WILMINGTON: President-elect Joe Biden presented his economic team on Tuesday and pledged they would lead the charge on a plan to provide more relief for the faltering US economy, which his nominee for Treasury secretary called an “American tragedy.”

KUWAIT: Kuwait listed 268 new coronavirus infections yesterday raising the total to 143,260, while one death recorded over the past 24 hours upped its death toll from the outbreak to 882, the health ministry said.

KUWAIT: Qatar’s industrials sector leads the top GCC M&A transactions during Q3 2020 as per a report recently issued by the Investment Banking Department at Kuwait Financial Centre “Markaz”. 

LONDON: Debenhams and Topshop-owner Arcadia, two of Britain’s biggest clothing retailers, stood on the brink of collapse yesterday following coronavirus fallout and fierce online competition, risking the loss of 25,000 jobs. 

WASHINGTON: President-elect Joe Biden announced Monday he will nominate former Federal Reserve chair Janet Yellen to lead the Treasury, topping a slate of economic officials who would break racial and gender barriers in the US government. 

KUWAIT/RIYADH/AMMAN/MANAMA: Zain Group, a leading telecom innovator in eight markets across the Middle East and Africa, announces the highly transformational development of the launch of the ‘Zain esports’ brand, marking the beginning of a year-long calendar of large and exciting regional online esports tournaments comprised of multiple Flagship events as well as smaller, regular community tournaments with attractive cash and devices prize pools.

LONDON: Oil prices will struggle to gain upward traction next year as demand remains in the grip of the coronavirus pandemic despite growing optimism over vaccines and a likely extension of output cuts by top producers, a Reuters poll showed yesterday. 

LONDON: Britain’s audit sector, dominated by the so-called Big Four accountancy giants, is shortly expected to discover how it must reinvent itself amid a series of probes into alleged corruption, including one linked to the collapse of German electronic payments group Wirecard.

KUWAIT: Kuwait said yesterday it logged 209 new coronavirus infections over the previous 24 hours, raising total cases to 142,635, while two fatalities recorded over the same period upped its death toll to 880.