BEIRUT: The Lebanese pound hit a new low against the US dollar on the black market Thursday after a sharp drop that coincided with May 15 parliamentary elections.

WASHINGTON: US new home sales plunged in April to their lowest in two years, even as prices continued to climb, according to government data released Tuesday, as would-be buyers felt the heat of soaring inflation and rising interest rates.

DAVOS: US pharmaceutical giant Pfizer on Wednesday said it would sell its patented drugs on a not-for-profit basis to the world’s poorest countries, as part of a new initiative announced at the World Economic Forum in Davos.

DUBAI/KUWAIT: Zain Group, the leading mobile telecom innovator in seven markets across the Middle East and Africa, announced that it has been awarded the ‘Best Telco Operator’ accolade for 2022 at the prestigious Telecoms World Middle East Awards event held in Dubai, UAE on 24 May.

BEIJING: Tax breaks and a bond drive for Chinese aviation and railway firms are among a blizzard of fresh measures agreed by China’s economic planners to gee up an economy stunted by a coronavirus surge.

NEW YORK: US retail giant Walmart said Tuesday it is dramatically ramping up its drone deliveries, expanding the airborne service to six states by year-end with the potential to deliver one million packages annually.

KUWAIT: Zain, the leading digital service provider in Kuwait, announced that Chief Executive Officer Eaman Al-Roudhan was featured among the region’s 50 most inspiring female business leaders for the year 2022.

KUWAIT: Aleid Foods Company signed a 50 percent acquisition contract with “Brunch” company specialized in ready-made meals, to strengthen its position in the local market, and set plans to expand its product sales, distribution, and marketing traditionally and digitally.

ODESSA, Ukraine: Staring out over Ukraine’s seemingly endless wheat fields near Odessa, Dmitriy Matulyak has a difficult time imagining that so many people may starve soon as another bountiful harvest nears.