WASHINGTON: The US trade deficit continued to grow in October due to a fall in exports, according to government data published Wednesday. The overall trade gap of the world’s biggest economy rose by 5.1 percent to $64.3 billion, up from a revised $61.2 billion in September, the Commerce Department said in a statement.

GENEVA: Airlines should carry a record number of passengers next year as the sector puts the COVID-19 pandemic behind it, the industry’s top trade association said Wednesday, although profitability remains a concern.

LONDON: The Bank of England on Wednesday said its multiple interest-rate hikes aimed at cooling high inflation would prolong a cost-of-living crisis but stressed UK retail banks could contain the fallout.

BANGKOK: Major airport expansion projects are taking off across Thailand, Cambodia and Vietnam, and a new airline is set to launch next year—all banking on an expected boom in air travel in Southeast Asia, fuelled by Chinese and Indian tourists.

By Khaled Al-Shammari RIYADH, Dec 6 (KUNA) -- The 67th session of the Arab Organization of Supreme Audit Institutions (ARABOSAI)'s Executive Council kicked off in the Saudi capital Riyadh Wednesday with the participation of the State Audit Bureau of Kuwait.

RIYADH, Dec 6 (KUNA) - Saudi Crown Prince and Prime Minister Mohammad bin Salman Al-Saud affirmed the Kingdom's keenness to implement structural reforms in the financial and economic sectors, as well as accelerate the rate of sustainable economic growth by Vision 2030.

DUBAI, Dec 6 (KUNA) -- Kuwait Public Authority for Industry (PAI) underlined Wednesday on the importance of participating in international exhibitions specialized in the field of building and construction to build partnerships and consolidate ties with relevant companies and organizations, as well as promoting local factories globally.

KUWAIT, Dec 6 (KUNA) -- The exchange rate of the US Dollar on Wednesday stood at KD 0.308 while the Euro dropped to KD 0.332, compared to Tuesday's rates, said the Central Bank of Kuwait (CBK).

News Feature by Fawaz Al-Otaibi BEIRUT, Dec 6 (KUNA) -- Lebanon has been suffering from severe multi-aspect crises since 2019 when dramatic fall of the national currency value began; however, experts believe that there are some exits out of the bleak tunnel.