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.

Poorer countries need money before raising climate targets, says COP29 head

Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available...

Geostrategy

Google’s new AI for corner kick tactics gets Liverpool approval

PARIS, FRANCE – Liverpool football analysts have given their seal of approval to a new artificial intelligence tool from Google that...

Science
Science

UAE urges investment, action for water sustainability at UN meet

DUBAI, UAE – UAE Minister of Climate Change and Environment Mariam bint Mohammed Almheiri emphasized the importance of collaboration, data...
  • The UAE is on track to reduce total water consumption of its food sector by over 15 percent despite doubling production by 2030.
  • The UAE’s national plan - the Water Security Strategy 2036 - ensures that programs are implemented on the supply and demand side.
Market Report

Saudi Arabia’s TASI ends the week higher while UAE markets fall

Several factors contributed to the fall in UAE markets, including a decline in oil prices, worries about multinational banks' health.
  • The primary index of the Abu Dhabi Securities Exchange fell by 0.5 percent, while the Dubai market's main index dropped by 0.9 percent.
  • In Dubai, losses in the industrial and financial services sectors led to a 0.5 percent drop in the main index on Monday.
Geostrategy

UAE highlights food, energy insecurity at G20 Finance Track meeting

CHENNAI, INDIA - The UAE spoke on food and energy insecurity and their implications in the second Framework Working Group...
  • The UAE delegation highlighted emerging uncertainties in the finance sector.
  • The delegation discussed effective ways to promote global financial stability.
Economy

Eco-friendly goods buck global downward trade slide: UNCTAD

Trade in such goods grew by around four percent in the second half of 2022, with their combined value hitting...
  • Global trade surged to a record $32 trillion in 2022 before reversing course in the second half of the year amid deteriorating economic conditions and swelling uncertainties.
  • UNCTAD said it expected green industries to boom further as countries scale up their efforts to cut emissions and battle global warming.
Science

‘Rich nations must achieve net zero carbon by 2040’

UN Secretary General Antonio Guterres called on wealthy countries to move up their goals of achieving carbon neutrality as close...
  • Most rich countries have set their goal at 2050 but some are more ambitious, like Finland (2035), or Germany and Sweden (2045).
  • Leaders in emerging economies must commit to reaching net zero as close as possible to 2050, he said without naming any specific nation.
Geostrategy

Ukraine grain deal extended, says Turkey’s President

Turkey announced the extension of a deal that has allowed exports of Ukrainian grain to resume following Russia's invasion, but...
  • Turkey and the United Nations did not specify the duration of the grain deal.
  • A deal brokered by Turkey and the United Nations in July 2022 - and signed by Kyiv and Moscow - had allowed for the safe passage og grain supplies.
Geostrategy

Reform of multilateral financial institutions must for climate action, says Dr Al Jaber

PARIS, FRANCE  -  COP28 President-Designate Dr. Sultan Al Jaber met French President Emmanuel Macron and outlined his vision on the...
  • The UAE minister stressed on the need to deploy all necessary resources to transform the global energy systems.
  • Dr. Al Jaber emphasized the need for ambitious reforms across international financial institutions and multilateral development banks.
Economy

OECD raises global growth forecast as inflation eases, recovery ‘fragile’

The OECD raised its global economic growth forecast as inflation eases and China emerges from Covid restrictions, but warned of...
  • Organization for Economic Co-operation and Development says rate increases are still needed to fight inflation.
  • OECD cited uncertainty over the course of the war in Ukraine, the risk of renewed pressure on energy markets.
Geostrategy

UNSC unanimously adopts UAE, Japan resolutions on Afghanistan

NEW YORK, US - The United Nations Security Council Friday unanimously adopted two resolutions tabled by the UAE and Japan...
  • The first resolution will extend the mandate of the United Nations Assistance Mission in Afghanistan for an additional 12 months.
  • The second resolution requests that an independent assessment be carried out regarding the international approach to Afghanistan.
Research

Global cocaine supply reaches record levels, says UN drug agency

VIENNA, AUSTRIA  -  Coca cultivation hit a record high by soaring 35 percent from 2020 to 2021, a UN report showed...
  • Bolivia, Colombia and Peru altogether cultivated coca leaves in an area of more than 300,000 hectares in 2021.
  • Demand for the drug, which is sold for about US$74 per gram, is concentrated in Americas and parts of Europe.

Poorer countries need money before raising climate targets, says COP29 head

Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available...
Geostrategy

Company News

Latest News

Utilizing AI is only possible if skill gap is bridged, says expert

DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...
Business

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...
Geostrategy

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...
Science
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INSEAD Day 4- 300x600

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Economy

FAO says global food prices fell 13.7 percent in 2023

World food prices fell in 2023, with considerable declines for grains and oils as supply concerns eased, the UN's Food...
  • Overall, world food commodity prices fell 13.7 percent in 2023 compared to the previous year, Rome-based FAO said.
  • The vegetable oil price index posted the biggest fall last year, dropping 32.7 percent, thanks to improved supplies and reduced use for biofuel production.
Geostrategy

Foreign governments paid Trump firms millions as president, claims US report

NEW YORK, US - Former US president Donald Trump's businesses received at least $7.8 million from foreign governments including China during...
  • The authors of the report said that revenues from overseas governments violated a constitutional ban on "foreign emoluments."
  • The report alleged that Beijing as well as businesses including ICBC bank and Hainan Airlines spent $5.5 million at Trump-owned properties.
Geostrategy

UAE participates in UN Peacekeeping Ministerial Meeting in Ghana

ACCRA, GHANA - A United Arab Emirates delegation led by Dr. Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs...
  • The ministerial meeting was the first in Africa with previous sessions taking place in the US, the UK, Canada and the Republic of Korea.
  • The UAE delegation head held several meetings with the heads of attending delegations, including France, the UK, Bangladesh and others.