WASHINGTON: Hiring in the United States slowed in June, the Labor Department said Friday, providing a much-needed signal that the American economy is cooling ahead of another interest rate decision later this month.

KUWAIT: As MENA continues to evolve as a hub for visionary female founders igniting a technological revolution, Forbes Middle East has released its annual ranking of the most successful ‘20 Women Behind Middle Eastern Tech Brands for 2023’.

COLOMBO: The snaking queues for food and fuel that crisscrossed Sri Lanka last year have given way to a different kind of line—people scrambling for travel documents to flee their bankrupt island.

KUWAIT: As part of its keenness to reward its customers, Gulf Bank has launched the “Points, Cash and Summer Splash” campaign for all credit and prepaid cardholders, enabling customers to accumulate more points for their purchases and expenditures during the summer–  locally and internationally –in addition to chances to  win cash prizes up to KD 20,000.

BEIJING: Treasury Secretary Janet Yellen told Chinese Premier Li Qiang on Friday that the United States is not seeking “winner-take-all” competition, in a visit to Beijing aimed at stabilizing fraught ties.

TAIPEI: Taiwan’s chip giant TSMC said Thursday it did not expect any direct effect on production from China’s latest export controls on two rare metals essential for making semiconductors.

EL AGUILA: In a coffee-growing region of Colombia, the world’s third-largest producer, a group of farmers have declared a truce with an indigenous inhabitant they once hunted but now hail—the “Spectacled Bear” of the tropical Andes.

LONDON: Stock markets sank on Thursday as investors fretted over the prospect of more US interest-rate hikes and the risk to the global economy.

KUWAIT, July 6 (KUNA) -- The US dollar against the Kuwaiti dinar on Thursday settled at KD 0.307 and the euro dropped to KD 0.332 compared with Wednesday's rates.