Business | Kuwait Times Newspaper

SEOUL: A man walks past an advertisement for the Samsung Galaxy S25 series smartphones at a Samsung store in Seoul on July 8, 2025. -- AFP

Samsung expects steep drop in profits on US chip woes

SEOUL: Samsung Electronics said Tuesday it expected its second quarter operating profits to fall by more than half, blaming US export controls on advanced AI chips to China. The firm is the flagship subsidiary of South Korean giant Samsung Group, by...

SOFIA: Protestors shout nationalist slogans as they demonstration against Bulgaria entering the Eurozone, in Sofia.-- AFP

EU sets conversion rate for Bulgaria’s eurozone entry in 2026

BRUSSELS: European Union finance ministers completed the final steps on Tuesday for Bulgaria to become the 21st member of the eurozone from January 2026, including setting the conversation rate of the Bulgarian lev to the euro. Bulgaria will join th...

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Surveys and tariffs deepen dilemma over Fed rate cuts

WASHINGTON: Recent national and global surveys of business executives have highlighted the US Federal Reserve’s dilemma in determining if slowing growth or inflation is the greater risk to the US economy, with interest rate decisions hinging on ho...

WASHINGTON: US Secretary of Treasury Scott Bessent speaks to members of the press in Washington, DC.-- AFP

Musk should worry about his companies, not politics: Bessent

NEW YORK: US Treasury Secretary Scott Bessent on Sunday threw some shade at Elon Musk after the tech billionaire announced he had created a political party, suggesting the Tesla and SpaceX boss focus on business and not politics. On Saturday, the So...

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Gulf Bank wins ‘Best Sustainability Initiative of 2025’ award from Asian Banking & Finance

KUWAIT: In a significant recognition of its longstanding dedication to environmental stewardship and responsible business practices, Gulf Bank has been awarded the prestigious title of “Best Sustainability Initiative of 2025” by Asian Banking & ...

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Noura Almutairi

EU GDPR should merely be a guiding framework for Kuwaiti legal system

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This undated handout photo released on July 7, 2025 shows an annotated photo of plates containing samples of a beef Wellington meal laced with toxic mushrooms that was prepared by Australian home cook Erin Patterson. - AFP photos

Australian woman found guilty of triple ‘mushroom murders’

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KUWAIT: Defense Minister Sheikh Abdullah Ali Al-Sabah, Undersecretary Sheikh Dr Abdullah Meshal Al-Sabah and Deputy Chief of the General Staff of the Army Maj Gen Sabah Jaber Al-Ahmad Al-Sabah attend a graduation ceremony at Mubarak Al-Abdullah Joint Command and Staff College on July 7, 2025. - KUNA

Defense minister hails new grads

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Kuwaiti tanker rescues 45 refugees

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Kuwait MoI, Customs seize 47 kg of marijuana, arrest culprits