Sri Lankans queue at pumps for days with no promise of petrol
COLOMBO: Out of gas and stuck in line for days, a group of motorists kick off their shoes and settle on a sidewalk in Sri Lanka’s capital for a round of cards.
COLOMBO: Out of gas and stuck in line for days, a group of motorists kick off their shoes and settle on a sidewalk in Sri Lanka’s capital for a round of cards.
KUWAIT: S&P Global Ratings revised its outlook on Kuwait to stable from negative and affirmed the ‘A+/A-1’ long- and short-term foreign- and local-currency sovereign credit ratings.
KUWAIT: The price of Kuwait oil fell by $3.52 to $104.85 per barrel on Wednesday in contrast to $108.37 pb the day before, Kuwait Petroleum Corporation (KPC) said Thursday.
New York: JPMorgan Chase reported a drop in second-quarter profits on Thursday, reflecting the impact of a weakening macroeconomic outlook that led it to set aside funds in case of bad loans.
Brussels: Russia’s war against Ukraine continues to negatively affect the EU economy, setting it on a path of lower growth and higher inflation compared to the Spring Forecast, according to the Summer 2022 EU Economic Forecast released by the European Commission Thursday.
LONDON: Stock markets mostly retreated Thursday as fresh evidence of runaway global inflation ramped up expectations of more aggressive interest-rate hikes by central banks.
MONTERREY: Maria Celia Navarro smiles wistfully as she remembers the now-unthinkable luxury of taking a shower in her home before a water shortage struck one of Mexico’s wealthiest cities.
LONDON: European equities fell Wednesday with traders on edge before key June inflation data in the United States.
BEIJING: China’s economic expansion slumped in the second quarter to levels not seen since early 2020, an AFP poll of analysts found, owing to painful COVID lockdowns and lingering weakness in the real estate sector.
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