WASHINGTON: US President Joe Biden hits the road yesterday to show off the huge new infrastructure bill passed last week, hoping to reap its benefits politically even as he watches his approval ratings slump. 

MANILA: The Philippine economy grew more than expected in the third quarter, the government said yesterday, as a rebound in consumer spending overcame pandemic lockdowns and other restrictions to rein in the fast-spreading COVID delta variant. 

KUWAIT: Kuwait’s post-pandemic recovery is proceeding apace, facilitated by a relatively high vaccination rate that has helped push daily new coronavirus cases down to the low double digits. 

TOKYO: Toshiba plans to split into three companies as early as 2023, a report said yesterday, after a series of crises at the firm including the ouster of the board’s chairman and a contentious buyout offer. 

GAZA CITY: The Palestinian Territories’ economy is showing “signs of recovery” but still faces serious challenges including “very high unemployment and deteriorating social conditions” in Gaza, the World Bank said yesterday. In the first half of 2021, growth reached 5.4 percent, and is expected to reach 6 percent this year, the World Bank said in a report.However, growth in 2022 is predicted to slow to around 3 percent, it added.

KUWAIT: Boursa Kuwait hosted The Network Forum’s (TNF) Middle East Meeting, which was held from 8-9 November 2021, along with Kuwait Clearing Company (KCC), to highlight the latest capital market developments in the region. 

KUWAIT: Dr Fang Liangzhou, vice president and CMO of Huawei Digital Power, recently spoke at COP26. At the session “System Change and Climate Innovation in the Technology Industry” hosted by the UNFCCC Global Innovation Hub, Fang virtually delivered a keynote address on “Building a Low-Carbon Smart Society.”

SYDNEY: Australia said yesterday it will sell coal for “decades into the future” after spurning a pact to phase out the polluting fossil fuel to halt catastrophic climate change. 

GLASGOW: The 65 most vulnerable nations will see GDP drop 20 percent on average by 2050 and 64 percent by 2100 if the world heats up 2.9 degrees Celsius, according to a report released Monday at the COP26 climate talks in Glasgow.