MOSUL: Iraqi shopkeeper Ahmad Riad is busy again serving customers at a Mosul market four years after the city was destroyed in battles against jihadists, but he still awaits war reparations. 

SAN FRANCISCO: Microsoft says it has warned thousands of its cloud computing clients of a recently discovered flaw that left their data vulnerable for an extended period. The problem involved keys used to access Microsoft Azure’s flagship database service Cosmos DB, and was discovered two weeks ago by cybersecurity company Wiz.

WASHINGTON: The US economy and labor market have healed to the point that the central bank could begin to withdraw its stimulus measures by the end of the year, Federal Reserve Chair Jerome Powell said Friday.

WASHINGTON: The US Supreme Court on Thursday blocked the extension of a federal moratorium on evictions, ending a protection granted to millions who have struggled to afford rent during the COVID-19 pandemic. 

LONDON: Europe’s stock markets dipped yesterday, mirroring Asia on growing fears over an end to central bank largesse. 

SEOUL: South Korea yesterday became one of the first major economies to hike interest rates following the coronavirus pandemic, as authorities try to rein in growing household debt and a frenzied housing market. The central Bank of Korea raised its key rate to 0.75 percent from a record low 0.5 percent-where it had been since May 2020 — with officials asserting the economy was experiencing a “sound recovery”.

LONDON: Britain’s factories, restaurants and supermarkets are facing stubborn supply problems due to the COVID pandemic and Brexit, sparking calls this week for government help ahead of Christmas. US burger chain McDonald’s ran out of milkshakes and bottled drinks this week, blaming a lorry driver shortage that created supply chain issues and a slowdown in UK business activity.

WASHINGTON: President Joe Biden gathered Wednesday with business and government leaders to discuss improving cybersecurity following high-profile attacks that raised questions about the vulnerability of so-called critical infrastructure. Biden and key cabinet officials hosted chief executives of Apple, Google, Amazon and Microsoft, along with leaders from the finance and utilities sectors.

Kuwait: The most elegant eSIM smartwatches with the longest-lasting battery life – the HUAWEI WATCH 3│3 Pro and the most beautiful camera phone in the mid-range segment – the HUAWEI nova 8 are now available on Huawei’s official website and select retailers in Kuwait.