INSEAD Day 4 - 728x90

EU

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.
  • What can Europe do to fight soaring power bills?

    European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU energy market made urgent by Russia's invasion of Ukraine. This continent-wide shake up of 27 EU economies with different energy needs and sources will be a long and politically-fraught process.
  • EU ministers to look at appeal to ban Russian tourists

    Encouraged by Ukraine to ban all Russian tourists from visiting Europe, EU foreign ministers will study the idea in a two-day meeting beginning Tuesday in Prague. Although many have resisted the suggestion fearing it would prevent Russian dissidents from getting out, many have wholeheartedly agreed with it.
  • After six months of war, what’s next for Ukraine?

    Russian President Vladimir Putin announces on February 24, 2022 a "special military operation" to protect the Russian-speaking self-declared separatist republics of Lugansk and Donetsk in the east, whose independence he has just recognized. He says he wants to "de-Nazify" Ukraine, a former Soviet state, and demands a guarantee it will...
  • Europe prepares for winter without Russian gas

    Many believe Russian President Vladimir Putin is using energy supplies as a strategic weapon to put pressure on nations that have applied sanctions against Moscow for its invasion of Ukraine.
  • European nations call closure of Palestinian NGOs ‘not acceptable’

    Terming the Israeli closure of seven Palestinian NGOs in the West Bank as not acceptable, the foreign ministries of nine European countries have said they are deeply concerned by a 'worrying reduction' of space for civil society in the territory.
  • Russian gas supply cut: Germany to fall short of gas reserve target

    Germany is heavily dependent on Russian gas and has seen deliveries drop sharply amid tensions over the Ukraine war.
  • EU asks for restraint as Gaza violence escalates

    The European Union called for maximum restraint in the Gaza Strip's worst escalation of violence since a war last year. "The European Union follows with great concern the latest developments in and around Gaza," a spokesman for EU's foreign policy chief Josep Borrell said in a statement.
  • Syrian ship accused of carrying stolen Ukranian grain leaves Lebanon

    The Laodicea, which was docked in the northern port of Tripoli, was cleared to leave after investigations failed to prove it carried stolen goods, officials said. It set sail at 8:00 am (0500 GMT), according to Lebanese state media, and was later reported by authorities in Damascus to have arrived...
  • Iran says sending team to resume nuclear talks in Vienna

    Negotiations in Vienna began in April 2021 to restore the deal, but have stalled for the past five months amid differences between Tehran and Washington on several issues. The two sides have negotiated indirectly through the European Union coordinator in a bid to bring the US back into the deal...
  • US Fed official sees hope for US and EU to keep recession at bay

    A US central bank official still sees hope for the US and EU to avoid recession and achieve a soft landing by bringing inflation down to an acceptable level.
  • Will not be rushed into quick nuclear deal, says Iran

    Iran said Monday it will not be rushed into a "quick" deal reviving its faltering 2015 nuclear accord with world powers, as negotiations remain deadlocked. "They demand that Iran makes a quick decision, (insisting that) time is limited and Iran must respond quickly," foreign ministry spokesman Nasser Kanani said at...
  • EU’s Official Development Assistance reaches US$71b in 2021

    This represents a 4.3 percent increase in nominal terms and the equivalent to 0.49 percent of collective Gross National Income.
  • Euro faces many hurdles on way to recovery against dollar

    The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in two decades. The European single currency sank to $0.9952 on Thursday -- a level not seen since the end of...
  • EU car sales down 14 percent in H1 as supply shortages persist

    EU auto sales slumped by 14 percent in the first half of this year, data showed Friday, as supply shortages continued to plague manufacturers. With the lack of computer chips still hobbling production, new auto sales slumped to 4.6 million in the European Union, data from the European Automobile Manufacturers...
  • EU braces for migrants spurred by food crisis

    The EU must brace for new waves of migrants forced to uproot because of the food crisis aggravated by the war in Ukraine, the bloc's border agency chief warned Monday. While Ukrainian refugees were being handled well, "we have to prepare also for refugees coming from other areas because of...
  • 22 Malian migrants died in boat disaster off Libya: UN

    Twenty-two Malian migrants died in a boat disaster off the Libyan coast, the UN said Tuesday, citing survivors who reported victims drowning and dehydrating with three children reportedly among the dead.  After nine days at sea, 61 survivors, mostly from Mali, were rescued by the Libyan coastguard and brought back...
  • Turkey seeks extradition of ‘terror suspects’ from Finland, Sweden

    Turkey said Wednesday it would seek the extradition of 33 "terror" suspects from Sweden and Finland under a deal that paved the way for Ankara to back the Nordic countries' NATO membership bids.
  • EU to stop combustion engine sales by 2035 in Europe

    The European Union approved a plan to end the sale of vehicles with combustion engines by 2035 in Europe, the 27-member bloc announced early Wednesday, in a bid to reduce CO2 emissions to zero.
  • Iran says indirect nuke deal talks with US to resume this week

    Talks to revive the nuclear deal began in Vienna in April last year but hit a snag in March this year amid differences between Tehran and Washington.
  • Qatari private exports value surge by 46 percent in Q1 2022

    Qatar Chamber (QC) said in its quarterly report that the export value of private sector in Q1 2022 hiked to QAR 7.7 billion($2.11bn) with a 46 percent growth compared to QAR 5.3 bn($1.46bn) in Q1 2021. The report also mentioned the impact of the certificates of origin on the exports'...
  • Talks on stalled Iran nuke deal to begin in few days

    France, one of the six world powers that agreed the 2015 deal, had on Friday appealed to Iran to "seize this diplomatic opportunity to conclude now, while this is still possible."
  • EU terms blockade of Ukraine grain by Russia ‘real war crime’

    EU foreign policy chief Josep Borrell said Monday that Russia should be held "accountable" if it keeps blocking the export of vitally needed grain from Ukraine.
  • EU unveils ‘new strategic partnership’ with GCC

    European Union has unveiled a new strategic partnership with the GCC, aiming to deepen the ties with the Gulf countries.
  • Gazprom defends gas cuts as energy prices soar

    Gazprom CEO Alexei Miller said that Moscow will play by its own rules after cutting daily gas supplies to Germany and Italy.
  • Israel, Egypt to export gas to EU in its bid to cut Russian imports

    Russia's war against Ukraine has exposed our European dependency on Russian fossil fuels, and we want to get rid of this dependency," European Commission President von der Leyen said.
  • Gazprom to cut Italian energy giant Eni’s gas supply by 15 percent

    Russia's Gazprom told Eni it would cut its gas supply by around 15 percent for Wednesday, the Italian energy giant said, amid tensions between Moscow and the West following its invasion of Ukraine. "Eni confirms that Gazprom has announced a limited reduction in gas supplies for today, amounting to around...
  • European Union spent $305 billion on environmental issues in 2021

    The European Union's expenditure in 2021 on environmental protection, investments and consumption amounted to €292 billion ($305.4 bn), said Eurostat, the statistical office of the EU. The expenditure has risen by over 3 percent on average each year, with a total increase of 54 percent since 2006. Also, the expenditure...
  • UAE and European Union look to deepen cooperation

    The UAE and European Union are looking to deepen cooperation in many fields, and in particular in sub-Saharan Africa. In this regard, Sheikh Shakhboot bin Nahyan bin Mubarak Al Nahyan, Minister of State, received Jutta Urpilainen, Commissioner for International Partnerships at the European Union, and explored further cooperation between the...
  • European sanctions will wipe out Russia’s 15 years of economic gains

    Sanctions imposed on Moscow over the invasion of Ukraine are rolling back more than a decade of economic progress and three decades of integration with the West, according to an analysis Wednesday. But economists at the Institute for International Finance caution that the impact is a "moving target" since more...
  • Russians prepare for hardships as sanctions begin to hit

    With billions of dollars in financial reserves and money still coming in from oil and gas exports, Russia has yet to feel the full impact of the barrage of Western sanctions imposed over its offensive in Ukraine.
  • US to send advanced rocket systems to Ukraine: Biden

    President Joe Biden has said the United States will send more advanced rocket systems to Ukraine, as Russian troops press their ferocious bid to complete the capture of a key eastern city.
  • EU leaders ban most Russian oil, as Moscow advances in Donbas

    European Union leaders have agreed to ban more than two-thirds of Russian oil imports, tightening economic screws on the country even as Moscow's forces press their offensive in Ukraine's eastern Donbas region. The compromise deal reached late Monday, meant to punish Russia for its invasion three months ago, cuts "a...
  • Greece accuses Turkey of violating its air space

    The Greek foreign ministry issued "an immediate and strong-worded protest" to the Turkish ambassador in Athens.
  • Iran says EU nuclear coordinator will visit this week

    Enrique Mora has played a key role as an intermediary between the United States and Iran during a year of on-off talks in Vienna that have been at a standstill since March. He will meet with Ali Bagheri, Iran's chief nuclear negotiator, foreign ministry spokesman Saeed Khatibzadeh said at a...
  • EU nuclear coordinator to visit Iran this week

    The European Union's coordinator for talks between Iran and world powers over restoring a frayed 2015 nuclear deal will visit Tehran this week, Iran's foreign ministry said Monday. The date of Mora's arrival in Iran's capital has not been confirmed, but local press reported he is expected on Tuesday.
  • Sell seized Russian assets to rebuild Ukraine: EU chief

    The EU should confiscate and sell Russian assets it has seized and use the proceeds to rebuild war-scarred Ukraine, EU chief Charles Michel said in an interview published Thursday. He was the first high-ranking EU official to propose the confiscation of oligarchs' assets.
  • EU to propose phasing out Russian oil in new sanctions wave

    The EU will propose a phased-out ban on Russian oil imports as part of a fresh round of sanctions against Russia for its invasion of Ukraine, sources said on Sunday. The European Commission, which draws up sanctions for the bloc, is currently preparing a text that could be put to...
  • EU to bring in law requiring Big Tech to remove harmful content

    The European Union early Saturday finalized new legislation to require Big Tech to remove harmful content, the bloc's latest move to rein in the world's online giants.
  • Europe energy market: Will Qatar replace Russia?

    The United States has asked Qatar to supply gas to Europe if Russian supplies were disrupted due to Moscow's military operation in Ukraine and the consequent Western sanctions.
  • Iran says US ‘responsible for delays’ to revive nuclear deal

    Iran on Monday said an agreement with world powers to revive the 2015 nuclear deal was still not in sight, blaming the United States for the delay. "More than one issue is still pending between Iran and the United States," Iranian foreign ministry spokesman Saeed Khatibzadeh said.
  • Germany mulling Israeli anti-missile shield purchase

    An Arrow 3 would be sent in space if a rocket attack is uncovered, to intercept and to destroy the rocket there in space.
  • EU envoy holds talks in Iran to bridge nuclear deal gaps

    The EU's coordinator for talks to restore the 2015 nuclear deal met Iran's chief negotiator Sunday in Tehran, state media said, in a bid to close gaps in the negotiations. Iran has been engaged in negotiations to revive the accord formally known as the Joint Comprehensive Plan of Action (JCPOA).
  • EU foreign policy chief sees Iran nuclear deal in days

    EU foreign policy chief Josep Borrell said Saturday that a new deal on Iran's nuclear program would be sealed within days.
  • EU negotiators agree landmark law to curb Big Tech

    The "Digital Markets Act" (DMA) has sped through the bloc's legislative procedures and is designed to protect consumers.
  • WTO chief hails Covid vaccines IP compromise

    Ngozi Okonjo-Iweala said the compromise was a big step forward in a bid to end the logjam at the global trade body.
  • Warsaw seeks NATO ‘peace mission’ to help Ukraine

    Polish Prime Minister Mateusz Morawiecki again called on the EU to "very quickly give Ukraine candidate status".
  • Airlines want end to Covid restrictions for EU flights

    Most countries in the EU are beginning to relax requirements to present proof of vaccination and wear masks.
  • EU parliament demands to end ‘golden passport’

    The Parliament has asked member states to ban Russian applications of 'golden passport' as Russian in particular benefit from these systems.
  • Russia invasion kills dozens on first day in Ukraine

    US President Joe Biden announced export controls against Russia to cut off more than half of the country's high-tech imports, alongside sanctions on Russian elites and banks. The EU moved to impose "massive" sanctions on Russia's energy and finance sectors, while French President Emmanuel Macron called Putin to "demand immediate...
  • Heathrow airport blames big loss in 2021 on UK Covid curbs

    London's Heathrow airport announced Wednesday it narrowed annual losses only slightly in 2021 despite the reopening of global air travel, blaming what it said were stricter passenger curbs in Britain compared to the neighboring EU. Heathrow recorded pre-tax losses totaling £1.8 billion ($2.4 billion) last year, it said in a...