KUWAIT: Boubyan Bank has announced KD 61 million in operating profits for the first half of this year as the bank recorded KD 50 million in net profits at a growth rate of 20 percent compared with last year, while the earnings per share amount to 11.1 fils.

CHICAGO: A Biden administration drive to increase US wheat plantings after the Ukraine war is faltering as wheat prices hover around four-year lows and exportable supplies continue to flow from the Black Sea region, curbing demand for American grain.

LONDON: The new British government on Wednesday said that the delivery process for critical infrastructure would be streamlined and more power given to local leaders under a proposed planning overhaul aimed at unlocking growth.

BENGALURU, India: Indian tech companies on Wednesday slammed a proposal to reserve more than half of all private jobs for local hires in Bengaluru, a city that has powered the country’s growth into an IT powerhouse.

KUWAIT: Zain has announced the extension of its strategic partnership with Global Markets, a leading market research and business intelligence firm in the GCC.

NEW YORK: After a door panel on an Alaska Airlines-operated Boeing 737 MAX 9 jet blew off midair in January, Anneke Palmerton learned the carrier had canceled her flight to Orlando as well.

BEIJING: China’s sputtering economy has prompted a dire, new shorthand online for pessimism about the prospects for any turnaround for jobs, incomes and opportunity: “the garbage time of history.

HONG KONG: HSBC on Wednesday said its chief financial officer Georges Elhedery would step up to the role of chief executive as the Asia-focused banking giant looks to drive growth.

STOCKHOLM: Denmark’s AP Moller-Maersk said on Wednesday that disruption to its container shipping via the Red Sea had extended beyond trade routes between the Far East and Europe to its entire global network.