BEIJING: With market-trembling new rules and investigations, Beijing’s crackdown on its most prominent companies has seeped into nearly every aspect of modern life, wiping billions of dollars from Chinese and Hong Kong-listed stocks and bamboozling investment sages.

WASHINGTON: US President Joe Biden announced Wednesday a deal with senators on a massive infrastructure package that would pump historic levels of federal funding into fixing US roads, bridges and waterways and expand clean energy programs. The bipartisan measure, including some $550 billion in new spending, came together after two months of often-tense negotiations that Biden and his Democrats wanted to see concluded before Congress breaks for its August recess.

WASHINGTON: US President Joe Biden announced a plan yesterday to strengthen “Buy American” policies, proposing to increase the US-made content in hundreds of billions of dollars of government purchases. 

PARIS: Imagine a world where you could sit on the same couch as a friend who lives thousands of miles away, or conjure up a virtual version of your workplace while at the beach. 

SAN FRANCISCO: Apple said Tuesday its profit in the just-ended quarter nearly doubled amid improving consumer spending and a “growing sense of optimism” as pandemic lockdowns eased. 

KUWAIT: The global economy will expand by six percent this year, but disparities between nations are widening as advanced economies accelerate while developing countries fall behind, the IMF said yesterday. 

LONDON: British department store chain Selfridges Group has been put up for sale by Canada’s Weston family for £4.0 billion ($5.5 billion, 4.7 billion euros), media reports said Monday. 

KUWAIT: The Kuwaiti Ministry of Health announced the inauguration of a COVID-19 vaccination center in Jleeb Al-Shuyoukh, in an effort to speed up the vaccination process to contain the virus spread in one of the most populated areas.

KUWAIT: Minister of Health Sheikh Dr Basel Al-Sabah briefed the Cabinet on the latest developments on global pandemic situation relating to the spread of the coronavirus and variants.