KUWAIT: Zain Group, a leading telecom innovator in seven markets across the Middle East and Africa announces the creation of Zain Ventures and the closing of investments and signing a Memorandum of Understanding (MoU) with both Pipe and Swvl to support their growth across Zain’s regional footprint and beyond.

WASHINGTON: A shortage of semiconductors has sent shockwaves through the global economy, squeezing supplies of everything from cars to headphones. 

FRANKFURT: The eurozone economy rebounded by a strong two percent in the second quarter, according to official data released on Friday, as reopened businesses lifted activity out of the pandemic doldrums. 

BRUSSELS: European banks can weather a severe economic crisis with a sharp drop in their financial reserves, according to results from an extensive stress test published on Friday. 

LOS ANGELES: Millions of Americans could find themselves homeless starting today when a nationwide ban on evictions expires, even as billions in government funds meant to help them go untapped. The wave of evictions would come as the fast-spreading Delta variant has taken hold in the country and rental housing is in high demand in the hot real estate market.

MADRID: Deliveroo’s trademark green rucksacks may soon disappear from Spanish streets after food delivery firm said it was considering leaving that market where its riders will soon be recognized as staff. 

WASHINGTON: The US economic recovery is showing signs of progress, but the Federal Reserve said Wednesday it is not yet ready to end the easy money policies it implemented as the pandemic began last year. 

BEIJING: With market-trembling new rules and investigations, Beijing’s crackdown on its most prominent companies has seeped into nearly every aspect of modern life, wiping billions of dollars from Chinese and Hong Kong-listed stocks and bamboozling investment sages.

WASHINGTON: US President Joe Biden announced Wednesday a deal with senators on a massive infrastructure package that would pump historic levels of federal funding into fixing US roads, bridges and waterways and expand clean energy programs. The bipartisan measure, including some $550 billion in new spending, came together after two months of often-tense negotiations that Biden and his Democrats wanted to see concluded before Congress breaks for its August recess.