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.
  • OPEC meeting expected to stick to oil output boost

    Major oil producers led by Saudi Arabia and Russia are expected to stick to a previously decided output boost at their meeting on Thursday, despite pressure to further increase production. Russia's invasion of Ukraine has exacerbated concerns about oil supplies, sending prices to record highs this year.
  • Turkey supplies combat drones to Ukrainian army

    Turkish drone-manufacturer Baykar, which has President Recep Tayyip Erdogan's son-in-law as one of its directors, offered three of its drones to the Ukrainian army on Monday.
  • Israel to pay housing allowance to South Lebanon Army veterans

    Israel on Sunday approved housing allowances for South Lebanon Army (SLA) veterans residing in the Jewish state, providing "historic justice" to former members of the Christian-led militia, officials said.
  • Energy shock tests G7 leaders’ climate resolve

    Leaders of the Group of Seven rich nations will be under pressure to stick to climate pledges in Bavaria from Sunday, as Russia's energy cuts trigger a dash back to planet-heating fossil fuels. Germany finds itself in an awkward position as G7 summit host, having recently announced that Europe's biggest...
  • US President seeks support for Ukraine from G7 leaders

    G7 leaders including US President Joe Biden gather on Sunday in southern Germany, seeking emphatic backing for Ukraine against Russia's invasion while grappling with the intensifying global fallout of the war. Ahead of the talks, British Prime Minister Boris Johnson urged allies not to waver in their support.
  • Ukraine may take 10 years to build infrastructure to skirt blockade

    It would take Ukraine a decade to build infrastructure to replace its Black Sea ports, whose blockade by Russia is preventing grain exports around the world, Ukraine's deputy agriculture minister said Friday.
  • New rocket attack targets northern Iraq gas complex

    A Katyusha rocket struck near an Emirati-owned gas complex in northern Iraq on Friday, a local official said, the second such unclaimed attack in as many days. UAE energy company Dana Gas owns the complex, and the gas field lies between the cities of Kirkuk and Sulaimaniyah.
  • UN to hold Libya talks over parliamentary elections

    The world body said it will broker new talks between rival institutions from war-torn Libya next week to try to break a deadlock on the rules for long-awaited elections.
  • Israel to reinstate increase in entry permits for Gaza workers

    Israel on Wednesday said it was reinstating an increase in entry permits for Palestinian workers from the blockaded Gaza Strip, cancelling a suspension announced days earlier.
  • Tunisia appeals to IMF to be aware of social impact of reforms

    Tunisian President Kais Saied on Tuesday urged the International Monetary Fund to take into account the social impact of any economic reforms it may demand as part of a bailout package.
  • UN chief calls on Security Council to extend Syria cross-border aid

    UN Secretary-General Antonio Guterres on Monday called for the Security Council to extend its authorization of cross-border aid into northwest Syria by a year a policy that veto-holding Russia has criticized.
  • Israel pounds Gaza with airstrikes after Hamas rocket fire

    Israeli warplanes hit Hamas military sites in the Gaza Strip on Saturday in retaliation for rocket fire from the Palestinian enclave run by the Islamist movement, the Israeli army said.
  • Syria takes first steps to rebuild its past

    A Syrian desert monastery that was once a hub for interfaith dialogue, attracting tens of thousands, has reopened to visitors after more than a decade of war and isolation.
  • 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.
  • Hunger crisis could swell already record global displacement: UN

    Russia's war in Ukraine has pushed global displacement numbers above 100 million for the first time, and the UN warns the resulting hunger crisis could force many more to flee their homes.
  • UN chief says women ‘essential’ to peace talks in global conflicts

    In many areas, men in power have actively worked to exclude women, said Guterres, citing Afghanistan, where "nearly 20 million Afghan women and girls are being silenced and erased from sight."
  • Biden gambles there’s more to gain by courting Saudis

    Making an about-face by deciding to visit Saudi Arabia, US president Joe Biden is betting there is more to gain than lose by meeting Crown Prince Mohammed bin Salman. Biden joins eight decades of US presidents who have all in due time courted the oil-rich kingdom, which has assiduously cultivated...
  • Two Iran aerospace officials ‘martyred while on mission’

    Ali Kamani, a member of the Guards aerospace division was "martyred" in the city of Khomein in Iran's central Markazi province, Fars said, quoting a Guards statement.
  • End of an era as Russia’s McDonald opens in new avatar

    The US fast-food giant announced on May 16 that it would exit Russia in the wake of its Ukraine offensive.
  • Algeria breaks off treaty with Spain over W.Sahara dispute

    Algeria said Wednesday it was suspending a decades-old co-operation treaty with Spain, after Madrid backed the position of the North African country's arch-rival Morocco on the disputed Western Sahara.
  • World economy will pay a ‘hefty price’ for Ukraine crisis: OECD

    The OECD warned Wednesday that the world economy will pay a "hefty price" for Russia's invasion of Ukraine as it slashed its 2022 growth forecast and projected higher inflation. The Paris-based organization, which represents 38 mostly developed countries, is the latest institution to predict lower GDP growth due to the...
  • Indian central bank raises interest rates to tame inflation

    India's central bank on Wednesday hiked rates for a second time in as many months, as Asia's third-largest economy reels from galloping inflation in the wake of the Ukraine war.
  • Ending Israel’s occupation key to halting cycles of violence: UN report

    While the UN Human Rights Council had previously ordered eight investigations into rights violations in the Palestinian territories, this was the first open-ended probe, and the first to examine "root causes" in the drawn-out conflict. It was also the first tasked with looking at systematic abuses committed within Israel.
  • Syria intercept Israeli missiles, no casualties: state media

    Syrian air defense intercepted Israeli missiles south of Damascus on Monday, with no casualties reported, a military source told Syria's official news agency SANA. "The Israeli enemy carried out an airstrike from the occupied Syrian Golan, targeting points south of Damascus," with Syria's air defense intercepting most of the missiles,...
  • Ukrainian envoy to Turkey accuses Russia of stealing grain

    Ankara has also offered to help secure maritime corridors for the export of Ukrainian grain therefore Russian Foreign Minister Sergei Lavrov is coming to Turkey on Wednesday to discuss the issue.
  • Morocco battles effects of climate change

    A withering drought and poor harvests plus price hikes fueled by the war in Ukraine are threatening Morocco's fragile economic recovery.
  • After Russian invasion, NATO has right to deploy in eastern Europe: deputy chief

    NATO is no longer bound by past commitments to hold back from deploying its forces in eastern Europe, the US-led alliance's deputy secretary-general said Sunday. Moscow itself has "voided of any content" of the NATO-Russia Founding Act, by attacking Ukraine and halting dialogue with the alliance, Mircea Geoana told AFP....
  • Tokyo shares climb up after Wall Street gains

    Tokyo stocks opened higher on Thursday following gains on Wall Street, despite ongoing worries over inflationary pressure due to the war in Ukraine. Global markets perked up after the US Federal Reserve released its minutes in which policymakers, as investors expected, agreed that they need to raise rates by 50...
  • After banning wheat shipments, India caps sugar exports

    India said it has capped sugar exports to safeguard its own supplies and ease inflation, days after a ban on wheat shipments sent global prices soaring in the wake of the Ukraine war.
  • ECB warns of risks to financial markets from Ukraine war

    Russia's invasion of Ukraine has put financial markets under renewed stress by driving up prices and impeding growth, the European Central Bank said in a report. The war has "increased financial stability risks through its impact on virtually all aspects of economic activity", ECB vice-president Luis de Guindos said in...
  • From ‘child of war’ to two-term WHO chief

    Tedros Adhanom Ghebreyesus, the first African to head the WHO, was re-elected on Tuesday, tearfully accepting a second term as he recalled his humble upbringing as "a child of war" and pleading for peace.
  • More than 100 million people forcibly displaced: UN

    Russia's war in Ukraine has pushed the number of forcibly displaced people around the world above 100 million for the first time ever, the United Nations said Monday. The "alarming" figure must shake the world into ending the conflicts forcing record numbers to flee their own homes, the UNHCR said...
  • UAE renews pledge to Palestinian cause for independent state

    UAE stressed the need to respect Jordan’s role in caring for the holy sites and endowments in the Holy City of Al-Quds, without prejudice to the powers of Aqsa Mosque Endowment Administration.
  • Trawling Iraq’s threatened marshes to collect waste

    The swamps, nestled between the Tigris and Euphrates rivers, are one of the world's largest inland deltas and were declared in 2016 a UNESCO World Heritage site.
  • Nearly 60 mn people internally displaced worldwide in 2021

    Last year, new internal displacements from conflict surged to 14.4 million marking a 50-percent jump from 2020 and more than doubling since 2012, the report showed.
  • Tech titans curb hiring in a ‘challenging macro environment’

    From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in hiring to endure tumultuous times. Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble and people returning to pre-Covid lifestyles. Corporate...
  • G7 criticizes India for its decision to ban wheat export

    India, the world's second-largest wheat producer, said that factors including lower wheat production and sharply higher global prices because of the war meant that it was now worried about its own "food security"
  • G7 ‘will never recognize’ borders changed by force

    The Group of Seven industrialized nations said Saturday they would never recognize the borders Russia is trying to shift by force in its war against Ukraine and pledged enduring support for Kyiv. The ministers were joined in the resort of Wangels by their counterparts from Ukraine and Moldova.
  • Asian equities gain after turbulent week of trading

    Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine war and Chinese lockdowns weigh on sentiment. World markets have been volatile for much of 2022, with investors fretting about supply chain snarls due to...
  • Toyota posts record net profit

    The growth was helped by strong sales and a cheaper yen.
  • France says EU deal on Russia oil embargo possible this week

    The embargo on Russian oil, which is part of a sixth package of EU sanctions under discussion, is being resisted by some member states that rely on Russian oil to keep their economies running and are seeking guarantees of alternative sources.
  • Erdogan vows Turkey will not expel Syrian refugees

    President Recep Tayyip Erdogan on Monday pledged that Turkey would not drive Syrian refugees back to their home country despite pressure from opposition parties. Turkey is today home to more than 3.6 million Syrian refugees who fled after civil war broke out in 2011.
  • More than 40 migrants drown off Western Sahara: charity

    At least 44 migrants drowned on Sunday when their boat capsized off the coast of the Western Sahara, migrant aid agency Caminando Fronteras said. Twelve others survived the tragedy, which happened when the boat sunk off the coast of Cap Boujdour, the agency's Helena Maleno tweeted. The bodies of seven...
  • Civilians leave Azovstal as Ukraine fears fresh Russia offensive

    Ukrainian President Volodymyr Zelensky said that hundreds of people had been removed from the Azovstal steel plant in Azov, and that preparations for a second stage of evacuation comprising the wounded and medics were under way.
  • EU eyes Russian oil import ban amid new bid to evacuate Mariupol

    State Department spokesman voiced skepticism about the ceasefire, saying that Moscow has repeatedly resumed shelling after announcing pauses.
  • Eurozone, ECB, federal reserve,intereset rate

    Eurozone unemployment hits new historic low in March

    The unemployment rate in the eurozone reached its lowest level ever recorded in March, the EU's official statistics agency said on Tuesday. Eurostat said 6.8 percent of the workforce were without a job, down 0.1 percentage point from February. The February figure was revised upwards fractionally from the 6.8 percent...
  • Finland firm scraps nuclear plant deal with Russia

    Finnish-led consortium Fennovoima said on Monday it has terminated a contract with Russian group Rosatom to build Finland's third nuclear power plant, citing risks linked to the Ukraine war.
  • Turkey envoy meets Zelensky in Ukraine amid mediation

    Turkey hosted a meeting between Moscow and Kyiv negotiators in Istanbul and another between Russian Foreign Minister Sergei Lavrov and Ukrainian counterpart Dmytro Kuleba in Antalya in March. Turkish President Recep Tayyip Erdogan is now trying to pave the way for an Istanbul summit between Russian President Vladimir Putin and...
  • Erdogan tells Putin ‘ready to do more’ to end Ukraine war

    Turkish President Recep Tayyip Erdogan told Russia's Vladimir Putin on Thursday that Ankara was ready to do more to end the war in Ukraine after helping arrange a Russian-US prisoner swap. The swap took place in Turkey "under the coordination and supervision of the National Intelligence Organization."
  • Ukraine war to hit MENA’s poor nations, boost oil-producers: IMF

    The International Monetary Fund's 2022 growth forecast for the region, which includes Arab countries and Iran, was forecast at 5.0 percent, up from the 4.1 percent prediction for this year made in October.