Kuwait: Two Kuwaiti oil analysts said on Sunday that global oil prices lost 8 percent of its value during last week due to fears of economy slowdown and US Energy Information Administration (EIA) that showed rise in oil stocks.

MBOMBELA, South Africa: Millions of boxes of oranges are spoiling in containers stranded at European ports as South Africa and the European Union lock horns in a dispute over import rules, citrus growers have said.

MUNICH: The more the sun shines in the southern German town of Aurach, the more likely it is that Jens Husemann’s solar panels will be disconnected from the grid-an exasperating paradox at a time when Germany is navigating an energy supply crisis.

KUWAIT: Executive Chairman of Alghanim Industries Kutayba Y Alghanim said on Sunday that the Group is considering the idea of listing a minority stake on the Boursa Kuwait’s Premier Market.

BRUSSELS: EU sanctions against Russia do nothing to prevent the delivery of pipeline turbine, an EU spokesman said Friday, accusing Moscow of fabricating an excuse to cut off gas supplies.

MUMBAI: The world is gripped by recession fears, jet fuel prices are sky-high, and aviation is a notoriously fickle industry. But the billionaire dubbed “India’s Warren Buffett” is launching an airline on Sunday.

WASHINGTON: The US jobs market grew much faster than expected in July, lifting employment back to pre-pandemic levels, in news welcomed by President Joe Biden as he faces tough midterm elections-but which also fuels concerns over sky-high inflation.

London: The Bank of England unleashed its biggest interest rate hike since 1995 on Thursday and forecast inflation will top 13 percent later this year when the economy will enter a year-long recession.

KUWAIT: National Investments Company has announced its financial results for H1 2022, including an analytical overview of the company’s performance and financial position from the beginning of the year until 30 June 2022.