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.
  • Turkey asks Russia to renew grain deal for global food security

    Moscow, Russia - Turkey's foreign minister said on a visit to Moscow on Thursday that reviving a deal to ship Ukrainian grain across the Black Sea was "critical" for food security. "We underlined its critical role for global food security and stability in the Black Sea," Turkish Foreign Minister Hakan Fidan...
  • Iran world’s eighth largest steel producer in first half of 2023

    Tehran, Iran -- Iran became the eighth largest steel supplier in the world in the first half of 2023 as the country kept increasing its output despite supply and price hike in international markets caused by the Ukraine War. Figures from the World Steel Association (WSA) showed that Iran’s steel...
  • Russia’s goal is to end war West unleashed in Ukraine: Putin

    Johannesburg, South Africa -- Russia's special military operation pursues the goal of ending the war in Ukraine unleashed by a number of Western countries and their satellites, Russian President Vladimir Putin said at a meeting of BRICS leaders. "Russia has decided to support the people who are fighting for their...
  • Two Israelis killed in West Bank shooting, says army

    RAMALLAH, PALESTINIAN TERRITORIES - Two Israeli civilians were killed in a suspected shooting attack in the occupied West Bank on Saturday, the army said. "A suspected shooting attack was carried out at a number of Israeli civilians in the area of the town of Huwara," an army statement said, adding that two...
  • EU well-prepared for winter as gas reserves hit 90% ahead of target

    The speedy filling of storage facilities means the bloc is "in a much more stable position than it was this time last year," when Russia's invasion of Ukraine sent energy prices soaring, EU Energy commissioner, Kadri Simson, said.
  • Turkish officials discuss scenarios around stalled Russia grain deal

    Turkey’s top diplomat Hakan Fidan is planning to discuss the results of these discussions with Russian Foreign Minister Sergey Lavrov and his Ukrainian counterpart Dmitry Kuleba, Turkish media reported. Officials say a stalemate could lead to an escalation of food crisis and possible military tensions.
  • BAE to acquire Ball Aerospace

    The value of the acquisition was reported to be $5.55bn.
  • Turkey broadens grain deal talks ahead of Putin-Erdogan meet

    Ankara, Turkey -- Turkey intensified talks with Ukraine, the United States, and the European Union on the grain deal in preparation for a possible meeting between Turkish and Russian Presidents Tayyip Erdogan and Vladimir Putin, TASS reported. "The Ministry of Foreign Affairs, the Ministry of Defense, and the Ministry of...
  • Chancellor Scholz urges further talks after Saudi-led Ukraine summit

    Representatives from around 40 countries including China, Germany, India and the United States took part in last weekend's gathering in Jeddah, though Russia was not invited. "It makes sense for us to continue these talks, because they increase the pressure on Russia to realize that it has taken the wrong...
  • Russia blames Poland, Finland for ‘threats’ on western border

    Moscow, Russia - Moscow accused Poland and Finland of threatening its security on Wednesday and vowed a response to multiplying "threats" on Russia's western frontier from NATO members. Poland, Ukraine's staunch ally and neighbor, has strengthened security on its border with Belarus after Minsk became a new base for Russian Wagner...
  • West must keep ‘promises’ on Ukraine grain deal: Erdogan

    Ankara, Turkey--Turkish President Recep Tayyip Erdogan said Tuesday that the revival of a deal with Russia to allow Ukrainian grain exports, brokered by Ankara and the UN, "depends on Western countries which must keep their promises". "I think a solution can be found," Erdogan added, referring to a recent telephone...
  • Russia to continue to enhance military cooperation with Iran: Ryabkov

    Tehran, Iran-- In a defiant posture toward the West, Russia has declared that it will continue to enhance military cooperation with Iran, despite what it termed as enemies' opposition to the ties between the two countries. Deputy Foreign Minister of Russian Federation Sergei Alexeyevich Ryabkov said that the military cooperation...
  • Peace settlement possible if Ukraine stops fighting, says Russia

    Moscow, Russia - Russia said Monday a peace settlement with Ukraine was only possible if Kyiv put down its arms, after talks were held in Saudi Arabia over the weekend without Moscow's participation. Representatives from around 40 countries including China, India, the United States and Ukraine took part in the peace...
  • Iran foreign minister’s Tokyo visit: Japan to raise Russia arms supply

    Tokyo, Japan - Iran's foreign minister visited Japan on Monday for the first time since 2019, in a rare trip to a G7 member country by the Islamic republic's top diplomat. The purpose of the visit by Hossein Amir-Abdollahian to the current chair of the G7 was not announced, but reports...
  • Saudi-hosted talks on Ukraine war end with resolve to continue efforts for peace

    Jeddah, Saudi Arabia-- More than 40 representatives of countries from around the world gathered in Jeddah, pledging to continue holding consultations that could pave the way for peace in Ukraine and end the deadly war. A meeting was held in Jeddah for national security advisors and representatives from over 40...
  • Middle East makes mark in Global Soft Power Index

    TRENDS Infographics explores prominent Arab nations in the latest Global Soft Power Index, with the UAE leading the way by entering the top 10, a first for the Middle East.
  • Erdogan announces Putin visit to Turkiye in August

    Ankara, Turkiye - Turkish President Recep Tayyip Erdogan on Friday announced that his Russian counterpart Vladimir Putin would visit Ankara during August, adding that the date has not yet been set. "The date is not clear, but the foreign minister, head of the intelligence organization, they are all holding talks,"...
  • Oil prices surge for 6th straight week as global supplies tighten

    Dubai, UAE--Oil prices soared more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns. Brent crude futures rose $1.10, or 1.3%, to settle at $86.24 a barrel, while...
  • European LNG imports fall to lowest level since start of Ukraine war

    Brussels, Belgium - Europe's liquefied natural gas (LNG) imports fell to the lowest level since the start of the Russian military operations in Ukraine after a drop in prices reduced the regions appeal. LNG deliveries fell 7% in July from a year earlier to 8.6 million tons, the least since...
  • BP profit plunges to $1.8bn

    Despite the drop, BP hiked dividend.
  • Saudi Arabia to host talks on Ukraine war in push for peace

    The talks to be hosted in the Red Sea coastal city of Jeddah next weekend will discuss a path toward peace in Ukraine, convening representatives from Kyiv, Western powers and developing countries. Russia is likely to miss the meeting just as it did not participate in a similar gathering last...
  • Qatar pledges $100m for humanitarian assistance to Ukraine

    Kyiv, Ukraine - Qatar has pledged $100 million for humanitarian assistance in Ukraine. The funds were meant the rehabilitation of health and education infrastructure, provision of drinking water, and humanitarian services, in addition to allocating 50 scholarships, during the school year 2023-2024, to Ukrainian students in Qatari universities. The visiting...
  • Egypt calls for renewal of Black Sea grain export deal

    MOSCOW, RUSSIA -  Egypt's president on Friday called on Russia and Ukraine to find "urgent solutions" to allow the resumption of Ukraine grain exports to Africa, after Moscow's withdrawal led to the collapse of a Black Sea pact. The Ukraine grain deal was agreed last year and allowed around 33 million...
  • ExxonMobil Q2 profits $7.9bn

    Profits fell on lower refining margins, natural gas prices.
  • Major energy firms post sliding profits as oil and gas prices dip

    Gas prices had soared last year after Russia cut gas shipments to Europe while oil markets were also rocked by supply concerns. But natural gas prices fell sharply as European countries found new suppliers, built up reserves and experienced a mild winter.
  • Israeli army shoot Palestinian dead in occupied West Bank

    NABLUS, PALESTINIAN TERRITORIES - Israeli forces have shot dead a Palestinian in the occupied West Bank, Palestinian officials said on Saturday, in what the army described as a "car ramming attempt" near here. Fawzi Mukhalifa, 18, "was killed by the occupation (Israeli) bullets in the town of Sebastia" late on Friday,...
  • Chinese president vows solid ties with Algeria, eyes energy supply

    China's President Xi Jinping has pledged stronger ties with Algeria, highlighting the importance of their comprehensive strategic partnership. Algeria, Africa's largest natural gas exporter, has been seeking to join the BRICS economic group, and China has shown support for this goal.
  • QatarEnergy 2022 net profit $42.46bn

    QE is working to increase LNG production capacity by 64%.
  • Rich-poor split could tighten ‘grip of poverty’: World Bank chief

    The G20 talks come after Russia on Monday refused to extend a deal allowing critical Ukrainian grain exports through the Black Sea, sparking outrage from the United Nations, which has warned millions of the world's poorest would "pay the price". World Bank president Ajay Banga said he feared a lack...
  • Ukraine to continue grain exports despite Russia’s exit from deal

    Putin has been threatening to pull out of the arrangement, arguing that elements of the deal allowing the export of Russian food and fertilizers have not been honored. Russia also accuses rich countries of profiting from the bulk of Ukrainian exports. But Zelensky says that "60% of the volumes" were...
  • Millions will ‘pay the price’ of Russia’s grain deal exit: UN chief

    The move by Moscow will "strike a blow to people in need everywhere", Guterres said. "Hundreds of millions of people face hunger and consumers are confronting a global cost-of-living crisis. They will pay the price," the UN chief said.
  • Ukraine grain deal failed to achieve objective, says Putin

    Russian President Vladimir Putin said the main objective of the deal that allowed Ukrainian grain exports to resume was not achieved, in a call with his South African counterpart Cyril Ramaphosa. The deal that eased fears of a global food crisis sparked by the offensive in Ukraine is due to...
  • With Putin arriving in Aug, Erdogan confident of Ukraine grain deal extension

    The Black Sea grain deal was first signed in July 2022, five months after the Russian invasion of Ukraine, and has already been renewed two times. This time however, Putin has repeatedly threatened not to renew it because of obstacles to Russia's own exports. The deal, which Erdogan helped broker,...
  • Iran president Ebrahim Raisi holds talks with Kenya’s president

    Iranian foreign ministry spokesman Nasser Kanani has described the three-day trip as "a new turning point" which could bolster economic and trade ties with African nations. He also said on Monday that Tehran and the three African countries share "common political views".
  • NATO to discuss Ukraine bid to join at summit

    German Patriot missile systems and French fighter jets were guarding the skies as NATO leaders gathered in Lithuania, on NATO's eastern flank and a land once occupied by Moscow. The Western military alliance is set to offer its full-throated backing for Kyiv's quest for victory, but its 31 nations are...
  • Turkey unblocks Sweden NATO bid, setting stage for summit

    Turkish President Recep Tayyip Erdogan's block on Sweden's membership bid had cast a cloud over preparations for Tuesday's meeting, but the countries ironed out their differences in 11th-hour talks in Vilnius. Swedish Prime Minister Ulf Kristersson said he was "very happy" and hailed "a good day for Sweden".
  • Egypt annual inflation surges to record 36.8 percent in June

    The Egyptian pound has lost half its value against the dollar since early last year, shooting prices upward and adding to the burden of families struggling to make ends meet in the import-dependent country. The latest figures, a rise of almost 37 percent from June last year, also showed a...
  • Russia denounces repatriation of Ukrainian troops from Turkey

    "The return of Azov commanders from Turkey to Ukraine is nothing but a direct violation of the terms of existing agreements," Kremlin spokesman Dmitry Peskov was quoted as saying by Russian news agencies. Peskov said the return was linked to the "failure of the counter-offensive" launched by Ukraine, and Ankara's...
  • Zelenskiy to visit Turkiye Friday for grain deal talks with Erdogan

    Ankara, Turkiye - Ukrainian President Volodymyr Zelenskiy is set to visit Turkiye on Friday to discuss the Black Sea grain deal and the ongoing conflict in Ukraine with President Tayyip Erdogan, according to Turkiye's state-run Anadolu Agency.  The grain deal, brokered by Turkiye and the United Nations last year, enables...
  • Saudi Arabia says oil production cut not at odds with Russia

    Oil producers are grappling with falling prices and high market volatility amid fears of global economic slowdown and the Russian invasion of Ukraine, which has upended economies worldwide.
  • Saudi Arabia discusses tennis tournaments in Kingdom

    LONDON, UK - Novak Djokovic warned on Saturday that the "integrity and tradition" of tennis must be preserved should the sport strike a tournament deal with Saudi Arabia. Both the ATP and WTA, which run the money-spinning men's and women's tours, have had discussions with Saudi Arabia. The country has been...
  • EU support for Ukraine’s membership unequivocal, says Spanish PM

    Spanish Prime Minister Pedro Sanchez said that his visit to Kyiv on the first day of Spain's EU presidency showed the bloc's "unequivocal" commitment to Ukraine's bid to join the 27-nation bloc. "My being here on the first day of the six-month presidency... demonstrates a clear and unequivocal political commitment......
  • Canada, others to seek damages from Iran at UN court over downed jet

    On Wednesday, Iran took Canada to the Hague-based International Court of Justice, the UN's top tribunal, accusing Ottawa of allowing victims of alleged terror attacks to claim damages from Tehran. Tehran's case claims that Ottawa, which listed the Islamic Republic as a sponsor of terrorism in 2012, had violated Iran's...
  • Israel summons Ukraine envoy over pro-Russia accusation

    On Sunday, the Ukrainian embassy charged that "the current Israeli government" had "opted for a path of close cooperation with the Russian Federation". It noted a "near absence of Israeli humanitarian assistance to Ukraine" and a recent statement by Prime Minister Benjamin Netanyahu that Israel needed to cooperate with Russia...
  • UAE President discusses strategic ties in a call with Putin

    Abu Dhabi, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed strategic relations in a phone conversation with Russian President Vladimir Putin on Monday. Sheikh Mohamed underscored the importance of maintaining stability in Russia and ensuring the safety and security of its people. President Putin expressed his satisfaction...
  • Wagner crisis shows Ukraine war is ‘cracking’ Russian power: EU

    EU foreign ministers were scrambling to digest the fall-out from the uprising at their regular meeting in Luxembourg. Sweden's Foreign Minister Tobias Billstrom said the unrest was an "internal affair" for Russia. He insisted that the "most important thing" was supporting Ukraine so it can win back its territory.
  • China supported Russia to counter Wagner mutiny, says Moscow

    MOSCOW, RUSSIA - Russia's foreign ministry said on Sunday that Beijing had backed Moscow's efforts to counter a short-lived armed uprising led by the head of the Wagner mercenary group Yevgeny Prigozhin. "The Chinese side expressed support for the efforts of the leadership of the Russian Federation to stabilize the situation...
  • Rebels seize military base, pose serious challenge to Putin’s rule

    Rebel mercenaries have seized a crucial military base and are making their way north towards Moscow, presenting a serious security crisis and a significant challenge to Russian President Vladimir Putin's leadership. Regular forces have initiated a counter-terrorist operation to halt their advance, while infighting and divisions among key military and...
  • Iran dismisses US claims on Russia’s use of Shahed drones in Ukraine war

    Tehran, Iran--Iran’s permanent mission to the United Nations has rejected the claim by the United States and its allies about Russia’s use of Iranian drones in the Ukraine war. The mission in a statement on Friday said the "anti-Iran claims" are aimed to influence the six-month periodic report of UN...
  • Qatar signs 27-year gas supply deal with Chinese firm

    The agreement, to supply four million tons annually to the China National Petroleum Corporation (CNPC), matches the terms of a November deal with China's Sinopec as the longest ever seen in the industry.