INSEAD Day 4 - 728x90

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Trio wins economics Nobel for insights into income inequality

By examining the various political and economic systems introduced by European colonizers, the three have demonstrated a relationship between societal...
  • Daron Acemoglu, 57, and Simon Johnson, 61, are professors at (MIT). James Robinson, 64, is a professor at the University of Chicago.
  • The jury highlighted the laureates' work in illuminating how political and economic institutions play a role in explaining why some countries prosper while others do not.

Tech helps Singapore economy top forecasts in third quarter

Singapore's economy grew more than expected in the third quarter as a rush for everything related to artificial intelligence drove...
  • The City's economic performance is often seen as a barometer of the global environment
  • Healthy rebound in manufacturing sector powered the 4.1 percent year-on-year Q3 growth

Hezbollah drone strike kills four, wounds dozens at Israeli base, US sending more air-defences

Hezbollah announced late Sunday that it launched a "squadron of attack drones" at the Binyamina camp, 30 kilometers south of...
  • The attack on a military training camp in Binyamina, near Haifa, is the deadliest such assault on an Israeli base since September 23, when Israel increased its attacks on Hezbollah
  • Authorities in Gaza, meanwhile, said the death toll from an Israeli strike Sunday on a school being used as a shelter for displaced people had risen to 15, including whole families

UN raises alarm over catastrophe amid ongoing Israeli strikes on Gaza, Lebanon

With Israel ramping up strikes on Lebanon and Gaza, the UN warns of a potentially catastrophic regional conflict, highlighting the...
  • Israel has faced a fierce diplomatic backlash over the injuries suffered by five Blue Helmets serving in south Lebanon
  • Lebanon's health ministry said Saturday that Israeli air strikes on three sites had killed at least 15 people, raising an earlier toll

China unveils major bond plan to revive economy and property market

The plan is part of a series of actions undertaken by Beijing to draw a line under a years-long property...
  • Beijing's planned special bonds are aimed at boosting the capital available to banks -- part of a push to get them lending in the hopes of firing up sluggish consumer spending.
  • China is also preparing to allow local governments to borrow more to fund the acquisition of unused land for development.

Boeing to cut 10% of workforce

The aviation giant has projected a large third-quarter loss.
  • The company announced a series of belt-tightening measures and production delays in the wake of the nearly month-long strike of 33,000 workers.
  • Boeing said the strike contributed to $3 billion in pre-tax charges to its commercial aviation results in the third quarter.

Blinken says US wants Lebanon solution, not ‘broader conflict’

"So Israel has a clear and very legitimate interest in doing that. The people of Lebanon want the same thing....
  • Blinken again said that Israel, which has been carrying out deadly strikes on Lebanon, "has a right to defend itself" against Hezbollah
  • "We continue to engage intensely to prevent broader conflict in the region," Blinken told reporters after an East Asia Summit in Laos

Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.
  • The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said
  • The company announced a series of belt-tightening measures and production delays in the wake of the nearly monthlong strike of 33,000 workers

Japanese group wins peace Nobel, says Gaza like Japan 80 years ago

Nihon Hidankyo, a grassroots movement of atomic bomb survivors from Hiroshima and Nagasaki, also known as Hibakusha, received the honor...
  • The situation for children in Gaza is similar to the situation in Japan at the end of World War II, the co-head of Nihon Hidankyo said.
  • "In Gaza, children in blood are being held. It's like in Japan 80 years ago," Toshiyuki Mimaki told a news conference in Tokyo.

European Mediterranean states to discuss Middle East, migration

Leaders from nine European countries around the Mediterranean Sea are set to meet in Cyprus on Friday October 11 to...
  • Italy, Greece and Spain are the main arrival points in the EU for migrants displaced by war or fleeing poverty
  • The EU has been one of the biggest funders of humanitarian projects in the Palestinian territories

Israeli strikes kill 27 in Gaza in spite of fragile truce, follows attacks targeting Hezbollah in Lebanon

The strikes were among the deadliest in Gaza since the truce entered into force last month, and came as Israel...

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Gaza mother hopes Venice film about final moments of slain child helps end war

The mother of Hind Rajab, a five-year-old Palestinian girl killed by Israeli forces in Gaza, hopes that a film about...

Post SCO summit, Kim, Putin at Xi’s side for massive China military parade in Beijing

In unprecedented scenes, Xi shook both their hands and chatted with the pair as they walked down a red carpet...

France issues arrest warrant for Syria’s Assad over 2012 journalist killings: lawyers

Paris, France -- French judicial authorities have issued arrest warrants for ousted Syrian president Bashar al-Assad and six other top...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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ChatGPT to get parental controls after teen’s death

Paris, France -- American artificial intelligence firm OpenAI said Tuesday it would add parental controls to its chatbot ChatGPT, a...
  • Parents will also receive notifications from ChatGPT "when the system detects their teen is in a moment of acute distress," OpenAI added.
  • The company had trailed a system of parental controls in a late August blog post.

Gold glitters to new high as Asia stocks mixed

Gold climbed to a new record Tuesday as investors sought out safe havens, while Japan's Nikkei and the Hang Seng...
  • The precious metal reached $3,501.59 an ounce during early trading in Asia, soaring past its previous record of $3,500.10 in April
  • The run in gold prices comes as investors weigh up a weakened US dollar and the prospect of rate cuts by the Federal Reserve

Post SCO summit, China’s Xi and Russia’s Putin start talks in Beijing, says state media

The Chinese and Russian leaders criticised Western governments during the summit on Monday, where Xi slammed "bullying behaviour" from certain...
  • "In the morning of September 2, President Xi Jinping met with Russian President Putin... in the Great Hall of the People in Beijing," state broadcaster CCTV reported
  • World leaders including North Korea's Kim Jong Un have gathered in China's capital for the showcase of Beijing's might on Wednesday