NEW YORK: The Federal Reserve’s battle to get inflation under control likely faces fresh challenges should Donald Trump regain the White House, a dynamic that could put the US central bank back in the former Republican president’s crosshairs.

GENEVA: Nestle and Unilever may be raising prices more slowly but it has not been enough to win back some cost-conscious customers, with the consumer goods giants delivering disappointing first-half sales growth on Thursday.

BEIJING: China will allocate 300 billion yuan ($41.40 billion) in ultra-long treasury bonds to support a program of equipment upgrades and consumer goods trade-ins, the government said on Thursday, in the latest step to spur an economic recovery.

WASHINGTON: The US economy grew faster than expected in the second quarter, but inflation subsided, leaving intact expectations of a September interest rate cut from the Federal Reserve.

RIO DE JANEIRO: Faced with growing global inequality, G20 finance ministers meeting in Rio de Janeiro will tackle the thorny issue of taxes for the super-rich, a topic that has divided member states.

PARIS: The world’s richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda.

MUMBAI: India’s silver and platinum imports from the UAE, previously benefiting from concessionary duties under a trade agreement, have ceased as New Delhi’s move to reduce import taxes eliminated the duty arbitrage that bullion dealers were exploiting, trade and government officials told Reuters.

KUWAIT: Al-Ahli Bank of Kuwait (ABK) proudly announced its robust financial results for H1 2024, once again affirming its position as a leading financial institution.

KUWAIT: Kuwait public finances have returned to the red after posting a budget deficit of KD 1.6 billion in the fiscal year 2023/2024 which ended on March 31, the finance ministry said on Wednesday.