KUWAIT, Sept 26 (KUNA) -- In line with its efforts to enhance transparency, disclosure, and provide reliable information and statistics related to the Kuwaiti financial and banking sector, the Central Bank of Kuwait (CBK) has issued its Financial Stability Report for the year 2023.

KUWAIT: Gulf Bank reaffirms its commitment to promoting sustainability within the community and encouraging widespread participation in sports through its continued collaboration with Suffix Event Management Company.

HANOVER: Union leaders threatened strikes and warned Volkswagen on Wednesday against an “historic mistake” as the two sides started pay talks that will likely determine how aggressively Europe’s biggest automaker pursues layoffs and plant closures in Germany.

BEIJING/HONG KONG: China’s central bank has shifted to a more aggressive easing stance, but its policy weapons don’t have the key enemy to economic growth in their line of sight: the persistently weak consumer demand.

LOS ANGELES/NEW YORK: US companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct 1 strike that could jam supply chains and reignite inflation ahead of the US presidential election.

NEW YORK: World leaders on Tuesday called for far more investment in renewable energy to tackle climate change, with developing nations saying they need financial support to make the transition.

Kuwait has long been famous for its oil resources and now finds itself in a situation where diversifying its economy is crucially important due to the unpredictable fluctuations in oil prices and the worldwide trend, towards sustainable energy sources.

TOKYO: Political uncertainty and the surprise prominence of a reflationist-minded candidate in Japan’s ruling party leadership race may add pressure on the central bank to go slow on raising interest rates further away from historic lows.

PARIS: The OECD on Wednesday slightly raised its world economic growth forecast for 2024 but called for higher property and environmental taxes to combat soaring debt in many countries.