INSEAD Day 4 - 728x90

war

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.
  • Israeli court clears way for Lebanon maritime border deal

    Jerusalem, Undefined—Israel's Supreme Court on Sunday paved the way for the signing of a maritime border deal with Lebanon, after it rejected appeals that the pact requires parliamentary approval. The signing is expected later this week. Israel and Lebanon, who are technically at war, agreed to terms earlier this month on...
  • Western powers call for UN probe of Iran drones in Ukraine

    Several Western countries are calling for an "impartial" investigation into Iranian drones they say Russia is using in the war in Ukraine. In their letter, France, Britain and Germany said they would "stand ready to support the work of the Secretariat in conducting its technical and impartial investigation."
  • Iran says ready for talks with Ukraine over drone claims

    Terming the Ukrainian and Western claims that its military drone are being used by Russia in attacks on Ukraine as baseless, Iran has said it was ready for talks with Kyiv to clarify claims that Islamic republic was supplying weapons to Russia. Iranian foreign ministry said that such claims were...
  • Morocco and EU sign ‘green partnership’ deal

    Aiming to bolster cooperation on renewable energy, Morocco and the European Union have signed a "green partnership" deal in order to offer alternatives for European nations that are trying to wean themselves off fossil fuels, whose prices have soared in the wake of Russia's invasion of Ukraine.
  • UN says Ukraine war pushes 4m children into poverty

    Paris, France— Russia's invasion of Ukraine and the resulting economic fallout have thrown four million children into poverty across eastern Europe and Central Asia, the UN children's agency said Monday. "Children are bearing the heaviest burden of the economic crisis caused by the war in Ukraine," UNICEF said. The conflict "and...
  • 13 die in clashes between rival factions in northwest Syria

    Beirut, Lebanon— Thirteen people, mostly fighters, have been killed in two days of ongoing clashes between rival factions competing for power in northwest Syria, a war monitor said Wednesday. Fighting between two pro-Turkish Syrian rebel groups began in the town of Al-Bab in northern Aleppo province before spreading to other areas...
  • EU energy head hails “partnership” with Algeria

    Seeking new exporters of gas to the continent, European Union's energy commissioner has hailed a "long-term strategic partnership" with Algeria as it turns to Africa's biggest gas supplier to fill a gap left by Russian supplies. Europe's search for gas has become ever more urgent as winter approaches.
  • Israel launches manhunt for east Jerusalem checkpoint attacker

    Hours after two Palestinian teenagers were shot dead in an Israeli raid in the occupied West Bank, Israeli troops were looking for an assailant who killed a soldier at an east Jerusalem checkpoint. The soldier had been "killed as a result of being critically injured by a shooting attack" in...
  • German coastal state goes to polls amid acute energy crisis

    Frankfurt, Germany— Germans in the coastal state of Lower Saxony vote in a closely-watched regional election Sunday, seen as a key test for Chancellor Olaf Scholz's Social Democrats amid an acute energy crisis. Polls open at 8:00 am (0600 GMT) and close at 18:00, with latest surveys putting Scholz's centre-left SPD...
  • Fed official says US to see more interest rate hikes

    With US inflation soaring new heights, the country's central bank has said more increases are likely to come this year in order to cool the world's largest economy and rein in high prices. Federal Reserve Governor Lisa Cook said 'inflation remains stubbornly and unacceptably high.'
  • UK in talks with Qatar and Norway to import energy

    Amid crippling energy shortages, the British government is negotiating with Qatar and Norway to secure new long-term gas contract, according to media reports. The reports said that Prime Minister Liz Truss is in favor of the deal, which would secure long-term energy sources and cut down the cost of the...
  • Energy crisis feared by Europe long a reality in Iraq

    Soaring energy prices fuelled by Russia's war in Ukraine have forced a new reality upon European nations, where people are asked to limit the electricity they use for heating, lighting, and cooking. Some cities keep street lights on for shorter lengths of time, and in Paris, the lights illuminating the...
  • Russia wants US to say if it is behind Nord Stream gas leaks

    Russia has sought an explanation from US President Joe Biden on three reported gas leaks on the Nord Stream pipelines, carrying gas to Europe from Russia. Foreign ministry spokeswoman said on social media that on February 7, 2022 Joe Biden said that Nord Stream would be finished if Russia invaded...
  • ‘Global economy will suffer due to Ukraine war’

    The world economy will take a bigger hit than previously forecast next year due to the effects of Russia's war in Ukraine, the OECD said. In a bleak report titled "paying the price of war", the Paris-based organization noted that the conflict aggravated inflationary pressure when the cost of living...
  • Algeria’s export of natural gas to Italy to soar 20% in 2022

    Last April, Italy entered into an agreement with Algeria to increase imports through the Trans-Med pipeline.
  • ‘One man chose this war.  One man can end it’

    "Defending Ukraine’s sovereignty and territorial integrity is about much more than standing up for one nation’s right to choose its own path, fundamental as that right is.  It’s also about protecting an international order where no nation can redraw the borders of another by force," he adds.
  • Tigris: Iraq’s mighty river drying up

    Water scarcity hitting farming and food security are already among the "main drivers of rural-to-urban migration" in Iraq, the UN and several non-government groups said in June.
  • Israel attacks Damascus, kills five Syrian soldiers

    Five Syrian soldiers were killed in an Israeli airstrike near Damascus airport, according to Syrian state media. The Syrian Observatory for Human Rights war monitor said that the strikes also killed two Iran-backed fighters. Israeli airstrikes in June put Damascus airport out of service for nearly two weeks.
  • US to dispatch US$756m humanitarian aid to Syria

    Continuing with what it called "unwavering support for the Syrian people, US State Department said that will send $756 million in new humanitarian aid to Syria, where need remains "dire" after more than a decade of war. The funds were in addition to a trance of $808 million announced earlier...
  • Despite sanctions, Russia energy exports vault to US$158bn

    In spite of the Western sanctions, Russia has raked in some $158 billion in energy exports in the six months since the war, with the EU accounting for more than half. Natural gas prices have jumped to record levels in Europe as Russia cut off supplies.
  • Euro hits 20-year low against dollar amidst economic uncertainties

    The euro fell 0.70 percent to 0.9884 dollars Monday at 0535 GMT, its lowest since December 2002. The European currency has continued to weaken against the dollar since the start of the year, hammered by economic turbulence and uncertainties sparked by Russia's invasion of Ukraine.
  • US raids properties of sanctioned Russian billionaire: media

    Federal agents and local police officers were spotted carrying boxes after they left an apartment in Manhattan's lavish Park Avenue and a house in the Hamptons, an upscale vacation destination near New York City, according to the report. Both properties are linked to Vekselberg, NBC said, citing US Treasury documents.
  • IAEA chief leading team to Ukraine’s Zaporizhzhia nuclear plant

    "The day has come, IAEA's Support and Assistance Mission to Zaporizhzhya is now on its way," Grossi tweeted, saying the team from the UN atomic watchdog would arrive at Europe's largest nuclear power plant "later this week". In a photograph accompanying his tweet, the IAEA chief posed with a team...
  • In risky recyling venture, Gazans burn plastic for fuel

    It's an economic and practical solution in a territory blockaded by Israel for 15 years, but one which poses serious environmental and health risks, experts say. Standing before rusty metal machinery and fuel containers, Mahmoud al-Kafarneh described how he and his brothers came up with their plastic recycling project.
  • US President orders air strikes against ‘Iran-backed militias’ in Syria

    The air strikes ordered by US President Joe Biden hit nine bunkers in a complex, in eastern Syria, used for ammunition storage and logistics by Iranian-backed militias. A US military spokesman said air strikes “targeted infrastructure facilities used by groups affiliated with Iran’s Islamic Revolutionary Guard Corps.”
  • US expresses concern about violence on Syria-Turkey border

    The recent bloodshed came against a backdrop of increased tensions pitting the Kurdish-led Syrian Democratic Forces (SDF) against Turkish troops and their Syrian proxies.
  • Libya digs up ‘mass grave’ with seven bodies

    Mass graves were initially discovered in Tarhuna in June 2020 following the withdrawal of forces of Khalifa Haftar, an eastern Libya-based military chief who had spent a year trying to seize the capital Tripoli, 80 kilometers (50 miles) northwest of Tarhuna.
  • Israel warns Hezbollah attack on gas field may spark war

    Israeli Defense Minister Benny Gantz has warned Hezbollah that any attack on its gas assets could set off war, after Hassan Nasrallah threatened to “sever” Israel’s hands if it taps a disputed offshore field. Last month, Israel said that it had downed three drones launched by Hezbollah towards Karish.
  • 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.
  • UN ship with grain for Africa sails from Ukraine: ministry

    The UN brokered agreement lifted a Russian blockade of Ukraine's ports and established safe corridors through the naval mines laid by Kyiv.
  • Russian President pitches ‘combat-tested’ weapons to allies

    While the Ukraine war rages on, Russian President Vladimir Putin has pitched weapons to allies around the world, lauding them for ‘reliability, efficiency’ and having been tested on the field of battle in ‘real combat operations more than once.’
  • OPEC sees demand for oil tanking this year

    OPEC warns that the demand growth for 2023 will slow further to 2.7 million bpd, leaving its forecast unchanged from last month.
  • Syria says Israeli shelling wounds two near Golan Heights

    The Britain-based Syrian Observatory for Human Rights confirmed the attack, adding that the two people, whom it did not identify, were in an area bordering the Israeli-occupied Golan.
  • US envoy to travel to Gulf to strengthen Yemen truce

    Tim Lenderking will travel to the United Arab Emirates, Oman and Saudi Arabia starting August 11, while members of his team travel to Jordan, hoping to secure an expansion of the UN-mediated truce between Yemen's warring parties. The efforts aim to "pave the way for a permanent ceasefire and an inclusive,...
  • Turkish drone strike kills 4 in northeast Syria

    Ankara has launched successive military offensives in Syria. Most have targeted Kurdish militants that Ankara links to a group waging a decades-long insurgency against it.
  • 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.
  • China drills reveal plans for Taiwan blockade: experts

    The visit to Taiwan by US House Speaker Nancy Pelosi -- second in line to the presidency -- sparked outrage from Beijing, which launched vast military manoeuvres around the island, even at the risk of partially exposing its plans to the United States and its Asian allies. Mobilising fighter planes,...
  • First wheat shipment leaves Ukraine as war heats up

    The first shipment of Ukrainian grain left the port of Odessa on Monday morning, Turkey announced, as Kyiv said the "brutal" shelling by Moscow of the southern city Mykolaiv had killed an agriculture tycoon.
  • Blinken and Lavrov hold ‘frank’ first talks since start of war

    The top diplomats of the United States and Russia spoke Friday for the first time since the Ukraine war, with Secretary of State Antony Blinken describing a "frank" exchange as he pushed to free two Americans. Blinken initiated the call with Foreign Minister Sergei Lavrov, whom he had shunned a...
  • Yemen’s ancient honey production a victim of war, climate change

    Experts consider Yemeni honey some of the best in the world, including the prized Royal Sidr known for its therapeutic properties.
  • Jordan tourism sector rides high on back of 1.9m visitors to kingdom

    The tourism sector of the Jordanian economy has seen a huge growth, with more than 1.9 million visitors arriving in the kingdom during the first six months of the current year Tourism Minister Nayef Al-Fayez described the situation as reassuring. He said the return of expatriates was an important component...
  • Iran, Russia, Turkey presidents to talk Syria war in Tehran

    With the war in Ukraine still raging, Russian President Vladimir Putin travels Tuesday to Tehran for talks with his Iranian and Turkish counterparts on the Syria conflict. Russia, Turkey and Iran have in recent years met to discuss Syria as part of the so-called "Astana peace process" to end more...
  • Biden announces $1 bn in food aid for Middle East: US official

    The president will announce today that the United States has committed $1 billion in new near to long-term food security assistance for the Middle East.
  • European Union cuts growth forecasts as war-stoked inflation surges

    The EU executive, which tracks the economy of the 27 countries in the European Union, said GDP growth in the eurozone would reach 2.6 percent in 2022 and a sharply lowered 1.4 percent in 2023. Inflation would end the year at 7.6 percent, much higher than previously forecast, and 4.0...
  • Equities fall, euro slides below $1 on US inflation data

    Global stocks fell Wednesday and the euro dipped below $1.00 for the first time in nearly 20 years after data showed a surge in US inflation last month, convincing investors that further increases in borrowing costs are on their way.
  • 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...
  • UN extends cross-border Syria aid program by six months

    The UN Security Council has agreed to extend a vital system for cross-border aid to war-ravaged Syria by six months, the length of time wanted by Russia, diplomats told AFP Monday. 
  • Bashar al-Assad arrives in Aleppo, first visit in 11 years

    Syria's President Bashar al-Assad on Friday visited the former rebel bastion of Aleppo, including its historic Old City, for the first time since war broke out 11 years ago.
  • Oil prices may hit $380 a barrel if Russia lowers crude output

    Global oil prices may hit $380 a barrel if Russia were to announce crude oil cuts in response to the US and European curbs.
  • Iran says Turkish offensive in Syria can destabilize region

    Iran's foreign minister warned Saturday on a visit to Damascus that Turkish military action in Syria would destabilize the region, after Ankara threatened to launch a new offensive on Kurds in the country's north.