• Google’s ‘free’ business model put to test in US antitrust suit

    WASHINGTON: Google’s long-running business model based on free services and advertising will be put to the test in the landmark antitrust lawsuit filed this week by the US Justice Department. 

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  • Europe’s small firms fear for survival

    LONDON: Over half the small and medium-sized companies which together provide jobs for two-thirds of European workers fear for their survival in the coming 12 months, according to a survey released by management consultancy McKinsey yesterday. 

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  • Kuwait records 9 COVID deaths, 889 new cases

    KUWAIT: Kuwait’s confirmed coronavirus cases in the past 24 hours increased by 889 to 119,420, with nine people succumbing to the disease, raising the death toll to 730, the health ministry said yesterday. 

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  • UK borrowing exceeds forecasts, debt highest since 1960: Report

    LONDON: Britain’s government borrowing in the first half of the financial year was more than six times higher than before the COVID pandemic, official figures showed yesterday, taking public debt to its highest since 1960. 

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  • ASAR bags 12th consecutive IFLR award for Kuwait

    KUWAIT: ASAR – Al-Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier firms, is pleased to announce that it has for a record 12th consecutive year received a national award presented by the International Financial Law Review (IFLR), the world’s leading market guide for corporate and financial law firms worldwide. The 2020 IFLR national award presented to ASAR was for the “National Law Firm of the Year” in Kuwait.

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  • Brexit waves threaten to wreck Belgian fishing in British waters

    OSTEND, Belgium: Britain’s departure from the European single market will disrupt many long-standing economic relationships and could yet devastate one of the oldest-the Belgian fishing fleet’s work in UK waters. In 1666 — three centuries before Britain joined the European Union-King Charles II granted the Flemish city of Bruges the right to send 50 boats to fish off England in perpetuity.

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  • Iraqi Kurds seek to diversify economy

    MEER ROSTAM, Iraq: Iraq’s Kurdish region has for decades lived off its oil wealth, but plummeting energy prices amid the pandemic and financial mismanagement are forcing locals to return to long abandoned farms. 

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  • Crown Prince praises KFAED’s efforts to combat COVID-19

    KUWAIT: His Highness the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah received Kuwait’s Foreign Minister Sheikh Dr Ahmad Nasser Al-Mohammad Al-Sabah alongside Kuwait Fund for Arab Economic Development (KFSD) Director-General Abdulwahab Al-Bader and KFAED board members at Bayan Palace yesterday. 

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  • Walmart cranks up ad drive, with or without TikTok

    NEW YORK: Walmart Inc is aggressively expanding its advertising business after years of stuttering progress, even as a proposed deal to buy a stake in video-sharing app TikTok remains stuck in limbo. 

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