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Lucid CEO Peter Rawlinson. US electric carmaker Lucid Motors announced on Monday that it will go public via a merger with a company that values it at $24 billion. -- AFP n

Electric carmaker start-up Lucid Motors to go public

Lucid CEO Peter Rawlinson. US electric carmaker Lucid Motors announced on Monday that it will go public via a merger with a company that values it at $24 billion. - AFPSAN FRANCISCO: US electric carmaker Lucid Motors announced Monday that it will go public via a merger with a company that values it at $24 billion. The California-based start-up has chosen to go through a SPAC, or "Special Purpose Acquisition Company," which is a company with no...

LONDON: In this file photo, British ten pound sterling notes are arranged for a photograph in London. The pound held gains yesterday above $1.40 -- reaching its highest levels since April 2018 -- as the British vaccine drive progresses well. - AFPnnn

Vaccine hopes boost British pound

LONDON: In this file photo, British ten pound sterling notes are arranged for a photograph in London. The pound held gains yesterday above $1.40 -- reaching its highest levels since April 2018 -- as the British vaccine drive progresses well. - AFPLONDON: The British pound continued a frantic two-month rise against the euro and the dollar, reaching new highs this week in a sign of traders' enthusiasm for the country's vaccination roll-out. Just...

HSBC ramps up Asia pivot as virus hammers profits

Pedestrians walking past the logo for HSBC in Hong Kong. – AFPHONG KONG: HSBC yesterday vowed to accelerate its Asia pivot despite spiraling tensions between China and the West after it reported a 30 percent plunge in profits for 2020 due to the coronavirus pandemic. Reported profit after tax came in at $6.1 billion, which the bank blamed primarily on higher-than-expected credit losses and other bad debt charges.The results came as HSBC...

KAWASAKI: In this file photo taken on September 23, 2020 Yokohama FC forward Kazuyoshi Miura (right) is tackled by Kawasaki Frontale forward Leandro Damiao during the J-League football match between Kawasaki Frontale and Yokohama FC at Todoroki Athletics stadium in Kawasaki. - AFPn

Golden oldie 'King Kazu' leads Japan's football veterans

KAWASAKI: In this file photo taken on September 23, 2020 Yokohama FC forward Kazuyoshi Miura (right) is tackled by Kawasaki Frontale forward Leandro Damiao during the J-League football match between Kawasaki Frontale and Yokohama FC at Todoroki Athletics stadium in Kawasaki. - AFPTOKYO: Japan's Peter Pan striker Kazuyoshi Miura is preparing to play another season despite turning 54 this week, but he is far from his country's only footballing...

JEBEL HAFEET: UAE Team Emirates' Slovenian cyclist Tadej Pogacar celebrates upon crossing the finish line to win the third stage of the UAE Cycling Tour from Al-Ain to Jebel Hafeet yesterday. - AFPn

Pogacar in control after UAE Tour climb stage win

JEBEL HAFEET: UAE Team Emirates' Slovenian cyclist Tadej Pogacar celebrates upon crossing the finish line to win the third stage of the UAE Cycling Tour from Al-Ain to Jebel Hafeet yesterday. - AFPJEBEL HAFEET: UAE Emirates rider Tadej Pogacar took a major step towards victory in his team's home cycling Tour winning the first climbing stage yesterday to strengthen his hold on the overall lead. The Tour de France champion had already started the...

MOENCHENGLADBACH: Moenchengladbach's players take part in a training session on the eve of the UEFA Champions League, last 16, first-leg football match Borussia Moenchengladbach v Manchester City in Moenchengladbach, western Germany yesterday. - AFPn

Gladbach face Man City with Rose under pressure

MOENCHENGLADBACH: Moenchengladbach's players take part in a training session on the eve of the UEFA Champions League, last 16, first-leg football match Borussia Moenchengladbach v Manchester City in Moenchengladbach, western Germany yesterday. - AFPBERLIN: Borussia Moenchengladbach take on high-flying Manchester City in the Champions League tonight with the German club's coach Marco Rose struggling to deal with the fall-out from the announcement...

BUCHAREST: Atletico players attend a training session on the eve of the UEFA Champions League round of 16 first leg football match between Club Atletico de Madrid and Chelsea at the Arena Nationala stadium in Bucharest yesterday. - AFPn

Spain looks to Real, Atletico to halt Liga decline

BUCHAREST: Atletico players attend a training session on the eve of the UEFA Champions League round of 16 first leg football match between Club Atletico de Madrid and Chelsea at the Arena Nationala stadium in Bucharest yesterday. - AFPMADRID: "Sign him up Florentino," Real Madrid's fans wrote on Twitter before Zinedine Zidane was asked if he sent a message to the club's president Florentino Perez. Kylian Mbappe had just destroyed Barcelona at...

In this undated handout image, a curator at the National Museum of Norway uses an infrared scanner in the quest to reveal author of hidden graffiti on Edvard Munch's original painting of The Scream in Oslo.-AFP

Munch wrote 'madman' tag on 'Scream' painting, museum rules

In this undated handout image, a curator at the National Museum of Norway uses an infrared scanner in the quest to reveal author of hidden graffiti on Edvard Munch's original painting of The Scream in Oslo.-AFPA mysterious inscription on Edvard Munch's famed painting "The Scream" has baffled the art world for years, but Norwegian experts have now concluded it was written by none other than the artist himself. Barely visible to the naked eye, the...

Traditional owner Ian Waina inspecting a painting of a kangaroo that is at least 12,300 years old, based on the age of wasp nests over the paint.-www.abc.net.aun

Kangaroo painting Australia's oldest Aboriginal rock art

Traditional owner Ian Waina inspecting a painting of a kangaroo that is at least 12,300 years old, based on the age of wasp nests over the paint.-AFPA kangaroo painting created over 17,000 years ago by Aboriginal artists has been identified-with a little help from some ancient wasps-as Australia's oldest intact rock art. The two-meter-long (six-feet) artwork on the sloped ceiling of a rock shelter in Western Australia's Kimberley region was...

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Allen says new documentary 'riddled with falsehoods'

In this file photo US director Woody Allen and his wife Soon-Yi Previn pose as they arrive for the screening of the film "Cafe Society" during the opening ceremony of the 69th Cannes Film Festival.-AFPOscar-winning director Woody Allen described a new documentary that details his alleged sexual abuse of his young adoptive daughter Dylan Farrow as "a hatchet job riddled with falsehoods." HBO broadcast the first episode of the four-part series...

In this file photo US President Barack Obama looks on after presenting musician Bruce Springsteen with the Presidential Medal of Freedom.-AFP n

Two bosses, one 'American ideal': Bruce and Barack make a podcast

In this file photo US President Barack Obama looks on after presenting musician Bruce Springsteen with the Presidential Medal of Freedom.-AFPStreaming giant Spotify on Monday unveiled a new show featuring two American cultural heavyweights: rock star Bruce Springsteen and former US president Barack Obama. Two episodes of the eight-show audio series "Renegades: Born in the USA" are now available online. It's a marketing coup for Spotify, which...

The National Assemblyn

Govt wants to withdraw KD 5bn annually from future generations fund

The National AssemblyBy B IzzakKUWAIT: The government yesterday sent a draft law to the National Assembly seeking to withdraw KD 5 billion annually from the future generations fund to meet an ever-rising budget deficit due to low oil prices. The draft law stipulates to allow the government to withdraw a maximum of KD 5 billion from the future generations fund in favor of the general reserve fund, which provides for government expenditures.Under...

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MUMBAI: A vendor counts a wad of Indian rupees. - AFP

Indian rupee hits record low amid geopolitical jitters

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Flag of Kuwait, visa application form and passport on table

Why small-scale project visas can be problematic

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KUWAIT: Kuwaitis walk inside the Avenues Mall, the country’s largest shopping centre. The Public Authority for Civil Information (PACI) issued the latest detailed statistics on population and employment at the end of June 2024. The data shows that total population in Kuwait reached 4.919 million people. - Photo by Yasser Al-Zayyat

Kuwait population hits 4.919 million

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DHAKA: Anti-government protestors display Bangladesh's national flag as they storm Prime Minister Sheikh Hasina's palace on Aug 5, 2024. - AFP

People power rocks Bangladesh

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Al-Sawaber Complex

Kuwait’s historic buildings should be preserved