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.

US, Israel hold talks as Gaza truce plan fails at UN

Israel plans to send troops into Gaza's Rafah even without US support, Prime Minister Benjamin Netanyahu told Antony Blinken, as...

Geostrategy

S.Africa says Israel war undermining top UN court

South Africa's top diplomat accused Israel of setting a precedent for leaders to defy the top UN court, as she...

Geostrategy
Economy

‘Global growth to fall below 3 percent in 2023’

A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this...
  • Global growth almost halved last year to 3.4 percent as the impact of Russia's invasion of Ukraine rippled through the world economy.
  • Asia's emerging markets are expected to see substantial increases in economic output with India and China to account for half of all growth.
Economy

WTO sees 2023 global trade growth at 1.7 percent

The World Trade Organization said 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed...
  • The forecast was slightly better than feared last October, when the WTO projected 2023 trade growth would be as low as one percent.
  • The organization's economists also estimated that real global GDP growth at market exchange rates would be 2.4 percent this year.
Business

Red Cross to cut 1,500 jobs over funding crunch

GENEVA, SWITZERLAND - The Red Cross announced Tuesday that it would cut 1,500 jobs over the next 12 months in a...
  • The Red Cross said an expected drop in humanitarian assistance budgets over the next two years was forcing it to make significant cuts.
  • The Geneva-based organization said its governing board on March 30 had approved US$474 million in global cost reduction through early 2024.
Science

WMO urges more investment in integrated weather, climate services

GENEVA, SWITZERLAND - The global transition to renewable energy will require greater investment in integrated weather and climate services, the...
  • This investment is critical to ensure that energy infrastructure is resilient to climate-related shocks.
  • WMO is stepping up its activities to promote tailored weather and climate information, and forecasts.
Geostrategy

Oil cuts in interest of energy markets, says Russia

The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar...
  • Saudi Arabia and other major oil producers announced Sunday a production cut of more than one million barrels per day.
  • Russia said it would extend until the end of the year its own voluntary production cut of 500,000 barrels per day.
Economy

EU bloc records highest ever trade deficit in 2022

BRUSSELS, BELGIUM  - The EU trade in goods registered a large deficit of US$469 billion (€432 billion) in 2022, reaching...
  • The deficit was due, in particular, to a steep rise in the value of energy imports, which started towards the end of 2021 and continued through most of 2022.
  • Also in 2022, non-EU imports (+41 percent) and exports (+18 percent) reached their highest year-on-year growth rates recorded over the last 10 years.
Science

WTO 2023 to put spotlight on trade role in sustainable future

GENEVA, SWITZERLAND - The WTO’s annual Public Forum 2023 will focus this year on how trade can contribute to a...
  • The Forum will examine in particular how the services sector, digitalization and inclusive trade policies can support global environmental goals.
  • Sessions at the Public Forum are organized by representatives from civil society, academia, business, government and international organizations.
Geostrategy

Norway contributes US$23.7m of flexible funding to FAO

ROME, ITALY  -  The Food and Agriculture Organization of the United Nations (FAO) has welcomed a US$23.7 million contribution from...
  • The funds will be channeled through FAO’s Special Fund for Emergency and Rehabilitation Activities - a funding mechanism with streamlined procedures.
  • With this, FAO aims to reach around 600,000 food insecure people with farming inputs, livestock supplies, fishing inputs and cash assistance where needed.
Business

Dubai International Boat Show highlights local marine industry’s global appeal

DUBAI, UAE -  Dubai International Boat Show 2023 attracted over 30,000 visitors and industry players from across the globe for...
  • Owners and clients are increasingly interested in innovative technologies that can create a greener yacht.
  • With brands from 60 countries featured at the show, local manufacturers reported increased business.
Geostrategy

Japan plans export control measures for chip equipment

TOKYO, JAPAN -  Japan on Friday unveiled planned export controls on 23 items used to make semiconductors, following US pressure for...
  • The move to curb export of chip equipment comes as Japan confirmed its top diplomat will visit China this weekend.
  • As the second- and third-largest economies of the world, China and Japan are key trading partners.

US, Israel hold talks as Gaza truce plan fails at UN

Israel plans to send troops into Gaza's Rafah even without US support, Prime Minister Benjamin Netanyahu told Antony Blinken, as...
Geostrategy

Company News

Latest News

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...
Geostrategy

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...
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...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders

Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...
  • The Alaska Airlines scare prompted the US Federal Aviation Administration to order immediate inspections of around 171 of the jets operated worldwide.
  • Boeing has so far delivered about 218 of the 737 MAX planes worldwide, the company said.
Science

India’s solar mission Aditya-L1 enters Sun’s orbit

New Delhi, India - India's solar observation mission on Saturday entered the Sun's orbit after a four-month journey, the latest success...
  • The Aditya-L1 mission was launched in September and is carrying an array of instruments to measure and observe the Sun's outermost layers.
  • The latest mission by the Indian Space Research Organization is the first by any Asian nation to be placed in orbit around the Sun.
Business

Google Chrome begins restricting cookies in first step towards elimination

Paris, France - Google has begun limiting third-party cookies for some users of its Chrome web browser, a first step towards...
  • Cookies, small files which are used to target advertising by tracking web navigation, have recently been subject to greater regulation.
  • Google announced in January 2020 that it would begin eliminating third-party cookies within two years, but the start has been delayed several times.