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.

EU queries Meta about ad-free subscriptions, shadow banning

BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as...

Business

WTO ministers struggle to forge deals as talks go into overtime

ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...

Geostrategy
Geostrategy

Saudi Arabia wants political solution to Russia-Ukraine conflict

Russian President Vladimir Putin on Saturday, April 16, called Saudi Crown Prince Mohammed bin Salman bin Abdulaziz.
  • Russian troops entered Ukraine on February 24 to conduct what President Vladimir Putin said was a ‘special operation’
  • Since then, Russia has pummeled targets across Ukraine, while suffering losses of its own, like the sinking of its flagship Moskva
Analysis

Policy eyed as Mideast bears brunt of climate change

Disasters caused by climate change since 2000 have killed approximately 2,600 people, affected seven million others, and caused $2 billion...
  • Temperatures in the region have risen by 1.5°C over the last three decades, twice the global increase of 0.7°C
  • According to the IMF, disasters caused by climate change have killed approximately 2,600 people since 2000
Geostrategy

Iran Guards say ship smuggling fuel seized in Gulf, 7 arrests

Iran's Revolutionary Guards said Friday they seized another vessel smuggling fuel in the Gulf and arrested its seven crew members,...
  • The incident comes in the wake of a wave of seizures of vessels in the sea lanes serving the Gulf, where a large portion of the world's oil is produced and shipped.
  • Last week, Iran announced its seizure of a foreign boat carrying over 220,000 liters of smuggled fuel and the arrest of its 11 crew members, without giving further details.
Geostrategy

European Space Agency cuts lunar mission cooperation with Russia

The European Space Agency on Wednesday ended cooperation with Russia on three missions to the Moon due to Moscow's invasion...
  • The ESA had planned to have a navigation camera called Pilot-D on the Luna-25 probe, whose launch is scheduled for this summer
  • The ESA is looking for other options and partners to test the technology that would have formed part of the Russian missions.
Economy

IMF unveils new trust to help ‘vulnerable’ countries

The IMF plans to raise at least $45 billion for a new trust to help ‘low-income and vulnerable middle-income countries’.
  • The Washington-based crisis lender's Resilience and Sustainability Trust is expected to come into effect May 1
  • It is in addition to a $650 billion boost to reserve assets called Special Drawing Rights allocated earlier this year
Economy

Agencies urge urgent food insecurity action

Major international organizations issued an appeal on Wednesday for urgent measures to deal with rising food insecurity in poor countries.
  • The Russian invasion of Ukraine, and Western sanctions on Moscow, have sent energy and food prices soaring
  • Meanwhile, rising natural gas prices also have impacted fertilizer production, which in turn has hurt farmers
Economy

IEA lowers world oil demand outlook on China lockdowns

Russian oil supply, meanwhile, is expected to continue to fall in April by 1.5 million barrels per day amid its...
  • Rich countries have agreed to tap an additional 120 million barrels of oil from emergency reserves, with half from the United States.
  • Prices fell below $100 in recent days as severe lockdowns in Shanghai raised concerns that crude demand from China would fall.
Economy

Sri Lanka declares $51 bn foreign debt as economic crisis worsens

Sri Lanka's snowballing economic crisis began to be felt after the coronavirus pandemic torpedoed vital revenue from tourism and remittances.
  • Acute food and fuel shortages, as well as long daily electricity blackouts, have brought widespread suffering to the country's 22 million people.
  • The government has struggled to service foreign loans and Tuesday's decision comes ahead of negotiations for an International Monetary Fund bailout.
Geostrategy

Oman becomes first GCC nation to ratify a treaty on rights of seafarers

Oman has become the 100th country to ratify a 2006 treaty that protects the rights, pay and conditions of seafarers. The...
  • Maritime Labor Convention has become a worldwide reference for the maritime industry and a pillar of international maritime rules and regulations since its signing in 2006.
  • Guy Ryder, the ILO Director-General, said Oman, a longstanding maritime nation, has set an example for other countries in the region.
Science

Pandemic ‘far from over’, but ‘let’s end it together’, says UN chief

The UN chief said countries need to fulfil and accelerate dose-sharing and donation commitments in order to reach the billions...
  • Antonio Guterres said the spread of Omicron was “a startling reminder of how quickly COVID-19 can mutate and spread
  • The Omicron variant of the novel coronavirus is now surging in the form of the BA2 variant in many parts of the world

EU queries Meta about ad-free subscriptions, shadow banning

BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as...
Business

Company News

Latest News

1bn tons of food wasted every year while 783m people face hunger: FAO

Rome, Italy - The UN Food and Agriculture Organization (FAO) and the UN Environment Program (UNEP) said one billion tons...
Geostrategy

Politicians fail to understand scientific facts of climate, says expert

PARIS, FRANCE - Wavering ambition by governments and a growing belief that science is politically subjective are great causes for concern...
Science

Israel sells Arrow 3 missile defense system to Germany for US$3.5bn

TEL AVIV, ISRAEL - Israel's US$3.5-billion sale of its Arrow 3 missile defense system to Germany, sparked by security fears after...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Science

Antarctic sea ice hits lowest winter maximum on record, says data

WASHINGTON, US -  The sea ice around Antarctica likely had a record low surface area when it was at its maximum...
  • The ice pack typically reaches its largest size during the colder winter months, so the September 10 reading will likely remain this year's maximum.
  • At its high-point this year, the sea ice was 1.03 million square kilometers smaller than the previous record.
Business

Rising demand for critical metals pose dilemmas for investors

PARIS, FRANCE - Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors...
  • Demand for lithium, an essential component of car batteries, could increase ninefold between 2022 and 2050, said the International Energy Agency.
  • Lithium and other metals that the IEA calls “key to the clean energy transition” will be the topic of a summit hosted by the global energy watchdog in Paris.
Business

IsDBI, BIBF join hands to enhance global Islamic finance expertise

MANAMA, BAHRAIN - The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) have decided...
  • The programs cater to professionals from financial institutions, regulatory bodies, supervisory authorities and legal experts.
  • This partnership between IsDBI, BIBF focuses on elevating the industry, forging international connections, and nurturing talent on a global scale.