London: The dollar on Wednesday reached the highest level in 20 years against a basket of major rival currencies with traders seeking safety as Russia escalates operations over Ukraine.

London: Britain on Wednesday launched a six-month plan starting in October to pay about half of energy bills for businesses, as Prime Minister Liz Truss seeks to stop companies going under as a result of rocketing prices.

BERLIN: Germany has reached a deal to nationalize troubled gas giant Uniper, the government said Wednesday, as the energy sector reels from the fallout of Russia’s war in Ukraine.

COTONOU, Benin: His Toyota Matrix has driven the equivalent of four times around the world and it would never pass an inspection in Europe.

MANILA: The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices.

The Governor of the Central Bank of Kuwait (CBK), Basel A Al-Haroon, stated that the CBK decided to raise the discount rate by 0.25% from 2.75% to 3.00% effective September 22, 2022.

By Majd Othman

KUWAIT: IKEA is celebrating life by creating extraordinary moments that happen in ordinary day-to-day situations.

WASHINGTON: On Sutton Page’s ravaged cotton fields, there is almost nothing left to pick. The Texas farmer managed to salvage maybe a fifth of his crop, but the rest was lost to the severe drought that has taken a steep toll across the region.

STOCKHOLM: Sweden’s central bank announced Tuesday a big interest rate increase to combat decades-high inflation ahead of more hikes expected by its peers in the United States and Britain later this week.