ATHENS: Greek Prime Minister Kyriakos Mitsotakis promised tax cuts and better economic growth prospects in a bid to repair the political damage wrought by last month’s destructive forest fires. 

LONDON: Children clutching glow sticks shrieked with delight and onlookers gazed awestruck as Blackpool’s Illuminations lights festival launched to a spectacular volley of fireworks from its 158-metre Victorian tower. 

BEIJING: From rural poverty to real estate billions, the fortunes of Xu Jiayin tracked China’s runaway growth for much of the past two decades-but now he is battling to save his Evergrande conglomerate from a quagmire of debt.

KUWAIT: Since around December 2019, the world has been experiencing a health crisis like no other due to COVID-19, where there was significant increase in mortality and morbidity. 

NAIROBI: Kenya’s economy shrank for the first time in three decades last year as the country was battered by the coronavirus pandemic, and almost 740,000 people were thrown out of work, a new government survey said.

NEW YORK: US stocks dropped for the fourth straight day on Friday and European stocks mostly fell amid renewed fears about inflation and ebbing growth. Investor sentiment took a hit from news the UK economic recovery slowed sharply in July, growing by just 0.1 percent as rising COVID cases and supply shortages offset the end of lockdown curbs.

SAN FRANCISCO: A US judge on Friday ordered Apple to loosen control over its App Store payment system, a blow to the global tech giant sparked by its anti-trust battle with Fortnite maker Epic Games.

CARACAS: Gustavo Martinez has a stable job as an engineer at an oil company in Caracas, but he can only dream of buying an apartment because Venezuela’s inflation, the highest in the world, has crippled real estate financing. 

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