London: Britain’s under-fire finance minister Kwasi Kwarteng has promised to unveil “a credible plan” to lower government debt as he defended his contentious mini-budget that led to market turmoil.

NEW YORK: The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of a severity not seen since the 1997 Asian financial crisis reverberated around the world.

By Majd Othman

KUWAIT: An exhibition of Chinese cars titled ‘Dragon Gear 2022’ commenced on Sept 28 and will continue until Oct 8 at 360 Kuwait.

KUWAIT: Under the patronage of Dr Rana Abdullah Al-Fares, Minister of State for Municipal Affairs, Minister of State for Communications and Information Technology Affairs, and Acting Minister of State for Housing and Urban Development, the 9th eGovernment Forum will be held from 23 to 25 October under the motto “eGovernment is a Pillar of Comprehensive Development Renaissance.”

Frankfurt: German inflation accelerated sharply in September on the back of rocketing energy prices, official data showed Thursday, heaping fresh pressure on consumers in Europe’s top economy.

Washington: IMF chief Kristalina Georgieva met with Malawi’s President Lazarus McCarthy Chakwera on Thursday and committed to provide support to the country, as it faces economic challenges and “unsustainable” public debt.

Kuwait: The consumer prices on an annual basis grew by 4.15 percent in August, according to the State of Kuwait Central Statistical Bureau.

Kuwait: Kuwait Petroleum International (KPI), Q8Aviation, the jet fuel subsidiary of the company, signed an agreement with the leading European carrier, EasyJet, to support all its sustainable aviation fuel (SAF) requirement over the next five years.

RIYADH: Oman and the United Arab Emirates inked on Wednesday an agreement on establishing a joint railway company at projected investments worth some $3 billion, according to Oman News Agency, OMNA.