By Majd Othman

KUWAIT: Central Bank of Kuwait Governor Basel Al-Haroon stated that the Central Bank has decided to raise the discount rate by a quarter percentage point from 2.50 percent to 2.75 percent as of August 11, 2022.

PARIS: Generating power from sunlight bouncing off the ground, working at night, even helping to grow strawberries: solar panel technology is evolving fast as costs plummet for a key segment of the world’s energy transition.

KUWAIT: The National Investments Company held Financial Analysts Conference for its H1 2022 results on 9 August, 2022.

SLOVIANSK, Ukraine: The combine harvester lies crippled in a field of eastern Ukraine, surrounded by a blackened patch of cropland.

NEW YORK: In mid-May, Paula Sevilla and her roommates joined the many New Yorkers suffering under the city’s crushing housing crisis, which has seen rents soar in the pandemic’s wake.

Washington: Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.

BERLIN: Germany will offer tax relief worth 10 billion euros ($10.2 billion) to help workers cope with soaring inflation, Finance Minister Christian Lindner said Wednesday.

WASHINGTON: After more than a year, aviation giant Boeing will be allowed to resume deliveries of its 787 Dreamliner aircraft “in the coming days,” after the company made changes to its manufacturing process, US air safety regulators announced Monday.

LONDON: Stock markets mostly retreated and the dollar dropped Tuesday on the eve of key US inflation data.