INSEAD Day 4 - 728x90

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Agthia profit, dividend jump

Transformation lifts earnings, cash generation.

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.

Rebooted and ‘vulnerable’: Superman is back on screens

Paris, France - A rebooted Superman is flying into cinemas around the world this week, with critics mostly positive about...
  • Director and screenwriter James Gunn said he set out to make the benevolent world-saver "a little less powerful" in what is a tenth silver-screen version of the original
  • Gunn's Superman, played by square-jawed David Corenswet in his biggest role to date, appears at times naive and awkward, and has to contend with criticism on social media

European Union says Israel has agreed to ‘expand’ Gaza aid access

"This deal means more crossings open, aid and food trucks entering Gaza, repair of vital infrastructure and protection of aid...
  • Gaza's two million residents are facing dire humanitarian conditions as Israel has severely limited aid during its devastating war with Palestinian militant group Hamas.
  • The current system of aid distribution by a US- and Israeli-backed group has drawn international condemnation.

The $10 mn bag: Original Birkin smashes records at Paris auction

Paris, France -- The first-ever Birkin bag designed by French luxury brand Hermes for celebrity Jane Birkin sold for 8.58...
  • The modern design classic, owned by a Paris-based handbag collector, sparked a telephone bidding war up to seven million euros, with the final sale price set at 8.58 million.
  • The final buyer, who eclipsed eight other rivals, was a "private collector from Japan", the auction house added, without giving further details.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

Demand for crude will continue to expand through 2050, says OPEC

In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6 percent...
  • That rising demand will be "driven by expanding economic growth, rising populations, increasing urbanization, and the new energy-intensive industries like AI.
  • The IEA said last month that it expects global oil demand begin to decline in 2030, driven by the rise of electric cars and the shift away from crude to produce power.

Syria rejects federalism, calls on Kurdistan forces to join army ranks

Syria reiterated its rejection of federalism on Wednesday following a meeting with a Kurdish military official, calling on Kurdish forces...
  • The Kurds, who control vast swathes of territory in Syria's north, including oil and gas fields, have demanded a decentralised system of governance
  • A Syrian government source told the official Alekhbariah television channel on Wednesday that Damascus remained committed to "the principle of 'One Syria, One Army, One Government'

Israeli army says intercepted missile launched from Yemen

The Israeli army said early Thursday it had intercepted a missile launched from Yemen, days after carrying out strikes on...
  • "Following the sirens that sounded a short while ago in several areas in Israel, a missile that was launched from Yemen was intercepted," the army wrote on social media platform X
  • The Huthis said Monday that they boarded and sank another vessel, the Magic Seas, because its owner had done business with Israel and used its ports

Israel’s Bedouin communities use solar energy to stake claim to land

Tirabin al-Sana in Israel's Negev desert is the home of the Tirabin (also spelled Tarabin) Bedouin tribe, who signed a...
  • Tirabin al-Sana in Israel's Negev desert is the home of the Tirabin Bedouin tribe, who signed a contract with an Israeli solar energy company to build the installation
  • The deal has helped provide jobs for the community as well as promote cleaner, cheaper energy for the country, as the power produced is pumped into the national grid

Hamas agrees partial hostage release in ‘difficult’ truce talks after Qatar-brokered indirect talks

The group's statement came after four days of indirect talks brokered by Qatar and as the United States signalled its...
  • group's statement came after four days of indirect talks brokered by Qatar and as the US signalled its belief that agreement for a 60-day truce would be struck this week
  • US special envoy Steve Witkoff said part of the deal would be the return of 10 living hostages held by militants since Hamas's October 7, 2023 attack, which sparked the war

Cricket’s Indian Premier League value surges to $18.5 bn: report

New Delhi, India -- The Indian Premier League's business value has been estimated at $18.5 billion with reigning champions Royal...
  • The world's richest cricket tournament generated an estimated $11 billion a year for the Indian economy in 2020.
  • Since it launched in 2008 it has inspired a range of other franchise-based leagues in India in sports as diverse as boxing, badminton, poker and kabaddi.

Nvidia expands AI empire with Groq talent grab

San Francisco, United States -- Nvidia has hired the leadership of a promising AI chip startup, a statement said Wednesday,...

Latest News

Nigeria refinery aims to be world’s biggest with expansion

Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world...

US treasury secretary signals deal to ease trade war with China

Washington, United States -- US Treasury Secretary Scott Bessent on Sunday signaled a tentative deal with China to de-escalate their...

TotalEnergies approves restart of $20-bn Mozambique gas project

Paris, France -- France's TotalEnergies said Saturday the consortium it leads to build a $20-billion liquified natural gas project in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

US Fed will likely cut again despite economic murkiness from shutdown

The central bank's second-to-last rate meeting of the year is taking place against the backdrop of a weeks-long standoff between...
  • Without these key insights into the US economy, Fed officials will be forced to set interest rates without the full spectrum of data they normally rely upon.
  • The US central bank has a dual mandate from Congress to act independently to tackle both inflation and unemployment.

Iran declares major lender bankrupt

Iran declared one of the country's largest private banks bankrupt with its assets absorbed by the state, official media reported...
  • Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone
  • But it had more recently been crippled by debt, with accumulated losses amounting to the equivalent of about $5.2 billion

The armed groups clashing with Hamas in Gaza

Shortly after a ceasefire took effect in Gaza, clashes erupted between armed groups, some backed by Israel and others loyal...
  • Some of these groups are criminal gangs, others consist of members of historically influential Gaza families, and some combine both elements, experts told AFP
  • Armed gangs in Gaza are reportedly acting under Israeli protection, and allegedly loot aid convoys entering the territory, where shortages remain dire after Israel's blockade