INSEAD Day 4 - 728x90

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.

Hajj pilgrimage ends amid deadly Saudi heat spike

Crown Prince Mohammed bin Salman said on Sunday that Saudi officials had committed "to provide everything that will serve those...

Sweden Quran burner arrested in Norway, faces deportation

OSLO, NORWAY – An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year has been...

Geostrategy
Geostrategy

Nordic countries announce deal to strengthen repatriation of refugees

COPENHAGEN, DENMARK - Nordic migration and justice ministers on Tuesday announced a deal to strengthen efforts for migrants to return to...
  • Denmark has spearheaded harder lines on migrants in the Nordics and stepped up initiatives to discourage immigration.
  • The first of the three initiatives was to increase collaboration between migration attaches responsible for deportation in the Nordic countries.
Business

NMDC, AD Ports Group ink MoU

The firms will continue to work closely on future global projects.
  • The agreement is in line with the objectives of UAE’s national strategy for industry and advanced technology.
  • The MoU will help the two firms to work together to strengthen the global maritime industry and support the economic growth of the UAE.
Geostrategy

COP28 wide open to private sector, says climate talks chief

ABU DHABI, UAE -  Upcoming UN climate talks in Dubai will be open to the private sector on an unprecedented scale,...
  • Sultan Al Jaber, the COP28 president has consistently tried to frame the climate crisis as an economic opportunity.
  • He said about 70 ministers and 100 delegations are attending the two-day talks, more than double the usual number.
Economy

Federal Reserve likely to pause interest rate hikes

The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks...
  • Interest rate hikes slow down inflation by raising the cost of borrowing from the bank, which dampens economic activity and weakens the labor market.
  • Since peaking at more than seven percent in June last year, inflation as measured by the Fed's favored yardstick has fallen by more than half.
Geostrategy

Iran, Russia to invest $38bn in developing INSTC

TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a...
  • The Iranian head of Solyanka Port spoke of the measures taken by the Islamic Republic of Iran Shipping Line (IRISL ) to develop the INSTC route.
  • The IRISL group purchased 30 rail wagons, 5,400 containers and ordered the construction of 21 equipped vessels for strengthening maritime routes.
Geostrategy

Saudi Arabia selected as member of UN’s AI Advisory Body

New York, United States-- United Nations Secretary-General António Guterres Friday announced the selection of Saudi Arabia to the UN Advisory...
  • UN Advisory Body on Artificial Intelligence (AI) consists of 39 members representing government and private and civil-society organizations.
  • Shura Council member Dr. Latifa bint Mohammad Al-Abdulkareem will represent the Kingdom at the UN AI Advisory Body.
Geostrategy

India shocked at Qatar death penalty for 8 ex-naval officers

NEW DELHI, INDIA  -  India said on Thursday that eight of its citizens had been sentenced to death by Qatar in...
  • India said it would "take up the verdict with Qatari authorities" and would continue to "extend all consular and legal assistance" to the prisoners.
  • “We have initial information that the Court of First Instance of Qatar has today passed a judgement in the case,” India’s foreign ministry said in a statement.
Business

Lebanon national carrier halves flights amid fears of Israel war

BEIRUT, LEBANON -  Lebanon's national carrier on Friday said it was cutting more than half of its flights as tensions along...
  • Only eight of the Middle East Airlines company’s 22 planes would operate as of next week, with the rest of the fleet relocated to other airports.
  • Other airlines, including Swiss International Air Lines and Germany's Lufthansa have already temporarily suspended Beirut flights,
Geostrategy

Israel army orders evacuation of northern city after Lebanon clashes

KIRYAT SHMONA, ISRAEL - The Israeli military announced plans to evacuate the northern city of Kiryat Shmona on Friday, after days...
  • Lebanon's Iran-backed Hezbollah and allied Palestinian factions have traded cross-border fire with Israel for days.
  • Israeli authorities have been steadily evacuating communities near the Gaza border and along the country's northern frontier.
Business

Air Arabia launches non-stop flights between UAE’s Sharjah, Egypt’s Giza

SHARJAH/ ABU DHABI, UAE -  Air Arabia announced the launch of a new route operating between Sharjah and Giza city...
  • The non-stop flights will connect Sharjah International Airport with Giza and will have a frequency of five weekly flights.
  • British Airways announced that it will launch daily flights from London to Abu Dhabi next year.

Hajj pilgrimage ends amid deadly Saudi heat spike

Crown Prince Mohammed bin Salman said on Sunday that Saudi officials had committed "to provide everything that will serve those...

Company News

Latest News

Hamas expresses dissatisfaction over Israel’s stance on Gaza truce

A senior Hamas official confirmed that the group's delegation in talks seeking a Gaza truce left Cairo for consultations in...
Geostrategy

Scientists launch hub to channel quantum power for good

GENEVA, SWITZERLAND – Scientists will work to channel the huge emerging power of quantum computers for the common good at a...
Science

European Union slaps $1.9bn fine on Apple over violation of rules

Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...
Business
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INSEAD Day 4- 300x600

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Geostrategy

UNRWA head seeks General Assembly support after backlash

The head of the UNRWA is set to defend his organization's work at the General Assembly, after crippling backlash over...
  • The UNRWA's ability to carry out its mandate is "seriously threatened," Lazzarini said.
  • The agency has been at the center of controversy since Israel accused about a dozen of its employees of involvement in the October 7 attack.
Business

Dubai International Boat Show helps in marine business

DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important...
  • The exhibition is recognized as one of the most influential boat shows in the world.
  • The exhibition has wrapped up following a hugely successful week of boat sales.
Geostrategy

US military begins dropping aid into war-torn Gaza

Israel's top ally the United States said it began air-dropping aid into war-ravaged Gaza, as the Hamas-ruled territory's health ministry...
  • It also comes as negotiations continue for a ceasefire between Israel and Hamas in the Gaza Strip.
  • US Central Command said the operation was conducted together with Jordan and saw planes drop “over 38,000 meals along the coastline of Gaza.”