HANOI: Phan Thi Nhieu has spent a decade assembling shoes for worldwide brands such as Timberland and K-Swiss, but she is now among tens of thousands of Vietnamese factory workers laid off as Western consumers cut spending.

KUWAIT: Boubyan Bank announced Wednesday that Apple Pay is available to its customers in Kuwait. Apple Pay is a safer, more secure, and private way to pay that allows users to use their Apple devices to make payments in-store, online and in-app.

By Majd Othman

KUWAIT: Kuwait Banking Association (KBA) held on Tuesday a ceremony on the occasion of 40th anniversary of the establishment of the Association in the presence of the Governor of Central Bank of Kuwait, Chairmen of boards of directors of Kuwaiti banks, CEOs and banking leaders of local banks.

Kuwait: Zain, Kuwait’s leading digital service provider, was recognized with four accolades during the tenth Kuwait Creativity Award in recognition of its notable track of media productions and digital campaigns, becoming the most recognized company in the Award’s 10-year history.

By Majd Othman

KUWAIT: Minister of Commerce and Industry and Minister of State for Communications and Information Technology Affairs Mazen Al-Nahedh said human evolution has pushed the world towards major economic transformations and boosted the role of the private sector, leading to the development of a market policy.

NEW YORK: US consumer inflation eased in November, according to government data released Tuesday, bringing some relief to policymakers with the smallest annual increase in nearly a year.

RIYADH: Boursa Kuwait signed a memorandum of understanding (MoU) with the Saudi Tadawul Group that aims to continue to build on the partnership and form the basis of cooperation between the two stock exchange operators, The MoU, which was signed on the periphery of the GCC Stock Exchange Summit in Riyadh, aimed to explore collaboration opportunities in financial technology (fintech), products as well as developing sustainability and in the fields of Environmental, Social and Governance (ESG) reporting and implementation.

BRUSSELS: Growing hopes that the eurozone’s red-hot inflation is nearing its peak could prompt European Central Bank policymakers to opt for a smaller rate hike on Thursday, observers said.

WASHINGTON: Managing current high levels of debt will become increasingly difficult if the economic outlook continues to deteriorate and borrowing costs rise further, the Washington-based lender warned in a blog post.