NEW YORK: A prolonged drought is shrinking livestock herds and driving beef prices to record highs in the US, even as consumption is growing stronger.

BRUSSELS: Trade deal negotiations between European Union and Australia have collapsed despite earlier optimism, with the two sides exchanging blame on Monday for their failure.

LONDON: World oil prices sank Monday as traders hoped a region-wide conflict could still be avoided. European equities rose as the sliding oil market lifted hopes that the US Federal Reserve and the Bank of England will opt for no-change when they announce their latest interest-rate decisions on Wednesday and Thursday respectively.

KUWAIT: As part of its unwavering dedication to nurturing young talents and attracting the best Kuwaiti candidates, Gulf Bank successfully concluded its sponsorship and active participation in the second edition of the “Watheefti” exhibition.

FRANKFURT: German output shrank slightly in the third quarter, official data published Monday showed, as high interest rates, elevated energy costs and a manufacturing slowdown continued to batter Europe’s largest economy.

BRISBANE, US: Scrubbing carbon dioxide from the air is imperative if humanity is to limit global warming, experts say, and a California startup says it can do just that, using limestone as a carbon-sucking sponge.

KUWAIT: Kuwait’s total population reached 4.82 million in H1 2023 (+8 percent y/y), finally topping its pre-pandemic level, on a steady but slowing rise in the number of Kuwaitis (+1.9 percent to 1.53 million) and a more marked gain in the number of expatriates (+11 percent y/y to 3.3 million), according to test demographic data from the Public Authority for Civil Information (PACI).

WASHINGTON, Oct 30 (KUNA) -- US General Motors (GM) and the United Auto Workers (UAW) union have reached a tentative labor agreement that could bring an end to the union's six-week strike, according to reports Monday.

KUWAIT, Oct 30 (KUNA) -- Kuwait's Direct Investment Promotion Authority (KDIPA) issued on Monday its report for the fiscal year 2022/2023, a routine measure the body takes as part of its contributions towards national development plans.