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

OceanGate co-founder hits back at James Cameron over Titanic sub

Soehnlein stressed it was too soon to say what happened to the Titan and that it was "tricky to navigate"...
  • Guillermo Soehnlein, who started OceanGate with Rush in 2009 before leaving the company in 2013, denied his late friend was reckless
  • Soehnlein noted that Cameron himself had conducted many submersible descents, including more than 30 to the Titanic site, and to the Earth's deepest point in the Pacific Mariana

Global summit seeks to overhaul climate finance, eyes bigger progress

The summit comes amid growing recognition of the scale of the financial challenges ahead, with warnings that the world's ability...
  • With trust in short supply over broken climate financing promises from richer countries, developing nations are looking for tangible progress
  • France backs international tax on carbon emissions from shipping, with hopes for a breakthrough at a meeting of the International Maritime Organization in July

The hajj, one of the five pillars of Islam, will start on Sunday

Mecca, Saudi Arabia - The annual hajj pilgrimage, one of the five pillars of Islam, will start on Sunday with...
  • It will be the largest pilgrimage since the coronavirus pandemic forced Saudi authorities to dramatically downsize the event
  • More than 926,000 people took part in 2022, up from nearly 59,000 the previous year, according to official figures

All five on Titanic sub dead after ‘catastrophic’ implosion

Rear Admiral John Mauger told reporters in Boston that analysis showed debris found on the seafloor, 1,600 feet (500 meters)...
  • The somber announcement ended a multinational search-and-rescue operation that captivated the world since the tiny tourist craft went missing in the North Atlantic four days ago
  • Marine scientist David Mearns, who specializes in deep water search and recovery operations, said earlier the debris discovery indicated a rapid breakup of the submersible

Airlines face trouble in Europe over greenwashing charges

PARIS, FRANCE - European airlines have been hit by a consumer complaint filed with the EU's executive arm accusing the 17...
  • The European Consumer Organization, or BEUC, said the claims made by the airlines breach EU rules on unfair commercial practices.
  • The BEUC called for a Europe-wide investigation and for airlines to "stop making claims that give consumers the impression that flying is sustainable".

Interest rate increase must to control inflation, says Federal Reserve official

A senior US Federal Reserve official said that additional interest rate hikes are needed to tackle historically high inflation. "I...
  • The Federal Reserve's benchmark now sits in a range between 5.0 and 5.25 percent - its highest level since 2007.
  • All members of the Federal Open Market Committee predicted that the bank will have to raise its benchmark further before the end of the year.

Musk, Zuckerberg seek cage fight to settle differences

Months after Musk took over Twitter, Zuckerberg's Meta hinted it was planning to launch its own text-based social media platform...
  • The two men have baited each other for years with opposing views on everything from politics to artificial intelligence.
  • Musk responded angrily to a recent claim by a Meta official that there was appetite for a "sanely run" Twitter alternative.

French advanced ship to search for missing submersible

The Atalante has begun using its multibeam echo sounder to create a map of the nearby seabed to "allow Victor...
  • With just hours of oxygen believed to be left for the five people onboard the submersible Titan, the Atalante ship has begun operations at the scene.
  • The Titanic wreck sits at a depth of 3,800 meters, making it a particularly difficult area to search -- or reach for a potential rescue mission.

Bank of England hikes rate half-point even as high inflation remains

LONDON, UK -  The Bank of England on Thursday lifted its key interest rate by a half-point to five percent to...
  • The decision came one day after data showed UK annual inflation remained at 8.7 percent in May, defying expectations of a slowdown.
  • The half-point lift was in stark contrast to the Federal Reserve, which last week pressed pause on US rate hikes after a sharp easing in the country's inflation.

Iran foreign minister rounds out Gulf tour with UAE visit

Hossein Amir-Abdollahian's visit to the UAE followed stops in Qatar, Kuwait and Oman -- the latest in a flurry of...
  • Gulf Arab countries are seeking to ease tensions with Iran, fuelled in recent years by the conflicts in Yemen and Syria.
  • In a dramatic shift, China brokered an agreement in March between Iran and Saudi Arabia to restore ties after a years-long rupture.

Amid Israeli strikes, Lebanon debates disarming Hezbollah under ceasefire deal, risking political turmoil and mass protests.

The Lebanese government is set to discuss on Friday an army plan to disarm Hezbollah, which the Iran-backed group opposes,...

Company News

Latest News

Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Musk’s AI startup raises $6bn more, Saudi and Qatari funds among investors

Paris, France -- Billionaire tech mogul Elon Musk's startup xAI said it had raised $6 billion from investors in its latest...

Asian stocks mostly up after US tech rally

Asian stocks were mostly higher on Tuesday after a tech rally on Wall Street, but their gains remained modest in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Honda and Nissan expected to begin merger talks

Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants...
  • Their collaboration would create the world's third-largest automaker
  • Honda and Nissan's partnership could include a manufacturing tie-up

Pope again condemns ‘cruelty’ of Israeli strikes on Gaza

"And with pain I think of Gaza, of so much cruelty, of the children being machine-gunned, of the bombings of...
  • The mounting criticisms of Israel appear to mark a change in the pope's tone in recent weeks. He has consistently called for peace since the beginning of the Israel-Hamas war
  • At the end of September, the Pope also criticized Israel's "immoral" use of force in Gaza and in Lebanon

Tunisia women herb harvesters struggle with drought and heat

In Tunisia's highlands, women harvest wild herbs to earn a living, but drought is making their work harder, shrinking incomes...
  • Tunisia produces around 10,000 tons of aromatic and medicinal herbs each year, according to official figures.
  • Rosemary accounts for more than 40 percent of essential oil exports, mainly destined for French and American markets.