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EU hails Bulgarian-Greek gas connector as "game changer" for Europe
Brussels: The Bulgarian-Greek gas connector, through which Bulgaria already receives Azeri natural gas, was officially launched in the Bulgarian capital Sofia on Saturday in the presence of the President of the European Commission Ursula von der Leyen."This pipeline is a game changer. It is a game changer for Bulgaria and for Europe's energy security. And it means freedom. It means freedom from dependency on Russian gas" said von der Leyen in a...
ANKARA: Turkish President Recep Tayyip Erdogan speaks during a press conference in Ankara. —AFP
Turkey's Erdogan renews threat to block Swedish, Finnish NATO bids
Istanbul: President Recep Tayyip Erdogan on Saturday warned Turkey would not ratify the NATO membership bids of Sweden and Finland until the two Nordic countries "kept" promises they had made to Ankara."Until the promises made to our country are kept, we will maintain our principled position," Erdogan said in a speech to parliament in Ankara."We are closely following whether the promises made by Sweden and Finland are kept or not, and of course,...
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World Bank announces $530 million in new funding for Ukraine
Washington: The World Bank has announced $530 million in supplemental funding for Ukraine to enable it to "meet urgent needs created by Russia's invasion."The support, in the form of a new loan from the International Bank for Reconstruction and Development, is being guaranteed by Britain to the tune of $500 million, with Denmark backing the remaining $30 million, the World Bank said in a statement on Friday."The toll of destruction, damage, and...
finance minister Kwasi Kwarteng
UK finance minister vows 'credible plan' to reduce debt
London: Britain's under-fire finance minister Kwasi Kwarteng has promised to unveil "a credible plan" to lower government debt as he defended his contentious mini-budget that led to market turmoil.Last month's controversial tax-slashing plans, which will dramatically increase government borrowing, went further than many expected, abolishing the top rate of income tax and lifting a cap on bankers' bonuses.It led to immediate upset in the financial...
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Russia vetoes UN bid against Ukraine annexations, China abstains
United Nations: Russia on Friday vetoed a Western bid at the UN Security Council to condemn its annexations of Ukrainian territory, with China and India abstaining.Russia's veto was a certainty but Western powers will be heartened that Moscow did not find support from Beijing and will now seek to pressure Russia through a vote of the General Assembly, which includes all countries.The United States pushed through a resolution co-sponsored with...
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Kuwait denounces terrorist attack on educational ctr in Kabul
Kuwait: The Ministry of Foreign Affairs expressed on Friday that Kuwait's condemnation of the terrorist attack that targeted an educational center to the west of the Afghan capital city of Kabul, killing and wounding several people The Ministry renewed in a statement Kuwait's firm and principled stance against all forms of violence and terrorism, extending condolences to the victims of the attack and wishing the wounded a quick recovery.
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Kuwait Amir's Representative back home from 77th UNGA session
Kuwait: Representative of His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and Deputy Prime Minister Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah came back home on Friday after leading Kuwait delegation to the 77th UN General Assembly session.They were welcomed at the airport by Prime Minister, Minister of Defense and Minister of State for and Acting Minister of Interior Sheikh Talal Khaled Al-Sabah, Deputy Prime Minister, Minister of oil...
TEHRAN: Iranian demonstrators burn a rubbish bin in the capital on Sept 21, 2022 during a protest for Mahsa Amini, days after she died in police custody. - AFP
Foreigners arrested as Iran protests over Amini death enter third week
Paris: Iran said Friday that nine foreigners were arrested over deadly street protests sparked by the death of Kurdish woman Mahsa Amini, as demonstrations across the country entered a third week amid gunfire.Dozens have been killed in a crackdown on the protests that erupted when Amini, 22, died in custody three days after her arrest by the notorious morality police in Tehran for allegedly breaching the Islamic republic's strict dress code for...
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Half of Brits think new UK PM Truss should quit
London: New UK Prime Minister Liz Truss's early missteps have prompted turmoil in her personal poll ratings, as well as financial markets, with a survey Friday finding half of Britons think she should resign.Less than four weeks into the top job, and a week after the disastrous unveiling of a mini-budget that cut taxes for the wealthiest amid a cost-of-living crisis, 51 percent of people polled by YouGov said she should quit.It represents a...
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Eurozone inflation jumps to record 10%
Brussels: Eurozone consumer prices skyrocketed by a record 10 percent in September, official data showed on Friday, as inflation reached double digits on the back of soaring energy prices caused by Russia's war on Ukraine.Stoked by a staggering 40.8 percent rise in energy prices, the yearly inflation rate in the 19-country single currency area hit its highest level since records began, according to Eurostat.The historic level of inflation will...
WASHINGTON: In this file photo, International Monetary Funds (IMF) Managing Director Kristalina Georgieva pauses while speaking about gender equality during the IMF and World Bank Fall Meetings in Washington, DC. -- AFPnn
IMF chief pledges support for Malawi president's aid request
Washington: IMF chief Kristalina Georgieva met with Malawi's President Lazarus McCarthy Chakwera on Thursday and committed to provide support to the country, as it faces economic challenges and "unsustainable" public debt.The government of the East African nation has been in discussions with the Washington-based crisis lender for months on its request for an aid program to help stabilize the economy.Georgieva said she had a "productive"...
SEOUL, South Korea: People watch a television screen showing a news broadcast with file footage of a North Korean missile test, at a railway station in Seoul. – AFP
North Korea fires ballistic missiles after US VP Harris tours DMZ
Seoul: North Korea fired two ballistic missiles Thursday just hours after US Vice President Kamala Harris left South Korea, where she had toured the heavily fortified Demilitarized Zone which divides the peninsula.The Thursday launch is Pyongyang's third in five days, continuing the nuclear-armed country's record-breaking blitz of weapons tests this year.Speaking at the Demilitarized Zone (DMZ) earlier Thursday, Harris decried North Korea's...
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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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Sri Lanka's President Anura Kumara Dissanayake arrives for the opening ceremony of the country's tenth parliament at the national parliament in Colombo on November 21, 2024. -- AFP
Sri Lanka president makes U-turn on IMF bailout
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Minister of Commerce and Industry Khalifa Al-Ajeel
Commerce ministry reorganizes construction subsidy system
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DHAKA: This handout photo shows nobel laureate and chief adviser of Bangladesh’s interim government Muhammad Yunus (right) with former premier and Bangladesh Nationalist Party (BNP) chairperson Khaleda Zia at a reception to mark the country’s Armed Forces Day in Dhaka. – AFP
Bangladesh ex-PM Zia makes her first public appearance in 6 years