INSEAD Day 4 - 728x90

United States

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.
  • US private sector employment surges by 242,000 jobs in Feb

    "We're seeing robust hiring, which is good for the economy and workers, but pay growth is still quite elevated," said Nela Richardson, chief economist at ADP, in a statement.
  • Pentagon chief in Iraq, 20 years after US-led invasion toppled Saddam

    Iraq has recently hosted a raft of foreign officials, including the Iranian, Russian and Saudi foreign ministers and UN chief Antonio Guterres. Since US-led coalition troops ousted Saddam's Sunni Arab-dominated regime, Iraq's Shiite majority has led Iraq under a confessional power-sharing system. Successive governments have forged close ties with Iraq's...
  • US wants hike in global crude output, including from OPEC: official

    The United States wants to see a hike in oil production, including from OPEC countries, said a senior State Department official Monday. "As world economies recover, we'll see more consumption. And therefore we'd like to see supply meet demand," said Jose Fernandez, the US Undersecretary of State for Economic Affairs,...
  • Chip industry transformations enable Qatar, other GCC countries to diversify their economies, say experts

    The Gulf countries are also able to attract highly qualified and scientific expertise and skilled workers, and they possess the primary resources for the manufacture of chips and semiconductors, especially silicon extracted from sand, plastic and petroleum materials, he adds.
  • Jordan to host Palestine-Israel meeting as tension escalates

    Jordan will host a "political-security" meeting between Israel and the Palestinians to try and restore calm to the occupied Palestinian territories after deadly violence, a Jordanian government official said. The meeting to be held in the Red Sea resort of Aqaba will also be attended by United States and Egyptian...
  • European Commission bars TikTok use by staff over data protection

    The ban also means European Commission staff cannot use the Chinese-owned video-sharing app on personal devices including phones that have official apps installed, the spokesperson said, confirming a report by news website Euractiv.
  • Atomic energy watchdog’s group in Iran to sort out ‘ambiguities’

    Tehran, Iran - Iran said Wednesday that International Atomic Energy Agency inspectors were in the country to clear up "ambiguities" about its uranium enrichment activities. The visit comes after a report by Bloomberg News last week, strongly denied by Tehran, that its nuclear scientists have enriched uranium to 84 percent purity,...
  • Oil prices little changed in early Asian trade

    The benchmarks closed lower by about 4 percent last week after the United States reported higher crude and gasoline inventories.
  • Blinken reaches Turkey to support quake-hit country

    US Secretary of State Antony Blinken arrived in Turkey to show support to the earthquake-hit country and NATO ally which has had tumultuous ties with Washington. His visit comes after a 7.8-magnitude tremor hit southeastern Turkey and northern Syria killing nearly 45,000 people but his trip had been planned before...
  • Russia’ Foreign Minister in Iraq for energy talks

    Iraq, a close ally of Iran, also has strategic relations with the United States, which still has soldiers in the country as part of the international coalition facing the Islamic State group. On Thursday, Iraqi foreign minister Fuad Hussein hosted Saudi Foreign Minister Prince Faisal bin Farhan. No mention was...
  • Markets take a hit as US jobs fan rate worries

    optimism was dealt a heavy blow Friday by data showing more than half a million new jobs were created in the United States last month, nearly double the December figure and far more than the 188,000 expected. Government figures also showed unemployment fell to the lowest level since 1969. The...
  • Europe in crossfire of US-China economic rivalry

    The United States has adopted the Inflation Reduction Act (IRA), which contains $370 billion in sweeping investments, subsidies and tax cuts to reduce greenhouse gas emissions, making it the largest-ever US programme to combat climate change. But some of its provisions have been criticised by European Union officials as discriminatory...
  • Key US inflation gauge slows in December while spending falls

    The tightening measures are showing effect, with the Fed's preferred inflation gauge, the personal consumption expenditures (PCE) price index rising 5.0 percent last month from a year ago, down from 5.5 percent in November, Commerce Department data showed on Friday. This extends a downward trend since mid-2022, when American households...
  • US economy slows in 2022, may result in lower Fed rate hikes ahead

    Household spending and business investment remained positive in the final quarter last year though they slowed, while inventories and net exports helped growth, said Rubeela Farooqi of High Frequency Economics.
  • ASML posts yearly profit of $6.1bn

    The profit in year 2022 is 4.4 percent lower than in 2021.
  • Rights group warns West Bank could be new Gaza with Israeli restrictions

    "By making it harder for people to spend time in the West Bank, Israel is taking yet another step toward turning the West Bank into another Gaza, where two million Palestinians have lived virtually sealed off from the outside world for over 15 years," HRW's Eric Goldstein said.
  • A fifth of new cars in California zero-emission in 2022: data

    On Friday the California Energy Commission said 18.8 percent of new cars sold in the state in 2022 were EVs, PHEVs or fuel cell electric vehicles, all of which California includes in its zero-emission category. Ten years ago, that figure was two percent. "California continues to lead the zero-emission vehicle...
  • Oil slips after unexpected build in US crude and fuel inventories

    US West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8 percent, to $74.53 a barrel, while Brent crude futures were down 62 cents, or 0.8 percent, at $79.48 a barrel.
  • EU warns TikTok chief to respect data privacy laws

    TiKTok chief executive Shou Zi Chew held official talks for the first time with EU vice presidents Margrethe Vestager and Vera Jourova, the bloc's home affairs commissioner Ylva Johansson and justice commissioner Didier Reynders.
  • Inflation, uncertainty rule as 2022 comes to an end

    The country profiles -- arranged in alphabetical order -- summarize recent data, presenting statistical narratives of a country that include economic, political, sociological, environmental, and cultural factors. The profiles also include their performance in 2022 and estimations for 2023.
  • Ukraine flags vie with Christmas decor as Zelensky visits Washington

    Americans called him heroic and compared the visit to that of Britain's premier Winston Churchill, who came to Washington in 1941 and addressed the Congress on wartime cooperation between the two allies -- as Zelensky did later Wednesday evening. Before he addressed the special joint session of Congress, Zelensky was...
  • US lawmakers release $1.7 trillion spending bill to avert shutdown

    WASHINGTON, UNITED STATES - US lawmakers early Tuesday released the text of a US$1.7 trillion funding bill which Congress hopes to pass within days to avert a government shutdown. The bill includes $858 billion in defense funding and will also provide $44.9 billion in emergency assistance for Ukraine. It also includes...
  • Lebanese bank faces depositor lawsuit following US court decision

    In the midst of Lebanon's three-year financial collapse, banks have tightened controls on withdrawals in both US dollars and the local currency.
  • Europe united in dispute with US over green subsidies: Chancellor Scholz

    Several EU leaders including Macron have said the US subsidies are enticing European companies to relocate to the United States.
  • Libyan accused of Lockerbie bombing charged in US court

    The judge presiding over the hearing in a US District Court in Washington read the 71-year-old Masud the charges and his rights before ordering him held without bond until a detention hearing on December 27. The balding and white-bearded Masud was provided with an Arabic interpreter for the hearing, his...
  • Pipeline leak in US results in 588,000 gallons crude spill

    Canadian-based TC Energy, which operates the pipeline, detected the leak Wednesday night in Kansas and immediately halted the flow of oil through the pipeline.
  • John Kerry

    US could change green subsidies rules as EU fears unemployment

    The United States is open to amending lucrative green subsidies that have drawn transatlantic anger for allegedly encouraging job losses in Europe, US climate envoy John Kerry said. In a BBC interview, Kerry signaled unease over the UK government's decision to permit the opening of a coal mine despite ambitions...
  • Xi Jinping reaches Saudi as China seeks energy cooperation

    The trip -- only Xi's third overseas journey since the coronavirus pandemic began, and his first to Saudi Arabia since 2016 -- comes after US President Joe Biden's visit in July, when he pleaded in vain for higher oil production.
  • Is Biden running again? He’s acting like it

    The November midterm elections, in which Republicans failed to score their expected big win in the House while actually losing in the Senate, is being interpreted by Biden as a full-blown validation. And right as his foe Donald Trump gets his own 2024 election campaign off to a typically scandal-burdened...
  • Glencore to pay US$180m

    Payment for settling graft claims against firm in DR Congo.
  • US company turns air pollution into fuel, bottles and dresses

    The concoction includes billions of hungry bacteria, specialized to feed on polluted air -- the first step in a recycling system that converts greenhouse gases into usable products. Thanks to licensing agreements, LanzaTech's novel microorganisms are already being put to commercial use by three Chinese factories, converting waste emissions into...
  • Financing for nature must more than double by 2025, says UN report

    The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations report said. The "State of Finance for Nature" report published by the UN Environment Program comes as delegates from nearly 200 countries prepare to meet in Montreal to hammer out...
  • EU uncovers US$2.3-billion cross-border tax fraud

    The EU announced the discovery of a sophisticated US$2.3-billion VAT tax fraud that triggered raids in 14 countries, including France, Germany, Greece and Spain. Over 600 people participated in the scheme, "believed to be the biggest VAT carousel fraud ever investigated in the EU," according to the European Public Prosecutor's...
  • Rate cuts may help in avoiding chronic recession

    It is logical for the FRB to halt the wave of escalation of interest rates on the dollar, which was projected to witness a final round next December at a rate of 0.25 percent, due to the approaching winter season and the intensification of the cold wave in western Europea,...
  • Lebanon parliamentarians fail to pick President for seventh time

    Lawmaker Michel Moawad, who is seen as close to the United States, won the support of 42 of parliament's 128 MPs, but his tally fell well short of the required majority and was exceeded by the number of spoilt ballots cast by pro-Hezbollah lawmakers.
  • Saudi firm partners with Trump Organization in $4 bn Oman project

    Riyadh, Saudi Arabia - A Saudi real estate firm has partnered with the Trump Organization on a $4 billion golf and real estate development project in neighboring Oman, according to a stock market filing published Sunday. The deal involving the Dar Al Arkan Global Company, a subsidiary of Dar Al...
  • Xi, Harris meet briefly, call for US-China communication

    The meeting came after the United States said it was looking for China to do more to rein in its ally North Korea, which on Friday test-fired a ballistic missile that US and Japanese officials said was capable of hitting the US mainland. Xi, who is on only his second...
  • Iran’s players free to express themselves at World Cup: Queiroz

    "You guys are used to bending your knees in the games. Some people agree, some people don’t agree with that. And Iran is exactly the same," coach Coach Carlos Queiroz said, according to a video of the press conference. "It is out of question to think that the Iran national...
  • UAE won’t choose sides between global powers, says Anwar Gargash

    The UAE is a key player in the 13-nation OPEC oil cartel which, with its 10 allies headed by Russia, angered Washington by cutting production by two million barrels a day from November, adding renewed upward pressure on crude prices.
  • Biden urges world to ‘step up’ climate fight at COP27

    His speech came at the halfway point of a two-week COP27 conference in Egypt where rich polluters like the US are under pressure to finally provide the funding developing countries have been promised in the battle against climate change. "The climate crisis is about human security, economic security, environmental security,...
  • Biden’s upcoming foreign trip to focus on Climate, Ukraine, China

    Biden's tour would include meetings of ASEAN and the Group of 20 industrialised nations in Cambodia and Indonesia.
  • EU warns of retaliation against US electric car subsidies

    Paris, France - The European Union threatened Monday to take retaliatory measures against the United States for electric car subsidies that favor domestic manufacturers. The 27-nation bloc is upset about Washington's "Inflation Reduction Act", which will see vast spending on green energy initiatives and includes tax breaks for US-made electric...
  • Saudi Arabia’s embassy in United States participates in ‘Cat Walk’

    The Saudi ambassador to the United States, and a number of embassy staff were present on the occasion.
  • CIA among targets of new Iran sanctions on US

    The Islamic republic has been rocked by protests since the death in custody of Mahsa Amini on September 16, following her arrest in Tehran for allegedly breaching the country's dress rules for women. Dozens of people, mainly demonstrators but also members of the security forces, have been killed during the...
  • Saudi energy minister blasts release of oil reserves ‘to manipulate markets’, warns of ‘painful’ times

    "People are depleting their emergency stocks ... its profound purpose was to mitigate the shortage of supply," says Prince Abdulaziz at an FII event in Riyadh.
  • Iran says US wants nuclear concessions by backing protests

    TEHRAN, IRAN - Iran on Saturday accused the United States of seeking to gain concessions in nuclear talks aimed at restoring the 2015 agreement, by supporting protests over Mahsa Amini's death. The Islamic republic has been rocked by demonstrations that flared over the death of the 22-year-old Amini on September...
  • Will immediately respond to new EU sanctions, says Iran

    Iran vowed an "immediate" response to the European Union as it prepares new sanctions on the Islamic republic after over a month of protests sparked by Mahsa Amini's death. EU foreign ministers met to adopt sanctions on Iran after Amini was detained for allegedly breaching Iran's strict dress code for...
  • US ‘deeply concerned’ about clashes in West Bank

    Hady Amr also reiterated the Biden administration’s commitment to rebuilding bilateral relationship with the Palestinian people and to a two-state solution.
  • Saudi Arabia's Minister of Energy Abdulaziz bin Salman at a press conference after a recent OPEC+ meeting in Vienna, Austria on October 5, 2022. (AFP)

    OPEC+ output cut ‘a snub’ to Biden and United States

    While Saudi Arabia has said it does not use oil as a political tool, US experts see this as a direct rebuff to the Biden administration.
  • Bringing down inflation will take time, more rate hikes: Fed officials

    As US annual inflation has soared to the fastest in 40 years, the Fed has moved aggressively this year to tamp down demand, raising the interest rates five times, for a total of three percentage points. "Inflation remains stubbornly and unacceptably high, and data over the past few months show...