KUWAIT: Chief of the Prime Minister’s Office Abdulaziz Dakhil Al-Dakhil on Tuesday announced the launch of the advisory economic unit headed by His Highness the Prime Minister and including representatives of the concerned government agencies.

ISTANBUL: The founder of cryptocurrency exchange Thodex, suspected of having fled Turkey with the assets of his clients, has been arrested in Albania, the Turkish interior ministry said on Tuesday.

PARIS: The cost-of-living crisis pushing millions of people towards poverty in Europe is driven by fossil fuels, according to a leading Earth systems scientist, who has warned that global heating risks causing runaway climate change.

NEW YORK: Indian industrialist Gautam Adani became the world’s third-richest person on the Bloomberg Billionaires Index on Tuesday, the first time an Asian has ranked in the top three.

LAHORE/WASHINGTON: Catastrophic monsoon floods in Pakistan have sent food prices skyrocketing, putting many staples out of the reach of the poor as the cash-strapped nation battles shortages.

By Majd Othman

KUWAIT: Have you ever heard the term financial stability and wondered what it means? And how it helps countries grow their economies?  In an interview with Kuwait Times, economist Marwan Salamah explained the meaning of the term and its significance and implications in the financial world today.

OSLO: Billionaire tech entrepreneur Elon Musk, who has fathered 10 children, said on Monday the world needs to “make more babies” — and keep digging for oil. The richest man on the planet, who has repeatedly warned that low birth rates posed a “danger” to civilization, said ahead of an energy conference in Norway that the world is facing a “baby crisis”.

BAMAKO: Under a blazing sun in Mali’s capital, Amadou Menta leant over to measure a gutter then jotted down the results on a mapping app on his smartphone.

MADRID: With Europe facing a major energy crisis, Spain wants to become the new gateway for gas through an ambitious trans-Pyrenees pipeline and is hoping supply-starved Germany will pressure a reluctant France.