NEW YORK: Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, with people buying more groceries and merchandise online and at its stores, a sign that it may be gaining market share ahead of the holiday season.

PARIS: Farmers staged protests across France on Monday at the prospect of a trade deal between the European Union and South America’s Mercosur bloc, which will further intensify competition for the French agriculture sector.

KUWAIT: The National Investments Company (NIC) announced the partial exit of one of the company’s primary investments, Boursa Kuwait, by selling 6.5 million shares, equivalent to 3 percent of Boursa Kuwait’s capital, at a value of KD 13.3 million.

KUWAIT: A report issued by InvestGB, the investment arm of Gulf Bank, titled “Student Housing in the United States: From Cyclical to Sustainable Growth”, provides an overview of the sector’s dynamics, key drivers, and future outlook.

BEIJING: Shanghai announced on Monday it would be the first major Chinese city to implement tax incentives to revive its property sector, a move analysts anticipate other ‘Tier One’ city governments will quickly also adopt as distressed developers drag on growth.

SAN FRANCISCO: A quietly growing belief in Silicon Valley could have immense implications: the breakthroughs from large AI models—the ones expected to bring human-level artificial intelligence in the near future—may be slowing down.

CAIRO: Egypt’s economy has been in crisis for years, but as the latest round of International Monetary Fund-backed reforms bites, much of the country’s middle class has found itself struggling to afford goods once considered basics.

DUBAI: Zain Group was recently presented with three distinguished awards at the prestigious SAMENA Council-endorsed MEA Business Magazine Technology Achievement Awards 2024, as part of a multi-sector recognition awards program aimed at highlighting significant technology achievements in the ICT industry held during GITEX GLOBAL 2024.

KUWAIT: Inflation in the US rose in October, with the year-over-year figure rising 2.6 percent, up from 2.4 percent the previous month.