NEW YORK: Lordstown Motors, an electric vehicle startup based in the US state of Ohio, said Tuesday it has filed for bankruptcy protection and is suing Foxconn after a protracted dispute with the Taiwanese electronics giant. Specializing in light-duty all-electric pickups, Lordstown said it had filed litigation against Foxconn for “fraud and willful and consistent failure to live up to its commercial and financial commitments to the Company.

TIANJIN: Chinese Premier Li Qiang slammed efforts in the West to “de-risk” their economies as a “false proposition” on Tuesday, hitting back against US and EU policy aimed at reducing their reliance on China.

TOKYO, June 27 (KUNA) -- Japan and European Union (EU) on Tuesday endorsed the "Japan-EU Digital Trade Principles," while noting that a high level of cooperation has been achieved between Japan and the EU, which share fundamental values, the Japanese Foreign Ministry said.

COLOMBO: Bankrupt Sri Lanka’s government on Monday said it was scrapping plans to export around 100,000 endangered monkeys to China following an outcry and a court case by animal lovers.

BERLIN: German business sentiment fell more than expected in June, a key survey showed Monday, as the clouds gathered over Europe’s largest economy.

ADEN: At a livestock market in war-battered Yemen, goats and sheep meant to be slaughtered for the Muslim Eid Al-Adha holiday are happily munching on hay, instead of leaving with a buyer.

KUWAIT, June 26 (KUNA) -- The US dollar against the Kuwaiti dinar on Monday settled at KD 0.307 and the euro at KD 0.334 compared with Sunday's rates.

Al-Julaibi: Our Strategic Partnerships with Major Brands Continues to Enhance the Company’s Market Value.

KUWAIT: Federal Reserve Chair Jerome Powell delivered a testimony before congressional committees outlining his views on inflation and the economy following the decision to hold rates.