LONDON: The Bank of England unleashed Thursday its biggest interest rate hike since 1995 as it forecast inflation topping 13 percent this year and warned of a looming year-long recession.

Washington: US job growth surged in July, as the economy added a surprising 528,000 positions, defying all expectations of a slowdown, according to official data Friday.

KUWAIT: Kuwait exported the first shipment of low-sulfur, low-aromatic gasoline (car fuel) which meets international environment standards, Kuwait National Petroleum Company (KNPC) announced Wednesday.

WASHINGTON: US households have continued to take on more debt, in part to deal with soaring prices, a report showed Tuesday, while cases of borrowers unable to pay loans are creeping up in a troubling sign of things to come.

HARARE: For years, selling eggs was a joyless business for Danai Bvochora, as most of the money she made went to cover minibus fares to the market in a rural area of Zimbabwe.

BERLIN: German Chancellor Olaf Scholz on Wednesday raised the possibility of keeping nuclear plants going as he accused Russia of blocking the delivery of a key turbine to throttle gas supplies to Europe.

Kuwait: The price of Kuwait oil went down by USD 3.55 to USD 108.70 per barrel on Monday after it was at USD 112.25 pb last Friday, said the Kuwait Petroleum Corporation (KPC) on Tuesday.

MOSCOW: The Russian economy has been deeply damaged by sanctions and the exit of international business since the country invaded Ukraine, according to a new report by Yale University business experts and economists.

COLOMBO: Sri Lanka offered its overseas workers the right to buy electric vehicles duty-free on Tuesday to encourage them to send money home and boost the cash-strapped nation’s depleted foreign exchange reserves.