• Starling bank’s Anne Boden takes fintech out of London

    LONDON: Gazing out from the new offices of online bank Starling, Anne Boden sees the familiar, modest surroundings of the Welsh capital Cardiff rather than the skyscrapers of London’s City financial district.

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  • Eurozone inflation soars to new record over Ukraine war

    BRUSSELS: Eurozone inflation accelerated to another record high in May, data showed Tuesday, as the war in Ukraine stoked energy and food prices and threatened to flatline the economy.

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  • Bankrupt Sri Lanka hikes taxes

    COLOMBO: Cash-strapped Sri Lanka on Tuesday announced steep, across-the-board tax hikes to shore up revenue as the country suffers its worst economic downturn and seeks an IMF bailout.

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  • Heads roll at Aussie power giant AGL after green takeover bid

    SYDNEY: Australia’s biggest carbon emitter AGL abruptly announced on Monday the departure of its chairman, CEO and a string of board members, while scrapping a long-planned move to spin off its lucrative coal business.

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  • EU leaders plead with Orban to support Russian oil ban

    BRUSSELS: EU leaders on Monday will try to persuade Hungarian President Viktor Orban to back a watered-down oil embargo against Russia after a month of haggling over the bloc’s latest sanctions.

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  • Zain first telecom operator globally to launch Vo5G

    KUWAIT: Zain, the leading digital service provider in Kuwait, announced the launch of voice over 5G services, becoming the first telecom operator globally to commercially launch Vo5G with nationwide coverage in all of Kuwait’s areas and on the all-new Samsung Galaxy S22 lineup.

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  • Boubyan Bank releases its 2nd Sustainability Report for 2021

    KUWAIT: To continue highlighting the international and regional developments of sustainability and ESG metrics, Boubyan Bank has issued its second sustainability report for 2021 that tackles sustainability indicators as well as its impact on environmental, social, and economic criteria in addition to corporate governance, which are all considered crucial aspects to evaluate the Group’s performance and positioning in ESG and sustainable development locally and regionally.

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  • Cost-of-living crisis forces more Brits to foodbanks

    BRADFORD, UK: On an overcast morning in Bradford, northern England, a steady stream of locals arrive at a foodbank to collect produce parcels described as “a lifesaver” during the worst cost-of-living crisis in a generation.

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  • Despite high gas prices, US refiners struggle to meet summer demand

    NEW YORK: Only time will tell how much record US prices at the pump will dent driving demand this summer, but don’t expect a significant increase in gasoline supply from American refineries.

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