The IEA sees demand in China, the top coal consuming nation, decreasing somewhat over the next five years.

Ancient cures and AI: WHO seeks evidence for traditional medicine

New Delhi, India -- The World Health Organization opens a major conference on traditional medicine on Wednesday, arguing that new...
  • The meeting in New Delhi will examine how governments can regulate traditional medicine while using emerging scientific tools to validate safe and effective treatments.
  • The UN body hopes this push will help make ancestral practices more compatible with modern healthcare systems.

Famed Jerusalem stone still sells despite West Bank economic woes

Sair, Palestinian Territories - Despite the catastrophic state of the Palestinian economy, Faraj al-Atrash, operator of a quarry in the...
  • The war in Gaza, triggered by Hamas's October 2023 attack on Israel, dealt a severe blow to a Palestinian economy that was already in poor shape
  • Israel, which has occupied the West Bank since 1967, has recently set up hundreds of new checkpoints across the territory, paralysing commercial transport

Netflix boss promises Warner Bros films would still be seen in cinemas

Netflix will continue to distribute Warner Bros. films in cinemas if its takeover bid for the storied studio is successful,...
  • "We're going to continue to operate Warner Bros. studios independently and release the movies traditionally in cinema," chief executive Ted Sarandos said
  • In early December, Netflix announced that it had reached an agreement with Warner Bros. Discovery (WBD) to acquire most of the group for $83 billion

US unemployment rises further, hovering at highest since 2021

A deteriorating jobs market could nudge the central bank to lower rates further to boost the economy, despite some policymakers'...
  • The report underscoring a labor market cooldown in the world's biggest economy said the economy lost 105,000 jobs in October.
  • Hiring picked up again in November to 64,000, but this was still a slower pace than before.

US deploys aircraft carrier as Iran warns against attack, says ready to hit back

A US naval strike group led by an aircraft carrier has deployed to Middle Eastern waters, the United States said Monday,...

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Russia joins Chinese, Iran warships for military drills off South Africa

A Russian warship arrived off South Africa's main naval base Friday to join Chinese and Iranian vessels for military exercises that...

Defiant Khamenei insists ‘won’t back down’ in face of growing Iran protests

Iran's supreme leader Ayatollah Ali Khamenei on Friday insisted the Islamic republic would "not back down" in the face of...

Israel president meets diplomat expected to serve on Trump’s Gaza peace board

Israel's President Isaac Herzog on Thursday met with former UN Middle East envoy Nickolay Mladenov, whom media reports say is...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Some food preservatives linked to higher cancer, diabetes risk

Paris, France -- Eating some common food preservatives is linked to a slightly higher risk of eventually developing cancer and...
  • The preservatives included nitrites and nitrates, which are often used to cure ham, bacon and sausages.
  • The second study, published in Nature Communications, also found a link between eating some food additives and developing type 2 diabetes.

Yemen separatist leader fled to UAE: Saudi-led coalition

Aidaros Alzubidi was accused of high treason and removed from Yemen's Presidential Leadership Council on Wednesday, while the coalition bombed...
  • Last month's STC offensive brought fresh turbulence to fractured Yemen and exposed deep rifts between Gulf allies Saudi Arabia and the UAE.
  • The oil-rich neighbors formed the backbone of the coalition fighting Iran-backed Houthi rebels in Yemen, who overran the capital Sanaa in 2014 and still control much of the country

Saudi strikes Yemen after separatist leader skips talks

A Saudi-led coalition struck the home province of Yemen's UAE-backed separatist leader on Wednesday, after he failed to show up...
  • The separatists said they were open to discussions but warned they had lost contact with their delegation in Riyadh
  • On Wednesday, more than 15 air strikes hit Dhale, a local official told AFP, killing four people, according to two hospital sources