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Global

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.

Dutch court upholds $50bn payment award in Yukos case

THE HAGUE, NETHERLANDS -  A Dutch court quashed an appeal by Russia in a record $50-billion case on Tuesday, paving the...
  • The Amsterdam Appeals Court turned down a claim by Moscow that shareholders had "committed fraud" during the arbitration process.
  • In 2014 the international Permanent Court of Arbitration (PCA) in The Hague ruled in favor of shareholders,

WHO registers eighty percent rise in measles case

Geneva, Switzerland - The World Health Organization voiced alarm on Tuesday at the rapid spread of measles, with more than 306,000...
  • At least 95 percent of children need to be fully vaccinated against the disease in a locality to prevent outbreaks, but global vaccination rates have slipped to 83 percent.
  • WHO official Crowcroft pointed out that 92 percent of all children who die from measles live among less than a quarter of the global population, mainly in very low-income countries

Global operation smashes ‘most harmful cyber crime group’

LONDON, UK - An international operation led by UK and US law enforcement has severely disrupted "the world's most harmful cybercrime...
  • LockBit and its affiliates have targeted governments, major companies, schools and hospitals, causing billions of dollars of damage.
  • LockBit's website -- selling services that allow people to organize cyber attacks and hold data until a ransom is paid appears -- was taken over.

Iran-EU trade surpasses US$5bn in 2023, says Eurostat

TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...
  • Trade between Iran and member states of the EU recorded a decrease of 9 percent from January to December 2023.
  • During that period, the exchange of products between Iran and the EU member states was valued at US$5 billion.

KEZAD Group, Al Ghurair Group’s APT ink lease pact to set up manufacturing facility

ABU DHABI, UAE – Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Al Ghurair Group subsidiary Automotive Precision Technology (APT)...
  • The 30,000 square meters advanced manufacturing facility for APT in KEZAD will be located adjacent to Emirates Global Aluminum.
  • The facility will be one of the largest manufacturers of aluminum in the world and will be operational by early 2025.

Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO

DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...
  • Dubai International, the world's busiest airport for international passengers for nearly a decade, hit 87 million visits in 2023.
  • Dubai Airports' official forecast for 2024 stands at 88.8 million passengers, despite the Israel- Hamas war which began in October.

West Bank situation an obstacle between Israel-Palestine peace, says EU

EU foreign policy chief Josep Borrell said the situation in the Israel-occupied West Bank posed a major obstacle to finding...
  • Around 490,000 Israelis live in the West Bank, which Israel has occupied since 1967, in dozens of settlements that are deemed illegal under international law.
  • The settlers live alongside around three million Palestinians in the territory.

‘Hitler did it to Jews’: Lula accuses Israel of ‘genocide’ in Gaza

Brazilian President Luiz Inacio Lula da Silva accused Israel of committing "genocide" against Palestinians in the Gaza Strip and compared...
  • They were among the strongest comments yet on the Israel-Hamas conflict from the Brazilian President.
  • Brazil currently holds the rotating presidency of the G20.

Roadmap out for environmental education, sustainable development at WEEC2024

ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...

Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities

RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...
  • Saudi Arabia now boasts five cities enlisted in the UNESCO GNLC, contributing to the goal of equipping globally competitive citizens.
  • Previously, Yanbu Industrial City was designated as a UNESCO Learning City in 2022 and Jubail Industrial City earned the Learning City status in 2020.

Osaka Expo 2025 opens: World gathers amidst hope and global tensions

From quirky Hello Kitty algae sculptures to demonstrations of flying vehicles and lunar samples, the Osaka Expo offers a fascinating...

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Turkey says Erdogan to meet Joe Biden at White House on May 9

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May...

US census to include Middle Eastern or North African category

The next US census and federal government forms will include new options for race and ethnicity including a category for...

US Federal Reserve’s preferred inflation gauge ticks up as fuel costs rise

WASHINGTON, US – The US central bank's favored measure of inflation edged higher last month on the back of rising fuel...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Rise in remittances hikes demand for Jordanian dinar, says chamber of commerce

AMMAN, JORDAN – Rising remittances from the Kingdom’s citizens working abroad has contributed to increasing demand for Jordanian dinar. Exchange...
  • There are positive indicators suggesting a stabilization in Jordan’s economy.
  • Presently the currency exchange sector comprises 250 firms across Jordan.

US defense chief tells Israeli counterpart that Gaza toll is ‘too high’

US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A...
  • A senior Pentagon official said that US Defense Secretary had discussed his hopes that negotiations would "soon produce the release of all hostages."
  • The United States has backed Israel with both military and diplomatic support.

Trump tells Israel media ‘you’re losing support’ over Gaza war

Former US president Donald Trump warned Israel in an interview that it was losing support over the war in Gaza....
  • Trump frequently touts himself as a devoted ally of Israel, pointing to his decision to move the US embassy to Jerusalem.
  • The former US President said he would have responded to Hamas's attack "very much the same way" Israel did.