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Turkey’s troubled lira surges after Erdogan backs huge interest rate hike
ISTANBUL: Turkey’s troubled lira surged Thursday after the central bank delivered a much larger than expected interest rate hike that broke free from President Recep Tayyip Erdogan’s era of unorthodox economics. The increase to 25 percent from 17.5 percent followed a more modest raise of 2.5 percentage points last month. Most economists had expected the bank to lift its policy rate to 20 percent on Thursday.“Monetary tightening will be...
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Argentina grapples with 113 percent annual inflation
BUENOS AIRES: Argentina has been hit by a wave of looting that has ratcheted up political tensions ahead of October elections as the country grapples with 113 percent annual inflation. Since Friday, groups of people, sometimes dozens at a time, have forced their way into supermarkets and other stores, fueled by calls on social media, authorities say. Around 200 people, many of them minors, have been arrested for what locals call "piranha attacks"...
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US chip giant Nvidia rides AI wave as profits soar
SAN FRANCISCO: US chip giant Nvidia, whose products play a crucial role in artificial intelligence systems, crushed expectations on Wednesday, as the post-ChatGPT AI frenzy continues to lift the tech sector. The Silicon Valley-based company said sales doubled year-on-year to $13.5 billion in the latest completed quarter, leaving a net profit of $6.2 billion—an eye-watering 843 percent higher than a year before. Signaling that the boom in AI is...
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Ameen Al-Qattan: A hardworking Kuwaiti goldsmith
By Faten OmarIt all began two decades ago, when an Indian worker captivated the interest of Ameen Al-Qattan, a Kuwaiti goldsmith and managing director of a local gold shop, introducing him to the captivating world of gold craftsmanship. Despite the initial challenges he encountered, including financial losses and fraud, he remained resolute in his determination to pursue this path and hone his skills, eventually emerging as one of the most...
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Jaber Hospital performs rare operation
KUWAIT: Jaber Al-Ahmad Hospital on Thursday announced the use of free tissue implants for the first time in Kuwait by merging breast reconstruction operations without the use of silicone. Plastic and reconstructive surgeon Dr Heba Al-Khashnam said in a press release that this surgery is for women who suffer from breast cancer and sagging due to obesity, through which they can restore the shape of the breast, noting that its success rate reached...
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Speaker receives KJA delegation
KUWAIT: Kuwaiti National Assembly Speaker Ahmad Al-Saadoun on Thursday received a Kuwait Journalists Association (KJA) delegation headed by Chairman Adnan Al-Rashid. The delegation included Secretary Jassim Kamal, Treasurer Duhairan Aba Al-Khail and Board member Abdel-Rahman Al-Alyan. - KUNA
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Kuwait FM meets India counterpart
KUWAIT: Kuwaiti Minister of Foreign Affairs Sheikh Salem Abdullah Al-Jaber Al-Sabah on Thursday met with visiting Indian Minister of State for External Affairs and Minister of State for Parliamentary Affairs Shri V Muraleedharan. During the meeting, the foreign minister conveyed the Kuwaiti leadership’s sincere congratulations to the Indian people and government on the successful landing of the Chandrayaan-3 spacecraft on the moon.The meeting...
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Students’ confusion and struggles with public transport in Kuwait
By Zaid AboobackerKUWAIT: Many students in Kuwait are left confused and dissatisfied with the public transport system. They struggle not only with issues related to accessing buses and free-ride policies, but also face the risk of falling victim to taxi scams. Students lack proper awareness of bus fee policies and encounter difficulties with free-ride policies due to the lack of resources to verify the reality of these policies. Kuwait Times...
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Students must be ‘equipped with essential skills’
By Ghadeer GhloumKUWAIT: In today’s rapidly evolving world, it is undeniable that financial literacy and business awareness are essential skills for young individuals to succeed in their personal and professional lives. As the future leaders and entrepreneurs of Kuwait, high school students must be equipped with the necessary knowledge and understanding of business and finance. Introducing these subjects in high schools not only empowers...
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Warholm ‘turns on turbos’, wins third world 400m title
BUDAPEST: Norway’s Karsten Warholm extended his dominance in the men’s 400m hurdles by digging deep to win his third world title on Wednesday. Olympic champion Warholm clocked 46.89sec for gold in the Hungarian capital, with Kyron McMaster of the British Virgin Islands taking silver in 47.34sec. American Rai Benjamin claimed bronze in 47.56sec as defending world champion Alison Dos Santos of Brazil hit the third-last hurdle and saw his...
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Spain football federation chief Rubiales under fire
MADRID: Spain's women's football league on Wednesday demanded Spanish federation president Luis Rubiales be sacked for kissing star player Jenni Hermoso on the lips after the country's World Cup victory, describing his behavior as "disgusting". Spanish football federation (RFEF) chief Rubiales, 46, has been heavily criticized for planting a kiss on the lips of Hermoso following her team's 1-0 triumph over England in the Women's World Cup final in...
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US young guns target Basketball World Cup
WASHINGTON: A talented United States team of young NBA players will try to capture the Basketball World Cup with a fast-paced attacking style and a physical defensive scheme. Golden State Warriors coach Steve Kerr guides an formidable squad of Americans in their 20s who seek a third global crown in the past four attempts at the World Cup, which begins August 25 in the Philippines, Japan and Indonesia. “We put together the team with the idea of...
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27% of expat workers domestics
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KUWAIT: Minister of Public Works Noura Al-Mashaan and a Chinese delegation visit the site of the Mubarak Al-Kabeer Port project on Boubyan Island on Aug 31, 2024. – KUNA
Minister, Chinese delegation visit Mubarak Port
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Guests and dignitaries gather at Marina Hotel to celebrate the 102nd anniversary of Turkey's Victory Day.
Kuwait-Turkey defense partnership bolsters regional peace and security
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Fatemah Al-habib, founder of Qesati, hosting the event.
Kuwaiti athlete shares her story of perseverance en route to Olympics
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Kuwait Times Summer Program students pose for a group photo with Kuwait Times/Kuwait News and Gulf Bank teams. - Photos by Yasser Al-Zayyat
Gulf Bank and Kuwait Times successfully conclude 3rd edition of Summer Program