INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Pakistan air strikes kill 46 in Afghanistan: Taliban spokesman

Kabul, Afghanistan - Pakistan air strikes in an eastern border province of Afghanistan killed 46 people, the Taliban government spokesman told...
  • Border tensions have risen since the Taliban's 2021 takeover, with Islamabad accusing Afghan-based militants of attacks
  • Islamabad has accused Kabul's Taliban government of harbouring militant fighters, allowing them to strike on Pakistani soil with impunity

Israeli army says intercepted missile from Yemen before it entered Israeli territory

Jerusalem, Undefined - The Israeli army said Wednesday it intercepted a ballistic missile fired towards the country from Yemen. Air raid...
  • Air raid sirens sounded over a wide swathe of central Israel as a precaution against falling debris, but the army said it shot down the projectile before it entered Israeli territo
  • Yemen's Iran-backed Huthi rebels have repeatedly launched missiles against Israel in solidarity with the Palestinians since the war in Gaza began more than a year ago

Syria authorities say armed groups have agreed to disband

Syria's new leaders announced Tuesday that they had reached an agreement with the country's rebel groups on their dissolution and...
  • Absent from the meeting were representatives of the US-backed, Kurdish-led forces
  • Turkey has "real economic leverage" thanks to a 900-kilometer border with Syria

Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.
  • The buyback announcement came as Honda and its struggling rival Nissan agreed on Monday to launch talks on a merger.
  • Honda will buy back its own shares worth up to 1.1 trillion yen, or 23.7 percent of the total issued shares, to improve "efficiency of its capital structure".

Musk’s AI startup raises $6bn more, Saudi and Qatari funds among investors

Paris, France -- Billionaire tech mogul Elon Musk's startup xAI said it had raised $6 billion from investors in its latest...
  • The firm, whose flagship product is the Grok chatbot, garnered support from US venture capitalists, chipmakers NVIDIA and AMD.
  • It also garnered support from investment funds from Saudi Arabia and Qatar among others.

Asian stocks mostly up after US tech rally

Asian stocks were mostly higher on Tuesday after a tech rally on Wall Street, but their gains remained modest in...
  • Hong Kong stocks were "consolidating before the long holiday"
  • Honda shares soared 16 percent after announcing a buyback of up to $7 billion

Netanyahu tells Israel parliament ‘some progress’ on Gaza hostage deal, defence minister admits to killing Haniyeh

In an interview with The Wall Street Journal last week, Netanyahu said, however, said he was not going to agree...
  • In recent days, indirect negotiations between Israel and Hamas mediated by Qatar, Egypt, and the US took place in Doha, rekindling hope of an agreement that has proven elusive
  • Negotiations have faced multiple challenges since a one-week truce in November 2023, with the primary point of contention being the establishment of a lasting ceasefire

Honda and Nissan expected to begin merger talks

Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants...
  • Their collaboration would create the world's third-largest automaker
  • Honda and Nissan's partnership could include a manufacturing tie-up

Pope again condemns ‘cruelty’ of Israeli strikes on Gaza

"And with pain I think of Gaza, of so much cruelty, of the children being machine-gunned, of the bombings of...
  • The mounting criticisms of Israel appear to mark a change in the pope's tone in recent weeks. He has consistently called for peace since the beginning of the Israel-Hamas war
  • At the end of September, the Pope also criticized Israel's "immoral" use of force in Gaza and in Lebanon

Tunisia women herb harvesters struggle with drought and heat

In Tunisia's highlands, women harvest wild herbs to earn a living, but drought is making their work harder, shrinking incomes...
  • Tunisia produces around 10,000 tons of aromatic and medicinal herbs each year, according to official figures.
  • Rosemary accounts for more than 40 percent of essential oil exports, mainly destined for French and American markets.

Israel returns 15 bodies to Gaza after hostage remains identified

It came after Israel announced that a body handed over by Hamas on Tuesday was that of Dror Or, one...

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UN Security Council to meet over drone raid in Poland blamed on Russia

The UN Security Council announced it would hold an emergency meeting Friday to discuss discuss violations of Poland's airspace, a...

At major settlement project ceremony in West Bank, Israel PM vows ‘there will be no Palestinian state’

"We are going to fulfil our promise that there will be no Palestinian state, this place belongs to us," Netanyahu...

Global oil supply hit record high in August: IEA

Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Robot dogs, flying cars: five takeaways from the Munich auto show

Companies including Germany's Holon and Estonia's Auve Tech displayed small self-driving buses, designed for routes where larger buses with drivers...
  • Chinese brands showcased their efforts to create "flying cars", small electric aircraft powered by multiple rotors designed for short journeys.
  • Austrian Wolfgang Podleiszek is working on a funky two-wheeled electric car that steers like a segway and needs the driver to lean into corners.

EU lawmakers back push for action against Israel over Gaza

The EU chief said Wednesday in her keynote annual address to the European Parliament that she would propose those steps...
  • The European Parliament said it had voted a non-binding resolution that "endorses the Commission president's decision to suspend EU bilateral support to Israel.
  • It said it also "calls for sanctions" on Israeli Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben Gvir.

UK’s Starmer hosts Israeli president for tense visit

UK Prime Minister Keir Starmer hosted Israeli President Isaac Herzog for a contentious meeting Wednesday, with the visiting head of...
  • Herzog's visit comes after Starmer's government has in recent months toughened its criticism of how Israel is waging its war in Gaza, triggering pushback from Israeli leaders
  • The pair shook hands in front of photographers and TV cameras in Downing Street, with few smiles on display, as the meeting got underway Wednesday afternoon