• Tesla reports record deliveries in Q3, but Model 3 sales underwhelm bulls

    SAN FRANCISCO: Tesla Inc on Friday said it delivered 139,300 vehicles in the third quarter, a quarterly record for the electric carmaker, but shares fell 5.7 percent in pre-market trading.

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  • Trouble for Trump as US job growth slows

    WASHINGTON: US employment growth slowed more than expected in September and over 300,000 Americans lost their jobs permanently, dealing a potential blow to President Donald Trump ahead of the fiercely contested Nov 3 presidential election. 

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  • Kuwait reports five COVID-19 deaths, 371 new cases

    KUWAIT: The number of confirmed coronavirus cases in Kuwait rose by 371 yesterday to take the total count to 106,458, while a fivefold increase in fatalities pushed its death toll from the outbreak to 620, health ministry data showed. 

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  • Online barter trade booms in Philippines

    MANILA: In the middle of a coronavirus lockdown in the Philippine capital, Grace Lagaday was struggling to breastfeed her newborn without milk storage bottles and nursing pads.

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  • Saudi imposes new, lower property tax to shore up sector

    RIYADH: Saudi Arabia’s king on Friday issued an order exempting real estate deals from a 15 percent value-added tax (VAT) and imposed a new 5 percent tax on transactions as the Gulf state moves to revitalize an economy hit by low oil prices and the COVID-19 pandemic.

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  • Stocks slide after Trump diagnosed with coronavirus

    LONDON: Stocks sold off and investors quit riskier assets yesterday after US President Donald Trump said he and his wife had tested positive for the coronavirus and would isolate, four weeks before US elections. 

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  • France rakes in 2.8bn euros from 5G sale

    PARIS: The President of the French agency in charge of regulating telecommunications ARCEP Sebastien Soriano (right) speaks as French Junior Minister for Digital Transition and Electronic Communication Cedric O (left) listens during their visit at the Swedish telecommunications equipment provider Ericsson’s research and development center on Thursday in Massy, near Paris. — AFP

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  • US labor market, income data point to drawn-out recovery

    WASHINGTON: The number of Americans filing new claims for jobless benefits fell last week but remained at recession levels, while personal income dropped in August, underscoring the seed for another government rescue package for businesses and the unemployed.

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  • Australian PM pledges $1 billion for manufacturing to rebuild economy

    SYDNEY: Australia will spend A$1.5 billion ($1 billion) to revitalize manufacturing across six sectors, Prime Minister Scott Morrison said, as the government pushes to get the economy out of the deep slump triggered by the coronavirus pandemic.

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