MEXICO CITY: Latin America’s second-largest economy is bouncing back from its worst slump in decades, but rising living costs mean that many Mexicans like Reynaldo Perez are struggling to scrape by. 

WASHINGTON: The COVID-19 pandemic has changed the nature of homebuying in the United States, but one constant is that Black Americans do not have the same access to a home of their own. Black purchasers made up just six percent of the total homebuyers this year-a figure that has changed little over the past two decades, a National Association of Realtors (NAR) report released Thursday said.

PARIS: The aviation industry is slowly recovering from last year’s COVID-induced downturn, but European aircraft maker Airbus is having a smoother ride than American rival Boeing, which has endured a series of crises.

GLASGOW: Governments which enact climate legislation risk being sued for trillions of dollars by fossil fuel companies seeking compensation for lost revenue and stranded assets, according to data that campaigners warn threaten pledges made at COP26. Energy experts predict that more ambitious climate action from world leaders will significantly increase companies’ use of a tribunal mechanism that has already awarded billions to heavy industry.

The registration for National Bank of Kuwait’s (NBK) Run continues online through nbk.com/nbkrun. NBK Run is scheduled to kick off on Saturday December 4, 2021. NBK will award six participants alongside the grand draw for a new Nissan X – TERA car from the strategic partner, Al-Babtain Group.

SINGAPORE: Bangladeshi migrant worker MD Sharif Uddin used to spend his days off with friends outside his cramped Singapore dormitory, but coronavirus curbs have for 18 months left him stuck inside during his spare time. 

KUWAIT: Gulf Bank aired the second episode of its “Let’s Talk Business” podcast with Ahmed Al-Majed, General Manager at the Suffix company for sports events management. The program, hosted by Tareq Al-Saleh, Deputy General Manager of the Economic Research Unit at Gulf Bank, presents entrepreneurial stories within a simplified economic framework, targeting budding entrepreneurs who are considering starting businesses of their own.

KUWAIT: National Bank of Kuwait – Egypt (NBK-Egypt) provided a finance of EGP 850 million to Madkour for Projects Company, one of the leading national companies in the field of energy and infrastructure projects, for the purpose of carrying out the works assigned to the company by the Ministry of Housing to replace and upgrade medium and low voltage electricity networks in some villages of Markaz Esna and Markaz Armant in Luxor governorate.

BALTIMORE, US: President Joe Biden acknowledged Wednesday that US shoppers were paying too much for everyday goods, vowing to tackle inflation “head on” after government data showed it had reached a 30-year peak last month.