Lower jobless claims help ease recession worries in US market
KUWAIT: Business activity in the US services sector returned to expansion territory in July, with the PMI reading coming in at 51.4 from 48.8 previously.
KUWAIT: Business activity in the US services sector returned to expansion territory in July, with the PMI reading coming in at 51.4 from 48.8 previously.
NEW YORK: Environmental campaigners in New York have kept up a campaign of direct action against one of the city’s foremost banking empires, Citi, accusing the group of fueling the climate crisis. Enraged by Citi’s bankrolling of polluting businesses, activists have unleashed a “summer of heat” campaign that includes protests and leafleting, coupled with an online pressure campaign.
RIYADH: The Kingdom of Saudi Arabia Cabinet announced on Sunday approval of updated investment law in alignment with the 2030 vision and the National Investment Strategy.
MUMBAI: India’s market regulator chief rejected Sunday allegations by US short-seller Hindenburg Research that claimed past offshore investments may have prevented her from properly investigating corporate malfeasance allegations against the Adani Group.
KUWAIT: The National Investments Company announced its financial results for the first half of 2024, in which the company achieved a net profit of KD 5.77 million at 7.24 fils per share, compared to the corresponding period of 2023, in which the net profit reached KD 4.23 million, 5.3 fils per share, an increase of 37 percent.
BELGRADE: Tens of thousands of people gathered in central Belgrade on Saturday demanding a halt to Rio Tinto’s, lithium project in Western Serbia over fears it could pollute nearby land and water.
LONDON: Like thousands of Nigerians and millions of others across the developing world, higher fuel costs have irked Antonia Arosanwo.
KUWAIT: In line with the role of the Egyptian banking sector in the country’s economic development, National Bank of Kuwait - Egypt has granted EDECS International Engineering and Contracting Company credit facilities totaling $93 million.
WASHINGTON: A sharp slowdown in the US job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its next scheduled meeting, in September, to cut interest rates.
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