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ECB surprises markets with half-point rate hike
Frankfurt: The European Central Bank lifted its key interest rates by a surprise 50 basis points on Thursday, its first hike since 2011 and more than expected as the eurozone grapples with rampant inflation and a looming energy crisis.The hike lifts the ECB's deposit facility out of negative territory for the first time in eight years, to zero percent. The rate on the main refinancing operations climbs to 0.50 percent and on its marginal lending...
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Kuwaiti referee participates in Int'l Chess Olympiad
Kuwait: Kuwaiti international referee Khalaf Al-Azmi will participate in the World Chess Olympiad in Chennai, India, scheduled from July 27 to August 10, at the invitation of the International Chess Federation.In a statement to Kuwait News Agency (KUNA), Al-Azmi said he was proud of this invitation, which confirms the good reputation he gained through his refereeing of many local and regional championships.Al-Azmi added that this Olympiad is the...
The 2022 Do the Write Thing (DtWT) National Student Ambassadors
KAF honors Nat'l Student Ambassadors from across US for anti-violence stand
Washington: The Kuwait-America Foundation (KAF) and the National Campaign to Stop Violence held the 2022 National Recognition dinner honoring this year's Do the Write Thing (DtWT) National Student Ambassadors from across the nation who have taken a stand against violence.The 2022 National Recognition dinner honored some 39 students out of over 30,000 middle school students across the US who participated in the program this year by submitting...
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Kuwait oil falls to USD 110.69 pb - KPC
Kuwait: The price of Kuwaiti oil dropped 32 cents to USD 110.69 per barrel on Wednesday, compared with USD 111.01 pb the day before, as announced by the Kuwait Petroleum Corporation (KPC) Thursday.Globally, the Brent crude went down by 43 cents to USD 106.92 pb and so did the West Texas Intermediate by USD 1.96 to USD 102.26 pb.
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UK's Sunak and Truss make Tory party leadership run-off
London: Conservative MPs in Britain on Wednesday chose former finance minister Rishi Sunak and Foreign Secretary Liz Truss to contest a run-off to be leader and prime minister, to be decided by party members.Sunak led the last of five ballots of Tory lawmakers, winning 137 votes, ahead of Truss on 113, while junior trade minister Penny Mordaunt was eliminated after getting 105 votes.
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Kuwait condemns "terrorist" attack targeting Iraqi police force
Kuwait: Kuwait's Foreign Ministry condemned Wednesday the terrorist attack targeting an Iraqi police force, killing and injuring police personnel.The ministry, in a statement, affirmed Kuwait's support for Iraq's side as it takes measures to safeguard its security and combat terrorism.The foreign ministry also expressed condolences to the people and government of Iraq and to the families of the victims, wishing those injured a swift recovery.
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Russian military aims in Ukraine no longer focused 'only' on east: Lavrov
Moscow: Russia's military aims in Ukraine are no longer focused "only" on the country's east, Foreign Minister Sergei Lavrov said, adding that supplies of Western weapons had changed the Kremlin's calculus."The geography is different now. It is not only about the DNR and LNR, but also the Kherson region, the Zaporizhzhia region and a number of other territories" Lavrov told state media in an interview. "This process is continuing, consistently...
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UK inflation hits fresh 40-year high
London: British annual inflation surged to a fresh 40-year high in June on rising motor fuel and food prices, official data showed Wednesday, adding to a cost-of-living crisis.The Consumer Prices Index (CPI) jumped to 9.4 percent last month from 9.1 percent in May, the Office for National Statistics said in a statement.Analysts said the data put pressure on the Bank of England to raise interest rates by as much as 50 basis points, or half a...
New President Ranil Wickremesinghe
'Our divisions are now over': new Sri Lankan President Wickremesinghe
Colombo: Crisis-wracked Sri Lanka's divisions had come to an end, the country's new President Ranil Wickremesinghe said Wednesday after he was elected to replace his predecessor who fled the country and resigned last week."Our divisions are now over," he said in an acceptance speech to parliament after legislators elected him head of state.
Kuwait's Minister of Justice meets with Algerian Prime Minister
Justice Minister, Algerian PM judicial consultations
Algiers: Minister of Justice and Minister of State for Integrity Enhancement Jamal Al-Jallawi and Algerian Prime Minister Ayman bin Abdulrahman held discussions encompassing topics related to judicial proceedings and the administration of law.A statement by Algerian authorities said that earlier today the prime minister received Al-Jallawi upon his visit to the country to strengthen relations between both sides in fields of law and judicial...
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Putin praises 'useful' summit with presidents of Iran, Turkey
Tehran: Russian leader Vladimir Putin Tuesday praised his talks with the presidents of Iran and Turkey, speaking after a three-way summit on the Syrian conflict overshadowed by Moscow's intervention in Ukraine.Putin said the Syria summit in Tehran was "truly useful and rather substantial", describing the atmosphere as "business-like and constructive."
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Turkey expects Russia, Iran to back fight in Syria: Erdogan
Tehran: Turkey expects Russia and Iran to back its fights against "terrorists" in Syria, President Recep Tayyip Erdogan on Tuesday told the two countries' leaders at a summit in Tehran."What we expect from Russia and Iran is their support for Turkey in its fight against terrorism," Erdogan said following weeks of warning that Turkey may soon launch a new military incursion into Syria.
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Committee strips Kuwaiti citizenship of 1,647 individuals
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Oxford Academy School students pose for a photo with their Kuwait Times copies.
Oxford Academy School students visit Kuwait Times and Kuwait News
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Sons of Yusuf: Visionary Kuwaiti brothers revolutionizing Arabian Gulf sound
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Municipal Councilmember Aliaa Al-Farsi
Municipal Council environment committee urges urgent reforms for Jleeb Al-Shuyoukh
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NEW YORK: Italian visual artist Maurizio Cattelan's duct-taped banana entitled "Comedian" is on display during a media preview at Sotheby's on Nov 8, 2024. - AFP
Banana taped to wall ‘artwork’ sells for $6.2m