NEW YORK: In the wake of the latest US banking meltdown, small lenders might appear vulnerable to an exodus of depositors fleeing for larger banks. US banking rules guarantee deposits of up to $250,000, meaning that customers with larger holdings face losses if the bank goes under.

CHOLUTECA, Honduras: On the Pacific coast of Honduras, thousands of people working in the shrimp farming industry are worried about their futures following the government’s decision to break diplomatic ties with their largest export market: Taiwan.

PARIS: While conflict and inflation will dominate World Bank spring meetings next week, campaigners are pushing for a redesign of global financial architecture to help countries cope with climate change.

WASHINGTON: US Treasury Secretary Janet Yellen expects the world’s biggest economy will continue to grow, despite heightened recession concerns following recent turmoil in the banking sector.

Beijing: Zhang Yiming, the founder of TikTok parent company ByteDance, saw his personal fortune fall by $17 billion last year, according to a new Chinese ranking published Thursday.

KUWAIT: Kuwait’s population increased in 2022, reversing the decline seen in the last three years and almost reaching near its 2019-peak.

MOSCOW: The resilience of Russia’s economy has over the past year surprised many observers as Moscow adjusts to unprecedented Western sanctions over its assault on Ukraine.

KUWAIT: The National Investments Company (NIC) recently received the ‘Best Wealth Management Company in Kuwait’ award for 2023, under the category of ‘Best for Ultra’ (high networth individuals in Kuwait), by Euromoney International.

BRUSSELS, March 6 (KUNA) -- Belgian exports to the six-member Gulf Cooperation Countries (GCC) went up by 23.9% in 2022, from 6.73 billion euro (USD 7.34 billion) in 2021 to 8.34 billion euro (USD 9,09 billion) in 2022, according to official figures.