HONG KONG: Fitch Ratings has revised the outlook on Kuwait’s Long-term Foreign-Currency Issuer Default Rating (IDR) to negative from stable and affirmed the IDR at ‘AA’.

BERLIN: German industrial giant Siemens prepared to turn a page yesterday with a new CEO following a restructuring drive, after a year marked by falling sales due to the coronavirus pandemic. 

KUWAIT: Spokesman for the Ministry of Health (MoH) Dr Abdullah Al-Sanad said the rise in coronavirus cases and the number of patients at hospitals requires care and mutual cooperation from all segments in the society to keep achievements made in controlling the spread of the virus. 

NEW YORK: Exxon Mobil closed the books on a terrible 2020 yesterday, reporting losses in the fourth-quarter and for the full year in the wake of lower oil prices amid the Covid-19 crisis. 

NEW YORK: With social media prognostications about Bitcoin or GameStop, Elon Musk has ventured further away from his own businesses and become more like a Wall Street heavyweight who can move markets with just a few words. 

DUBLIN: Border inspections at two Northern Irish ports were suspended yesterday, after staff were threatened over contentious new Brexit controls in the long-divided British province. 

KUWAIT: The ministry of health yesterday announced 811 new COVID-19 cases, taking the total caseload of infections to 166,654 since the outbreak of the coronavirus pandemic. 

LONDON: Online clothing retailer ASOS bought Monday brands including Topshop from collapsed Arcadia but has snubbed its stores, resulting in around 2,500 job losses. 

TOKYO: Japanese gaming giant Nintendo reported bumper results yesterday, with unprecedented demand soaring as virus lockdowns boost the sector.