INSEAD Day 4 - 728x90

Ukraine

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.
  • Zelensky to discuss war, Black Sea security during Turkey visit

    NATO member Turkey has sought to maintain good relations with Moscow and Kyiv throughout the two-year war, with Erdogan pitching himself as a key go-between and possible peace-maker.
  • Indian man fighting for Russia against Ukraine killed in action

    New Delhi, India - India's embassy in Moscow has confirmed the death of a citizen recruited by the Russian army, days after a relative told AFP he had been sent to fight in Ukraine. Two years after Russia's invasion began, tens of thousands of its soldiers have been killed in Ukraine...
  • US all set for Biden-Trump rematch as Haley bows out of race

    Pointedly declining to endorse the man she has portrayed as chaotic and mentally incompetent, former UN ambassador Haley said Trump would have to earn the support of moderates who backed her longshot campaign. Her withdrawal leaves America facing a battle for the White House between two elderly men that many...
  • Split over Gaza and Ukraine, G20 meeting ends in discord

    Brazil's Finance Minister Fernando Haddad told a news conference in Sao Paulo that it was "impossible" to reach a final joint statement. The minister said the impasse was over the ongoing conflicts without explicitly mentioning Russia's invasion of Ukraine or Israel's ongoing military campaign in the besieged Gaza Strip.
  • Russia to ban petrol exports for six months to meet domestic demand

    Despite being the world's third largest oil producer, Russia has suffered sporadic fuel shortages since last summer amid high demand and repair works on refineries. Wholesale gasoline prices have risen since the start of the year, a problem exacerbated by repeated Ukrainian drone attacks on oil refineries.
  • Zelenskyy in Saudi Arabia to discuss war; meets Mohammed bin Salman

    RIYADH, SAUDI ARABIA - President of Ukraine Volodymyr Zelenskyy and his accompanying delegation arrived here on Tuesday. The Ukrainian President was on a visit to Saudi Arabia. Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud, who is also the prime minister of the Kingdom of Saudi Arabia, received President Zelenskyy...
  • France says ‘nothing ruled out’ to thwart Russia in Ukraine

    French Prime Minister Gabriel Attal told the RTL broadcaster that there was "no consensus" on any "official" deployment of ground troops. "But no dynamic can be ruled out. We will do whatever it takes to ensure that Russia cannot win this war," he said, using the same words as Macron...
  • New Delhi confirms few Indians involved with Russian army

    New Delhi, India - India's foreign ministry confirmed on Friday that some of the country's citizens had signed up for "support jobs" with the Russian army and said it was working with Moscow to secure their discharge. The Hindu newspaper reported on Wednesday that around 18 Indians were stranded in...
  • Price of natural gas in Europe falls to a 3-year low

    LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost three years as mild winter weather continues and European stockpiles hold up. Mid-morning on Friday, the benchmark Dutch TTF futures contract was down 3.2 percent at US$24.3 (22.45 euros) a...
  • Glencore 2023 profit down 75%

    The company said lower energy prices cut into its profits.
  • Europe’s gas demand at 10-year low, to peak in 2025: report

    The invasion of Ukraine by Russia triggered a massive shift by European nations away from Russian natural gas delivered by pipelines, with prices for LNG soaring as they competed on international markets for limited supplies. With a limited number of import terminals, European nations were also forced to undertake measures...
  • Israeli apartheid against Palestinians worse than in S.Africa: Pretoria

    "We as South Africans sense, see, hear and feel to our core the inhumane discriminatory policies and practices of the Israeli regime as an even more extreme form of the apartheid that was institutionalized against black people in my country," said Vusimuzi Madonsela, South Africa's ambassador to the Netherlands, where...
  • 99 journalists killed in 2023, 72 in Israel-Hamas war alone

    "The immense loss suffered by Palestinian journalists in this war will have long-term impacts for journalism not just in the Palestinian territories but for the region and beyond. Every journalist killed is a further blow to our understanding of the world." CPJ has previously attacked what it calls "persecution" of...
  • EU adopts fallow land exemption after farmer protests

    Brussels, Belgium - The European Commission on Tuesday officially extended an exemption from contested rules to leave a share of agricultural lands fallow, which had become a flashpoint for protesting farmers across the bloc. First lifted in 2023 in response to market disruptions caused by Russia's invasion of Ukraine, the rules...
  • Global conflicts herald ‘dangerous decade’, says military think-tank

    "The current military-security situation heralds what is likely to be a more dangerous decade, characterized by the brazen application by some of military power to pursue claims," the report said.
  • Russia cannot be defeated in Ukraine: Putin

    During a two-hour long interview with the former Fox News host Tucker Carlson, Russia's President Vladimir Putin defended his decision to invade Ukraine in February 2022. The president said the West now realizes that Russia will not be defeated, despite US, European and NATO help to Ukraine.
  • US lawmakers reject US$17.6 billion Israel aid bill

    Republicans in the House of Representatives scheduled the vote after the Democratic-led Senate released a bipartisan bill Sunday pairing billions of dollars for Israel and Ukraine with some of the strictest immigration curbs in decades. But support for that $118bn package has dwindled, with Donald Trump pressuring Republicans to avoid handing President Joe...
  • oil

    Equinor reports 59% fall in net profit

    Its earnings were US$36.2bn, half of what is was in 2022.
  • UAE, Russian Presidents discuss regional and global developments

    ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan spoke by telephone to President of the Russian Federation Vladimir Putin to discuss bilateral relations and opportunities to further strengthen UAE-Russia ties. During the telephonic conversation on Monday, Putin expressed his gratitude to Sheikh Mohamed for the UAE’s successful...
  • US to sell drones worth $4bn to India to bolster its defenses against China

    The United States approved a $4 billion sale of state-of-the-art drones to India, offering a new edge to the growing US partner. The sale marks a milestone in Indian purchases of American weapons after New Delhi's reliance on weapons from Russia, which have been increasingly controversial due to sanctions over...
  • Shell annual profit drops to US$19.4bn

    Its revenue dived almost a fifth percent to US$316.6 billion.
  • Egypt grapples with dollar crunch as debt explodes

    With inflation up at 35 percent, and amid a severe foreign currency crunch, the Egyptian pound is plunging and the US dollar has become hard to come by. The country's highly import-reliant economy, dominated by military-linked enterprises and with a fondness for infrastructure mega-projects, has been hit hard by a...
  • UN court rejects most of Ukraine’s ‘terror’ case against Russia

    Kyiv had accused Moscow of being a "terrorist state" whose support for pro-Russian separatists in eastern Ukraine was a harbinger of the full-fledged 2022 invasion. It wanted Russia to compensate all civilians caught up in the conflict, as well as victims from Malaysia Airlines flight MH17, which was shot down...
  • WHO urges limiting trans fat across the world

    Geneva, Switzerland - The World Health Organization said on Monday that nearly half the world's population was now covered by solid rules limiting trans fat in foods and urged lagging countries to catch up. The WHO appealed in 2018 for industrially produced fatty acids in foods to be eliminated worldwide by...
  • Egypt’s wheat and oil reserves sufficient for several months, says minister

    Cairo, Egypt-- Egypt has enough reserves of wheat to last it for many months, according to Dr. Ali Al-Moselhi, the Egyptian Minister of Supply and Internal Trade. The minister said the country's reserves of wheat are sufficient for 4.2 months, oil for 5.3 months, and sugar for 5.4 months. He...
  • NATO kicks off biggest military exercise since Cold War

    The Western military alliance has said some 90,000 troops will take part in the months-long Steadfast Defender 24 exercise designed to test its defenses in the face of Russia's war on Ukraine. "The alliance will demonstrate its ability to reinforce the Euro-Atlantic area via trans-Atlantic movement of forces from North...
  • EU plans measures to protect sensitive technology from China

    The European Union unveiled plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into the hands of geopolitical rivals like China. Brussels has bolstered its armoury of trade restrictions to tackle what it deems to be risks to European economic security, following Russia’s invasion...
  • NATO to buy ammunitions worth $1.2 billion amid Ukraine war

    The latest deals -- signed with French firm Nexter and Germany's Junghans Microtec -- are estimated by officials to cover around 220,000 shells and deliveries to NATO members will start at the end of 2025.
  • China looks to woo back global elites at Davos forum

    Prime Minister Li Qiang, who will make a special address on Tuesday, will be the most senior Chinese official to attend Davos since President Xi Jinping in 2017. The Prime Minister will be joined by Chinese Commerce Minister Wang Wentao, the governor of the People's Bank of China and high-ranking...
  • UN wants $4.2 billion for Ukraine’s humanitarian aid in 2024

    "Remember Ukraine?" UN aid chief Martin Griffiths asked as he launched the plan in Geneva. "Please do not forget Ukraine while there are many other places in the world which grab our attention." "As we go into 2024, the competition for funding is going to be more," he acknowledged, citing...
  • Wars to cast pall over meeting of global VIPs in Davos

    Paris, France - The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine set to dominate the annual gabfest in the Swiss Alps. Russia's nearly two-year-old assault on Ukraine has taken center stage at previous editions of the World Economic Forum (WEF), with...
  • Gaza devastated and ‘largely depopulated’ as war nears 100 days

    GAZA, PALESTINIAN TERRITORIES - Bombed-out neighborhoods, mass graves dug in the sand, spreading hunger and disease -- as the bloodiest ever Gaza war nears 100 days, besieged Palestinians have endured ever new horrors. More than three months of relentless Israeli bombardment since the October 7 Hamas attack have taken a...
  • India’s Russian oil imports fall to 11-month low as price cap rises

    Indian refiners bought 1.45 million barrels per day of Russian oil last month, their lowest amount since last January and down nearly 16 percent from November, according to global energy trade intelligence platform Kpler.
  • Top global leaders to attend WEF meet amid Gaza, Ukraine war

    Paris, France - US Secretary of State Antony Blinken, Israeli President Isaac Herzog and Middle East leaders will attend a World Economic Forum in Davos next week dominated by the war in Gaza, the WEF said Tuesday. Argentina's libertarian new president, Javier Milei, French President Emmanuel Macron and Chinese Premier Li...
  • Eurozone inflation rises to 2.9% in Dec mainly due to energy costs

    The data supports comments by European Central Bank (ECB) chief Christine Lagarde, who has warned that Europe should remain on guard despite falling inflation.
  • 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 and Agriculture Organization said. The FAO's cereals price index fell 15.4 percent last year, "reflecting well supplied global markets" compared to 2022, when prices soared after Russia's invasion of Ukraine,...
  • 13 million merchandise tons shipped via special corridor, says Ukraine

    The corridor was created in August to link Ukraine's ports to the Bosphorus Straits, several weeks after Moscow refused to agree on a new accord to allow cereal exports through the contested Black Sea. The now-defunct accord had allowed Ukraine to export nearly 33 million tons of cereals and other...
  • Russia vows revenge as 21 die in Ukrainian attack

    The Belgorod attack came a day after Ukraine said a barrage of Russian missile strikes on several cities killed at least 40 people, wounding dozens more. Fresh strikes Saturday caused more casualties in the northeastern city of Kharkiv, Ukrainian officials said. Belgorod lies about 30 kilometers (19 miles) from the...
  • Turkey to hold parliament debate for Sweden’s NATO bid

    Sweden and Finland bids earned approval from all NATO members except Turkey and Hungary. They remain the only NATO members left to ratify Sweden's bid 19 months after it applied for membership. Sweden and Finland dropped decades of military non-alignment and sought to join the organisation after Russia invaded Ukraine...
  • Russia extends ban on entry of trucks from EU, UK, Norway, Ukraine

    MOSCOW, RUSSIA - The Russian government has extended the ban on the entry of trucks from the European Union, the UK, Norway and Ukraine to the country. “The restriction will remain in effect until the circumstances that served as the basis for its introduction are eliminated,” the Cabinet noted on...
  • Ukraine says it shot down three Russian Su-34 fighters

    Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted a message found on a downed Russian drone which read "Die, bitches". "Great idea! Here is our response!" he said on Telegram.
  • Strong Russia ties a strategic choice, says Xi Jinping

    The Chinese president called for deeper bilateral cooperation during a meeting with Russia's Prime Minister Mikhail Mishustin in Beijing. The strong relationship between the two nations, which has endured despite Russia's military invasion of its neighbour Ukraine in early 2022, has faced pointed criticism from Western leaders in recent years.
  • Hyundai to sell Russian plant

    Sales of Hyundai cars have tumbled in Russia.
  • UNICEF exhorts donors for US$9.4bn in funding

    The agency said the funding would allow it to reach 17.3m children in need of measles vaccinations, 7.6m children with acute malnutrition, and 19.3m children lacking access to education. At the same time, the United Nations Population Fund called for $1.2bn in funding "to address the mounting crises affecting women...
  • US sanctions China, Turkey firms to curb Russia war efforts

    Washington, United States -- The United States unveiled sanctions Tuesday on individuals and companies based in China, Turkey, the United Arab Emirates and others, aiming to disrupt Moscow's military procurement networks amid its war in Ukraine. The latest actions take aim at people and entities accused of supplying Russia’s industry and...
  • Aid pledged to Ukraine down nearly 90 percent from Aug-Oct: Report

    Paris, France - Ukraine's allies have dramatically scaled back their pledges of new aid to the country, which have fallen to their lowest level since the start of the war, the Kiel Institute's Ukraine aid tracker showed Thursday. "The dynamics of support to Ukraine have slowed," the German-based institute said, adding...
  • Volkswagen to reduce workforce

    Volkswagen has some 675,800 employees worldwide.
  • IMF to revise regional outlook over Israel-Hamas conflict

    Dubai, UAE--The IMF announced Friday that it will revise its economic outlook for the Middle East and North Africa region due to the ongoing Israel-Hamas conflict. The conflict will have wide-ranging consequences for "both people and economies" in the region, although the extent of the impact remains "highly uncertain," the...
  • Europe to splurge record $295bn on military in 2023, says official

    Moscow's all-out invasion of Ukraine in 2022 provided Europe with a wake-up call that it needed to pump more into defense to be able to confront the threat of its bellicose eastern neighbor.
  • Europe’s largest nuclear reactor malfunctions again

    Helsinki, Finland - Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said. "During the test, the plant was supposed to produce electricity normally," said Johanna Aho, head of communication at TVO. Before production was...