VIENNA: Rene Benko’s real estate giant Signa—whose vast portfolio includes New York’s iconic Chrysler building—on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon.

PHNOM PENH, Cambodia: Cambodia is scrapping plans for a $1.5 billion coal project as crunch climate talks get under way in Dubai, the country’s energy minister told AFP on Wednesday.

PARIS: The world economy is likely headed for a soft landing next year, the OECD said Wednesday as it pared back its growth forecast, but warned the Zionist entity-Hamas conflict could throw a spanner in the works.

NASIRIYAH, Iraq: For the past decade, Nasser Jabbar and his children have lived in a rundown house built of grey concrete blocks at a shantytown in southern Iraq.

VIENNA, Nov 29 (KUNA) -- Kuwait is drawing up a plan to adopt circular economy in industrial process as part of the country's national vision for varied and sustainable economy, said Kuwait's Ambassador to Austria.

WASHINGTON, Nov 29 (KUNA) -- The US real gross domestic product (GDP) increased at an annual rate of 5.2 percent in the third quarter of 2023 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis on Wednesday.

KUWAIT, Nov 29 (KUNA) -- The fourth Kuwaiti Knowledge Economy Forum and the 25th meeting for GCC technical officials for planning and development will explore venues for cooperation and review development visions in the region, said a top Kuwaiti development official, Wednesday.

LONDON: British airline Virgin Atlantic on Tuesday piloted the first long-haul flight powered entirely by Sustainable Aviation Fuel (SAF), an event environmental groups labeled “greenwashing”.

PARIS: Climate change is already shaving billions off the world’s economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations.