WASHINGTON: The latest US payrolls report did little to settle the debate about where the job market is headed, with ample fodder for both “soft-landing” believers and doubters over whether the Federal Reserve can tame inflation without sending millions of workers onto the jobless rolls.

KUWAIT: Continuing its commitment to promote social sustainability, Gulf Bank recently organized its annual Kids Day, inviting over 150 children of its employees to join them at work.

KUWAIT: Oil markets sold off heavily in May amid easing geopolitical risk premiums and intensifying concerns about the impact on oil demand of higher-for-longer interest rates. Brent futures closed the month down 7.1 percent m/m at $81.6/bbl (+5.9 percent ytd).

WASHINGTON: With major Tesla shareholders appearing divided over whether to endorse Elon Musk’s $56 billion pay package, the company also is looking for support from retail investors who make up an unusually high percentage of the electric carmaker’s ownership base.

KUWAIT: Boursa Kuwait announced the listing of Beyout Investment Group (BIG) Holding Company in its “Premier” Market, where the trading of the company’s shares are set to commence from the opening trade session of June 11, 2024 under the ticker symbol ‘Beyout’.

TOKYO: Japan’s economy contracted less than initially reported in January-March on upward revisions to capital spending and inventory data, lending modest support to the central bank’s plans to raise interest rates again this year.

ISLAMABAD: Pakistan’s central bank cut its key interest rate by 150 basis points on Monday in a widely expected move, marking its first rate reduction in nearly four years in its effort to boost growth amid a sharp decline in retail inflation.

ZURICH: The Swiss National Bank’s supervisory board is in the final stages of deciding its candidate to replace outgoing Chairman Thomas Jordan, people familiar with the matter have told Reuters.

WASHINGTON: The United States is merrily chipping away at the pillars that hold up the dollar as the world’s reserve currency, with the latest blows coming from some powerful Americans questioning the rule of law following the conviction of Donald Trump.