LONDON: Oil prices continued to slide on Thursday on demand concerns as China, the world’s second-largest economy and the top importer of fuel, went on enforcing strict COVID-19 related restrictions amid an increase in the number of infections in the country.

Moscow: Gazprom said Friday that a gas pipeline to Germany due to reopen at the weekend would remain shut until a turbine is repaired, cutting off indefinitely a key supply route to Europe.

BRUSSELS: The eurozone inflation rate hit a new record in August, official data showed on Wednesday, increasing pressure on the European Central Bank to hike rates to tame Ukraine war-fuelled prices.

Kuwait: Zain, the leading digital service provider in Kuwait, signed a partnership agreement with TOD, the all-new game-changing entertainment and sports platform in the MENA region.

BEIJING: China’s factory activity shrank in August for the second month in a row, official data showed Wednesday, as the sector was hit by strict zero-COVID restrictions and extreme heat.

WASHINGTON: American employers ratcheted back their hiring in August, which slowed for the second straight month, according to data Wednesday from payroll firm ADP.

LONDON: Eurozone stocks rebounded Tuesday from recent losses, but London gains were capped as investors played catch-up after a long weekend.

KUWAIT: Figures issued by the Central Bank of Kuwait Tuesday showed that the broad money supply (N2) increased by 0.1 percent last July (monthly) to reach about KD 41.7 billion (about $137.6 billion).

LONDON: High-speed train operator Eurostar has decided to stop direct services from London to Disneyland Paris from next summer, citing fallout from both Brexit and COVID.