STOCKHOLM: US economists Paul Milgrom and Robert Wilson won the Nobel Economics Prize yesterday for work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel Committee said. 

KUWAIT: Kuwait yesterday reported 777 new COVID-19 infections, taking the total to 111,893, while the death toll surged to 664 after confirming new six fatalities during the last 24 hours, the health ministry said.

KUWAIT: It’s been nearly two months since public transport was allowed to operate again in Kuwait while adhering to strict health measures to prevent the spread of the novel coronavirus. While wearing facemasks and maintaining social distancing are still required to ride on public buses, the demand for public transport limits the options for social distancing onboard during peak times. 

NEW YORK: Increasing numbers of New Yorkers are buying cars as they avoid public transport because of the coronavirus pandemic, igniting the second-hand market but undermining hopes of less congestion in the Big Apple. 

ATHENS: Only about half of Greece’s periptera, the little kiosks selling cigarettes and newspapers in town squares across the country, survived the economic crisis. Now, those still standing face a fresh threat, from the coronavirus pandemic-and adding masks and gels to their inventory might not be enough to see them through.

KUWAIT: Zain, the leading digital service provider in Kuwait, announced the signing of an exclusive partnership agreement with Brandatt.com, an e-commerce company that specializes in beauty products, accessories, and perfumes. 

KUWAIT: Police are actively pursuing violators of preventive measures against the spread of the novel coronavirus, the interior ministry confirmed yesterday, adding that officers have dispersed various public gatherings in the past few days. 

LONDON: The British government on Friday said it would pay up to two-thirds of staff monthly wages to firms forced to close over the winter months, as infection rates skyrocket. Finance minister Rishi Sunak extended a scheme launched just two weeks ago for workers taking reduced hours to help businesses required to shut as part of efforts to cut transmission rates.

NEW YORK: Wealthy Americans are scrambling to change their estate plans before year-end, worried that Democrat Joe Biden will win the US presidential election and raise taxes, say financial advisers to the moneyed set.