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.

Imane Khelif – boxer in gender row and now Olympic champion

A strong athlete, she played football with the boys in her village of Biban Mesbah, but beating them in matches...
  • Sporting braided hair and standing strong at 1.79 metres (5ft 9in), the 25-year-old has unwittingly become one of the central figures of the Games
  • Along with Taiwan's Lin Yu-ting, she was disqualified from last year's world championships after failing gender eligibility testing, only to be cleared later

Flood of ‘junk’: How Artificial Intelligence is changing scientific publishing

Paris, France - An infographic of a rat with a preposterously large penis. Another showing human legs with way too many...
  • Several experts who track down problems in studies told AFP that the rise of AI has turbocharged the existing problems in the multi-billion-dollar sector
  • More than 13,000 papers were retracted last year, by far the most in history, according to the US-based group Retraction Watch

Israel agrees to resume Gaza truce talks next week

A prospective cessation of hostilities also involving the release of hostages held in Gaza and scaled-up aid deliveries has centred...
  • After a week-long pause in November, US, Qatari and Egyptian mediators have endeavored to secure a second truce in the 10-month-old war
  • Netanyahu's office said later Thursday Israel would send a negotiating team on August 15 "to the agreed place to conclude the details of implementing a deal."

Apple makes changes to App Store after EU warning

From the autumn, Apple said developers in the EU "can communicate and promote offers for purchases" wherever they want, for...
  • The EU said the App Store terms prevented app developers from freely steering consumers to alternative ways to pay
  • This makes Apple the first ever tech firm to face accusations of breaching a new law known as the Digital Markets Act

Flying’s never been safer, risk of death halving every decade: MIT study

Washington, United States -- Flying can be a nerve-wracking experience for many people -- but a new study out Thursday finds...
  • The fatality rate fell to 1 per every 13.7 million passenger boardings globally in the 2018-2022 period, a major improvement from 1 per 7.9 million boardings in 2008-2017.
  • The last major commercial airline disaster in the United States was in 2009, when Colgan Air flight 3407 crashed, killing 50 people.

Gaza civil defence says Israel strikes on two schools kill more than 18

Senior civil defense official Mohammad al-Mughayyir said 60 people were also wounded and more than 40 still missing in the...
  • "This is a clear targeting of schools and safe civilian facilities in the Gaza Strip," he said.
  • Turkish President Recep Tayyip Erdogan and the emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, meanwhile call for greater international efforts to stop conflict escalation.

Qantas scraps non-stop UK flight due to Middle East unrest

Sydney, Australia - Australian airline Qantas scrapped its non-stop Perth to London flight Thursday, saying the decision was taken as a...
  • The flight, usually a non-stop 17-and-a-half hour journey, will now refuel in Singapore, allowing it to carry a full load of passengers on a route that avoids contested air space
  • The region is bracing for a military retaliation from Iran against Israel, following the killing of Ismail Haniyeh, the political leader of the Palestinian group Hamas

Saudi taekwondo star edged out in historic Olympic women’s medal pursuit

Abu Taleb had qualified for the Games by bagging gold at the 2020 Arab Taekwondo Championship and bronze medals at...
  • Abu Taleb was defeated by Mobina Nematzadeh of Iran in the bronze medal play-off in the -49kg division of the taekwondo competition played out inside Paris' Grand Palais
  • The 27-year-old had won her last 16 clash against Israel's Abishag Semberg before losing her quarter-final against Panipak Wongpattanakit of Thailand

Turkey joins South Africa’s Israel ‘genocide’ case at ICJ

A Turkish parliamentary delegation accompanied by the Turkish ambassador to the Netherlands filed a "declaration of intervention" at the ICJ's...
  • South Africa's Dec 2023 case alleges that Israel's Gaza offensive, launched in retaliation for Hamas' bloody October 7 attack on Israel, breached the 1948 UN Genocide Convention.
  • In a ruling January 26, the ICJ told Israel to do everything possible to prevent acts of genocide during its military operations in Gaza, which have left nearly 40,000 dead.

After AI, quantum computing eyes its ‘Sputnik’ moment

Cambridge, United Kingdom - Quantum computing promises society-changing breakthroughs in drug development and tackling climate change, and on an unassuming English...
  • The founder of Cambridge-based Riverlane, Steve Brierley, predicts that the technology will have its "Sputnik" breakthrough within years
  • "Quantum computing is not going to be just slightly better than the previous computer, it's going to be a huge step forward," he said

Sharaa’s US visit: Syria joins alliance against Islamic State after White House talks

Sharaa, whose rebel forces ousted longtime ruler Bashar al-Assad late last year, was the first Syrian leader to visit the...

Company News

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Boeing in talks to sell up to 500 planes to China: Bloomberg

New York, United States -- US aviation giant Boeing is in talks to sell up to 500 aircraft to Chinese...

21 countries sign joint statement condemning Israel’s West Bank settlement project

Israel has approved the plans for the roughly 12-square-kilometre parcel of land known as E1 just east of Jerusalem, which...

Asian markets creep up as investors await key speech

Hong Kong, China - Asian markets edged mostly upward in muted morning trading on Thursday, one day before a key...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Trump raises pressure on central bank, calls for Fed governor to resign

Washington, United States -- President Donald Trump ramped up pressure on the US central bank Wednesday, calling for Federal Reserve...
  • The Trump administration has pursued allegations of mortgage fraud against high-profile Democrats who are seen as political adversaries of the president.
  • It was not immediately clear if such a probe will take place targeting Cook, the first Black woman to serve on the central bank's board.

Google packs new Pixel phones with Artificial Intelligence

New York, United States -- Google on Wednesday unveiled new Pixel 10 smartphones, showcasing artificial intelligence (AI) capabilities woven into...
  • The line-up of new products included a foldable phone, improved Pixel smartwatch, and ear buds all synced to work with AI and each other.
  • Samsung has made AI a centerpiece of its Galaxy smartphone line and recently released a new Galaxy Z Fold7.

Turkish Airlines says offer to buy stake in Spain’s Air Europa accepted

Turkish Airlines on Tuesday said Air Europa had accepted its 300-million-euro ($350 million) offer to purchase a minority stake in...
  • In a statement to the Istanbul Stock Exchange regulator (KAP), the Turkish flag carrier said "the binding offer submitted has been accepted by Air Europa."
  • "The minority shareholding ratio to be acquired will be finalised following technical and financial adjustments to be made at the closing," it said.