• EU strikes deal on landmark AI law

    BRUSSELS: EU member states and lawmakers clinched a deal on Friday on how to draft “historic” rules regulating artificial intelligence models such as ChatGPT — after 36 hours of negotiations.

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  • Record number of fossil fuel lobbyists at COP28

    DUBAI: NGOs may have slammed the record number of fossil fuel lobbyists at UN climate talks in Dubai, but the industry won’t be browbeaten, with the OPEC cartel hosting a chat on “climate initiatives” and one of the heads of the “Big Oil” majors sparring with activists.

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  • Biden unveils $8.2bn plan for first US high-speed train

    LAS VEGAS: Train enthusiast Joe Biden unveiled a $8.2 billion plan Friday to get America’s creaking rail network back on track, including its first ever high-speed link between Los Angeles and Las Vegas.

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  • NBK partners with Qatar Airways, British Airways to launch NBK Avios Visa Card

    KUWAIT: With its commitment to providing exceptional banking experiences through outstanding products and services, National Bank of Kuwait (NBK) has unveiled the NBK Avios Visa Signature Prepaid Card in partnership with Qatar Airways Privilege Club and British Airways Executive Club.

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  • Once bane of big tech, Vestager’s star wanes

    BRUSSELS: Margrethe Vestager is preparing to return to her day job as the European Union’s competition chief after a hard-fought and ultimately unsuccessful bid to lead the bloc’s lender.

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  • US unemployment ticks down; job market robust

    WASHINGTON: The United States saw its jobless rate dip in November while hiring rose more than expected, government data showed Friday, fueling optimism that the world’s biggest economy may achieve the elusive goal of avoiding recession, while also taming inflation.

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  • Xi says economic recovery ‘still at critical stage’

    BEIJING: President Xi Jinping said that China’s economic recovery is “still at a critical stage”, state broadcaster CCTV reported Friday, as sluggish domestic activity and property sector woes drag on a post-pandemic rebound.

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  • Nine Kuwaiti steel companies booked for fraudulent practices

    KUWAIT, Dec 9 (KUNA) -- The Ministry of Commerce and Industry said Saturday its consumer protection teams booked nine local steel companies for refraining from selling steel products unjustifiably in a bid to raise the prices.

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  • Kuwait's admission into SCO boosts members' ties -- Sec. Gen.

    TOKYO, Dec 9 (KUNA) -- Secretary General of Shanghai Cooperation Organization (SCO) Zhang Ming has affirmed State of Kuwait's admission into the organization as a dialogue partner contributes to boosting ties among member states.

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