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

Rory McIlroy wins seventh Race to Dubai title

Dubai, United Arab Emirates -- Rory McIlroy was on Sunday crowned the DP World Tour’s Race to Dubai champion for...
  • At the Earth course of Jumeirah Golf Estates on Sunday, Fitzpatrick (66) made a birdie on the 72nd hole of regulation play to set the mark at 18-under par.
  • It is Fitzpatrick’s third DP World Tour Championship title (2016 and 2020) and a 10th DP World Tour victory in 195 starts.

Samsung plans $310 bn investment to power AI expansion

Seoul, South Korea -- South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next...
  • The business group's flagship Samsung Electronics is already one of the world's top memory-chip makers, providing crucial components for the AI industry.
  • South Korea is also home to SK hynix, another key player in the global semiconductor market.

Israel says Gazans who landed in S. Africa unexpectedly had third-country approval

Israeli authorities said on Saturday that 153 Palestinians who turned up unexpectedly in South Africa, triggering questions from its president,...
  • After landing in Johannesburg on Thursday, the Gazans were kept aboard their plane for 12 hours because they did not have departure stamps from Israel in their passports
  • The home affairs ministry finally allowed the passengers to disembark when an NGO said it would provide them with accommodation

Google announces $40 billion Texas investment to expand AI infrastructure

Google announced Friday a major $40 billion investment in Texas through 2027 to build new cloud computing and artificial intelligence...
  • The investment will fund new data center campuses in northern Texas, adding to Google's presence in the Lone Star State that spans more than 15 years, the company said
  • "Our latest investment in Texas is designed to not only support Texas' workforce, but to ensure the US retains the technical backbone to lead the world in AI," Google said

EU approves ADNOC’s purchase of Germany’s Covestro

Brussels, Belgium -- The European Commission on Friday greenlit the takeover of German chemical firm Covestro by UAE state oil...
  • Plastics maker Covestro accepted a bid from the Abu Dhabi National Oil Company in October, valuing the company at 12 billion euros ($14 billion).
  • ADNOC has promised to inject around 1.2 billion euros into the chemicals firm through the issuance of new shares under the terms of the takeover.

Saudi prince, eyeing defense pledge, to meet Trump after long US absence

Saudi Arabia is unlikely to agree to normalization with Israel at this stage, with Prince Mohammed's priority set for firmer...
  • A US-Saudi investment forum spotlighting energy and artificial intelligence will take place in Washington during the prince's visit, the event's website says.
  • As Riyadh embarks on ambitious tourist and entertainment projects to diversify its oil-reliant economy, it has sought to de-escalate regional tensions -- including with Iran.

Global CO2 emissions to hit record high in 2025, making 1.5°C target nearly impossible

Global fossil fuel emissions are set to hit a new high in 2025, according to research published Thursday that also...
  • The annual Global Carbon Budget report looks at humanity's emissions of planet-heating CO2 from burning hydrocarbons, cement production and land use
  • The failure to cut planet-heating emissions is overshadowing the COP30 in the rainforest city of Belem -- the conference taking place this week without the presence of the US

Rubio says US ‘optimistic’ for UN resolution on Gaza, backing an international force

US Secretary of State said the United States was speaking with different countries on ways to "balance their interests here,...
  • Rubio said the United States was speaking with different countries on ways to "balance their interests here, and how that's structured beyond just the security force."
  • The United States last week started circulating the draft resolution that would follow up on a ceasefire in the two-year war championed by President Donald Trump

Google denies removing W.Sahara border for Morocco users

The dotted lines illustrating the border between Western Sahara and Morocco, indicating the former's disputed territory status, have never been...
  • 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 United Nations Security Council had previously urged Morocco, the Polisario Front, Algeria and Mauritania to resume talks to reach a broad agreement

Macron warns any planned West Bank annexation a ‘red line,’ to provoke a European reaction

He spoke as Palestinian president Mahmud Abbas visited Paris one month into a fragile truce between Hamas and Israel, following...
  • He spoke as Palestinian president Mahmud Abbas visited Paris one month into a fragile truce between Hamas and Israel, following two years of war
  • Macron and Abbas announced the creation of a joint committee "for the consolidation of the state of Palestine", the French leader said

Saudi Arabia, Qatar, six others accept Trump ‘Board of Peace’ invite: statement

Saudi Arabia and seven Muslim-majority countries including Gaza mediators Qatar and Turkey have agreed to join US President Donald Trump's "Board...

Latest News

Drones dive into aviation’s deepest enigma as MH370 hunt restarts

Washington, United States - Nearly 12 years after Malaysia Airlines flight MH370 vanished with 239 people on board, the search...

Israel’s Mossad tells Iranian protesters ‘we are with you’

Israel's Mossad spy agency issued a direct call urging Iranians to press on with protests, saying it was supporting them...

SoftBank lifts OpenAI stake to 11% with $41bln investment

Tokyo, Japan -- Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11 percent after...
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INSEAD Day 4- 300x600

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Israel to ban 37 organizations operating in Gaza, aid flow under threat

Apart from MSF, some of the 37 NGOs to be hit with the ban are the Norwegian Refugee Council, World...
  • In a territory with 2.2 million inhabitants, "1.3 million people still require urgent shelter support," the ministers of Britain, Canada, Denmark and several other nations said.
  • On Wednesday, the United Nations rights chief Volker Turk described Israel's decision as "outrageous", calling on states to urgently insist Israel shift course.

Syria reveals new post-Assad banknotes

Syrian leader Ahmed al-Sharaa unveiled on Monday new banknotes replacing those showing ousted ruler Bashar al-Assad and his family, hoping...
  • Since the start of Syria's civil war in 2011, the pound has plunged from 50 to around 11,000 against the greenback
  • The removal of the zeros, which does not impact the currency's value, was done to make transactions easier

“Hell to pay”: Trump warns Hamas after Netanyahu talks, threatens Iran with fresh strikes

US President Donald Trump warned Iran of fresh strikes and said Hamas would have "hell to pay" if it fails...
  • Speaking at a news conference with Netanyahu, Trump threatened to "eradicate" any attempt by Tehran to rebuild its nuclear program
  • Trump also downplayed reports of tensions with Netanyahu over the Gaza ceasefire, saying Israel had "lived up" to its commitments