MILAN: Shares of Telecom Italia (TIM) soared yesterday after receiving a “friendly” buyout offer from US private equity fund KKR valuing the operator at around 10.8 billion euros. 

MILAN: Shares of Telecom Italia (TIM) soared yesterday after receiving a “friendly” buyout offer from US private equity fund KKR valuing the operator at around 10.8 billion euros. 

LONDON: As host of the recent COP26 climate summit, Britain’s drive to help slash global carbon emissions will involve keeping to its own target of phasing out diesel trains over the next two decades, industry bodies and observers say. 

WASHINGTON: A wealthy Republican with no formal economics training, Jerome Powell yesterday nonetheless won support from Democratic President Joe Biden to lead the Federal Reserve for a second term. 

KUWAIT: In an effort to enhance the governance of Shariah supervision in the Islamic banks in Kuwait, and reinforce Shariah auditing in such banks, the Central Bank of Kuwait (CBK) launched the fourth round of the Certified Shariah Auditor Certificate Program within the Kafaa Initiative. 

NASHDALE, Australia: In near-perfect conditions, thanks to abundant rain and healthy trees, Australian fruit grower Michael Cunial’s cherry orchard looks set to yield a bumper crop. 

EL-GOUNA, Egypt: Naguib Sawiris-one of Africa’s richest men, with an estimated fortune of over $3 billion-has warned that the Egyptian government’s involvement in the private sector makes for an unfair playing field. 

KUWAIT: Kuwait Finance House (KFH) is continuing its awareness messages to customers and employees as part of “Be Aware” campaign, thus warning against the risks of falling in the traps of fraudulence and the hacking of all types of credit cards which have increased recently. 

KUWAIT: Gulf Bank, one of the largest leading banks in Kuwait, was awarded the ‘Best Innovation In Customer Experience’ award at the prestigious Future Enterprise Awards 2021, held in the last week of GITEX Global.