KUWAIT: Nobel Prize winner Harry Markowitz famously said, “Diversification is the only free lunch in finance.

SAN FRANCISCO: Elon Musk met with Argentine President Javier Milei on Friday at a Tesla plant in Austin, Texas, posting a picture of the pair happily giving thumbs-up signs. 

WASHINGTON: The IMF executive board confirmed Friday that it had reappointed Kristalina Georgieva to serve for a second five-year term at the helm of the international financial institution. 

LONDON: The Bank of England (BoE) said Friday it would implement a “substantial upgrade programme” to improve its economic forecasting, after a probe found it had “deteriorated significantly” in recent years. 

NEW YORK: Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.

KUWAIT: As part of its ongoing commitment to reward its customers, Gulf Bank has announced the 10 monthly winners of the AlDanah account draw for March 2024.

TOKYO: One in five Japanese households by 2050 will be elderly people living alone, a new study said, as Japan scrambles to find how to effectively care for its greying population.

KUWAIT: LuLu Hypermarket, the region’s leading retailer, hosted a prize distribution ceremony on 13 April at its Al Rai outlet for winners of its ‘Hala Shop and Win’ promotion, which was held from 1 February to 16 March at all outlets of the hypermarket.

KUWAIT: National Bank of Kuwait (NBK) was named the Best Bank in the Middle East for ESG-Related Loans in 2024, as announced by Global Finance in its fourth annual Sustainable Finance Awards.