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.

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...

Arts & Culture

Iraqi PM to visit Washington for troop talks

Washington, US – President Joe Biden will welcome Iraq's prime minister on April 15 for talks on the US troop presence,...

Geostrategy
Geostrategy

UAE discusses global economic challenges in EBRD meeting

SAMARKAND, UZBEKISTAN -  The UAE, represented by the Ministry of Finance (MoF), participated in the 2023 Annual Meeting of the...
  • Representatives of member states, private sector, the Board of Directors and the bank's management attended the meeting.
  • The UAE said focus should be on enhancing regional, global integration, to facilitate trade, investment and closer economic cooperation.
Business

Masdar on way to become one of world’s largest renewable energy firms

ABU DHABI, UAE -  Abu Dhabi Future Energy Company (Masdar) has announced that it has nearly doubled its clean energy...
  • Masdar announced that it has nearly doubled its clean energy capacity and CO2 displacement in just two years.
  • Masdar has invested, or has committed to invest, in projects globally with a combined value of more than US$30 billion.
Geostrategy

Conflict zones in Middle East are not getting climate funds, say aid groups

DUBAI, UAE - Conflict-plagued countries in the Middle East are among the most vulnerable to climate change but are almost entirely...
  • The UN ranks Iraq, recovering from decades of conflict, as one of five countries most impacted by effects of climate change including drought.
  • Syria and Yemen are also at heightened risk following years of war that has battered both the country's infrastructure.
Business

Alcoa, EGA ink supply pact

Alcoa is now EGA's largest third-party supplier of alumina.
  • The agreement, spanning eight years starting in 2024, includes options that enable EGA to procure up to 15.6 million metric tonnes of alumina.
  • The pact is the largest alumina supply contract ever signed between the two firms and is one of the largest in the industry, said Alcoa CEO Roy Harvey.
Business

Russian oil exports hit post-invasion high, says IEA

PARIS, FRANCE -  Russia's oil exports rose in April to the highest level since its invasion of Ukraine, boosting revenues by...
  • The Paris-based organization said Russian exports increased by 50,000 barrels per day to 8.3 million bpd in April.
  • Russia's tax receipts from its oil and gas sector were down by 64 percent year-on-year, the agency added.
Geostrategy

UAE invites Syrian President to COP28 summit in Dubai

The United Arab Emirates has invited Syrian President Bashar al-Assad to attend the UN climate summit in Dubai later this...
  • Bashar al-Assad has received an invitation to an Arab summit in Saudi Arabia scheduled for Friday.
  • Since Syria's war broke out, President Assad has held onto power and clawed back lost territory.
Market Report

Stock markets advance on US debt, elections

Major stock markets advanced after President Joe Biden said he was "optimistic" about finding an agreement on averting a first-ever...
  • The European Commission boosted its 2023 economic growth outlook for the eurozone but raised the inflation forecast for the area.
  • European gas prices reached the lowest levels in almost two years as concerns about tight supplies ease heading into the summer.
Economy

Large scale job losses if US defaults, warns government

President Joe Biden's administration again warned of "catastrophic" consequences for the US economy including huge job losses if the country...
  • The nonpartisan Congressional Budget Office forecast that the country could default on its debts by June 15 if lawmakers fail to agree on a deal.
  • Biden has stated he wants a "clean" hike of the debt ceiling, but Republicans are insisting any extension of the country's borrowing authority.
Business

EU’s imports in high-tech products worth $524bn in 2022

BRUSSELS, BELGIUM -  The EU imported US$524 billion (€482 billion) worth of high-tech products from extra-EU countries in 2022 (+22...
  • In 2022, over half of the EU’s high-tech imports from non-EU countries came from China (US$199 billion) and the United States (US$99 billion).
  • The most significant category of high-tech products imported from non-EU countries was electronics-telecommunications (US$219 billion).
Business

Shoemakers for Nike, Adidas to slash thousands of jobs

One of Vietnam's largest shoe manufacturers for brands such as Nike and Adidas will cut thousands of workers at the...
  • PouYuen Vietnam told local authorities it would lay off almost 6,000 workers with permanent contracts from the end of next month.
  • "This will be the biggest layoff since PouYuen started its operation in Ho Chi Minh City in 1996," the state media outlet said.

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...
Arts & Culture

Company News

Latest News

Mac computers could reach new glory due to AI

SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...
Business

Tata Group retains IPL sponsorship rights for record $300m

New Delhi, India - Corporate behemoth Tata Group has again been awarded title sponsorship rights of the Indian Premier League for...
Business

Coach Mancini warns Saudi against taking Kyrgyzstan lightly

Doha, Qatar - Roberto Mancini warned Saudi Arabia against falling victim to the kind of Asian Cup shock suffered by favorites...
Arts & Culture
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

World Economic Forum

In Davos, AI excitement persists but fears over managing risks

A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent...
  • Over the course of the week, more than 3,000 policy makers, business executives, academics and innovators discussed some of the world's most pressing issues at the annual meet.
  • The Forum announced it will hold a special meeting, hosted by Saudi Arabia, on “Global Cooperation, Growth and Energy for Development” on 28-29 Apr 2024 in Riyadh.
Geostrategy

Complaint against Israeli President received: Swiss prosecutors

Israeli President Isaac Herzog has been targeted with a criminal complaint during a visit to Switzerland, Swiss prosecutors said, amid...
  • The Federal Prosecutor's Office said that it had received a criminal complaint against the Israeli president.
  • South Africa launched the emergency case at the ICJ, arguing that Israel had breached the 1948 UN Genocide Convention.
Geostrategy

Strange calls may precede Israeli attacks in Lebanon

BEIRUT, LEBANON - "Good morning, madame. This is the bank calling. Are you at home?"   Since the Israel-Hamas war broke...
  • Since the Israel-Hamas war broke out, residents of southern Lebanon have been receiving strange phone calls from Lebanese numbers.
  • Lebanese security officials and the Iran-backed Hizbollah group, a Hamas ally, believe the strange calls are in fact from Israelis.