BONN: The incoming president of the COP29 UN climate summit in Azerbaijan told AFP on Friday that his country would keep increasing fossil fuel production “in parallel” with investments in cleaner alternatives.

TOKYO: Japan’s household spending rose in April for the first time in 14 months, official data showed Friday, as wages grow at the fastest pace in three decades.

GENEVA: The war in Gaza has seen the unemployment rate in the besieged Palestinian territory surge to nearly 80 percent, the United Nations said Friday.

RIYADH: Saudi oil giant Aramco on Friday said it would price its secondary offering at 27.25 Saudi riyals ($7.27) per share, in the lower end of its range, allowing it to raise $11.2 billion.

KUWAIT: Kuwait Telecommunications Company – stc, a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, held its second workshop for entrepreneurs in collaboration with the Kuwaiti content creator Waleed Al-Saleem.

ST PETERSBURG: Despite Western sanctions, Russia must be integrated in the global economy with countries that are prepared to work with it, central bank Governor Elvira Nabiullina said at Russia’s flagship annual economic forum in St Petersburg on Thursday.

WASHINGTON: The number of Americans filing new claims for unemployment benefits increased last week and unit labor costs rose by less than previously thought in the first quarter, indicating the labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.

KUWAIT: Krti Fintech has triumphed in Visa’s competition, showcasing a service designed for the financial, banking, and commercial sectors, with a specific focus on customers.

FRANKFURT: The European Central Bank cut interest rates for the first time in five years on Thursday but kept investors in the dark about its next move given increasing uncertainty over inflation after a sharp slowdown in the past year.