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.

Norway’s wealth fund to enlist AI for managing climate risks

Oslo, Norway -- Norway's sovereign wealth fund said Wednesday that it would incorporate artificial intelligence tools into its investment analysis...

Geostrategy

“We are facing a global crisis”: Plastic pollution treaty talks open with ‘global crisis’ warning

Plastic pollution is so ubiquitous that microplastics have been found on the highest mountain peaks, in the deepest ocean trench...

Economy
Economy

COP hosts UAE, Azerbaijan, Brazil announce climate ‘troika’

The UAE hosted last year's COP28 conference in Dubai, while Azerbaijan will host this year's summit followed by Brazil in...
  • The UAE, Brazil and Azerbaijan were mandated by 198 signatories to the Dubai agreement to work together on a roadmap to limit global warming to 1.5 C
  • The 1.5-degree Celsius limit will probably be reached between 2030 and 2035, according to the Intergovernmental Panel on Climate Change (IPCC)
Business

Climate change parches Morocco breadbasket amid policy pitfalls

Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but...
  • Morocco has seen only about half the rainfall it did during the same period last year, the country's water minister Nizar Baraka told AFP.
  • The sector accounts for 14 percent of Morocco's exports, with exported produce seen as more profitable than that sold in domestic markets.
Business

Barclays bank to stop financing new oil, gas projects

London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...
  • The bank added it would scale back lending for existing fossil fuel projects as the sector faces intense pressure from activist investors to help tackle climate change.
  • The British lender's move to curb financing of oil and gas projects follows similar announcements from European bank heavyweights BNP Paribas, Credit Agricole, HSBC and ING.
Science

Scientists in UK create new fusion record

LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
  • Over 300 scientists and engineers from EUROfusion contributed to JET's landmark experiments over 40 years.
  • Proponents believe it could one day help tackle climate change by providing an abundant, safe and clean source of energy.
Science

World sees first 12 months above 1.5C warming level, says climate monitor

PARIS, FRANCE -  Earth has endured 12 consecutive months of temperatures 1.5C hotter than the pre-industrial era for the first time...
  • Recent months have seen a global onslaught of extremes, including devastating drought gripping the Amazon basin
  • The UN's IPCC climate panel had already warned that the world will likely crash through 1.5C in the early 2030s.
Geostrategy

EU seeks 90 percent drop in greenhouse emission by 2040

Strasbourg, France - The EU on Tuesday urged a 90-percent cut to its greenhouse gas emissions by 2040, even as the...
  • The 27-nation European Union is already working towards an interim target of cutting greenhouse gas emissions by 55 percent by 2030.
  • However, rising discontent could deal it a tougher time in trying to get the 2040 goal of 90 percent cuts adopted.

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...
  • Organizers of the Paris Olympics, which will run from July 26 to August 11, say they are "fully aware" of the climate-related risks to the Games
  • Operational teams have run simulations looking at the consequences of shifting some outdoor events to earlier or later start times to avoid the heat
Economy

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,...
  • UAE, under Dr. Sultan bin Ahmed Al Jaber's leadership, actively promotes global renewable energy.
  • The 'UAE Consensus' at COP28 sets specific goals for a zero-carbon energy system, Al Jaber adds.
Business

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...
  • Some 90,000 people have applied to the scheme since the start of the month, French Environment Minister Bechu said.
  • President Emmanuel Macron unveiled the plan on social media in December as part of efforts to reduce carbon emissions in France.
Economy

Saudi Arabia to highlight role in dealing with global challenges at WEF meet

RIYADH, SAUDI ARABIA – Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef said that the Kingdom’s participation in the...
  • Saudi Arabia’s participation in the annual meet underscores its pivotal role in the transition toward carbon neutrality.
  • The Kingdom’s engagement provides an opportunity for communication with key players in the private sector globally.

Norway’s wealth fund to enlist AI for managing climate risks

Oslo, Norway -- Norway's sovereign wealth fund said Wednesday that it would incorporate artificial intelligence tools into its investment analysis...
Geostrategy

Company News

Latest News

AI talking trees feature at Chelsea Flower Show

London, United Kingdom -- Talking trees powered by AI, drought-resistant crops and sweet potatoes sprouting among flowers -- the prestigious...
Arts & Culture

Morocco volunteers on Sahara clean-up mission as part Nomads Festival

M'HAMID EL GHIZLANE, Morocco - It may be the gateway to the vast Sahara desert, but that does not mean...
Economy

Nations divided ahead of decisive week for shipping emissions

London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Qatar to invest 1 bn pounds in climate technologies with UK

London, United Kingdom - The British government said Wednesday that it has agreed to a partnership with Qatar that will see...
  • British industrial group Rolls-Royce, which manufactures aircraft engines, will receive investments for programs dedicated to energy efficiency, the statement said
  • Qatar's investments in the British economy are estimated at over 40 billion pounds and the emirate indicated in 2022 that it intends to invest another 10 billion pounds by 2027

Plastic pollution talks South Korea fail to reach landmark deal

Busan, South Korea - Deeply divided negotiators failed on Sunday to reach a landmark global treaty to curb plastic pollution, missing...
  • For a week, delegates from nearly 200 nations meeting in South Korea have wrestled with how to stop millions of tonnes of plastic waste entering the environment each year
  • Plastic pollution is so ubiquitous that microplastics have been found on the highest mountain peak, in the deepest ocean and throughout almost every part of the human body

Saudi Arabia hosts UN talks on drought, desertification

Riyadh, Saudi Arabia - Saudi Arabia will host the COP16 UN conference on land degradation and desertification next week as the...
  • The subject of desertification is close to home for the Gulf kingdom, which has one of the biggest deserts on the planet
  • Land degradation disrupts ecosystems and makes land less productive for agriculture, leading to food shortages and spurring migration