WASHINGTON: US consumer spending increased slightly less than expected in August, but that did little to change expectations that solid economic growth persisted in the third quarter, while the annual rise in prices was the smallest in just over 3-1/2 years.

FRANKFURT: Auto giant Volkswagen cut its 2024 forecasts Friday, as it battles a deep crisis that it has warned could prompt the closure of factories in Germany for the first time.

TOKYO: Her white-gloved, waistcoated uniform impeccable, 22-year-old Hazuki Okuno boards a bullet train replica to rehearse the strict protocols behind the smooth operation of a Japanese institution turning 60 Tuesday.

NEW YORK: Investor hopes for a soft landing for the US economy will be put to the test next week, as the government releases closely watched labor market data following a series of disappointing jobs reports.

The global economic landscape has been shaken by a series of interest rate decisions aimed at balancing inflationary pressures with economic growth.

NEW DELHI: India gave the go-ahead on Saturday for exports of non-basmati white rice to resume as inventories in the world’s biggest exporter of the grain surge and farmers prepare to harvest a new crop in the coming weeks.

LONDON: Gold reached record-breaking levels in September, buoyed by a bumper US interest rate cut, fears of rising geopolitical conflict, and an import tax cut in India that has galvanized local demand.

RIYADH, Sept 28 (KUNA) -- The Saudi Exports Development Authority is scheduled to begin a promotion campaign in the neighboring State of Kuwait themed "one country" from September 29 until October 1.

ISTANBUL, Sept 28 (KUNA) -- Turkish President Recep Tayyip Erdogan said on Saturday that his country has become a leading destination for international direct investments.