KUWAIT, Aug 13 (KUNA) -- Gold prices fell down to USD 1,914 an ounce by the end of last week's trading, stabilizing to the monthly lowest of USD 1,920 per ounce backed by the dollar's strong performance and US treasury bonds revenue.

WASHINGTON: US economic growth and wage gains should “serve as a source of resilience” moving forward even if the economy continues to cool, Treasury Secretary Janet Yellen said in remarks released Friday.

LONDON: Britain’s economy expanded slightly over the second quarter thanks to strong output in June and despite inflation remaining high, official data showed Friday. 

MILAN: Italian Prime Minister Giorgia Meloni’s government watered down its surprise windfall tax on banks this week after a brutal market reaction, but the damage to investor confidence was done.

BEIRUT: More than half of young Arabs in north Africa and the Levant say they are actively trying to emigrate or considering leaving their home countries in search of better jobs abroad, a research shows.

BEIRUT: A preliminary forensic audit of Lebanon’s central bank by professional services firm Alvarez & Marsal (A&M) has painted a damning picture of the institution under long-serving former governor Riad Salameh.

PARIS: The International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in 2023 as demand is “scaling record highs”.

NEW YORK: A US federal judge on Friday ordered FTX founder Sam Bankman-Fried back to prison less than two months before his trial on fraud charges, revoking the disgraced cryptocurrency tycoon’s bail over alleged attempts to tamper with witnesses.

WASHINGTON: The US government said Friday it will spend up to $1.2 billion for two pioneering facilities to vacuum carbon out of the air, a historic gamble on a still developing technology to combat global warming that is criticized by some experts.