LONDON: The London stock market and the pound bounced on Thursday after British Prime Minister Liz Truss announced her resignation following disastrous policies that rocked the markets for weeks.

London: The British pound sank against the dollar Friday on political uncertainty after the resignation of UK Prime Minister Liz Truss, while weak economic data added to the turmoil.

London: British inflation jumped back above 10 percent in September on soaring food prices, official data showed Wednesday, with the country gripped by a cost-of-living crisis bedevilling the government.

KUWAIT: Boubyan Bank has announced operating profits of approximately KD 79 million during the period  ended  September 2022, while continuing to allocate provisions amounting to KD 31 million, thereby recording net profits of KD 49 million; approximately at a growth rate of 52 percent compared with last year, with an  earnings per share of11.8 fils.

HONG KONG: Hong Kong’s leader unveiled plans to resuscitate the business hub’s fortunes on Wednesday, hoping to lure back international expertise after an exodus of talent-but he vowed no let-up in a political crackdown that has transformed the city.

WASHINGTON: President Joe Biden will announce Wednesday he’s putting the final 15 million barrels on the market from a record release of US strategic oil reserves, with more releases possible if energy prices spike, a senior US official said.

By Sajeev K Peter

KUWAIT: A 20-member business delegation from India held a networking event at the Indian Embassy on Monday, seeking to enhance trade relations between Kuwait and India and explore fresh business opportunities in Kuwait.

LONDON: As the sun beat down on Tuesday on the English seaside resort of Brighton, gathering union leaders warned of mass winter strikes in the face of Britain’s cost-of-living crisis. The Trades Union Congress (TUC) conference kicked off with demands that embattled Prime Minister Liz Truss step down.

KUWAIT: Tim Hortons conducted its market grand opening in the presence of CEO of AG Cafe, the master franchisee of Tim Hortons brand in the Middle East Hesham Almekkawi and Ambassador of Canada to the State of Kuwait  Mawani.