INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

UN Security Council votes for international force for Gaza, path to a future Palestinian state

Trump posted on social media that the vote "acknowledging and endorsing the BOARD OF PEACE, which will be chaired by...
  • There were 13 votes in favor of the text, which US President Trump claimed would lead to "further Peace all over the World," with only Russia and China abstaining -- but no vetoes
  • But Hamas, which is excluded by the resolution from any governance role in Gaza, said the resolution did not meet Palestinians' "political and humanitarian demands and rights."

Turkey seeks to host next COP as co-presidency plans with Australia falter

Turkey wants to host next year's UN climate change talks and is ready to organise the event alone if there...
  • Australia and Turkey are locked in a stalemate over who should host the 31st United Nations Climate Change Conference (COP31) in 2026
  • The host is selected by consensus, so unless Australia or Turkey withdraws or the countries agree to share the conference, both will miss out

Cervical cancer vaccine push has saved 1.4 million lives: Gavi

Geneva, Switzerland - A three-year campaign to bring vaccines against human papillomavirus (HPV) to low-income countries has prevented 1.4 million...
  • Cancer caused by HPV disproportionately affects low-income countries, which often lack screening services and access to treatment
  • These countries accounted for 90 percent of the 350,000 cervical cancer deaths recorded in 2022, according to Gavi

UN Security Council set to vote on Trump’s Gaza plan, deployment of international force

The draft, which has been revised several times as a result of high-stakes negotiations, "endorses" the plan, which allowed for...
  • The draft, which has been revised several times as a result of high-stakes negotiations, "endorses" the plan, which allowed for a ceasefire between Israel and Hamas to take hold
  • The latest version of the text authorizes the creation of an International Stabilization Force (ISF) that would work with Israel and Egypt and newly trained Palestinian police

Rory McIlroy wins seventh Race to Dubai title

Dubai, United Arab Emirates -- Rory McIlroy was on Sunday crowned the DP World Tour’s Race to Dubai champion for...
  • At the Earth course of Jumeirah Golf Estates on Sunday, Fitzpatrick (66) made a birdie on the 72nd hole of regulation play to set the mark at 18-under par.
  • It is Fitzpatrick’s third DP World Tour Championship title (2016 and 2020) and a 10th DP World Tour victory in 195 starts.

Samsung plans $310 bn investment to power AI expansion

Seoul, South Korea -- South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next...
  • The business group's flagship Samsung Electronics is already one of the world's top memory-chip makers, providing crucial components for the AI industry.
  • South Korea is also home to SK hynix, another key player in the global semiconductor market.

Israel says Gazans who landed in S. Africa unexpectedly had third-country approval

Israeli authorities said on Saturday that 153 Palestinians who turned up unexpectedly in South Africa, triggering questions from its president,...
  • After landing in Johannesburg on Thursday, the Gazans were kept aboard their plane for 12 hours because they did not have departure stamps from Israel in their passports
  • The home affairs ministry finally allowed the passengers to disembark when an NGO said it would provide them with accommodation

Google announces $40 billion Texas investment to expand AI infrastructure

Google announced Friday a major $40 billion investment in Texas through 2027 to build new cloud computing and artificial intelligence...
  • The investment will fund new data center campuses in northern Texas, adding to Google's presence in the Lone Star State that spans more than 15 years, the company said
  • "Our latest investment in Texas is designed to not only support Texas' workforce, but to ensure the US retains the technical backbone to lead the world in AI," Google said

EU approves ADNOC’s purchase of Germany’s Covestro

Brussels, Belgium -- The European Commission on Friday greenlit the takeover of German chemical firm Covestro by UAE state oil...
  • Plastics maker Covestro accepted a bid from the Abu Dhabi National Oil Company in October, valuing the company at 12 billion euros ($14 billion).
  • ADNOC has promised to inject around 1.2 billion euros into the chemicals firm through the issuance of new shares under the terms of the takeover.

Saudi prince, eyeing defense pledge, to meet Trump after long US absence

Saudi Arabia is unlikely to agree to normalization with Israel at this stage, with Prince Mohammed's priority set for firmer...
  • A US-Saudi investment forum spotlighting energy and artificial intelligence will take place in Washington during the prince's visit, the event's website says.
  • As Riyadh embarks on ambitious tourist and entertainment projects to diversify its oil-reliant economy, it has sought to de-escalate regional tensions -- including with Iran.

Algeria include son of Zinedine Zidane in AFCON squad

Goalkeeper Luca Zidane, a son of France football icon Zinedine Zidane, was named on Saturday in the Algeria squad for the...

Latest News

OpenAI declares ChatGPT ‘code red’ over stiff competition: report

Washington, United States -- OpenAI CEO Sam Altman has declared a company-wide "code red" as its ChatGPT technology faces stiff...

Amazon unveils new AI chip in battle against Nvidia

San Francisco, United States -- Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push...

Saudi powers forward with deficit spending to fund reforms

The Arab world's largest economy is overseeing a major push to slash its dependence on oil revenues, with officials pouring...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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If Europe wants war with Russia, ‘we are ready,’ says Putin as he meets US envoys over Ukraine deal

Washington has presented a 28-point draft to end the conflict, later amended after criticism from Kyiv and Europe, which viewed...
  • The comments came as US envoy Steve Witkoff and President Donald Trump's son-in-law Jared Kushner were in Moscow for high-stakes talks on ending the nearly four-year war
  • "They have no peaceful agenda, they are on the side of war," he added, repeating his claim that European leaders were hindering US attempts to broker peace in Ukraine

Amazon tests ‘ultra-fast’ deliveries in two US cities

San Francisco, United States - Amazon on Monday began testing "ultra-fast" deliveries in two US cities, giving some shoppers the...
  • Amazon is piloting its new “Amazon Now” feature in select neighbourhoods, offering items ranging from groceries to electronics
  • Delivery fees for the ultra-fast service start at $3.99 for Prime members and $13.99 for non-members

Bid by Netflix for Warner Bros Discovery signals streaming giant’s ambition to dominate global content production

Streaming giant Netflix has made a mostly cash offer to buy TV and film group Warner Bros Discovery as the...
  • Netflix joined Paramount Skydance and Comcast, the owner of NBCUniversal, in a second round of an auction that was being negotiated throughout the US Thanksgiving holiday
  • The parent company of HBO, CNN and the Warner Bros film studio officially put itself up for sale in October after receiving multiple unsolicited offers