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IMF: CBs could tame Inflation without causing a recession
KUWAIT: The IMF and World Bank held an annual meeting in Marrakech on Tuesday where the divergence between country groups economic recovery was addressed, as well as the financial risks associated with “higher for longer” interest rates. The IMF sees that there is a higher probability for central banks to tame inflation without causing a recession in the global economy, and is now expecting global economic growth to slow down from 3.5 percent...
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Burp tax causes pre-poll stink with New Zealand farmers
WELLINGTON: New Zealand has a plan to tax farmers for their livestock’s burps and farts—and it’s causing a stink ahead of Saturday’s general elections. The economy is driven by agriculture with around 10 million cattle and 25 million sheep roaming the nation’s pastures. So in the fight against climate change, New Zealand’s government has targeted livestock as it drives towards a target of net-zero greenhouse gas emissions by 2050....
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Prominent Iranian director Dariush Mehrjui stabbed to death
One of Iran’s most important film-makers, Dariush Mehrjui, was stabbed to death on Saturday evening alongside his wife at their home near Tehran, the judiciary said on Sunday. The 83-year-old was indelibly associated with the Iranian new wave of cinema, having made “The Cow” in 1969, one of the movement’s first films. “During the preliminary investigation, we found that Dariush Mehrjui and his wife, Vahideh Mohammadifar, were killed by...
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Fashion Week hits Kenya’s biggest urban slum
Towering models parade down a three-meter (10-foot) high catwalk overlooking the rusting tin roofs of Kibera, the Kenyan capital’s biggest urban slum. It’s the second edition of Kibera Fashion Week in the heart of the sprawling area and the place is packed. For six hours, interspersed with pop music performances, hundreds of spectators from Kibera and across the city, watch the diverse collections float by on Saturday.“Kibera is full of...
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US man pleads guilty to theft of ‘Wizard of Oz’ slippers
An elderly US man pleaded guilty Friday to the theft nearly 20 years ago of a pair of ruby slippers that Judy Garland wore in the classic film “The Wizard of Oz.” The sequined shoes—indelibly associated with the character Dorothy clicking them together and saying repeatedly, “there’s no place like home”—were stolen in 2005 from the Judy Garland Museum in the actress’s hometown of Grand Rapids, Minnesota.The footwear was recovered...
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Designer Avido puts Kenyan slum on the fashion map
His creations are made in Kibera, the largest urban slum in Kenya, but have attracted the attention of global stars such as Beyonce and Bruno Mars and featured in Vogue magazine. For Avido, his designs have a dual purpose: both to show to the world what can come from the impoverished Nairobi neighborhood where he was born and raised, and to make it a better place. Last year, the 27-year-old designer launched Kibera Fashion Week and the second...
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Kuwait halts celebrations in solidarity with Palestinians
KUWAIT: The Kuwait government announced on Thursday that it would halt all celebrations and concerts in solidarity with the brotherly Palestinians and the blessed martyrs. The government Communication Center said on its X website that the decision came to affirm Kuwait's permanent stand in support of the Palestinian cause. It is intended to demonstrate solidarity with the brotherly Palestinians who are subject to deadly Zionist aggression.Kuwait...
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Traffic department to review licenses
KUWAIT: The Traffic Department in the six governorates has received directives to review all driving licenses of expatriates after the department completed the cancellation of driving licenses, sources said. The department has revoked the licenses of hundreds of expats who forfeited the conditions for obtaining them and those who did surrender the licenses they possessed to the administration.The sources said they are still driving their vehicles...
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Iran calls on Arab, Islamic nations to confront Zionists
TEHRAN: Iranian President Ebrahim Raisi has called on Islamic and Arab countries to cooperate in confronting Zionists as it wages a deadly war triggered by a surprise attack by Palestinian militant group Hamas. Hamas’s weekend onslaught saw hundreds of fighters cross into the border in vehicles, by air and by sea, killing 1,200 people and seizing 150 hostages under the cover of a deluge of rockets. About another 1,200 people have been killed in...
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Former F1 boss Bernie Ecclestone escapes jail in UK court fraud case
LONDON: Former Formula One supremo Bernie Ecclestone on Thursday received a non-custodial sentence after pleading guilty in a UK court to charges of failing to declare a multi-million-pound trust in Singapore to the British tax authorities. The 92-year-old, wearing a dark suit and grey tie, told London’s Southwark Crown court: “I plead guilty.” He was handed a 17-month sentence suspended for two years, meaning he will only serve jail time...
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Jabeur rides roller coaster on way to Zhengzhou last eight
SHANGHAI: World number seven Ons Jabeur defied a bad knee on Thursday to finally defeat Italian Lucia Bronzetti 6-3, 7-6 (7/5) and reach the quarter-finals of the Zhengzhou Open. Playing with her right knee taped, the Tunisian three-time Grand Slam finalist failed to serve out the victory on three occasions and needed five match points to move past the 63rd-ranked Italian in just under two hours. A champion in Ningbo two weeks ago, Jabeur will...
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Rohit’s record ton powers India to World Cup win over Afghanistan
NEW DELHI: Captain Rohit Sharma on Wednesday surpassed compatriot Sachin Tendulkar with a record seventh World Cup century to lead India to a crushing eight-wicket win over Afghanistan. Chasing 273 for victory in New Delhi, the hosts rode on Rohit’s 131 to achieve their target in 35 overs for a second straight win in the 50-over showpiece event. He brought the nearly packed house to its feet with his century off 63 balls to go past...