Business
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UK’s Truss says should have ‘laid the ground better’ for tax cuts
LONDON: UK Prime Minister Liz Truss on Sunday conceded she should have better prepared Britain for her recent debt-fuelled mini-budget…
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Ninth eGovernment Forum to be held from Oct 23-25 in Kuwait
KUWAIT: Under the patronage of Dr Rana Abdullah Al-Fares, Minister of State for Municipal Affairs, Minister of State for Communications…
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Exhibition of Chinese cars ‘Dragon Gear 2022’ opens at 360 Kuwait
By Majd Othman KUWAIT: An exhibition of Chinese cars titled ‘Dragon Gear 2022’ commenced on Sept 28 and will continue…
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Strong US dollar an unstoppable force endangering other currencies
NEW YORK: The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a…
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UK finance minister vows ‘credible plan’ to reduce debt
London: Britain’s under-fire finance minister Kwasi Kwarteng has promised to unveil “a credible plan” to lower government debt as he…
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Eurozone inflation jumps to record 10%
Brussels: Eurozone consumer prices skyrocketed by a record 10 percent in September, official data showed on Friday, as inflation reached…
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UK’s PM defends ‘difficult’ tax cuts despite market turmoil
LONDON: UK Prime Minister Liz Truss on Thursday defended her tax cutting policy after days of silence during which markets…
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Porsche ignites blockbuster IPO, defying market turmoil
FRANKFURT: Luxury sports carmaker Porsche raced onto the Frankfurt stock exchange Thursday with one of Europe’s biggest listings in years,…
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Germany deploys 200bn euro shield in ‘energy war’
BERLIN: Germany on Thursday extended a 200-billion-euro ($194-billion) shield to protect households and businesses from skyrocketing power costs, as Europe’s…
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IMF chief pledges support for Malawi president’s aid request
Washington: IMF chief Kristalina Georgieva met with Malawi’s President Lazarus McCarthy Chakwera on Thursday and committed to provide support to…
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German inflation soars to 10.0% in September: data
Frankfurt: German inflation accelerated sharply in September on the back of rocketing energy prices, official data showed Thursday, heaping fresh…
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BoE steps in to shore up market as IMF criticizes British budget
LONDON: The Bank of England stepped in Wednesday to shore up market confidence after the International Monetary Fund criticized Britain’s…
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