• Paris business district looks to students to replace workers

    PARIS: With companies cutting back on office space as working from home remains popular, Europe’s biggest business district is looking to students to fill the void left by workers.

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  • US trade gap widens in September

    WASHINGTON: The US trade deficit expanded in September on the back of a larger rise in imports than exports, according to government data released Tuesday.

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  • Kuwait Minister marks significant leap in Arab-Turkish relations

    ISTANBUL, Nov 8 (KUNA) -- Deputy Prime Minister, Oil Minister and Minister of State for Economic and Investments Affairs, Saad Al-Barrak, marked the significant leap in Arab-Turkish relations, particularly in Kuwait, driven by numerous investment initiatives.

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  • Saudi Aramco profits down 23% on lower oil prices, cuts

    RIYADH: Energy giant Saudi Aramco on Tuesday posted a 23-percent year-on-year drop in profits for the third quarter, the result of lower oil prices and production cuts.

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  • Philippine inflation slows as harvests boost food supply

    MANILA: The Philippines’ inflation rate slowed sharply in October, as harvests boosted the supply of rice and vegetables in the market and took the steam out of food costs. Consumer prices rose 4.9 percent on-year last month, the Philippine Statistics Authority said, well down from September’s 6.1 percent.

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  • IMF raises China 2023 growth forecast to 5.4%

    BEIJING: The International Monetary Fund on Tuesday raised its 2023 economic growth forecast for China, citing stronger consumption and recent policy measures announced by Beijing. After a tough year for the world’s number-two economy, there have been flickers of life in recent weeks, with third-quarter expansion coming in more than expected.

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  • Office giant WeWork files for bankruptcy

    WASHINGTON: Beleaguered shared office giant WeWork, which has been in dire financial straits for years, announced Monday that it had filed for bankruptcy in a bid to negotiate down its debt.

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  • Gulf Bank hosts cybersecurity workshop

    KUWAIT: In its ongoing commitment to staying ahead in the realm of cybersecurity, Gulf Bank has successfully concluded an intensive workshop for senior leadership within its executive management team. 

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  • Kuwait real estate activity remains soft in Q3; sales pick up marginally

    KUWAIT: Kuwait’s real estate activity remained muted in Q3 2023, amid elevated residential valuations and higher borrowing costs, though sales did log their first quarterly increase since the final quarter of last year.

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