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.

Palestinian group says Israeli troops raid Gaza hospital

Israeli Prime Minister Benjamin Netanyahu has ordered the army to prepare to "evacuate" hundreds of thousands of Palestinians from Gaza's...
  • "The occupation (Israeli) forces stormed Al-Amal hospital and started searching it. We're finding it difficult to communicate with our crews inside the hospital," the group said
  • Al-Amal has been caught in fierce fighting between Israeli forces and Hamas fighters, with the Red Crescent reporting "intense artillery shelling and heavy gunfire"

World’s biggest flying lab comes to Asia on air pollution mission

Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in...
  • Starting this week in the Philippines, the US agency's DC-8 is flying for up to eight hours at a time, sometimes just 50 feet from the ground, to swoop up air particles for study.
  • Millions of deaths each year are linked to air pollution, and improving the ability to identify its sources and behavior can lead to more accurate warning systems for the public.

Law, politics hamper UK museum return of artifacts

LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including...
  • Politicians have little appetite to change the legal framework that is currently blocking full restitutions by national museums, campaigners say.
  • British laws dating from the 1960s and 1980s prevent national museums, such as the British Museum and the V&A, from making returning artifacts.

European stocks firm as markets await US inflation data

London, United Kingdom - Europe's main stock markets steadied Friday as traders reacted to more earnings updates from top companies, while...
  • Asia saw holiday-thinned trade, with investors there struggling to build on another record-setting day on Wall Street.
  • While China is in holiday mode, investors are keeping tabs on Beijing, hoping for fresh measures to boost market confidence.

Rumors swirl over bitcoin inventor Nakamoto’s identity

London, United Kingdom - An Australian man went on trial in London this week over his claims of inventing bitcoin --...
  • Computer scientist Craig Wright, 53, says he is "Satoshi Nakamoto", the pseudonym of bitcoin's creator and author of a white paper that introduced the cryptocurrency to the world
  • He is being sued by cryptocurrency activists who say he's lied and forged documents in his attempts to pretend he is bitcoin's founder.

AI game gains popularity during Chinese New Year festivities

SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...
  • The new game uses an AI chatbot to simulate the barrage of squirm-inducing questions young people can expect to face.
  • The annual inquisition as extended families gather for China's biggest festival is a cultural touchstone across the country.

Barclays bank to stop financing new oil, gas projects

London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...
  • The bank added it would scale back lending for existing fossil fuel projects as the sector faces intense pressure from activist investors to help tackle climate change.
  • The British lender's move to curb financing of oil and gas projects follows similar announcements from European bank heavyweights BNP Paribas, Credit Agricole, HSBC and ING.

Crippling Israeli restrictions throw West Bank life in disarray

The number of checkpoints and barriers in the Palestinian territory has greatly increased since October 7, adding hours to already...
  • Recently, an AFP team left Jerusalem at 8 am for the northern West Bank city of Tulkarem -- normally a trip of just two hours -- and arrived there at 1:30 pm.
  • Israel first erected military checkpoints in the West Bank following the first Palestinian uprising or intifada in 1987, but the number increased after the second intifada.

Hermes profit soars 28 percent

The luxury giant posted a profit of US$4.6bn in 2023.
  • The company will disburse a 4,000-euro bonus to all employees early this year as part of "its policy of sharing the fruits of growth"
  • Its sales climbed 14.5% in Japan and 12.9% in the rest of the Asia-Pacific region, with the group opening its 33rd store in China

Saudi hosts Arab diplomats for Gaza talks after Blinken tour

Saudi Arabia, home to the holiest sites in Islam, has never recognised Israel, though officials were considering doing so before...
  • The meeting was attended by the foreign ministers of Egypt, Qatar, the United Arab Emirates and Jordan, as well as a senior Palestinian official
  • Two diplomats briefed on preparations for the meeting told AFP it was intended to promote a unified Arab position on the war, now in its fifth month

Israel receives bodies of two more hostages returned by Hamas

The issue of hostage bodies still in Gaza has become a sticking point in the ceasefire implementation, with Israel linking...

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US halting some shipments of military aid to Ukraine

The White House said Tuesday it is halting some key weapons shipments to Ukraine that were promised under the Biden...

Mamdani confirmed as Democratic candidate for New York mayor

Rising star of the American left Zohran Mamdani is now officially the Democratic candidate for mayor of New York City,...

Macron, Putin discuss Iran, Ukraine in first talks since 2022

One week after a ceasefire ended Israel's 12-day war with Iran, the two men also discussed Tehran's nuclear programme, with...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Gaza mourns those killed in Israeli strike on seafront cafe

Once a bustling seafront spot where young people could hope for a rare respite from war, Gaza City's al-Baqa cafe...
  • The strike triggered a fresh outpouring of grief in the Palestinian territory already devastated by more than 20 months of war.
  • Tributes have also poured in for Ismail Abu Hatab, described by friends as a journalist and videographer.

Eight-country coalition aims to tax luxury air travel

Seville, Spain -- Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on...
  • The coalition said it would work to increase the number of countries taxing plane tickets, including business-class travel, and private jets.
  • Greenpeace welcomed an "important step" to raise more money from "the most elite and polluting form of travel", which has remained "undertaxed".

Meta’s AI talent war raises questions about strategy

New York, United States -- Mark Zuckerberg and Meta are spending billions to recruit top artificial intelligence talent, triggering debates...
  • OpenAI CEO Sam Altman recently complained that Meta has offered $100 million bonuses to lure engineers away from his company.
  • Several OpenAI employees have accepted Meta's offers, prompting executives at the ChatGPT maker to scramble to retain their best talent.