WASHINGTON: The Federal Reserve is set to begin removing a major plank of the stimulus policies it rolled out last year as the pandemic began, a sign of the progress the US economy has posted since the historic downturn.

RIYADH: Saudi Aramco’s earnings rose 158 percent year-on-year in the third quarter on higher oil prices and volumes sold as the global economy recovered, it said yesterday. Aramco’s profits surge comes as world leaders prepare for the UN’s COP26 climate summit starting in Glasgow later on Sunday, a key meeting in the battle against global warming.

KUWAIT: Alghanim Industries, one of the largest privately-owned companies in the region, recently broke ground with a new pre-engineered steel buildings (PEB) manufacturing facility located in Gujarat, India’s fifth largest state. 

KUWAIT: Zain, the leading digital service provider in Kuwait, participated in the Global Digital Power Summit 2021, organized by Huawei on the sidelines of GITEX in Dubai, with the aim of enabling organizations to seize the opportunities inherent in renewable energy by relying on digital technologies to achieve sustainability goals.

KUWAIT: Kuwait Telecommunications Company (stc), a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, announced its financial results for the nine-month period ended 30 September 2021. 

SEOUL: South Korean tech giant Samsung Electronics posted a 28-percent jump in operating profit yesterday despite global supply chain challenges caused by the pandemic. The world’s top chipmaker saw its operating profit reach 15.8 trillion won ($13.5 billion) for the July-September period, it said in a regulatory filing. 

FRANKFURT: European Central Bank policymakers shrugged off rising inflation across the eurozone when they met yesterday, with the bank leaving its massive stimulus program unchanged. While supply disruptions have pushed up prices and squeezed industrial production, the ECB kept its accommodative monetary policy stance as it seeks to nurse the economy back to health from the impact of the coronavirus pandemic.

LAMONT, US: Irma Gomez has worked in California’s Central Valley, one of the world’s most productive agricultural regions, for nearly a decade-but she has never experienced a year as hot as this one, so hot that a colleague collapsed and died in the fields. “It’s worrying,” Gomez says. 

KUWAIT: A great smartphone is one that is styled for the ages, equipped with a great camera, has a large battery that charges up swiftly, and if you throw in some cool futuristic features then you have something special. And all of these things are not easy to find in one single phone!