WASHINGTON: The United States and China sparred over trade issues but promised to keep lines of communication open as Beijing’s commerce minister paid a rare visit after a period of soaring tensions.

NEW YORK: Global stock markets advanced on hopes of progress in negotiations to avert a calamitous US debt default and a continued rally in tech stocks over enthusiasm for firms involved in artificial intelligence.

PARIS: TotalEnergies shareholders have backed the French oil giant’s climate strategy as it faces pressure from both environment activists and the government to speed up its switch to renewable energy.

KUWAIT: National Bank of Kuwait (NBK) was named “Best Bank in Kuwait” for 2023 by Global Finance, in its annual survey for the Best Banks in the Middle East, based on the input from a large panel of experts, analysts, corporate financial executives, bankers and banking consultants worldwide.

WASHINGTON: Treasury Secretary Janet Yellen has updated the date for a possible US debt default to June 5 if Congress fails to raise the ceiling on borrowing, pushing back a previous estimate of June 1.

KUWAIT: As we begin to welcome the summer season, Gulf Bank, is collaboration with Visa, launches a special offer that gives 60 customers a chance to win an Apple Watch Ultra or an iPhone 14 Pro device.

BAGHDAD, May 27 (KUNA) -- The "development road" conference, hosted by Baghdad on Saturday, concluded with formation of panels tasked with addressing mechanisms of states' engagement in the mega venture, intended to link up south Iraq with the north.

BAGHDAD, May 27 (KUNA) -- The "development road" conference kick started on Saturday with attendance of representatives from regional countries including the Kuwaiti Ambassador to Iraq Tareq Al-Faraj, delegations from the World Bank and the European Union.

WASHINGTON, May 26 (KUNA) -- US Secretary of the Treasury Janet L. Yellen on Friday sent a letter to the Congressional Leadership stressing the need of raising the debt limit by June 5.