LONDON: OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other regions, marking the producer group’s fourth consecutive downward revision in the 2024 outlook.

BAKU: Global action on climate change “is robust and will endure” despite the re-election of Donald Trump, who has pledged to withdraw from the Paris agreement, the UN’s climate chief said Tuesday.

MILAN: The Italian government and Lufthansa reached a deal on the sale of a stake in flag carrier ITA Airways to the German airline, Rome announced Monday evening, hours before a midnight deadline to present the agreement to European regulators.

KUWAIT: Oil prices have retreated well below their mid-year highs, now ranging in the low to mid-$70s amid predominantly bearish sentiment linked to worries about a potentially oversupplied market due to softer oil demand growth.

BEIJING: China’s largest online shopping bonanza wrapped up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world’s second-largest economy after recent efforts by Beijing to boost activity.

BAKU: The COP29 talks opened Monday with calls for global cooperation and fresh warnings about climate disasters—but proceedings quickly ground to a halt in a fight over the agenda.

KUWAIT: The 2024 United Nations Climate Change Conference of the Parties (COP29) kicks off on Monday in Baku, Azerbaijan, bringing together heads of state and government leaders to address the escalating climate crisis and explore solutions.

LONDON: Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump’s return to the White House will be good for the cryptocurrency. The digital currency passed $80,000 for the first time in its history shortly after 12 pm (1200 GMT).

KUWAIT: Boursa Kuwait sponsored and hosted the CFA Institute’s Research Challenge, organized in collaboration with the CFA Society Kuwait.