NEW YORK: Amid a flood of government spending, the global downturn sparked by the coronavirus pandemic will not be as bad as originally feared, IMF chief Kristalina Georgieva said yesterday, but she warned that the crisis is far from over. 

KUWAIT: Kuwait’s confirmed coronavirus cases increased by 676 to 108,268 with four people having succumbed to the disease raising the death toll to 632 in the past 24 hours, the health ministry said yesterday. 

LONDON: Britain’s economy proved more resilient than initially thought last month, despite a tightening of lockdown restrictions and an end to a temporary government subsidy for businesses such as restaurants and bars, a major survey showed yesterday.

LONDON: British Finance Minister Rishi Sunak said yesterday he would protect the public finances after a surge in spending, and also defended Prime Minister Boris Johnson whose handling of the coronavirus crisis has come under fire.

LONDON: The eurozone’s economic recovery faltered in September as the reimposition of some restrictions on activity to halt a resurgence in the coronavirus sent the bloc’s dominant service sector into reverse, a survey showed. 

KUWAIT: Kuwait’s confirmed coronavirus cases increased by 567 to 107,592 with four people having succumbed to the disease, raising the death toll to 628 in the past 24 hours, the health ministry said yesterday. 

LONDON: Prime Minister Boris Johnson said yesterday that Britain “can prosper mightily” without a post-Brexit trade deal with the European Union, the day after agreeing to extend stalled talks with Brussels. 

WASHINGTON: One US presidential candidate wants to raise taxes, the other lower them. One will pursue an ongoing trade war, the other may throttle back tensions. And neither will get much done without Congress’s approval. 

KUWAIT: Kuwait Financial Centre “Markaz” recently released its Monthly Markets Review report for the month of September 2020. Markaz report stated that, most GCC equity markets ended the month in green despite concerns of economic recovery amid threat of second wave of COVID-19 and fall in oil prices.