BEIJING: The Chinese economy, weighed down by electricity shortages and a vast real estate crisis, has lost its luster recently, to the point where economists are starting to question its impact on the global growth it has helped drive for more than 20 years. 

Al-Kharafi: The exceptional 9M performance a testament to the successful implementation of the ‘4Sight’ strategy.

WASHINGTON: US President Joe Biden hits the road yesterday to show off the huge new infrastructure bill passed last week, hoping to reap its benefits politically even as he watches his approval ratings slump. 

MANILA: The Philippine economy grew more than expected in the third quarter, the government said yesterday, as a rebound in consumer spending overcame pandemic lockdowns and other restrictions to rein in the fast-spreading COVID delta variant. 

KUWAIT: Kuwait’s post-pandemic recovery is proceeding apace, facilitated by a relatively high vaccination rate that has helped push daily new coronavirus cases down to the low double digits. 

TOKYO: Toshiba plans to split into three companies as early as 2023, a report said yesterday, after a series of crises at the firm including the ouster of the board’s chairman and a contentious buyout offer. 

GAZA CITY: The Palestinian Territories’ economy is showing “signs of recovery” but still faces serious challenges including “very high unemployment and deteriorating social conditions” in Gaza, the World Bank said yesterday. In the first half of 2021, growth reached 5.4 percent, and is expected to reach 6 percent this year, the World Bank said in a report.However, growth in 2022 is predicted to slow to around 3 percent, it added.

KUWAIT: Boursa Kuwait hosted The Network Forum’s (TNF) Middle East Meeting, which was held from 8-9 November 2021, along with Kuwait Clearing Company (KCC), to highlight the latest capital market developments in the region. 

KUWAIT: Dr Fang Liangzhou, vice president and CMO of Huawei Digital Power, recently spoke at COP26. At the session “System Change and Climate Innovation in the Technology Industry” hosted by the UNFCCC Global Innovation Hub, Fang virtually delivered a keynote address on “Building a Low-Carbon Smart Society.”