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.

UAE evacuates 176 people, including media professionals, from Sudan

ABU DHABI, UAE  - The UAE has evacuated 176 people from seven countries, including media professionals, from Sudan on Saturday...
  • The UAE will host evacuees and provide them with all necessary support and assistance prior to their safe transfer to their home countries.
  • The UAE continues the process of prioritizing the evacuation of the most vulnerable groups, including the sick, children, elderly and women.

Amman Chamber exports rises to US$565m in January- March 2023

AMMAN, JORDAN  -  The Amman Chamber of Commerce (ACC)'s export of goods and commodities to Arab and other countries increased...
  • Jordanian exports to Iraq was of US$217 million, to Switzerland at about US$103 million in January- March 2023.
  • Jordanian exports to the UAE was about US$59 million, Egypt at US$42 million in January- March 2023.

WHO debates whether Covid emergency should be declared over

Since the beginning, more than 765 million confirmed cases of Covid-19 have been reported to the WHO from around the...
  • The World Health Organization's emergency committee's 15th meeting on the crisis comes more than three years.
  • The independent committee meets every three months to discuss the pandemic and reports to WHO chief.

UN says US$445m needed to help 860,000 refugees fleeing Sudan

The United Nations said it was planning for an outflow of 860,000 people from conflict-torn Sudan, adding that $445 million...
  • Over 100,000 people have already fled Sudan since deadly urban combat broke out on April 15.
  • Another 330,000 people have been displaced inside Sudan, according to UN figures - and the situation is getting worse.

Jordan briefs Russia on Amman’s Syria meeting

AMMAN, JORDAN  - Jordan's Minister of Foreign Affairs and Expatriates Ayman Safadi on Wednesday briefed his Russian counterpart Sergey Lavrov...
  • In addition to Jordan, the meeting in Amman also brought together the foreign ministers of Saudi Arabia, Iraq, Egypt and Syria.
  • Jordanian foreign minister said the political solution must preserve Syria's unity, cohesion, sovereignty and meet the aspirations of the people.

258m people require food aid, says UN report

PARIS, FRANCE -  Some 258 million people needed emergency food aid last year because of conflict, economic shocks and climate disasters,...
  • In 2022, 258 million people faced high levels of acute food insecurity in 58 countries or territories, a UN report said.
  • Over 40 percent of those lived in Democratic Republic of the Congo, Ethiopia, Afghanistan, Nigeria and Yemen, the report added.

Iran seizes oil tanker in Strait of Hormuz, says US Navy

Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz, the US Navy said, the second such incident...
  • A dozen Iranian Navy fast-attack craft swarmed the vessel in the middle of the strait, said a statement from the Bahrain-based US Fifth Fleet.
  • The troubled but commercially vital Gulf waters, which carry at least a third of the world's seaborne oil, have witnessed a spate of incidents since 2018.

Flight carrying humanitarian aid from Red Cross lands in Sudan

KHARTOUM, SUDAN -  A first Red Cross plane laden with humanitarian aid on Sunday landed in Sudan, where deadly clashes between...
  • The shipment took off from the Jordanian capital Amman and arrived in the eastern city of Port Sudan.
  • Only 16 percent of hospitals are functioning in the capital Khartoum, according to the World Health Organization.

Ex- Indian Navy officer, sailing on UAE-registered boat, is second at Golden Globe Race 2022

LES SABLES-D'OLONNE PORT, FRANCE -  UAE-registered boat Bayanat has taken second place at the Golden Globe Race 2022 (GGR) after...
  • The third edition of the GGR commenced on September 4, 2022 at the picturesque Les Sables-d'Olonne port in France.
  • Initially 30 sailors had enrolled for the competition, but only 16 were able to make it to the starting line.

Iran’s president criticizes US presence in Middle East

Iran's President Ebrahim Raisi slammed the United States' presence in the Middle East, as he hosted his counterpart from neighboring...
  • The US has 2,500 non-combat troops in Iraq to provide it with advice and training.
  • About 900 US troops remain in Syria, most in the Kurdish-administered northeast.

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...

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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...

WTO hopes to finalize fishing agreement

GENEVA, SWITZERLAND -  The head of the World Trade Organization's fisheries talks voiced optimism  on Tuesday about striking an agreement on...

Shell halts Red Sea shipments over attack fears, say report

WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Turkish strikes leaves hundreds of Syrian villages without electricity

Qamishli, Syria - Hundreds of northeast Syrian villages and towns have lost power after Turkish strikes pounded electricity stations and infrastructure,...
  • The Kurdish administration said Turkey launched a slew of strikes since Friday, mostly concentrated on infrastructure including power stations and oil refineries
  • The semi-autonomous Kurdish administration listed hundreds of villages and towns facing blackouts due to the Turkish strikes in a statement Monday

EU worried Red Sea attacks could spark inflation

European Union economy commissioner Paolo Gentiloni warned that violence in the Red Sea sparked by Houthi attacks on shipping could...
  • Gentiloni said that "what is happening in the Red Sea... is not for the moment apparently creating consequences on energy prices and inflation".
  • Tensions in the Red Sea have soared after the United States and Britain carried out strikes on Houthi rebels in Yemen.

Global personal computer shipments decline 14.8 percent in 2023

DUBAI, UAE - Worldwide PC shipments totaled 63.3 million units in the fourth quarter of 2023, a 0.3 percent increase...
  • PC shipments reached 241.8 million units in 2023, a 14.8 percent fall from 2022.
  • This is the first time that shipment volume has dipped below 250 million since 2006.