• UK: Zero percent growth in local economy due to February strikes

    LONDON, April 13 (KUNA) -- UK's domestic product failed to achieve any significant growth in February due to strikes, after recording a rise of 0.4 percent in the previous month.

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  • US consumer inflation slows to 5% in March year-over-year

    New York: US consumer inflation slowed in March, according to US data Wednesday, lessening the pressure on the Federal Reserve to maintain its aggressive posture to cool the economy.

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  • Thailand’s China-built high-speed rail on track but delayed

    NAKHON RATCHASIMA, Thailand: One of Thailand’s oldest railway stations is facing demolition as the kingdom presses ahead with a long-delayed Chinese-backed high-speed line that has caused unease about lost heritage and closer ties to Beijing.

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  • Gold rush, migrant influx stoke strains in Niger desert town

    ARLIT, Niger: The short dusty street in Arlit, a mining town in northern Niger, is a sad and seedy place. Faces of young women, many of them from Nigeria, appear in the cracks of doorways, offering their bodies in exchange for money.

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  • Zain Group holds AGM with a quorum of 80.1%

    KUWAIT: The Zain Group Annual General Meeting (AGM) was held at the Zain Group’s headquarters in Kuwait, attended with a quorum of 80.1 percent of shareholders whereby they were presented with the Zain Group’s 2022 annual report which highlights the financial statements, Governance and Auditors reports and the major achievements of Zain Group and its operations and subsidiaries across Middle East and Africa, for the year ended December 31, 2022. Additionally, Zain Group released its 2022 Sustainability Report.

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  • Kuwaiti lawmaker underscores need of int'l financial reform

    WASHINGTON, April 11 (KUNA) -- Dr. Obaid Al-Mutairi, a senior member of the Kuwaiti National Assembly, called on the developing countries to work together for reforming the international financial institutions, notably the World Bank and the International Monetary Fund.

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  • Kuwaiti lawmaker underscores need of int'l financial reform

    WASHINGTON, April 11 (KUNA) -- Dr. Obaid Al-Mutairi, a senior member of the Kuwaiti National Assembly, called on the developing countries to work together for reforming the international financial institutions, notably the World Bank and the International Monetary Fund.

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  • China to require ‘security assessment’ for new AI products

    BEIJING: New AI products developed in China will have to undergo a security assessment before being released and must reflect “core socialist values”, a sweeping new draft law by the country’s internet regulator showed Tuesday. 

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  • Credit Suisse rescue averted catastrophe: Swiss president

    BERN: Swiss President Alain Berset told lawmakers Tuesday that letting banking giant Credit Suisse collapse would have triggered a catastrophe, as he defended the orchestrated takeover by UBS.

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