SYDNEY: Australia said yesterday it will sell coal for “decades into the future” after spurning a pact to phase out the polluting fossil fuel to halt catastrophic climate change. 

GLASGOW: The 65 most vulnerable nations will see GDP drop 20 percent on average by 2050 and 64 percent by 2100 if the world heats up 2.9 degrees Celsius, according to a report released Monday at the COP26 climate talks in Glasgow. 

Hamad Al-Ameeri
* NIC achieved KD 22.352 million profits at 28.07 fils per share for the first nine months of 2021
* NIC maintained profits and distributable reserves of KD 44.401 million, constituting 55.65% of the capital
* NIC reported an excellent growth in total assets of 30.45%, approximately KD 278.208 million, compared to KD 213.266 million for the same period last year

* Total assets under management amounted to KD 1.129 billion at the end of Q3 2021, compared to KD 1.035 billion for the same period last year
* Other comprehensive income achieved an outstanding hike in Q3 2021, reaching KD 20.935 million, compared to KD 1.130 million for the same period last year
* Despite the unprecedented challenges the region witnessed, total shareholders’ equity amounted to KD 207.441 million while NIC distributed approximately KD 9 million of cash dividends to its shareholders in 2020

TOKYO: Japan’s SoftBank Group yesterday suffered its first quarterly net loss in 18 months as a China tech crackdown and other investment losses hit its Vision Fund portfolio. The telecoms firm-turned-investment giant also announced a share buyback worth one trillion yen ($8.8 billion), reportedly under pressure from shareholders frustrated by its sinking stock price.

KUWAIT: Gulf Bank is launching its new AJYAL Tech program, a comprehensive coding and digital technology learning journey for Kuwaiti youth who have a passion for technology. 

KUWAIT: KIPCO – the Kuwait Projects Company (Holding) – has announced a net profit of KD 16.5 million ($54.7 million) for the first nine months of 2021, an increase of 43 per cent compared to KD 11.5 million ($38.1 million) reported for the same period of 2020, after restatement. 

LISBON: From mental health apps to a helmet that can shock a patient’s brain remotely, startups at this year’s Web Summit are betting on a major shift towards “tele-medicine” as the world emerges from the pandemic.

BEIJING: Handing over a piping hot meal at exactly the time promised, Chinese food delivery driver Zhuang Zhenhua triumphantly tapped his job as complete through the Meituan app-and was immediately fined half of his earnings. 

NEW YORK: Airline reservations to the United States took off immediately after the White House announced the country would reopen to all vaccinated international voyagers starting next week, compelling a welcome-if challenging-industry pivot.