HONG KONG: China’s efforts to boost household spending are expected to help the economy hit the government’s 2024 growth target of roughly 5 percent, but the authorities may have to do more for consumers from next year or accept slower growth.

ORLANDO, Florida: “Up the escalator, down the elevator shaft” is a well-worn FX market maxim describing the dollar’s typical moves against the yen.

FRANKFURT: German Chancellor Olaf Scholz is launching a fresh bid to tackle a property crisis as the country braces for recession and elections that could bolster the far right.

PARIS: When academic Jathan Sadowski reached for an analogy last year to describe how AI programs decay, he landed on the term “Habsburg AI”.

KUWAIT, Aug 5 (KUNA) -- The Central Bank of Kuwait (CBK) announced on Monday the allocation of issuance of bonds and tawarruq amounting to KD 160 million (about USD 528 million).

TOKYO, Aug 5 (KUNA) -- Tokyo stocks plummeted on Monday, with a key index ending with the record plunge amid concern over US recession and the yen's strength.

KUWAIT: The US Conference Board’s Consumer Confidence Index increased to 100.3 in July 2024, up from 97.8 in June.

KUWAIT: Mastercard, a global technology company in the payments industry, has presented Boubyan Bank with an award for the fastest-growing bank in the premium segment in Kuwait.

NEW YORK: For financial markets, the key question hanging over the Federal Reserve’s expected policy easing increasingly revolves around the size of interest rate cuts and less on their timing.