LAS VEGAS: Xiaoyu Fan smiled as she looked around a bustling China Pavilion at the Consumer Electronics Show Wednesday as gadgets like bladeless fans were displayed and deals were being made.

WASHINGTON: The global economy is “poised for a soft landing,” an IMF spokesperson said Thursday, predicting that inflation around the world will continue to subside without causing a damaging recession.

Washington: Washington announced new sanctions Friday on two companies in Hong Kong and the United Arab Emirates, moving to crack down on the financial network funding Iranian-backed Huthi rebels in Yemen.

New York: Citigroup plans to cut 20,000 jobs over the next couple of years as part of a corporate reorganization designed to boost profits and return cash to shareholders, the US bank said Friday.

WASHINGTON, Jan 11 (KUNA) -- The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in December on a seasonally adjusted basis, after rising 0.1 percent in November, the US Bureau of Labor Statistics (BLS) reported on Thursday.

KUALA LUMPUR, Jan 11 (KUNA) -- Malaysia and Singapore signed on Thursday a MoU to develop a special economic zone in the state of Johor, bordering Singapore.

ISTANBUL, Jan 11 (KUNA) - The Turkish lira on Thursday hit a fresh record low against the US dollar as a result of inflation, with the greenback traded at 30 liras.

KUWAIT, Jan 11 (KUNA) -- The Arab gross domestic product (GDP) grew by 1.8 percent to USD 3.5 trillion in 2023, in conjunction with the growth of the global economy by three percent in the same year, said the Arab Investment & Export Credit Guarantee Corporation (Dhaman).

TOKYO, Jan 11 (KUNA) -- Tokyo stocks extended their winning streak for a fourth straight session on Thursday, with a key index ending above the 35,000-mark for the first time in nearly 34 years.