INSEAD Day 4 - 728x90

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.

US president confirms ‘possibility’ of Saudi Arabia trip

US President speaks from the Rehoboth Beach Convention Center on June 3, 2022. (AFP)
  • The reported decision came shortly after Saudi Arabia addressed two of Biden's priorities by agreeing to a production hike in oil
  • The trip would reportedly happen around the time Biden travels to a NATO summit in Spain and Group of Seven summit in Germany later this month

US President Joe Biden confirmed Friday he was considering a trip to Saudi Arabia. The New York Times and other US media, quoting anonymous sources, have reported that Biden would go ahead with the long-rumored Saudi stop during an upcoming overseas tour.

The reported decision came shortly after Saudi Arabia addressed two of Biden’s priorities by agreeing to a production hike in oil — which could help tame rocketing US inflation — and helping extend a truce in war-battered Yemen.

“I’m not sure whether I’m going,” Biden said when asked about reports of an imminent visit.

“There is a possibility that I would be going to meet with both the Israelis and some Arab countries at the time.”

“Saudi Arabia would be included in that if I did go, but I have no direct plans at the moment,” Biden told reporters.

CNN said that Biden would meet Saudi Arabia’s de facto ruler, 36-year-old Crown Prince Mohammed bin Salman.

The trip would reportedly happen around the time Biden travels to a NATO summit in Spain and Group of Seven summit in Germany later this month.

He is also widely expected to travel to Israel where, as in Saudi Arabia, he is sure to face pointed questions about slow-moving US diplomacy with the two countries’ rival, Iran.