WASHINGTON: The US economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer spending, the Commerce Department reported on Thursday.

LONDON: Rising global oil inventories through April due to soft fuel demand may strengthen the case for OPEC+ producers to keep supply cuts in place when they meet on June 2, OPEC+ delegates and analysts say.

KUWAIT: Zain Group, in partnership with Huawei, successfully held a two-day Mobile Tech Forum on May 26 at the Four Seasons Hotel, Kuwait accompanied by an exhibition of innovative technologies at Zain’s Innovation Campus (ZINC) on May 27. As a leading telecom operator in the Middle East and Africa, Zain continues to pioneer in deploying 5G technology and beyond, demonstrating its commitment to technological excellence.

PORTSMOUTH, England: British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can’t commission the vessel until it gets a power upgrade.

WILMINGTON, Delaware: Tesla shareholders will vote on June 13 to ratify Elon Musk’s $56 billion pay package, which a Delaware judge voided in January because she found he improperly controlled the process.

DOHA, May 30 (KUNA) -- Kuwait is eager to boost joint coordination and collaboration with GCC member states in all economic domains, Kuwaiti Minister of Finance and Minister of State for Economic Affairs and Investment Anwar Al-Mudhaf said on Thursday.

DOHA, May 30 (KUNA) -- Secretary General of the Gulf Cooperation Council (GCC) Jasem Al-Budaiwi underlined Thursday the significance of the 121st GCC Financial and Economic cooperation committee meeting held in Doha earlier in the day.

KUWAIT, May 30 (KUNA) -- Kuwait Fund for Arab Economic Development signed on Thursday a loan agreement with Rwanda worth KD six million (about USD 19.5 million) to finance a road project in the City of Muhanga.

KUWAIT, May 30 (KUNA) -- Kuwait and Pakistan on Thursday signed a bilateral agreement to ratchet up industrial cooperation, a deal hailed by Commerce Minister Omar Al-Omar as a step aiming to push forward economic diversification plans.