SAN FRANCISCO: US electric carmaker Lucid Motors announced Monday that it will go public via a merger with a company that values it at $24 billion. The California-based start-up has chosen to go through a SPAC, or “Special Purpose Acquisition Company,” which is a company with no commercial activity whose aim is to raise funds by going public.

KUWAIT: Kuwait yesterday reported 1,015 new coronavirus cases and eight COVID-related deaths, taking the total cases up to 186,004 and deaths to 1,057. The Ministry of Health also reported that 906 more people have been cured of the virus, raising the total of those to have overcome the disease to 174,088.

TUNIS: Tunisia’s transport minister yesterday fired the CEO of Tunisair, just over a month after naming her to revive the ailing national carrier’s fortunes.

HONG KONG: Markets mostly fell yesterday as falling infection rates and more good news on the vaccine front were overshadowed by growing worries about high valuations and inflation. 

SYDNEY: Australia’s push to regulate tech giants has become a power struggle between two of the world’s most powerful men, with Rupert Murdoch and Mark Zuckerberg locked in a generational battle for media dominance. 

KUWAIT: Kuwait’s population in 2020 experienced the biggest annual drop recorded in almost 30 years, as the number of resident expatriates fell sharply, while the number of Kuwaiti nationals continued to rise. 

KUWAIT: Kuwait yesterday reported 899 new coronavirus cases and five COVID-related deaths, taking the total cases up to 184,989 and deaths to 1,049. 

WASHINGTON: People returning to work following the long pandemic will find an array of tech-infused gadgetry to improve workplace safety but which could pose risks for long-term personal and medical privacy. 

VILNIUS, Lithuania: Thanks in part to Brexit, Lithuania is becoming a fintech hub as a growing number of UK-linked digital financial companies are getting licenses there so they can continue to operate in the European Union.