Kuwait: The price of Kuwaiti oil went up by USD 4.26 to USD 108.79 per barrel as opposed to USD 104.53 pb the day before, said the Kuwait Petroleum Corporation (KPC) Tuesday.

London: The euro jumped more than one percent against the dollar Tuesday, as traders mull whether the European Central Bank could hike interest rates by more than expected to fight runaway inflation.

Kuwait: Zain, the leading digital service provider in Kuwait, announced the launch of the third edition of the H&S Store Summer Internship Program.

Brussels: The European Union’s (EU) annual inflation was 9.6 percent in June, up from 8.8 percent in May, compared to 2.2 percent last year.

Brussels: The EU is preparing to carve out exceptions in its tough sanctions against Moscow that would unblock assets at Russian banks linked to trade in food and fertiliser, a document showed on Tuesday.

MOSCOW: Russian President Vladimir Putin on Monday vowed to overcome the “colossal” high-tech problems his country is facing due to the onset of unprecedented Western sanctions over Ukraine.

WASHINGTON: European countries face a power crunch if there is a complete shutdown of Russian gas supplies, with their economies facing the threat of contraction, although the impact varies widely by country, according to the International Monetary Fund.

KUWAIT: The Economist Intelligence Unit reported that inflation rates in the GCC countries will be among the lowest in the Middle East and North Africa region in 2022-2023.

FARNBOROUGH: US aerospace giant Boeing on Monday fired the first shot in an orders battle with European rival Airbus at Farnborough airshow, clinching a $13.5-billion deal for 100 MAX planes from Delta Airlines in a huge vote of confidence for the crisis-hit jet.