INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

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.

Canada to resume funding UN agency for Palestinians

A Palestinian man transports sacks of humanitarian aid at the distribution center of the UNRWA, in Rafah. (AFP)
  • UNRWA has been at the center of controversy since Israel accused 12 of its employees in January of involvement in the October 7 attack
  • About 15 countries, including the United States, Britain, Germany and Japan, suspended funding to UNRWA at the end of January

Montreal, Canada– UNRWA has been at the center of controversy since Israel accused 12 of its employees in January of involvement in the October 7 attack carried out by the Palestinian group Hamas.

“I’m announcing that Canada’s funding for UNRWA will resume,” Minister of International Development Ahmed Hussen told reporters.

“We’re resuming funding to UNRWA because of the dire humanitarian situation on the ground,” he explained, noting that Canada was the first G7 nation to resume funding.

About 15 countries, including the United States, Britain, Germany and Japan, suspended funding to UNRWA at the end of January. The moves slashed the agency’s funds by $450 million — more than half of the funds received in 2023.

After the accusations, the UN fired the accused employees who were still alive and launched an internal investigation.

UN Secretary-General Antonio Guterres also tasked an independent group with evaluating UNRWA and its neutrality.

Canada has reviewed the investigation’s interim report and “we were reassured by the contents,” Hussen said.

He also announced that Ottawa will partner with Jordan and the World Food Program to conduct airdrops in Gaza to deliver desperately needed food and other essentials.

“We’re looking at a serious risk of mass starvation in parts of Gaza, particularly in the north,” he warned.