KUWAIT: In a distinguished step that falls within the efforts of the Union of Investment Companies (UIC) helping to improve the financial markets in Kuwait, it organized an economic seminar entitled “Energy outlook amid macroeconomic and geopolitical uncertainties, impact on Gulf producers”, on Monday which tackled the current economic conditions and future expectations of the oil and gas markets and their repercussions on the global economy.

KUWAIT: US consumer inflation remained elevated in February, according to government data released on Tuesday, adding pressure to the Federal Reserve as it balances its fight to lower prices with financial stability concerns.

Paris: US pharmaceutical giant Pfizer announced Monday it had reached a deal to buy biotech firm Seagen, specialising in innovative cancer treatment, for $43 billion.

KUWAIT: Nomo Bank, the Digital Bank of the Bank of London and the Middle East “BLME”, a subsidiary of Boubyan Bank Group, announced the launch of its new multicurrency account which allows customers to perform banking transactions in 6 different currencies and to link them all to one card in a major step towards employing the digital bank’s services in providing easier, more convenient, and secure digital payment solutions.

FRANKFURT: The European Central Bank is poised to raise interest rates again on Thursday to tackle inflation, but the sudden collapse of a US lender has fuelled concern about the health of the banking system as borrowing costs climb higher.

LONDON: UK hospital doctors on Monday began a three-day strike over pay at the start of a week that will also see teachers, train staff and civil servants walk out, in the latest wave of industrial action.

WASHINGTON: The Biden administration, brushing aside climate concerns from environmental groups, approved a controversial oil drilling project on Monday on Alaska’s North Slope.

LONDON: Britain’s technology and life sciences sectors are at “serious risk” following the closure of the Silicon Valley Bank, Chancellor Jeremy Hunt warned on Sunday.

FRANKFURT: German giant Volkswagen is set to follow Tesla’s lead with a high-profile price drop as the battle for global dominance in the electric car segment intensifies, and local challengers race ahead in key market China.