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.

Electric cars are more eco-friendly even in US, study finds

Paris, France -- Electric vehicles are less harmful to the environment than their petrol-guzzling counterparts even in the United States,...

Research

International Court of Justice court paves way for climate reparations

The court said climate change was an "urgent and existential threat" and countries had a legal duty to prevent harm...

Geostrategy
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

Japan quake toll rises to 62 as weather hampers rescuers

The 7.5-magnitude quake on January 1 that rattled Ishikawa prefecture on the main island of Honshu triggered tsunami waves more...
  • The regional government of Noto Peninsula announced Wednesday that 62 people had been confirmed dead and more than 300 injured, 20 of them seriously
  • JMA said the quake which triggered a major tsunami warning, had a magnitude of 7.6 and was one of more than 400 to shake the region through Wednesday morning
Geostrategy

Jordan takes steps to raise position in Global Food Security Index, says minister

AMMAN, JORDAN - Agriculture Minister Khaled Al-Hneifat said the ministry has been working hard over the past year to create...
  • One of the points to achieve this goal are the creation of a national database for food security.
  • The other is the issuance of a unique system for the Food Security Council, the minister said.

Race against time after deadly Japan quake

The 7.5-magnitude quake, which hit Ishikawa prefecture on the main island of Honshu, triggered tsunami waves more than a meter...
  • USGS said the quake had a magnitude of 7.5. Japan's meteorological agency measured it at 7.6 and said it was one of more than 150 to shake Noto peninsula
  • Almost 33,000 households were without power in the region, which saw temperatures touch freezing overnight, the local energy provider said
Geostrategy

Sheikh Hamdan issues resolution regulating single-use products in Dubai

DUBAI, UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...
  • The aim of the resolution is to protect the environment, encourage people to adopt an eco-friendly lifestyle.
  • The move also aims to encourage the private sector to promote the use of recycled products.
Business

GCC forges ahead in sustainable tech initiatives

In 2023, the Gulf countries made a strong push towards renewable energy and pioneering green hydrogen projects, signaling a significant...
  • In 2023, the Gulf countries made a strong push towards renewable energy and pioneering green hydrogen projects, signaling a significant green transition in the region.
  • The GCC's commitment to sustainable technology initiatives, including advancements in renewable energy, green hydrogen, and smart city solutions, make it a global leader.
Business

IsDB, SWCC sign agreement

The collaboration will involve efforts from both parties.
  • The agreement includes a mechanism for exchanging knowledge and experiences.
  • It would involve transferring the experience of SWCC to the member countries of IsDB.
Economy

Sustainable mobility rises as GCC turns to hydrogen

MENA countries, adopting ambitious clean energy and transportation strategies, aim for significant hydrogen production by 2050, led by UAE's National...
  • MENA countries, adopting ambitious clean energy and transportation strategies, aim for significant hydrogen production by 2050, led by UAE's National Hydrogen Strategy.
  • The BMW Group's innovative electric and hydrogen vehicles, showcased at COP28, underscore a pivotal shift in the GCC and MENA regions towards a greener, cleaner future.

Electric cars are more eco-friendly even in US, study finds

Paris, France -- Electric vehicles are less harmful to the environment than their petrol-guzzling counterparts even in the United States,...
Research

Company News

Latest News

‘AI saved 1.5 billion liters of water, cut carbon emissions equivalent to 1 million trees in Saudi Arabia’

Riyadh, Saudi Arabia – Artificial intelligence (AI) has contributed to saving 150 million sheets of paper and conserving 1.5 billion...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

World reaches $300 bn climate finance deal at COP29

A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against...
  • Nations grappled with bridging divides over how much wealthy, high-polluting countries should pay poorer nations most affected by climate change
  • A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against climate change

‘Moment of truth’ for world-first plastic pollution treaty

Bangkok, Thailand - Plastic pollution litters our seas, our air and even our bodies, but negotiators face an uphill battle next...
  • Countries will have a week in South Korea's Busan from Monday to round off two years of negotiations
  • The talks are a "moment of truth", UN Environment Programme chief Inger Andersen warned this month

Divided G20 fails to agree on climate action, Ukraine war escalation dominates Rio summit talks

G20 leaders in Rio failed to resolve UN climate talks deadlock, merely stating funding for developing countries battling global warming...
  • Ahead of the meeting, the UN had implored the leaders of the world's richest economies to rescue stalled climate talks in Azerbaijan by boosting funding for developing countries
  • G20 members, who are divided on who should pay, did not make such commitments, saying only that the trillions of dollars needed would come "from all sources."