INSEAD Day 4 - 728x90

Climate Change

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 climate chief warns ‘lot more to do’ before COP30

UN climate chief Simon Stiell urged countries on Thursday to accelerate negotiations ahead of the COP30 in Brazil as there...

Science

UAE tops 50C in highest May temperature on record

The United Arab Emirates registered a sizzling 50.4 degrees Celsius on Friday, the highest on record for May, following weeks...

Economy
Geostrategy

1.5C goal on the line as countries gear up for key climate talks

Paris, France -- Facing record-shattering temperatures and a geopolitical tinderbox, countries are scrambling to lay the groundwork for crucial UN climate...
  • Ministers meet next week in the United Arab Emirates to grapple with flashpoint issues, including the future of fossil fuels.
  • Rich polluters are under pressure to finally meet their promise to provide $100 billion in funding by 2020 for poorer nations to prepare for climate extremes.
Economy

Buildings should absorb more carbon than they release

"Buildings should produce more clean energy than they consume. This transformation demands a reevaluation of our relationship with nature. Rather...
  • Renowned architect and design innovator Michael Pawlyn emphasizes the need for net positive sustainability actions.
  • The health of natural systems is pivotal for future progress, he adds during the recent Majlis Mohamed bin Zayed lecture.
Geostrategy

COP28 summit targets 68% cooling emissions cut by 2050

"Without policy intervention, direct and indirect emissions from air conditioning and refrigeration are projected to rise 90 percent above 2017...
  • Cooling methods currently account for over seven percent of global greenhouse gas emissions, according to the United Nations
  • The UN has said there are already an estimated 3.6 billion cooling appliances being used globally, but that figure is expected to soar
Business

QFZ, Samsung C&T ink MoU

The two will collaborate in green, sustainable technologies.
  • Both the parties will work together to achieve sustainability objectives within the free zones in Qatar through energy transition.
  • QFZ, Samsung C&T will also explore co-investment opportunities in green infrastructure within the free zones.

‘Too hot outside’: Saudis take to walking, jogging in malls

Roughly one in five Saudi adults is obese, according to an in-depth study published by the World Bank last year...
  • Roughly one in five Saudi adults is obese, according to an in-depth study published by the World Bank last year that described the issue as "alarming"
  • To help bring that percentage down, the Saudi Sports for All Federation now organizes races such as the Riyadh Marathon, which this year drew thousands of runners
Economy

Retail plays a pivotal role in UAE’s Net Zero mission

“To achieve our climate objectives, every segment of the economy, including retail, must work towards a greener future. The upcoming...
  • UAE minister Mariam bint Mohammed Almheiri emphasizes sustainability in retail operations
  • A total of 13 additional businesses have signed the UAE Climate Responsible Companies Pledge

Tropical cyclone kills two, displaces 10,000 in Yemen

Tropical cyclone TEJ made a landfall over the coast of Al Mahra governorate, in the country's southeast, late on Monday...
  • The storm has flooded roads, submerged cars and forced Yemen Red Crescent volunteers in Al Mahra to temporarily suspend operations
  • It cut off telecom lines and sent hundreds of families into shelters and schools, said Brigadier General Hakeem al-Mutairi from the army's Al Mahra division
Business

Red Sea Global builds largest off-grid EV charging network in Saudi Arabia

RIYADH, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, Amaala...
  • The network includes more than 150 charging stations spread across phase one of The Red Sea destination area.
  • The stations are placed to keep RSG’s initial fleet of 80 electric Lucid and Mercedes vehicles charged and on the road.
Economy

Dubai’s sustainable vision beyond skyline

Dubai is prioritizing renewable energy, sustainable design, water conservation, and biodiversity protection. Its commitment to a sustainable future showcases its...
  • Dubai, renowned for its iconic skyline and luxury, is now leading the charge against climate change with investments and initiatives such as Dubai Clean Energy Strategy 2050
  • The emirate prioritizes public transit, electric vehicles, and waste-to-energy solutions, placing global collaboration and partnerships at the heart of its climate strategy
Business

Yellen urges more IMF, World Bank reforms for climate, poverty fight

Benguerir, Morocco - US Treasury Secretary Janet Yellen said on Tuesday she backed efforts to boost the lending firepower of the...
  • Yellen said the World Bank's board of governors will endorse at this week's meetings in Marrakesh a new vision to "end poverty on a livable planet"
  • "It has become common sense that addressing climate change and other global challenges is key to achieving development," she said

UN climate chief warns ‘lot more to do’ before COP30

UN climate chief Simon Stiell urged countries on Thursday to accelerate negotiations ahead of the COP30 in Brazil as there...
Science

Company News

Latest News

Paris Olympics’ organizers worry heatwave can spell trouble for games

A new study presenting "climate simulations to anticipate worst-case heatwaves during the Paris 2024 Olympics" has focused minds after it...

Embracing renewables secures UAE’s green future

"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair,...
Economy

France flooded with applications for electric car leasing scheme

Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

2023 hottest recorded year as Earth nears critical threshold

PARIS, FRANCE - The year of 2023 was the hottest on record, with the increase in Earth's surface temperature nearly crossing...
  • Climate change intensified heatwaves, droughts and wildfires and pushed the global thermometer 1.48 C in 2023 above the preindustrial benchmark.
  • Nearly half of 2023 exceeded the 1.5C limit, beyond which climate impacts are more likely to become self-reinforcing and catastrophic, said scientists.
Business

Energy companies to test CO2 capture in Brazil undersea oil field

PARIS, FRANCE  - A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2...
  • The pilot unit will separate oil from CO2-rich natural gas at the bottom of the ocean and reinject the gas directly into the reservoir, TotalEnergies said.
  • The company said the high pressure subsea separation (HISEP) technology has the potential to reduce the intensity of greenhouse gas emissions.

Makkah region sees 600% surge in green spaces within 5 months

Jeddah, Saudi Arabia - There has been a 600% increase in green spaces in Makkah region from August to December...
  • Remote sensing data analysis revealed that the total area of vegetation cover in Makkah in August was 3,529.4 square kilometers
  • This area gradually rose over the following months with increased rainfall, reaching 26,256 square kilometers by the end of the year