PANAMA CITY: Panama’s President Laurentino Cortizo on Friday announced a ban on new metal mining concessions, but maintained a contract with a Canadian company that has sparked massive protests in the country.

NEW YORK: The US economy is contending with a wave of union activism unseen in decades as organized labor seizes a rare opportunity to play hardball in a tight employment market. Sectors experiencing unrest include automobiles, healthcare, restaurants, defense, airlines, technology and the performing arts.

KUWAIT: Gulf Bank is commencing the subscription process today, October 29, 2023, for the increased issued and paid-up capital of KD 26.1 million. Subscriptions will be open for a two-week period, concluding on Sunday, November 12, 2023.

KUWAIT: Burgan Bank (“Burgan” or “the Bank”) announced its financial results for the nine-month period ending Sept 30, 2023 (9M’23). The Bank reported KD 195 million in revenue for 9M’23, marking a 17 percent year-on-year (y-o-y) growth compared to KD 166 million during the same period in 2022.

RIYADH: As global banking elites attend the Future Investment Initiative forum in Riyadh, a focal point of Saudi Arabia’s economic reforms, AFP takes a look at the vehicle that is bankrolling the transition: The Public Investment Fund.

BERLIN: The European Central Bank left interest rates unchanged at its meeting on Thursday, bringing an end to a series of hikes that started in July last year.

CAIRO, Oct 28 (KUNA) -- The Arab Planning Institute (API) underlined on Saturday it is important to work with, and share expertise and potential with the Egyptian Planning Ministry, in a bid to prop up bilateral cooperation.

ISTANBUL: Turkey’s central bank sharply lifted its policy rate for the fifth month running on Thursday as part of its politically charged battle against historically high inflation rates.

NEW YORK: The US auto workers union reached a tentative agreement with Ford late Wednesday, a breakthrough in a 41-day stoppage on Detroit’s “Big Three” car manufacturers.