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IMF calls for 'prudent' fiscal strategies amid slow growth
WASHINGTON: Managing current high levels of debt will become increasingly difficult if the economic outlook continues to deteriorate and borrowing costs rise further, the Washington-based lender warned in a blog post. "Governments should adopt fiscal strategies that help reduce inflationary pressures now and debt vulnerabilities over the medium term, including by containing expenditure growth - while protecting priority areas, including support...
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ECB considers smaller rate hike on 'peak inflation' expectation
BRUSSELS: Growing hopes that the eurozone's red-hot inflation is nearing its peak could prompt European Central Bank policymakers to opt for a smaller rate hike on Thursday, observers said. Following two consecutive interest rate hikes of 75 basis points, markets are on tenterhooks to see whether the ECB will keep up the aggressive pace or downshift to 50 basis points as the region braces for a winter recession.This week's meeting of the ECB's...
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Huawei Mate50 Pro: the futuristic tech flagship smartphone
KUWAIT: Huawei announced the launch of the latest member of its flagship Mate series, the Huawei Mate50 Pro, and celebrated the fourth anniversary of the Huawei AppGallery in the MEA region. The Huawei Mate50 Pro comes equipped with a range of cutting-edge technologies, breaking new ground and expanding the scope of what users can expect from a smart device.The Huawei Mate50 Pro represents a major step forward in smartphone aesthetics, thanks to...
People walk on a street past dilapidated buildings, in Saint-Louis.- AFP photos
Restoring French West Africa's capital to its original splendor
An intricately detailed balcony, a coat of fresh paint and large bay windows opening onto the street: this house, in Saint-Louis, northern Senegal, has regained its former glory. Next to it, one building has been gutted and another is about to collapse. The house is one of several that have recently been refurbished, part of a movement to renew the face of Saint-Louis, the former colonial capital of French West Africa, which has been a UNESCO...
(Left to right) Guest, Oscar Isaac, guest and Colin Farrell attend the after party of Searchlight Pictures’ ‘The Banshees Of Inisherin’ at DGA Theater in New York City. – AFP photos
'Banshees of Inisherin' tops nominations as Golden Globes attempt comeback
Irish black comedy "The Banshees of Inisherin" topped the Golden Globes nominations Monday, as the scandal-struck Hollywood award show attempts to rebuild its reputation following last year's boycott by A-listers and studios. The movie from Disney-owned Searchlight Pictures picked up a whopping eight nods, including nominations for its star Colin Farrell, director Martin McDonagh, and for best comedy or musical - the most achieved by any film...
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'Wakanda' stays on top on dismal film weekend
Disney and Marvel's "Black Panther: Wakanda Forever" has again led the North American box office, industry watcher Exhibitor Relations reported Sunday, but the film's estimated weekend take of just $11.1 million reflected a deep slump in moviegoing. Hollywood has suffered from a dearth of big new films and the growing popularity of home streaming services. This weekend's top 12 films grossed under $35 million, one of the year's worst totals,...
NASA’s unmanned Orion spaceship comes in for a splashdown in the Pacific Ocean off Baja California, Mexico, on December 11, 2022. 
NASA capsule Orion splashes down after record-setting voyage
NASA's Orion space capsule splashed down safely in the Pacific on Sunday, completing the Artemis 1 mission - a more than 25-day journey around the Moon with an eye to returning humans there in just a few years. After racing through the Earth's atmosphere at a speed of 25,000 miles per hour, the uncrewed capsule floated down to the sea with the help of three large orange and white parachutes, as seen on NASA TV. "I don't think any one of us could...
French actor Vincent Cassel and his wife French model Tina Kunakey arrive for the Jacquemus fashion show in the Paris suburb of Le Bourget on December 12, 2022.
Designer Jacquemus - from micro-bag to massive success
His micro-bag is on the fingers of the biggest celebrities, and he operates by his own timetable - Simon Porte Jacquemus has forged a singular and hugely successful path in the fashion game at the age of just 32.  The French designer holds his latest show just outside Paris on Monday - again choosing to ignore the usual calendar of fashion events. He last showed at Paris Fashion Week in 2020. He has often preferred other locations, such as the...
KUWAIT: Representatives of Alghanim Industries with Jasem Al-Budaiwi, Ambassador of Kuwait to the United States.
Alghanim Industries sponsors 38th annual NUKS-USA conference
KUWAIT: Alghanim Industries (Kutayba Alghanim Group), one of the largest private companies in the region, recently concluded its sponsorship of the 38th annual National Union of Kuwaiti Students (NUKS) conference as the US division of the organization held its yearly session in Los Angeles, California, from 24 to 27 November. The conference was additionally sponsored by HH the Prime Minister Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah in the presence of...
KUWAIT: The Liberation Tower, the 372-meter-high telecommunications tower and the minaret of a mosque are seen juxtaposed with each other in a telescopic shot in Kuwait. – Photo by Yasser Al-Zayyat
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CBK chief honors graduates of risk management program
KUWAIT: The Central Bank of Kuwait (CBK) Governor and Chairman of the Institute of Banking Studies (IBS), Basel A Al-Haroon, honored the graduates of the Risk Management Leaders Program (Group II) at the CBK on Monday. The program was held between May 16, 2022 to October 28, 2022. This is one of the "Kafa'a" initiative programs launched by the CBK in cooperation with Kuwaiti banks and Institute of Banking Studies with the aim to develop national...
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Social Affairs sponsors 'safe childhood' meet
KUWAIT: Head of the International Women's Empowerment and Capability Building Organization Ebtisam Al-Quood announced the organization of the 40th edition of an international conference titled 'The rights of children between protection and care (safe childhood)' under the sponsorship of Social Affairs Minister Mai Al-Baghli from Dec 12 to 14."This conference comes within exceptional circumstances after the COVID pandemic, which presented a number...
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Four new ministers in Cabinet
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Khalifa Abdullah Dhahi Al-Ajeel Al-Askar Minister of Commerce and Industry
Biographies of the new ministers
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Brig Yousef Al-Ayoub
Over 65,000 iqama violators benefited from grace period
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Kuwait-based high school students secure patent for healthcare robot
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VIENNA: Representatives of OPEC member countries attend a press conference after the 45th Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna, Austria in this file photo. – AFP
OPEC+ faces moment of truth on planned output increase