NEW YORK: Only time will tell how much record US prices at the pump will dent driving demand this summer, but don’t expect a significant increase in gasoline supply from American refineries.

NEW YORK: Fast-food employees in Manhattan demonstrating for a wage of $20 an hour: a demand unthinkable before the COVID-19 pandemic has become unexceptional, as short-handed companies offer big wage increases without, however, doing much to narrow a yawning income gap.

KUWAIT: Kuwait Finance House Group (KFH Group) won eight prestigious awards from Islamic Finance News (IFN) thus representing the largest number of awards received by a banking group from a single entity.

NEW DELHI: Wall Street stocks rallied Friday following signs of moderating inflation, finishing with weekly gains for the first time in about two months.

DOCTOR JUAN EULOGIO ESTIGARRIBIA, Paraguay: As the world faces a growing food crisis provoked by Russia’s invasion of Ukraine, many have looked to South America’s “breadbasket”-major wheat producers Brazil and Argentina, along with Uruguay and Paraguay-as a possible solution.

KUWAIT: Boursa Kuwait hosted its 8th Corporate Day, organized in collaboration with EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), from the 23rd to the 26th of May.

NEW YORK: Moody’s Investors Service (“Moody’s”) has on Thursday affirmed the government of Kuwait’s long-term local and foreign currency issuer ratings at A1.

DAVOS: Ukraine’s foreign minister, lawmakers and mayors made long journeys by car, train and plane to the Swiss Alps to convince global elites to send more help to repel Russian invaders.

BEIJING: China’s premier called for more to be done to stabilize the world’s second-largest economy, issuing an unusually stark warning as the country’s zero-COVID strategy bites into growth.