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.

Death toll in Israeli strikes on Syria climbs to 52, says monitor

Beirut, Lebanon - The death toll in Israeli air strikes on Syria has risen to 52, including 38 government soldiers and...

Geostrategy

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...

Economy
Geostrategy

UN says over 165m people fell into poverty in 3 years of crisis

UNITED NATIONS - The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into...
  • The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the UN said.
  • Because of these shocks, the United Nations has called for a pause in debt repayments for developing countries.
Business

IDB inks pact with IRENA

IDB will fund renewable projects by joining ETAF platform.
  • The IDB plans to co-finance renewable energy projects and energy transition technologies worth US$100 million in Latin America and the Caribbean.
  • By leveraging its global reach and energy transition knowledge, IRENA is actively developing a pipeline of energy transition projects .
Business

Broadcom to acquire VMware after EU okays deal

BRUSSELS, BELGIUM- The European Commission approved US chipmaker Broadcom's planned $61 billion takeover of cloud computing firm VMware on Wednesday, conditional...
  • The massive deal had raised concerns about competition, prompting probes by antitrust watchdogs in the European Union and Britain.
  • As a remedy, Broadcom offered interoperability commitments to rival Marvell Technology and any other potential competition.
Business

OECD says sizeable progress made on sharing tax revenue on multinationals

Nearly 140 countries have taken a first step towards reaching agreement on a fairer distribution of tax revenues from multinational...
  • Multinationals, especially tech firms, are currently able to easily shift profits to countries with low tax rates.
  • In 2021, in talks led by the OECD, an agreement was reached on a minimum tax rate of 15 percent on multinationals.
Geostrategy

Both sides in Sudan must be made accountable, says UN official

BRUSSELS, BELGIUM -  Sudan's warring sides must face "accountability" for the "crimes" committed in their conflict, which risks spiraling into a...
  • The fighting, which began in mid-April, risks morphing into a tribalized and ideologized conflict, head of UN mission in Sudan said.
  • Around 3,000 people have been killed, and the UN has warned of possible crimes against humanity in the western region of Darfur.
Economy

UAE per capita income rises to 7th rank globally

ABU DHABI, UAE - The UAE ranked seventh in the world in terms of per capita national income, according to...
  • According to the Atlas method, the per capita national income in the UAE, in current US dollars, increased to US$48,950 in 2022.
  • The expression of Gross National Income (GNI) in US dollars is done using the Atlas method, which was introduced in its current form in 1989.
Science

Dubai Solar event to focus on research in clean energy

DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) said the MENA Solar Conference (MENA-SC) which it organizes from November 15-18...
  • Prominent experts, specialists and researchers worldwide will highlight the latest developments, technologies and scientific research in solar power.
  • The four-day conference will discuss various scientific research in the solar energy sector to accelerate the transition towards renewable and clean energy.
Business

Ant Group to buyback shares

Share buyback plan values Ant Group at $78.5 billion.
  • The China Securities Regulatory Commission (CSRC) on Friday slapped a $984 million fine on Ant and its subsidiaries "in view of... illegal and irregular acts".
  • Ant operates Alipay, the world's largest digital payments platform, which boasts hundreds of millions of monthly users in China and beyond.
Business

FAO says world cereal production to reach record high in 2023-24

ROME, ITALY - World cereal production is predicted to hit a record high in 2023-24, according to the latest Cereal...
  • FAO raised its 2023 global cereal production forecast to 2 819 million tonnes, indicating a 1.1 percent increase from the previous year.
  • The higher forecast almost entirely reflects better prospects for global wheat production, now pegged at 783.3 million tonnes.
Economy

‘Greenhouse gas emissions from agriculture likely to rise by 7.5% in next decade’

PARIS, FRANCE - Greenhouse gas emissions from agriculture are expected to increase by 7.5 percent in the next decade, said...
  • Projected greenhouse gas emissions are less than half the projected output growth.
  • This output indicates a significant fall in the carbon intensity of agricultural production.

Death toll in Israeli strikes on Syria climbs to 52, says monitor

Beirut, Lebanon - The death toll in Israeli air strikes on Syria has risen to 52, including 38 government soldiers and...
Geostrategy

Company News

Latest News

World’s biggest flying lab comes to Asia on air pollution mission

Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in...
Science

Law, politics hamper UK museum return of artifacts

LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including...
Geostrategy

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

Most Read

Business

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.
Geostrategy

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.
Geostrategy

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.