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

Human ancestor Lucy gets first European showing in Prague

Prague, Czech Republic --The 3.18-million-year-old bone fragments of human ancestor Lucy, which rarely leave Ethiopia, went on display in Prague...

Science

Bird call contest boosts conservation awareness in Hong Kong’s concrete jungle

The competition brought nearly 100 people together, including a contestant who mimicked the critically endangered yellow-crested cockatoo.

Arts & Culture
Business

Bed Bath & Beyond files for bankruptcy

The firm was a regular on the Fortune 500 list of biggest American companies.
  • The home goods chain filed voluntary petitions for relief under Chapter 11 at the United States Bankruptcy Court.
  • The New Jersey-based retailer, sold everything from shower curtains and soaps to vacuum cleaners and duvet covers.
Geostrategy

Algerian president to visit France in June

ALGIERS, ALGERIA -  Algerian President Abdelmadjid Tebboune will visit France in June, his office said Sunday, weeks after a diplomatic spat...
  • In February, Algeria withdrew its ambassador from France, accusing it of helping an activist, sentenced to prison, flee the African country.
  • Algeria was a French colony for 130 years and gained its independence in 1962 after a devastating eight-year war.
Business

AI may help in machinery repair, labor crisis

The launch chatbot ChatGPT by the US firm OpenAI last year has resulted in an explosion of interest in uses...
  • The potential for artificial intelligence in the manufacturing sector was in focus at Hanover Fair on industrial technology in Germany last week.
  • In Europe's biggest economy, almost 58 percent of manufacturers complain of workforce shortages, according to a study.
Business

German public sector workers clinch 5.5 percent pay rise

The deal comes after several weeks of stalemate and repeated strikes among postal, transport and health workers demanding more money...
  • From June 2023, a tax-free inflation compensation payment of 3,000 euros is to be paid in several instalments.
  • Inflation in Germany stood at 7.4 percent in March, remaining high despite having fallen from a peak of 8.8 percent in October.
Geostrategy

UK to test new alert system on mobile phones

LONDON, UK - The UK will conduct its first test of a new emergency alert service on Sunday, with millions of...
  • The alert system, modeled on schemes in Canada, Japan, and the US aims to warn the public if there is a danger to life nearby.
  • Emergency services and the government hope to use the system to alert people to issues such as severe flooding and fires.
Economy

Morocco impounds 5.4 tonnes of cannabis, haul of cocaine

Morocco is the world's largest producer of cannabis resin according to the United Nations, and police seized nearly 100 tonnes...
  • Security and customs officers seized the cannabis resin in the northern port of Tangier on board an international freight truck, DGSN said late Saturday
  • In a separate operation, also in Tangier, nearly 60 kilogrammes of cocaine were seized on Thursday inside a refrigerated container, police said
Economy

China’s property market buzzes with excitement after record slump

Beijing, China--Pummelled by a housing crisis that caused a record-breaking slump last year, some Chinese property developers are starting to see...
  • The property sector was also dented by some homeowners refusing to pay their monthly mortgage payments after getting fed up with developer
  • China's property sector and construction account for about a quarter of China's GDP and is a key pillar of the country's growth

Twitter restores blue ticks for some media, celebrities

Many who unwillingly gained blue ticks made it clear that they had not subscribed, as the badge became a symbol...
  • Non-paying accounts that had a blue tick lost it on Thursday, as owner Elon Musk implemented a strategy, dubbed Twitter Blue, to generate new revenue, announced last year
  • On Friday and Saturday, a number of celebrities regained their blue ticks, seemingly without action on their part, including author Stephen King, Donald Trump

UK prepares for King Charles III’s coronation in May

Charles and Camilla's grandchildren will take part in the ceremony, watched by more than 2,000 invited dignitaries -- a quarter...
  • The set-piece coronation at Westminster Abbey on May 6 is the first in Britain in 70 years, and only the second in history to be televised
  • King Charles III will be the 40th reigning monarch to be crowned at the central London church since King William I in 1066
Geostrategy

EU foreign policy chief asks European navies to patrol Taiwan Strait

Paris, France--EU foreign policy chief Josep Borrell called on European navies to patrol the disputed Taiwan Strait, in a opinion piece...
  • Echoing comments he made last week, Borrell reiterated in the journal Du Dimanche how crucial Taiwan is to Europe
  • Vowing to bring the island under its control one day, China claims Taiwan as part of its territory

Human ancestor Lucy gets first European showing in Prague

Prague, Czech Republic --The 3.18-million-year-old bone fragments of human ancestor Lucy, which rarely leave Ethiopia, went on display in Prague...
Science

Company News

Latest News

Oil prices tumble after Israeli attacks spare Iran facilities

Tokyo, Japan - Oil prices tumbled in early Asian trading Monday with dealers relieved that Israeli strikes carried out Saturday against...
Economy

Media: Two major American liberal newspapers refuse to endorse Kamala Harris

With few days remaining to vote in the US election, two major liberal American newspapers have decided not to endorse...
Geostrategy

Saudi Arabia opens resort island at futuristic mega-city NEOM

Riyadh, Saudi Arabia -- Saudi Arabia's planned futuristic mega-city known as NEOM announced on Sunday the opening of its "first physical...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Updates: Israel targets key military sites in Iran amid escalating tensions in Middle East

Explosions sounded across Tehran after Israel’s airstrikes on Iranian military sites, raising fears of a broader conflict in the Middle...
  • The rapid escalation of violence has heightened fears across the region and beyond of a wider war, pitting Israel against Iran and the allies it dubs the "axis of resistance"
  • US National Security Council spokesman Sean Savett said the "targeted strikes on military targets" are " exercise of self-defence and in response to Iran's ballistic missile attack
Arts & Culture

Saudis part ways with coach Mancini after a run of poor results

Riyadh, Saudi Arabia -- Saudi Arabia's football body said it was ending the contract of national coach Roberto Mancini after 14...
  • The Saudi Football Federation has reached a mutual agreement to terminate the contract of Mancini, 59, who signed a lucrative deal until 2027 in August last year.
  • Building a strong national team is a priority for the oil-rich Saudis who splashed more than a billion dollars on players last year and are the sole bidders for the 2034 World Cup.
Geostrategy

Israel and Hamas near ceasefire talks, spy chief heads to Qatar as truce momentum builds

Israel’s Mossad chief will travel to Qatar for ceasefire negotiations as Hamas signals readiness to halt fighting, contingent on Israel...
  • Previous bids to stop the year-long war have failed, though the United States has voiced hope the killing of Hamas leader Yahya Sinwar last week could serve as opening for a deal
  • A senior Hamas official told AFP that a delegation from the group's Doha-based leadership discussed "ideas and proposals" related to a Gaza truce with Egyptian officials in Cairo