INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

UN Security Council to meet over drone raid in Poland blamed on Russia

The UN Security Council announced it would hold an emergency meeting Friday to discuss discuss violations of Poland's airspace, a...
  • Poland said the incident was not accidental, branding it an "unprecedented" attack on Poland, NATO and the European Union
  • Stray Russian drones and missiles have entered the airspace of NATO members including Poland several times since Moscow launched its invasion of Ukraine in 2022

At major settlement project ceremony in West Bank, Israel PM vows ‘there will be no Palestinian state’

"We are going to fulfil our promise that there will be no Palestinian state, this place belongs to us," Netanyahu...
  • "We are going to fulfil our promise that there will be no Palestinian state, this place belongs to us," Netanyahu said at the event in Maale Adumim
  • "We will safeguard our heritage, our land and our security... We are going to double the city's population." The event was streamed live by his office

Global oil supply hit record high in August: IEA

Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production,...
  • Eight key members of OPEC+ group, including Saudi Arabia and Russia, have been gradually increasing production since April after restricting output in recent years.
  • Non-OPEC+ nations have also been raising their output, with the IEA saying production from the United States, Brazil, Canada, Guyana and Argentina was "at or near all-time highs".

Hamas says US ‘accomplice’ in Israel Qatar attack as funerals held

"This crime was... an assassination of the entire negotiation process and a deliberate targeting of the role of our mediating...
  • In Doha, tight security surrounded the mosque where prayers were held as the Gulf state's ruler joined mourners.
  • One coffin bearing a Qatari flag and five others bearing Palestinian flags were brought into the mosque, live footage from Qatar television showed.

Robot dogs, flying cars: five takeaways from the Munich auto show

Companies including Germany's Holon and Estonia's Auve Tech displayed small self-driving buses, designed for routes where larger buses with drivers...
  • Chinese brands showcased their efforts to create "flying cars", small electric aircraft powered by multiple rotors designed for short journeys.
  • Austrian Wolfgang Podleiszek is working on a funky two-wheeled electric car that steers like a segway and needs the driver to lean into corners.

EU lawmakers back push for action against Israel over Gaza

The EU chief said Wednesday in her keynote annual address to the European Parliament that she would propose those steps...
  • The European Parliament said it had voted a non-binding resolution that "endorses the Commission president's decision to suspend EU bilateral support to Israel.
  • It said it also "calls for sanctions" on Israeli Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben Gvir.

UK’s Starmer hosts Israeli president for tense visit

UK Prime Minister Keir Starmer hosted Israeli President Isaac Herzog for a contentious meeting Wednesday, with the visiting head of...
  • Herzog's visit comes after Starmer's government has in recent months toughened its criticism of how Israel is waging its war in Gaza, triggering pushback from Israeli leaders
  • The pair shook hands in front of photographers and TV cameras in Downing Street, with few smiles on display, as the meeting got underway Wednesday afternoon

Russian drones in Poland put NATO to the test

The intrusion of Russian drones into Poland -- whether deliberate, as Ukraine's European allies contend, or accidental -- is a...
  • The overflights came as Russia unleashed a barrage of strikes across Ukraine overnight, including in the western city of Lviv, around 50 miles (80 kilometres) from Polish border
  • Poland's airspace was violated 19 times, Prime Minister Donald Tusk said Wednesday, and at least three drones were shot down after Warsaw and its allies scrambled jets

Martian rocks offer clues that might indicate ancient life

Washington, United States - Colorful, speckled rocks found on the surface of Mars have offered among the most encouraging evidence...
  • The Perseverance Mars rover collected the "Sapphire Canyon" rock samples in July 2024 from what's thought to be an ancient lakebed
  • If the features resulted from microbial activity that created minerals in the way they do on Earth -- well, that might point to life on Mars

Musk’s title of richest person challenged by Oracle’s Ellison

New York, United States - Billionaire Elon Musk is at risk of losing his title of world's wealthiest person to...
  • Ellison, 81, amassed more than $100 billion in additional wealth Wednesday as Oracle shares skyrocketed after the nearly 50-year old company forecast massive revenue growth
  • That rise lifted Ellison's overall wealth to about $406 billion compared with Musk's roughly $440 billion, according to a Forbes real-time billionaire's index

US operation in Venezuela undermined international law: UN

"States must not threaten or use force against the territorial integrity or political independence of any state," Ravina Shamdasani, spokeswoman...

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The tiring task of repairing Gaza’s tattered banknotes

Nuseirat, Palestinian Territories - With a pot of glue, a blade and a keen eye, Manal al-Saadani repairs tattered banknotes...

Crowd braves rain to flock to Pope Leo’s mass in Istanbul

After two days of blue skies and sunshine, the heavens opened, but the downpour did little to dampen the enthusiasm...

Hezbollah says has ‘right’ to respond to Israel’s killing of military commander

Hezbollah's leader on Friday said the group had the right to respond to Israel's assassination of its top military chief...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Singapore AI teddy back on sale after recall over sex chat scare

Singapore, Singapore -- A plushy, AI-enabled teddy bear recalled after its chatbot was found to engage in sexually explicit conversations...
  • Singapore-based FoloToy had suspended its "Kumma" bear after a consumer advocacy group raised concerns about it and other AI toys on the market.
  • The Kumma bear "looks sweet and innocent. But what comes out of its mouth is a stark contrast," researchers have said.

Four European nations urge Israel to end West Bank ‘settler violence’

"We -- France, Germany, Italy, the United Kingdom -- strongly condemn the massive increase of settler violence against Palestinian civilians...
  • Settler violence in the West Bank has soared since Hamas's October 2023 attack on Israel triggered the Gaza war.
  • Israeli troops or settlers have killed more than 1,000 Palestinians in the West Bank, mostly civilians.

Trump says Afghan man shot two soldiers near White House

President Donald Trump said Wednesday that an Afghan man who fled the Taliban was the suspect in the shooting of...
  • The announcement in a brief video message signaled the intertwining of three politically explosive issues -– Trump's use of the military at home, and the legacy of Afghan war
  • The incident, which left two Guard members critically wounded, was "an act of evil, an act of hatred and an act of terror," Trump said. "It was a crime against our entire nation."