INSEAD Day 4 - 728x90

Global

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Future of Humanity – TRENDS’ yearly Special Issue now online

Dubai, UAE -- TRENDS’ yearly Special Issue is out. This year’s edition, titled Future of Humanity, explores key global shifts...

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.

Gaza solidarity boycott hits global food chains

As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.
  • Starbucks sales grew at their slowest pace in a year, and profits fell short of Wall Street estimates as a spending slowdown took its toll.
  • McDonald's shares declined for the second day after the company failed to achieve targeted sales for the first time since 2020 due to the war in the Middle East.

UAE, Russian Presidents discuss regional and global developments

ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan spoke by telephone to President of the Russian Federation...
  • Sheikh Mohamed reiterated the UAE's steadfast commitment to promoting peace and stability both regionally and globally.
  • The UAE and Russian Presidents discussed several issues of mutual interest, with a particular focus on the Ukraine conflict.

WW3 may begin before US President Biden’s term ends, Trump says

NEW YORK, US - World War III may break out before US President Joe Biden leaves office, former US president...
  • Trump alleged that that Biden's policy had turned the world into hell and was leading the United States to a bloodbath.
  • The US presidential election will be held in November and incumbent Joe Biden said that he would seek re-election.

Russian foreign minister to speak at Valdai Middle East Conference

MOSCOW, RUSSIA - Russian Foreign Minister Sergey Lavrov will take part in the 13th Middle East Conference of the Valdai...
  • The 13th conference is taking place at a time when the region is under the microscope amid the escalating Palestinian-Israeli conflict.
  • Experts are likely to discuss ways to come to a comprehensive settlement in the Middle East, the legacy of colonial policy.

Spain to increase UNRWA funding after donors suspend aid

MADRID, SPAIN -  Spain said on Monday that it would give an additional US$$3.8 million (3.5 million euros) in aid to...
  • Over a dozen countries, including the US, Germany, Britain and Sweden, have suspended their funding to UNRWA.
  • There are accusations that 12 UNRWA staff members were involved in the October 7 attacks in Israel by Hamas.

No Middle East escalation, urges EU foreign policy chief after US strikes

European Union foreign policy chief Josep Borrell called on all parties to avoid further escalation in the Middle East after...
  • US President Joe Biden vowing more attacks in retaliation for a deadly drone attack on an American base in Jordan.
  • The EU is aiming to launch a naval mission in the Red Sea later this month to help protect international vessels from attacks.

UAE is the most popular destination for global workers, says report

Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...
  • France, the United Arab Emirates, India, Turkey, and the United Kingdom were the top destinations for UAE recruiters.
  • This trend underscores the UAE's commitment to fostering a diverse and vibrant multinational workforce.

Jordan defeats Tajikistan to reach first Asian Cup semi-final

DOHA, QATAR - Jordan set up a semi-final against South Korea or Australia after ending Tajikistan's fairytale Asian Cup run with...

China economic slowdown to continue for the next four years, says IMF

BEIJING, CHINA - China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging...
  • The world's second-largest economy last year saw some of its slowest growth in decades
  • A debt crisis in the property sector added to geopolitical tensions and weakening global demand.

After Instagram restrictions, Meta to introduce teen accounts for Facebook

Paris, France -- Meta on Tuesday announced that it was extending its teen accounts to its social network Facebook, after...

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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...

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....

World’s only Dragon Ball theme park launched in Saudi Arabia’s Qiddiya City

RIYADH, SAUDI ARABIA – The Board of Directors of the Qiddiya Investment Company (QIC) revealed on Sunday the launch of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Putin vows retribution on Moscow concert hall attacks, as toll rises

Russian President Vladimir Putin vowed to punish those behind a "barbaric terrorist attack" on a Moscow concert hall that killed...
  • It is the deadliest attack on Russia in almost two decades and the deadliest in Europe to have been claimed by the Islamic State.
  • Russian officials expect the death toll to rise further, with more than 100 injured in hospital.

Passenger air traffic has reached pre-pandemic levels, says ICAO

MONTREAL, CANADA – In the first quarter of 2024, the International Civil Aviation Organization (ICAO) projected that passenger air traffic...
  • ICAO’s latest analysis also reveals new insights into aviation industry for the year 2023.
  • It said that air traffic on most routes had reached or surpassed pre-pandemic levels by end of 2023.

OPEC Fund provides US$50m loan to support agriculture in quake-hit Türkiye

VIENNA, AUSTRIA – The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to...
  • The Development and Investment Bank of Türkiye (TKYB) will on-lend the funds to small and medium-sized enterprises.
  • This will help efforts to overcome the calamity’s impact and to promote a more resilient and sustainable agriculture sector.