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A Moody's sign on the 7 World Trade Center tower is photographed in New York August 2, 2011.   Behind all too many of market moves in government debt of late has been a report from one of the major credit ratings agencies. Standard & Poor's is the biggest and arguably the most influential, fast followed by Moody's Investor Service and then their smaller rival, Fitch Ratings. In national capitals, they are alternately villified by politicians or held out as just arbiters for denouncing government profligacy.   REUTERS/Mike Segar   (UNITED STATES - Tags: BUSINESS POLITICS) - RTR2PK60
Moody's downgrades Kuwait's issuer rating to A1, changes outlook to stable
NEW YORK: Moody's Investors Service, ("Moody's") has downgraded Kuwait's long-term foreign and local currency issuer rating to A1 from Aa2, and changed the outlook to stable, concluding the review for downgrade initiated on 30 March 2020. The decision to downgrade the ratings reflects both the increase in government's liquidity risks and a weaker assessment of Kuwait's institutions and governance strength. In the continued absence of legal...
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Boursa Kuwait sponsors '2020 MEIRA Virtual Annual Conference and Awards'
Fahad Al-Besher KUWAIT: In line with its longstanding partnership with the Middle East Investor Relations Association (MEIRA) and its Kuwait chapter, and as part of its commitment to playing a vital role in the development of the practice of investor relations, Boursa Kuwait sponsored the '2020 MEIRA Virtual Annual Conference and Awards' event, themed MEIRA 20/20 Vision: Driving Stakeholder Value.The two-day virtual conference, which took place...
A man wearing a face mask or covering due to the COVID-19 pandemic, walks across Waterloo Bridge, backdropped by the skyscrapers of the City of London, on September 22, 2020. - The British government announced fresh steps Tuesday to try and stop a coronavirus surge in England, as the World Health Organization warned that new cases worldwide soared to almost two million last week in a grim new record. The measure included early closing time for pubs and restaurants, a resumption of advice for people to work from home, coupled with new penalties for breaking the rules. (Photo by Ben STANSALL / AFP)
No-deal Brexit could hit British economy more than COVID-19
LONDON: A man wearing a face mask or covering due to the COVID-19 pandemic, walks across Waterloo Bridge against the backdrop of the skyscrapers of the City of London.-AFP LONDON: A "no-deal" Brexit could be three times more costly to Britain's economy in the long term than the coronavirus outbreak, a new study published Tuesday warned. The think-tank UK in a Changing Europe said the political and economic effects of the pandemic were likely to...
(FILES) In this file photo taken on March 24, 2020 shows Telsa employees work outside a Tesla showroom in Burbank, California. - Tesla on September 22, 2020, said it is slashing battery costs to speed a global shift to renewable energy, and could have a $25,000 model available in three years or so. (Photo by Robyn Beck / AFP)
Tesla cuts battery cost on road to $25K model
Telsa employees work outside a Tesla showroom in Burbank, California. Tesla on Tuesday said it is slashing battery costs to speed a global shift to renewable energy, and could have a $25,000 model available in three years or so. - AFP SAN FRANCISCO: Tesla on Tuesday said it is slashing battery costs to speed a global shift to renewable energy, and could have a $25,000 self-driving model available in three years or so. Chief executive Elon Musk...
Creations by Spanish designer Emilio de la Morena are pictured alongside artworks, during a press preview for a presentation entitled 'Troubles' for his Spring/Summer 2021 fashion collection, during London Fashion Week in central London, on September 21, 2020. (Photo by Glyn KIRK / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION
Lockdown inspires Beckham, de la Morena at fashion week
Creations by Spanish designer Emilio de la Morena are pictured alongside artworks, during a press preview for a presentation entitled 'Troubles' for his Spring/Summer 2021 fashion collection, during London Fashion Week in central London.-AFP photos Many people struggled with the coronavirus lockdown but for designers Victoria Beckham and Emilio de la Morena, showing at London Fashion Week on Monday, it was a source of inspiration. "Limitations...
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Zynga out to cast spell with Harry Potter mobile game
Social gaming giant Zynga yesterday kicked off its global launch of a free puzzle game based on the beloved wizarding world of Harry Potter. "Harry Potter: Puzzles & Spells" is available on Apple and Google mobile devices and also on Facebook and Amazon Kindle, San Francisco-based Zynga said."When the Harry Potter series first came to theatres, it was one of those rare moments when everyone was reading the same book, talking about the same film...
ORLANDO, FL - SEPTEMBER 22: Kyle Kuzma #0 of the Los Angeles Lakers drives to the basket against the Denver Nuggets during Game Three of the Western Conference Finals on September 22, 2020 in Orlando, Florida at AdventHealth Arena. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2020 NBAE   Nathaniel S. Butler/NBAE via Getty Images/AFP
Denver Nuggets hold off Lakers
ORLANDO: Kyle Kuzma #0 of the Los Angeles Lakers drives to the basket against the Denver Nuggets during Game Three of the Western Conference Finals on September 22, 2020. - AFP ORLANDO: Jamal Murray scored 28 points as the Denver Nuggets held off a ferocious late fightback from the Los Angeles Lakers to roar back into contention in the Western Conference finals series on Tuesday. Murray nailed two crucial late three-pointers in the closing...
Sadd's forward Baghdad Bounedjah celebrates after scoring during the AFC Champions League group D match between Qatar's Al-Sadd and Saudi's Al-Nassr on September 21, 2020, at the Jassim Bin Hamad Stadium in the Qatari capital Doha. (Photo by KARIM JAAFAR / AFP)
Qatar's Al Sadd book Asian Champions League last 16
DOHA: Sadd's forward Baghdad Bounedjah celebrates after scoring during the AFC Champions League group D match between Qatar's Al-Sadd and Saudi's Al-Nassr at the Jassim Bin Hamad Stadium in the Qatari capital Doha. – AFP DOHA: Qatar's Al Sadd made the last 16 of the Asian Champions League after Group D rivals Sepahan and Al Ain could only manage a goalless draw. A 1-1 draw for Xavi's side against Al Nassr made no difference to their...
LOS ANGELES, CALIFORNIA - SEPTEMBER 22: The Los Angeles Dodgers pose for a team picture, after a 7-2 win over the Oakland Athletics, to win the National League West Division at Dodger Stadium on September 22, 2020 in Los Angeles, California.   Harry How/Getty Images/AFPn== FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
Indians punch playoff ticket with walk-off HR; Giants beat Rockies
LOS ANGELES: The Los Angeles Dodgers pose for a team picture, after a 7-2 win over the Oakland Athletics, to win the National League West Division at Dodger Stadium on September 22, 2020. - AFP CHICAGO: Jose Ramirez belted a three-run homer in the 10th inning as the host Cleveland Indians clinched a postseason berth in dramatic fashion with a 5-3 victory over the Chicago White Sox on Tuesday. Chicago appeared poised to prevent Cleveland from...
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OPPO launches Reno4 series in Middle East
KUWAIT: Global technology brand, OPPO, yesterday announced the launch of OPPO Reno4 Series in the Middle East. The OPPO Reno4 Series which includes Reno4 Pro 5G, Reno4 Pro and Reno4, make it easier than ever to capture creative portraits and imaginative videos at night. Starting today, 23 September and exclusively for a week, customers will be rewarded when they pre-order their new Reno4 smartphone - available while stocks last across major...
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Our verdict on the new HUAWEI Y9a: It's set to be another success story!
KUWAIT: When it comes to entry level smartphones, the usual consensus is to expect limited or downgraded features in a basic design, focusing more in functionality than appearance. However, Huawei's Y series is known for breaking that stereotype, introducing more devices into its successful Y series with powerful features, great performance and stunning good looks. The latest addition to the series, the HUAWEI Y9a, continues this trend with a...
(FILES) In this file photo taken on June 14, 2018 Muslim worshippers gather at the Grand Mosque in Islam's holiest city of Mecca as Muslims perform the Umrah or lesser pilgrimages. - Saudi Arabia will gradually resume the year-round umrah pilgrimage for Muslims from October 4, the interior ministry said on September 23, 2020 seven months after it was suspended because of the coronavirus pandemic. (Photo by Bandar al-DANDANI / AFP)
Saudi Arabia to resume umrah from October 4
MAKKAH: In this file photo taken on June 14, 2018, worshippers and pilgrims gather at the Grand Mosque. - AFP RIYADH: Saudi Arabia will gradually resume the year-round umrah pilgrimage for Muslims from Oct 4, the interior ministry said Tuesday, seven months after it was suspended because of the coronavirus pandemic. The kingdom had suspended the umrah in March and later scaled back the annual hajj in a blow to millions of pilgrims around the...