BEIRUT: The Lebanese pound sank to a new low on the black market Friday, with no end in sight to the economic and political crisis plunging ever growing numbers into poverty. 

KUWAIT: Kuwait Automotive Imports Company, Kaico Al Shaya & Al Sagar, the authorized distributors of Mazda cars in Kuwait is delighted to announce the arrival of the first Mazda EV the MX 30 in the region.

WASHINGTON: Americans are spending their way into the holiday season, while jobless claims have fallen to historic lows, new data showed Wednesday-offering some respite for President Joe Biden as he steers the recovery from the COVID-19 pandemic amid soaring inflation. 

BERLIN: German shoppers are feeling downbeat as the December Christmas period beckons, a key survey said yesterday, with concerns about soaring coronavirus infections and higher prices gnawing away at festive cheer. Pollster GfK’s forward-looking barometer fell to minus 1.6 points for December, down 2.6 points on the previous month.

WASHINGTON: US retailers are adding security and locking up goods after flash mob heists involving dozens of thieves at once stunned luxury stores in the San Francisco area and beyond, as the holiday shopping season opens.

PARIS: An appeal court yesterday handed the CEO of France’s Orange telecoms giant Stephane Richard a one-year suspended sentence for complicity in misuse of public funds over a massive 2008 state payout to businessman Bernard Tapie. 

WASHINGTON: President Joe Biden tapped the US strategic oil reserves in a bid to reassure Americans angry about inflation and goods shortages as they head off to Thanksgiving-and to buoy up his sinking poll ratings. 

WASHINGTON: Oil majors have raised gasoline prices for the sake of their own profits, US President Joe Biden said Tuesday as his administration looked for ways to lower prices at pumps nationwide at the beginning of the holiday travel season. The White House has upped the pressure on oil markets amid a spike in energy prices that has driven overall US inflation to record levels.

ALGIERS: Algeria plans to scrap its generous state subsidies on basic goods that have long helped maintain social peace but strained state budgets as energy revenues have fallen. Many economists support the plan as a necessary evil, as long as the neediest are protected, but some poor families are fearful about the impact.