Kuwait: Price of Kuwait crude oil rose USD 3.10 to USD 89.37 per barrel on Friday compared with USD 86.27 pb on Thursday, Kuwait Petroleum Corporation (KPC) said on Saturday.

BEIJING, China: China said Friday it will remove extra tariffs on Australian barley, in the latest thawing of ties between the two after years of tensions.

VIENNA: A committee of major oil producers recommended Friday to keep the cartel’s current output strategy unchanged after heavyweights Saudi Arabia and Russia extended their cuts despite recovering prices.

PANAMA CITY: The Panama Canal, an engineering wonder allowing ships to travel between two oceans, is seeking to adapt to climate change after a biting drought has seen traffic and income dry up.

BRASILIA: Brazil’s central bank slashed its key interest rate by a larger-than-expected half-point Wednesday, making its first rate cut in three years as emerging economies start to turn toward monetary easing.

SCHONFELD: The European Commission’s proposal to ease current restrictions on genetically modified crops has riled up EU organic farming leader Austria and its farmers.

LONDON: The Bank of England on Thursday hiked its key interest rate for a 14th time in a row, by a quarter-point to 5.25 percent as UK inflation stays high, prolonging a cost-of-living crisis.

BEIRUT, Aug 3 (KUNA) -- Lebanon is able to have "robust" economic growth if it adopts drastic financial and economic reforms, Kuwait's top banker said on Thursday.

KUWAIT, Aug 3 (KUNA) -- Kuwait's Mezzan Holding Company announced on Thursday profits of KD 5.9 million (around USD 19.4 million) in the first half of this year, up 215 percent compared with the corresponding period of last year.