FRANKFURT: Pressure is growing on the European Central Bank to respond to rising inflation in the eurozone, as its counterparts in the United States and the United Kingdom signal willingness to take action. 

KUWAIT: Al-Ahli Bank of Kuwait (ABK) reported a net profit of KD 21.1 million for the nine month period ended 30th September 2021 against a net loss of KD 7.9 million incurred in the corresponding period in 2020. EPS was at 9 fils compared to loss per share of 9 fils in 2020.

KUWAIT: Gulf Bank K.S.C.P. has announced its financial results for the first nine months of 2021. The bank recorded a net profit of KD 27.5 million for the nine months ended 30 September 2021, an increase of 50 percent compared to a net profit of KD 18.4 million for the prior period. 

KUWAIT: Zain, the leading digital service provider in Kuwait, announced the launch of software-defined wide area network (SD-WAN) managed services in collaboration with its global partner Cisco. The company is the first service provider in Kuwait to offer world-class SD-WAN services to its business customers, enabling them to optimize their networks to suit their unique needs while balancing performance and cost.

GENEVA: Greenhouse gas concentrations in the atmosphere reached record levels last year, the United Nations said yesterday in a stark warning ahead of the COP26 summit about worsening global warming. The UN’s World Meteorological Organization said that continued rising greenhouse gas emissions would result in more extreme weather and wide-ranging impacts on the environment, the economy and humanity. 

BEIJING: China is set to expand pilot property tax reforms, state media reported, as the government battles real estate speculation in the world’s second-biggest economy. China’s housing market took off after key 1998 reforms sparked a building boom on the back of rapid urbanization and wealth accumulation.

NEW YORK: To keep the taps at his recently opened beer tasting room flowing, Peter Chekijian had no choice but to ask his main employees to come in seven days per-week. The staffing shortage has also kept Chekijian from realizing his goal of brewing beer on site, since he can’t find contractors to finish installing tanks he requires.

Its logo is a tomato, not an apple, but in just eight years Jordanian company Tamatem has already bitten a chunk out of the lucrative market for Arabic mobile games. 

WASHINGTON: The US budget deficit narrowed slightly in the past year as the economy recovered from the COVID-19 pandemic, falling $360 billion to $2.8 trillion, the government reported Friday.