FRANKFURT: European Central Bank president Christine Lagarde pledged to reduce high inflation in the eurozone as the institution that safeguards the euro marked its 25th anniversary. 

WASHINGTON: Ratings agency Fitch has put the United States on notice that its perfect credit rating could be jeopardized if the White House and Republican opposition fail to overcome their impasse on raising the nation’s borrowing limit, a week before a key deadline.

UNITED NATIONS: A United Nations-backed conference has raised $2.4 billion to prevent famine in the Horn of Africa, which is reeling from its worst drought in decades as global temperatures rise.

BEIRUT: A Lebanese judge has banned the country’s central bank governor Riad Salameh from travelling, days after Beirut received an Interpol Red Notice following a French arrest warrant, a judicial official said Wednesday.

SINGAPORE: Singapore’s economy posted better-than-expected results in the first quarter of 2023, official data showed Thursday, but the government warned that the global outlook remains gloomy.

Washington: Democrats and Republicans inched towards a deal Friday, ahead of a long weekend, to extend the US debt ceiling and avoid a crippling default that could hit the world’s biggest economy within days.

RIYADH, May 25 (KUNA) -- Saudi-Iraqi coordination council on Thursday affirmed intent on bolstering relations between the two nations across various fields.

KUWAIT, May 25 (KUNA) - The money supply (M3) decreased by 0.2 percent last April on a monthly base to reach KD 39.4 million (about USD 130 million), said Kuwait Central Bank on Thursday.

KUWAIT, May 25 (KUNA) -- Kuwait's stock exchange, known as Boursa Kuwait, announced on Thursday the cancellation of the listing of Ahli United Bank (AUB) shares, based on the Capital Markets Authority (CMA) board of commissioners.