BRUSSELS: Growing farmer protests in Europe and opposition from France have hit prospects for an EU-South America trade deal under negotiation for nearly a quarter of a century, though Brussels insisted Tuesday it was still trying to get it over the line.

KUWAIT: In today’s global economy, the presence of “black money” and the informal economy cannot be ignored. The existence of unreported or unregistered activities, both legal and illegal, creates a shadow economy that operates outside the boundaries of official regulations.

WASHINGTON: The IMF announced Tuesday it has raised its 2024 global growth forecast to 3.1 percent, citing unexpected “resilience” in major advanced and emerging market economies around the world.

RIYADH: Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning a planned increase, the firm said on Tuesday.

KUWAIT: Kuwait International Bank (KIB) concluded another year that testifies to the Bank’s relentless commitment to its slogan and institutional promise, “Bank for Life”.

There is little doubt that 2023 was the year of Artificial Intelligence (AI).

BRUSSELS: The EU has reached an agreement on a first step towards tapping profits from frozen Russian assets to help pay for rebuilding war-ravaged Ukraine, officials said.

OSLO: Norway’s sovereign wealth fund, the world’s biggest, said Tuesday it raked in a record profit of 2.2 trillion kroner ($213 billion) last year, driven largely by US tech stocks.

Kuwait: Zain announced its sponsorship of the smart net-zero bus stop project in collaboration with the Australian University (AU).