LONDON: Britain’s economy stagnated in the third quarter, official data showed Friday, weighed down by elevated inflation and interest-rate hikes.

UNITED NATIONS: The socioeconomic “shock” of the Zionist entity’s war on Gaza will force hundreds of thousands of Palestinians into poverty, a UN report on the conflict’s possible long-term impacts on Gaza and the West Bank warned on Thursday.

WASHINGTON: The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday.

KUWAIT: Recognizing its keen endeavors to adopt the most advanced banking services and solutions, National Bank of Kuwait (NBK) was named as “Market Leader” and “Best Service Provider” of Cash Management in Kuwait in Euromoney Cash Management Survey for Non-Financial Institutions 2023, which is considered a benchmark survey for the global cash management industry.

WASHINGTON, Nov 11 (KUNA) -- The credit ratings agency Moody's reduced its outlook on the US government from stable to negative, citing division in Washington DC and risks to the nation's fiscal strength.

BRUSSELS, Nov 11 (KUNA) -- The European Commission Saturday welcomed the agreement between the European Parliament and the Council of the European Union on the EU budget for 2024.

Kuwait: Under its strategic partnership with the Kuwait Dive Team, and in a step to foster more environmental awareness and action, Zain has joined the team’s recently launched 9th beach cleanup campaign.

CIRATA: Indonesia inaugurated a $100 million floating solar farm on Thursday, the largest in Southeast Asia, as it seeks more opportunities to transition to green, renewable energy.

BRUSSELS: The European Court of Justice’s top legal advisor recommended Thursday scrapping a previous Apple victory against Brussels in a 13-billion-euro ($14-billion) tax case, a blow to the iPhone-maker in a long-running legal saga.