INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

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

2023 likely to be hottest year in human history, says EU climate monitor

"2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology...
  • The average global temperature in June, July and August was 16.77 degrees Celsius (62.19 degrees Fahrenheit), surpassing the previous 2019 record of 16.48C.
  • "The three months that we've just had are the warmest in approximately 120,000 years, so effectively human history," C3S deputy director Samantha Burgess told AFP

Enbridge inks $14bn pact

The deal will make it North America's largest natural gas supplier.
  • Enbridge, which operates the world's longest petroleum pipeline system, said it is doubling its gas distribution business with the acquisitions.
  • The deal underscores the continued value producers are placing in natural gas even as countries strive to reduce fossil fuel dependence to curb greenhouse gas emissions.

Apple, Facebook among tech giants to face tough new EU curbs

The European Commission, the EU's powerful antitrust body, named 22 "core platform" services belonging to five US tech behemoths identified...
  • Brussels is working through a dense legislative agenda to build tougher regulation of big tech, arguing it needs to protect European consumers online.
  • Observers say the law could open a new battlefront between digital titans and the European Union as some companies consider launching legal challenges.

Musk threatens to sue anti-defamation group for falling revenue

Billionaire Musk has also previously been accused of fueling anti-Semitic tropes, including attacks against Jewish philanthropist George Soros. According to...
  • Musk late Monday accused the US-based Jewish organization of making unfounded complaints against him and X that have scared away advertisers
  • In a 2016 report, the group said anti-Semitic attacks against journalists had exploded on Twitter, "thanks to the rhetoric in the 2016 presidential campaign"

Climate change worsening heatwaves, air quality: UN

The wildfire smoke recently suffocating cities from Athens to New York may be the most visible sign of air pollution...
  • Fine particulate air pollution from things like vehicle and industrial emissions but also sand and wildfires, is greatest external threat to public health, a recent study said
  • On Wednesday, the EU's Copernicus Climate Change Service said the Earth had just had its hottest three months on record, with last July the hottest month ever recorded

Big power disputes cast shadow on Southeast Asia summits

The 10-member Association of Southeast Asia Nations (ASEAN) was holding separate summits with China, Japan, South Korea, the United States...
  • Host Indonesia told an ASEAN leaders' summit on Tuesday that the bloc would not become a proxy for big power competition as US-China tensions continue to flare over Taiwan
  • Wednesday's meetings will be more regional in scope before an 18-member East Asia Summit on Thursday to be attended by Russian Foreign Minister Sergei Lavrov

Tech titans prepare for EU’s tougher market restraints

Brussels is working through a dense legislative agenda to build tougher regulation of big tech, arguing it needs to protect...
  • EU will name which services will be considered big enough to fall under the next wave of regulation
  • The new rules will force the iPhone-maker to allow alternative app stores on its products

L’Occitane shares nosedive

Shares dropped 29% after talks on taking the firm private called off.
  • The firm, headquartered in Luxembourg and Geneva, said last month it was considering a possible take-private deal with an offer price of no less than HK$26 ($3.30) per share.
  • The group's portfolio includes L'Occitane en Provence, French beauty brand Melvita, Korean skincare line Erborian, and Elemis, a British care product brand

World inches step closer towards plastic pollution deal: UN

Some 175 nations are working to reach a landmark agreement by end-2024 that will curb plastic pollution, which ends up...
  • Global plastic production has more than doubled since the start of the century to reach 460 million tons and could triple by 2060 if nothing is done. Only 9% is currently recycled.
  • The draft deal, published by the Intergovernmental Negotiating Committee, will form the basis of fresh talks in the Kenyan capital, Nairobi, on November 13-19.

Arm seeks $52bn valuation

Arm is a world leader in designing chips that are used in smartphones.
  • Arm's IPO is being closely watched by the financial markets, with large tech IPOs something of a rarity in recent months.
  • Tech giants including Nvidia, Apple, Samsung Electronics and Intel are interested in investing in Arm once the company is listed.

Netanyahu says US an ‘extraordinary friend’ during Rubio visit

Before departing Washington on Saturday, Rubio told reporters that while Trump was "not happy" about the strike, it was "not...

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Zelensky slams US lack of response to Putin truce rejection

Ukrainian President Volodymyr Zelensky on Sunday lamented the lack of a US response to Russia's refusal to sign "a full,...

Thousands rally in Morocco at pro-Palestinian protest

Tens of thousands of people demonstrated in Morocco's capital on Sunday against the conflict in the Gaza Strip where Israel...

Saudi stocks take 5-year record fall, plunge nearly 7% after US tariffs spark global market turmoil

Other Gulf markets also took a dive, reflecting global trends as countries around the world grapple with Trump's shock tariffs...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Macron to hold summit with Egyptian, Jordanian leaders as Israel pushes to seize Gaza territory

Meanwhile, a video recovered from the cellphone of an aid worker killed in Gaza alongside other rescuers shows their final...
  • Israel has pushed to seize territory in Gaza since the collapse of a short-lived truce, in what it has called a strategy to force the militants to free hostages.
  • The French president is expected in Cairo on Sunday evening, where he will hold talks with his Egyptian counterpart on Monday morning.

Research on multiple sclerosis wins ‘Oscars of science’

Stephen Hauser and Alberto Ascherio were recognized for their decades researching the debilitating neurodegenerative disease, which affects nearly three million...
  • Scientists knew the disease, which damages the central nervous system and leads to paralyzing cognitive and motor problems, was caused by the immune system turning on the body.
  • But they thought the white blood cells known as T cells were the lone culprit. Hauser questioned that.

Syrian government says studying Amnesty report on massacres

Syria's government said late Friday it was "closely following" the findings of a new Amnesty International report urging an investigation...
  • Amnesty called on the Syrian government in a report on Thursday to ensure accountability for the massacres targeting the Alawite minority
  • The Syrian Observatory for Human Rights monitor has said security forces and allied groups killed more than 1,700 civilians, mostly Alawites, during the violence