BUENOS AIRES: Argentina’s economic downturn, with high inflation, a deflating currency and a shortage of US dollars to invest in, has in fact proved a shot in the arm for one sector: Cryptocurrency. 

KUWAIT: Chairman of Gulf Cable & Electrical Industries Co Bader Nasser Al-Kharafi said the company was able to face the coronavirus pandemic ably and efficiently to meet the demands of the local market in both the public and private sectors. 

RIYADH: Energy giant Saudi Aramco yesterday posted a 30 percent jump in first quarter profits, beating forecasts in a sign of recovery from last year’s oil market crash fueled by the coronavirus pandemic. 

KUWAIT: Minister of Health Dr Basel Al-Sabah briefed the Cabinet during its weekly meeting on the latest developments of the global situation of the coronavirus (COVID-19) especially in light of the spread of India’s mutant strain. 

AMMAN: Already saddled with one of the world’s highest rates of smoking, Jordan has seen the numbers lighting up soar since coronavirus restrictions began last year, sparking fears of a double epidemic. 

GENEVA: The COVID-19 pandemic provided a boost for e-commerce last year, but the digital windfall was not enjoyed equally across the board, a UN study found yesterday. 

WASHINGTON: Verizon announced yesterday it was selling faded Internet stars Yahoo and AOL to a private equity firm for $5 billion, ending the media ambitions of the telecoms giant. 

HONG KONG: Hong Kong’s economy jumped back into growth in the first quarter of the year, official figures showed yesterday, ending the city’s most pronounced period of recession in its modern history. 

BRUSSELS: The European Union’s executive yesterday proposed that travelers who are fully vaccinated with EU-approved jabs be able to enter the bloc, a statement said.