LONDON: At an east London church on a bitterly cold winter’s day, Beautine Wester-Okiya picks her way through boxes of donated baby clothes, toys and other assorted items destined for local people battered by the UK’s cost-of-living crisis.

NEW YORK: Persistent supply chain woes and staffing issues led to another quarterly loss at Boeing, but the company on Wednesday confirmed its 2023 outlook amid strong aviation demand.

By Majd Othman

KUWAIT: Kuwait Airways will acquire the “T4” building after renting it out for about KD 1 million annually, said Captain Ali Al-Dukhan, chairman of the board of directors at Kuwait Airways Company (KAC) during a press conference held by the company to announce its 2022 financial results.

Kuwait: Zain, Kuwait’s leading digital service provider, unveiled its all-new MAX Internet plans, redefining a new generation of Internet and entertainment plans for postpaid customers.

ABU DHABI: The Abu Dhabi Department of Economic Development (ADDED) announced that the UAE’s Capital will host the 2023 Fortune Global Forum from 27 to 29 November, for the first time in the Middle East and North Africa (MENA).

MUMBAI: Asia’s richest man Gautam Adani saw his net worth drop $6 billion on Wednesday after a US investment firm accused him of “brazen stock manipulation and accounting fraud”.

KUWAIT: The Governor and the Chairman of the Board of Directors of the Central Bank of Kuwait (CBK), Basel A Al-Haroon stated that the CBK Board of Directors decided to raise the discount rate by 0.50 percent from 3.5 percent to 4.0 percent effective January 26, 2023.

LONDON: The UK government’s debt almost tripled last month as it subsidizes gas and electricity bills to protect Britons from high energy costs following producer Russia’s invasion of Ukraine.

FRANKFURT: Europe’s economy grew in January for the first time since June, a closely watched survey showed Tuesday, raising hopes that the eurozone will avoid a recession this winter.