NEW DELHI: India has declined to accept a European Union proposal to levy higher taxes on its carbon-producing industries, which the 27-nation bloc said it was willing to offset when those products enter its borders, a top official told Reuters.

LONDON, July 29 (KUNA) -- The newly-appointed Chancellor of the Exchequer Rachel Reeves pledged Monday to restore UK economic stability after revealing GBP 22 billion (USD 28.3 billion) of unfunded pressures inherited from the previous Government.

KUWAIT: National Bank of Kuwait (NBK) always strives to elevate customer banking experience by providing exclusive offers and rewards to complement its market-leading products and services.

KUWAIT: US existing home sales fell in June, where the latest figure shows a drop from 4.11 million homes sold in May down to 3.89 million, lower than the expected 3.99 million figure.

BELEM, Brazil: US Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy requires $3 trillion in new capital each year through 2050, far above current annual financing, but that filling the gap is the biggest economic opportunity of the 21st century.

WASHINGTON: It’s the case of the vanishing startup: some of Silicon Valley’s most promising names in the fast-developing generative AI space are being gobbled up by or tied to the hip of US tech giants.

WASHINGTON/SAN FRANCISCO: Donald Trump, once a cryptocurrency skeptic, vowed Saturday to be a “pro-bitcoin president” if elected in November, as the Republican nominee sought backing from an industry irked by US regulations.

WASHINGTON: The US Federal Reserve may signal this week that interest rate cuts are on the way—although it is widely expected to remain on pause until its next rate decision in September.

NEW YORK: Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve policy meeting and closely watched employment data in a week that could determine the near-term trajectory of US stocks following a bout of severe turbulence.