NEW YORK: Boeing said Monday it had reached a deal with the US Department of Justice over two fatal 737 MAX crashes, which court papers show would see the aviation giant plead guilty to fraud.

NEW YORK: A double whammy of record heat and hurricanes should test US refiners’ resilience in coming weeks, raising the risk of extremely volatile fuel prices in the middle of the peak travel season, analysts said.

ISTANBUL: China’s electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariffs.

KUWAIT: Burgan Bank announced its latest winner of the semi-annual draw of the Kanz account, during a recent event held at 360 Mall.

KUWAIT: National Bank of Kuwait (NBK) signed a strategic partnership agreement with Software AG technology solutions company that will allow NBK to use the company’s solution as a unified platform to integrate applications and data, across its international locations of KSA, UAE, Bahrain, Egypt, London and France.

  By Hassan Abdulrahim.

The public-private partnership (PPP) approach enables governments to procure and deliver public infrastructure or services by leveraging the resources and expertise of the private sector through risk-sharing arrangements.

SEOUL: Samsung Electronics said Friday it expects second-quarter operating profits to rise more than 15-fold on-year as chip prices bounce back and demand for generative AI continues to grow.

LONDON: Britain’s new Labour government on Friday pledged immediate action to grow the economy after the centre-left party won a landslide general election victory. However, its task could be hampered by strained state finances following huge spending by the previous Conservative administration to protect millions of jobs during the COVID pandemic.

GAZA: Tank tracks still fresh on his field in southern Gaza’s coastal area of Al-Mawasi, Nedal Abu Jazar lamented the damage war has wrought on his trees and crops.