INSEAD Day 4 - 728x90

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.

Iran’s navy says repulses pirate attack in Gulf of Aden

The Iranian warship Alborz was escorting two oil tankers in the Gulf of Aden when they were attacked by five pirate ships. AFP
  • Iranian destroyer Alborz was escorting two oil tankers when they were attacked by five pirate ships
  • The attack was carried out against an Iranian commercial convoy

An Iranian warship on Saturday repulsed an attack by pirates against two oil tankers that it was escorting in the Gulf of Aden, the country’s naval chief said.

“Navy commandoes were successful in repulsing this morning the attack by pirates against an Iranian commercial convoy in the Gulf of Aden,” said navy commander Admiral Shahram Irani, quoted on Saturday by the official IRNA news agency. 

“The destroyer Alborz was escorting two oil tankers when they were attacked by five pirate ships,” he said, noting that Iranian shots were fired, forcing “the attackers to leave the area”.