INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

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.

Scientists launch hub to channel quantum power for good

GENEVA, SWITZERLAND – Scientists will work to channel the huge emerging power of quantum computers for the common good at a...
  • Quantum computing combines advances in scientific understanding of the subatomic world with leaps in information theory.
  • The first commercial quantum computers are still believed to be up to a decade away.

Women, rural poor most affected by climate change, says UN

PARIS, FRANCE – Heatwaves and floods inflict greater economic pain on rural women than men because climate change intensifies existing inequalities,...
  • The report said rural, women-led households in low- and middle-income nations already face more financial burdens than men when disaster strikes.
  • It estimated that if average temperatures increase one degree Celsius, women would face a 34 percent greater loss in total income compared to men.

Japan’s Riken Yamamoto wins Pritzker prize for architecture

New York, United States -- Japanese architect Riken Yamamoto was awarded the Pritzker prize for architecture on Tuesday, the organizers said...
  • Highlights of Yamamoto's work include Nagoya Zokei University in Japan completed in 2022, THE CIRCLE at Zurich Airport in Switzerland finished in 2020 and Tianjin Library in China.
  • Yamamoto was born in Beijing, and resides in Yokohama, Japan. He will be honored in Chicago this spring. He is the 53rd winner of the prize and the ninth from Japan.

Asian markets mostly down as China sets 5 percent growth goal

Hong Kong, China - Asian markets largely fell on Tuesday after China set an ambitious five percent annual growth target and...
  • Tokyo finished flat, a day after Japan's benchmark Nikkei index hit a record high, closing above 40,000 points for the first time.
  • Sydney, Seoul, Mumbai, Jakarta, Bangkok, Singapore, Manila and Kuala Lumpur were down, while Taipei and Wellington were up.

Tesla stops production at German plant after suspected arson attack

Michael Stuebgen, interior minister for Brandenburg state, said that "if initial findings are confirmed, this is a perfidious attack on...
  • Emergency services were called to reports of a burning electricity pylon southeast of Berlin in the early hours, in the area the factory is located
  • But it knocked out power to the Tesla factory, as well as surrounding villages, and police have launched an investigation into suspected arson

Endangered wild horses return to Kazakhstan

First documented in 1881, Przewalski's horses have narrowly avoided extinction thanks to breeding programs at zoos worldwide.
  • The zoos are planning to take at least 40 Przewalski's horses to roam free in the Altyn Dala (Golden Steppe) area in central Kazakhstan in the next five years
  • In June, Czech army planes will transport three stallions and five mares to Arkalyk in central Kazakhstan, with Prague zoo and Tierpark Berlin sending four horses each

Now more accessible, Bitcoin strikes record high above $69,000

Bitcoin has enjoyed an unbridled rise since the approval of a new type of investment indexed to the cryptocurrency. Since...
  • The expected approval of the new investment product had contributed in recent months to a rise in its price.
  • The industry sees the entrance of ETFs on the US market as proof of the growing interest from institutional investors in cryptocurrencies.

Food dispatch app Uber Eats launches robot deliveries in Tokyo

Uber Eats' boxy robots have square headlights for eyes and three wheels on each side to navigate kerbs as they...
  • Starting Wednesday, robot deliveries will be offered in a small area of the city by the US-based food app, which hopes to eventually roll out the service more widely in Japan
  • Japan changed traffic laws last year to allow delivery robots on public streets and other companies including Panasonic are also trialing cute new machines to transport goods

Houthis attack ship listed as ‘Israeli-affiliated’ off Yemen

Yemen's Houthi rebels, who since November have fired drones and missiles at numerous ships in the Red Sea area vital...
  • The UKMTO reported an incident in a similar location at 91 nautical miles southeast of Aden
  • The British agency said the ship's master had reported two explosions

Above-normal temperatures for March-May due to El Nino: UN

El Nino, the large-scale warming of surface temperatures in the central and eastern equatorial Pacific Ocean, typically has the greatest...
  • Though El Nino is now gradually weakening, its impact will continue over the coming months by fuelling the heat trapped in the atmosphere by greenhouse gases
  • It is a naturally occurring climate pattern typically associated with increased heat worldwide, as well as drought in some parts of the world and heavy rains elsewhere

Trump heads for Asia and Xi trade talks

US President Donald Trump left on Friday for Asia and high-stakes trade talks with Chinese counterpart Xi Jinping -- adding...

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Baghdad and Arbil agree to resume Kurdish oil exports: government

Baghdad, Iraq -- The Iraqi government announced Thursday an agreement to resume crude exports from the autonomous Kurdistan region after...

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

Israeli tank shell strikes Gaza’s only Catholic church, killing three

Pope Leo XIV said he was "deeply saddened" by the loss of life, which a witness said was the result...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Explosive-laden drones hit three oil fields in Iraq’s Kurdistan region

Kurdistan has seen a spate of unclaimed drone attacks, which have come as the regional government and the federal authorities...
  • Production at two fields operated by the Norwegian group DNO ASA was temporarily suspended, the company said
  • Long plagued by conflict, Iraq frequently experiences such attacks, often linked to regional proxy struggles between Iran and the US

AI-powered ‘nudify’ apps fuel deadly wave of digital blackmail

Washington, United States - After a Kentucky teenager died by suicide this year, his parents discovered he had received threatening...
  • The tragedy underscores how so-called sextortion scams targeting children are growing around the world, particularly with the rapid proliferation of "nudify" apps
  • Elijah Heacock, 16, was just one of thousands of American minors targeted by such digital blackmail, which has spurred calls for more action from tech platforms

Syria says agreement reached to halt military operations in Sweida

Syria said a new ceasefire reached on Wednesday in the Druze-majority city of Sweida will bring a complete halt to...
  • A previous truce announced on Tuesday appeared to have little effect on the ground in the southern region, where days of violence have left more than 300 dead
  • heikh Youssef Jarboua, a Druze spiritual leader, read out the 10 points of the accord, which also includes "the full integration of the province" of Sweida into the Syrian state