BEIJING: Rising unemployment in China is pushing millions of college graduates into a tough bargain, with some forced to accept low-paying work or even subsist on their parents’ pensions, a plight that has created a new working class of “rotten-tail kids”.

BEIJING: Beijing on Wednesday launched a probe into EU subsidies of some dairy products imported into China, the day after the bloc said it planned to impose five-year import duties of up to 36 percent on Chinese electric vehicles (EVs).

KARACHI: Pakistan is making good progress with the International Monetary Fund and hopes to get board approval in September for a new $7 billion loan program, Pakistan’s Finance Minister Muhammad Aurangzeb said on Wednesday.

LONDON: China’s electricity consumption smashed the previous record in July as a prolonged heatwave settled over major load centers, especially in the Yangtze Delta, driving an enormous increase in air-conditioning and refrigeration.

MADRID: Sunflower oil has dethroned olive oil as king of the kitchen in Spain, the world´s largest olive oil producer, as rising prices force consumers to switch to cheaper options.

LONDON: UK government borrowing jumped by far more than expected in July, official figures showed Wednesday, stoking fresh anxiety for the new Labour government ahead of its first budget in just over two months.

By Salem Al-Methen ABU DHABI, Aug 21 (KUNA) -- Kuwait's Ministry of Public Works and the Fujairah Natural Resources Corporation signed on Wednesday a Memorandum of Understanding (MoU) to export standard specification gravel from the UAE to Kuwait.

TOKYO, Aug 21 (KUNA) -- Kuwait's trade surplus with Japan narrowed 11.1 percent from a year earlier to JPY 57.9 billion (USD 375 million) in July, down for the first time in three months due to slowing exports, government data showed on Wednesday.

KUWAIT: LuLu Hypermarket, the region’s leading retailer, launched its ‘Back to School Savers’ campaign that enables students to kickstart the new academic year with confidence and style.