INSEAD Day 4 - 728x90

Global

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

OPEC Fund provides US$50m loan to support agriculture in quake-hit Türkiye

VIENNA, AUSTRIA – The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to...

Geostrategy

EGA to acquire Leichtmetall

EGA is to buy 100 percent of firm from Leichtmetall Holding.

Business
Geostrategy

Russia to withdraw from grain deal if all conditions are not fulfilled

Russia delivered a new warning to the West over a grain deal with Ukraine, saying a number of conditions must...
  • Russia, whose economy has been hit by a raft of Western sanctions, has repeatedly threatened to walk away from the agreement if obstacles to its own exports remain.
  • There are no sanctions on Russian exports of food and fertilizers to global markets but the problems are related to sanctions on shipping, insurance companies and banks.

Fossil fuel pledges divide G7 in ‘critical decade’ for climate

The world's leading developed economies are all targeting net-zero emissions by 2050 or sooner after signing the Paris Agreement to...
  • Britain has proposed new targets on the phase-out of domestic coal power in a draft statement ahead of the minister-level talks, which kick off in Sapporo
  • Governments around the world will also be looking for action on resilience funding for the developing nations most affected by climate change
Business

LVMH posts Q1 revenue of $23.1bn

Jump in sales across all regions, including China.
  • LVMH became Europe's most valuable company in January when its market capitalization soared to US$440 billion.
  • The United States had a steady performance while "Asia experienced a significant rebound following the lifting of health restrictions".
Economy

Interest rate hikes adversely affect developing countries, says UN

The global economic slowdown and swelling interest rates are pummeling debt-ridden developing countries, the UN warned, urging bold global action...
  • Rate increases in the US and other wealthy countries may cost developing countries over US$800 billion in lost income by 2025.
  • UNCTAD said it now expected global GDP growth of 2.1 percent in 2023, down from 2.2 percent it forecast in September last year.
Science

UAE’s Rashid Rover to land on Moon on April 25

The Mohammed Bin Rashid Space Center in UAE said that Rashid Rover, onboard the HAKUTO-R Mission 1 Lunar Lander, is...
  • During the landing sequence, the Lander will perform a braking burn, firing its main propulsion system to decelerate from orbit.
  • Utilizing a series of pre-set commands, the Lander will adjust its altitude and reduce velocity to make a soft landing.
Economy

US consumer inflation slows to 5% in March year-over-year

US consumer inflation slowed in March lessening the pressure on the Federal Reserve to maintain its aggressive posture to cool...
  • Bureau of Labor Statistics report is the latest evidence that the Fed's streak of interest rate hikes over the last year is weighing on economic activity.
  • While US labor market data has remained solid, recent reports on manufacturing and the services sector have shown signs of slowing.
Economy

Global debt growing due to US, China, says IMF 

Global government debt is on track to reach levels not seen since the height of the COVID-19 pandemic, the International...
  • In the US, government debt as a percentage of economic output is expected to surpass its pandemic-era peak by 2027.
  • China's debt burden is forecast to be almost double its pre-pandemic levels by 2028, the IMF said.
Geostrategy

Tunisia intercepts over 14,000 migrants in January to March 2023

TUNIS, TUNISIA - Tunisia's coastguard said Friday it had intercepted over 14,000 migrants trying to reach Europe from January to March,...
  • The figure has risen from 2,532 intercepted in the same period last year, including 1,657 from sub-Saharan Africa.
  • Tunisia has long served as a launchpad for people fleeing conflict in countries as far afield as Cameroon and Sudan.
Economy

US hiring eases in March as economy shows signs of cooling

US job gains eased in March for a second straight month, government data showed, adding to signs that the economy...
  • The figures could bring some relief to policymakers who have been battling to rein in stubborn inflation.
  • To ease demand, the Federal Reserve has lifted the benchmark lending rate nine times since early last year.
Economy

World food prices fall for 12 consecutive months, says UN

World food prices are still high but have fallen by a fifth compared to a year ago when prices soared...
  • FAO said the fall in benchmark prices was "driven by declines in world quotations for cereals and vegetable oils."
  • The UN agency added that food remained expensive for developing countries highly dependent on imports.

OPEC Fund provides US$50m loan to support agriculture in quake-hit Türkiye

VIENNA, AUSTRIA – The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to...
Geostrategy

Company News

Latest News

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...
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...
Geostrategy

Top global leaders to attend WEF meet amid Gaza, Ukraine war

Paris, France - US Secretary of State Antony Blinken, Israeli President Isaac Herzog and Middle East leaders will attend a World...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

2023 hottest recorded year as Earth nears critical threshold

PARIS, FRANCE - The year of 2023 was the hottest on record, with the increase in Earth's surface temperature nearly crossing...
  • Climate change intensified heatwaves, droughts and wildfires and pushed the global thermometer 1.48 C in 2023 above the preindustrial benchmark.
  • Nearly half of 2023 exceeded the 1.5C limit, beyond which climate impacts are more likely to become self-reinforcing and catastrophic, said scientists.
Business

Energy companies to test CO2 capture in Brazil undersea oil field

PARIS, FRANCE  - A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2...
  • The pilot unit will separate oil from CO2-rich natural gas at the bottom of the ocean and reinject the gas directly into the reservoir, TotalEnergies said.
  • The company said the high pressure subsea separation (HISEP) technology has the potential to reduce the intensity of greenhouse gas emissions.
Business

Resilient supply chains are essential to global trade: Expert

DUBAI, UAE – For over 30 years, globalization has been the evergreen megatrend as global trade has helped lift some...
  • The COVID-19 pandemic highlighted the critical role of resilient supply chains in sustaining economies worldwide to the forefront.
  • Wars, armed conflicts, overall increasing geopolitical tensions, and protectionism create serious headwinds for global trade.