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.

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...

Business

Lamborghini sales up in 2023

The deliveries sped up 9.5 percent to 10,112 vehicles.

Business
Market Report

Global stocks rise despite data showing US economic  slowdown

Wall Street stocks pushed higher despite data that showed US economic growth is slowing, which raised fresh questions about interest...
  • The first quarter growth figure adds to lackluster US consumer confidence data which has deepened worries about a broader recession.
  • Yields on US government debt rose after the data was released and also reported a drop in weekly jobless claims.
Geostrategy

UAE urges UN Security Council to resolve conflicts through dialogue

NEW YORK, US - UAE Minister of State Khalifa Shaheen Al Marar urged United Nations Security Council members to peacefully...
  • The UAE calls upon UNSC to bring peaceful resolution to conflict and crises, from Sudan to Ukraine.
  • UAE says it is imperative to promote dialogue and cooperation among nations to address challenges.
Geostrategy

Russia hosts talks for normalizing ties between Syria, Turkey

Russian Defense Minister Sergei Shoigu hosted four-way talks aimed at normalizing ties between Ankara and Damascus, which were severed at...
  • Russia stressed the importance of countering "the fight against all extremist groups in Syria".
  • All participants "reaffirmed their respect for Syria's territorial integrity", the Turkish defense ministry said.
Business

Novartis Q1 profit at $2.3bn

Heart disease, cancer medicines helped enhance revenue.
  • Novartis said that its operating profit would likely increase in the high single-digits this year.
  • The group would prioritize "high-value" medicines" across five core areas to drive its productivity.
Geostrategy

India to become world’s most populous nation this week, says UN

India will overtake China as the world's most populous country in the coming week, hitting almost 1.43 billion people, the...
  • India is topping China due to both rapid growth in its own population and a decline in China's after hitting 1.426 billion last year.
  • China is expected to decline steadily to around one billion people by the end of this century, according to UN projections.
Geostrategy

UN chief calls for ceasefire in Sudan, says conflict may affect region

Foreign nations pushed with evacuations of their citizens from Sudan which, the UN chief warned, is "on the edge of...
  • The US, European, Middle Eastern, African and Asian nations have launched emergency missions to bring to safety their citizens from Sudan.
  • At least 427 people have been killed and over 3,700 wounded, as per UN agencies, which said Sudanese civilians fleeing the affected areas.
Geostrategy

Australia sets in motion largest defense renovation in decades

Australia launched its biggest defense overhaul in decades, vowing to turn a military that is "no longer fit for purpose"...
  • The biggest changes may be felt in the Australian army, which will now have a sharper focus on coastal defense.
  • Australia's military will develop the ability to strike from air, land and sea, strengthen northern bases and recruit more troops.
Business

HFZA showcases Sharjah as attractive investment destination at India Steel 2023

SHARJAH, UAE -  India is among the UAE's most significant investment partners, with substantial mutual investments. Iron and steel rank...
  • Iron and steel rank among the top commodities exported from the UAE to India.
  • India is among UAE's most vital trade partners, with substantial mutual investments.
Economy

Collective action required for food security, says FAO

MIYAZAKI, JAPAN  -  With hunger levels rising and food prices soaring in most of the world, collective actions are necessary...
  • Trade continues to be key for global food security and all nations must commit to well-functioning markets and transparency, FAO said.
  • "We need to work together in an efficient, effective and coherent manner to identify the solutions," FAO added.
Geostrategy

Russia expels more than 20 officials from German embassy

MOSCOW, RUSSIA - The Russian foreign ministry spokeswoman on Saturday announced the expulsion of "more than 20" German diplomats as a...
  • Russian ministry spokesperson told state-run television Zvezda that Moscow had decided to expel "more than 20" diplomats.
  • Her statement came shortly after Russia denounced "another mass expulsion of employees of Russian diplomatic missions in Germany.

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...
Business

Company News

Latest News

Emirates to recruit 5,000 crew members in 2024

DUBAI, UAE – Emirates will hire 5,000 people as it awaits the arrival of its fleet of Airbus A350s. The airline...
Business

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,...
Geostrategy

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...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Saudi Arabia to highlight role in dealing with global challenges at WEF meet

RIYADH, SAUDI ARABIA – Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef said that the Kingdom’s participation in the...
  • Saudi Arabia’s participation in the annual meet underscores its pivotal role in the transition toward carbon neutrality.
  • The Kingdom’s engagement provides an opportunity for communication with key players in the private sector globally.
Geostrategy

Yemen’s Houthi rebels have built a significant arsenal  

DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military...
  • Iran-backed Houthis have carried out a spate of attacks in the Red Sea, claiming to be targeting ships with Israeli links.
  • The Houthis have been steadily developing their military capabilities since 2014, when they seized the Yemeni capital Sanaa.
Geostrategy

Saudi Arabia signs MoUs with four countries for development in mining industry

RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...
  • The roundtable highlighted the need for governments and industry to achieve economic and social development for local communities.
  • A total of 79 governments, 13 international organizations, 15 NGOs and seven business associations took part in the roundtable.