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.

Israel proposes pause in Gaza fighting to secure hostage deal

The US news site Axios reported, citing unnamed Israeli officials, that the deal would take place in multiple stages, the...
  • The deal would also see the release of a number of Palestinian captives
  • The proposal does not include promises to end the war in the Gaza Strip

United forecasts first quarter loss

The company beat analysts' expectation for the fourth quarter.
  • The US airline's decision to ground its 737 MAX 9 fleet came amid heightened scrutiny of Boeing's narrow-body airliner following a recent scare on an Alaska Airlines plane
  • While there were no fatalities or serious injuries in the January 5 incident, US regulators grounded 171 jets from the 737 MAX 9 fleet with the same configuration

Macy’s rejects $5.8bn takeover deal

The company also owns the Bloomingdale's store chain.
  • Macy's said the proposal "does not constitute a basis to enter into a non-disclosure agreement," with Arkhouse and Brigade
  • In a letter to the two firms, Macy's chairman Jeff Gennette said he had "serious reservations" about their ability to finance the deal

Israeli strikes kills 200 in Lebanon since Gaza war began

Since the outbreak of war between Hamas and Israel on October 7, the Lebanese-Israeli border has witnessed a near-daily exchange...
  • Monday saw air strikes and artillery shelling targeting Lebanese border villages, with a high school damaged in Taybeh near the Israeli border.
  • More than 83,000 Lebanese have been forced to flee their homes since hostilities began, according to the International Organization for Migration.

Imane Ayissi brings African tradition to Paris couture

PARIS, FRANCE - Imane Ayissi is on a mission to put authentic African textiles in the spotlight but faces an uphill...
  • Ayissi in 2020 became the first designer from sub-Saharan Africa at haute couture week and seeks to resurrect more traditional fabrics like rafia.
  • Such fabrics are drawn from local trees and plants, that were used before the African market was flooded with imports during the colonial period.

European market up on record-busting Wall Street

A surge in tech titans including Apple, Amazon, Nvidia and Facebook parent Meta on Friday pushed New York's S&P 500...
  • "European indices are pushing higher... as optimism over the direction of US earnings provide a tailwind behind tech stocks in particular," an expert said.
  • Back in Asia, Tokyo was the main winner again, extending its blockbuster start to the year thanks to a weaker yen and rising Japanese inflation.

Israel pounds Gaza as Netanyahu rejects hostage release deal

Abdelrahman Iyad, wounded in Gaza and now being treated aboard the French helicopter carrier Dixmude, docked in Egypt, said he...
  • While fighting is concentrated in the south it has not ended in the north, where Hamas authorities reported shelling in the Gaza City area and witnesses heard explosions.
  • UN agencies have warned of famine and disease as Gazans, at least 1.7m of whom are displaced, struggle with shortages of water, medical care during bombardments.

Mac computers could reach new glory due to AI

SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...
  • Macs became the preferred choice for Apple fans along with artists, film makers and other creative professionals.
  • Apple has been making inroads in business, getting help from iPhone lovers using their smartphones for work.

‘New era for India’: Modi inaugurates temple built over razed mosque

"Breaking the shackles of slavery, the country should rise, taking lessons from the past," Modi said, speaking outside the temple...
  • "January 22, 2024 is not merely a date in the calendar but heralds the advent of a new era", PM Modi said.
  • The Temple has been built on grounds where a mosque stood for centuries before it was torn down in 1992 by Hindu zealots incited by members of his party.

WHO chief warns pandemic accord hangs in the balance

Shaken by the Covid-19 pandemic, the WHO's 194 member states decided more than two years ago to start negotiating an...
  • But WHO chief Tedros Adhanom Ghebreyesus said the momentum had been slowed down by entrenched positions and "a torrent of fake news, lies, and conspiracy theories".
  • Failure to strike an agreement would be "a missed opportunity for which future generations may not forgive us," he said.

As Trump mulls imposing additional 100% tariff, China says will ‘fight to the end’ in trade war

China said on Tuesday it was ready to "fight to the end" in a trade war with the United States...

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Saudi says ‘no radioactive effects’ detected, more US embassy staff leaves Iraq

"No radioactive effects were detected on the environment of the Kingdom and the Arab Gulf states as a result of...

Tesla expected to launch long-discussed robotaxi service, will use Model Y

New York, United States -- Tesla is expected to begin offering robotaxi service Sunday in Austin, an initial step that...

US attacks three key Iranian nuclear facilities, mega bombs likely used in strikes

Trump called on Iran to "agree to end this war," saying that "now is the time for peace." But it...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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India will ‘never’ restore Pakistan water treaty: minister

New Delhi will "never" reinstate a key water treaty it suspended with Pakistan over deadly violence in India-administered Kashmir, the...
  • India halted the agreement following an April attack on civilians which it accused Pakistan of backing, a charge denied by Islamabad
  • Despite a ceasefire holding, India's interior minister said his government would not restore the treaty which governs river water critical to parched Pakistan

Tens of thousands join pro-Palestinian marches across Europe

Protesters in the British capital waved Palestinian flags, donned keffiyeh scarves and carried signs including "Stop arming Israel" and "No...
  • There have been monthly protests in the British capital since the start of the 20-month-long war, which has ravaged Gaza.
  • Saturday's march comes amid heightened global tensions as the United States mulls joining Israel's strikes against Iran.

Tens of thousands join pro-Palestinian marches in London and Berlin

Tens of thousands of pro-Palestinian protesters marched in London and Berlin on Saturday calling for an end to the war...
  • Protesters in the British capital waved Palestinian flags, donned keffiyeh scarves and carried signs including "Stop arming Israel" and "No war on Iran."
  • There have been monthly protests in the British capital since the start of the 20-month-long war between Israel and Hamas, which has ravaged Gaza