BEIJING: Apple’s new iPhone 16 failed to excite investors with long-expected AI features still in test mode even as an industry-first tri-fold phone from Huawei raised the stakes in a battle to dominate the global smartphone market.

NEW YORK: Wall Street is anticipating a hit to corporate earnings and the stock market if Democratic presidential candidate Kamala Harris wins in November and enacts promised tax increases.

BANGKOK: China’s planned expansion of coal mining threatens the country’s climate goals and risks vastly increasing its methane emissions, a study warned on Tuesday.

LONDON: The main international oil contract, Brent crude, fell below $70 per barrel on Tuesday for the first time since December 2021 amid concerns about slowing economic growth depressing fuel demand.

BRUSSELS: The EU’s top court on Tuesday delivered two major victories in the bloc’s battle to rein in tech giants by ruling against Apple and Google in separate legal sagas with billions of euros at play.

Report by Reem Al-Darawi KUWAIT, Sept 10 (KUNA) -- The Kuwait Fund for Arab Economic Development (KFAED) has launched numerous initiatives throughout the past 50 years granting and loaning millions of dollars to the UN and international organizations, which contributed to sustainable development in many countries.

BERLIN, Sept 10 (KUNA) -- German inflation fell on August to its lowest level in three years, as the inflation rate was 1.9 percent on the same month last year, the Federal Statistic office reported, Tuesday. Report by the office shows that in August the decline was due to Germany energy prices dropping to 5.1 percent, services by 3.9 percent, and food prices by 1.5 percent, compared to August 2023.

KUWAIT: Burgan Bank announced Monday the names of the Kanz account monthly draw winners, who will each take home a KD 2,000 cash-prize.

FRANKFURT: The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves.