• Heavy snow, freezing rain hobble European travel

    BERLIN: Severe winter weather in northern Europe prompted the cancellation of hundreds of flights Wednesday at Frankfurt airport, Germany’s busiest, while heavy snow in Scandinavia shut down air travel in Oslo for several hours.

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  • IEA chief: Trade barriers can slow energy transition

    DAVOS: Trade barriers can slow the world’s energy transition but commerce also needs to be fair, International Energy Agency chief Fatih Birol said Wednesday, as world powers tussle over the technologies key to fighting climate change.

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  • WTO head ‘less optimistic’ for world trade

    DAVOS: The World Trade Organization’s chief Ngozi Okonjo-Iweala on Wednesday said she was “less optimistic” about world trade in 2024, pointing to tensions in the Red Sea.

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  • China sees one of its worst years of growth since 1990

    BEIJING: China’s economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global turmoil.

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  • Jakarta-Bandung HSR aims to serve 31,000 passengers per day

    JAKARTA: The Jakarta-Bandung High-speed Railway (HSR), the first of its kind in Indonesia and Southeast Asia, has set a target to serve 31,000 passengers per day throughout this year, said PT Kereta Cepat Indonesia-China (KCIC), a joint venture consortium between Indonesian and Chinese state-owned firms that constructs and runs the HSR, reports Xinhua.

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  • Gulf Bank introduces 15% cashback for Visa credit cardholders

    KUWAIT: To promote the adoption of cutting-edge payment technologies and uphold its commitment to delivering superior services, Gulf Bank is introducing an exclusive promotion for Visa credit cardholders.

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  • Women's health gap costs $1 trillion worldwide: Report

    DAVOS, Switzerland: The huge gap between how women and men's health are treated costs $1 trillion a year worldwide, the World Economic Forum said on Wednesday.

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  • NIC, on behalf of Rawasi, completes 2nd partial purchase transaction in Kuwait

    KUWAIT: National Investments Company (NIC), in its capacity as the partial purchase manager for Rawasi Kuwait Holding Company KSCC, is pleased to announce the successful completion of the partial acquisition of Rasiyat Holding Company KPSC, marking only the second time such a transaction has taken place in Kuwait in compliance with the provisions of book nine of the executive regulations of the Capital Markets Authority’s law no. 7 of 2010 and its amendments.

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  • Stock markets down on rate cut, Middle East uncertainty

    LONDON: Major stock markets dropped Tuesday as hopes of early interest rate cuts this year fade and tensions mount in the Middle East. Equities soared at the end of 2023 as softening inflation saw the Federal Reserve indicate that it was preparing to reverse more than a year of hikes to US interest rates.

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