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CALIFORNIA: A bicyclist passes by Twitter headquarters in San Francisco, California. After months of controversy, Elon Musk is now at the head of one of the most influential social networks on the planet, whose 'tremendous potential' he has promised to unleash. - AFP
Musk's takeover of Twitter sparks worries and cheers
WASHINGTON: Elon Musk's acquisition of Twitter sparked both concern and celebrations among users Friday, with many expecting radical changes in how the platform regulates comments. US billionaire Mark Cuban, known for his role on the "Shark Tank" entrepreneur reality show, said sardonically that he was "looking forward to" Musk captaining Twitter."He is a ready, fire, aim entrepreneur who will...  flex his independence to show everyone who's in...
MUNICH: Visitors check out exhibits on the outdoor area of the 'Bauma 2022' Trade Fair for Construction Machinery, Building Material Machines, Mining Machines, Construction Vehicles and Construction Equipment in Munich, southern Germany.- AFP n
Recession fears stalking Europe despite surprise German growth
FRANKFURT: Germany's economy unexpectedly grew in the third quarter, official data showed, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession. Europeans are bracing for a difficult winter as Russia crimps gas supplies in the wake of the Ukraine war, raising the specter of energy shortages and worsening a cost-of-living squeeze for millions. Despite the gloomy outlook,...
BAHIA STATE: A backhoe excavator pours Vanadium ore into a truck at Canadian based Strategic Mineral Company Largo Resources’ pit, near Maracas, in Bahia state. Vanadium is primarily used as an alloy to strengthen steel for construction, automobile and aerospace industries. – AFP
Canada changes rules, exerts control over critical minerals
OTTAWA: Canada has changed its investment rules to make it more difficult for foreign state-owned companies to buy into the critical minerals sector. The new stance followed a backlash over China's moves to secure supplies in Canada of dozens of essential elements such as cobalt, lithium and manganese that are used in solar panels, wind turbines and electric vehicle batteries. Investments by foreign state-owned enterprises in Canada's critical...
KUWAIT: People visit a vintage car exhibition Marina Crescent on Friday. – Photos by Yasser Al-Zayyat
Gulf's largest vintage car exhibition wows visitors
By Majd OthmanKUWAIT: Under the sponsorship of former National Assembly Speaker Marzouq Al-Ghanem and number of private companies, Q8 Old Cars Team held on Friday the 2022-2023 season's biggest vintage car gathering in the GCC at Marina Crescent. The event was held in the presence of a number of Gulf and Kuwaiti vintage car enthusiasts, where participants displayed their vintage cars manufactured more than 70 years ago.The exhibition provided...
MEXICO CITY: Red Bull Racing’s Mexican driver Sergio Perez races during the second practice session for the Formula One Mexico Grand Prix at the Hermanos Rodriguez racetrack in Mexico City on October 28, 2022. – AFP
Red Bull fined $7 million for breaking F1's budget rules
MEXICO CITY: Red Bull have been fined $7 million for breaking Formula One's budget rules but will not have points deducted from their 2021 total, the sport's governing body said Friday. Red Bull will also be penalized with a 10% reduction in permitted aerodynamic research. The FIA confirmed the team, which carried Max Verstappen to a contentious championship victory over Lewis Hamilton last year, overspent by £1.86 million ($2.15 million) in...
BOSTON: Donovan Mitchell #45 of the Cleveland Cavaliers takes a shot against Luke Kornet #40 of the Boston Celtics during the second half at TD Garden on October 28, 2022.- AFP
LeVert, Mitchell score 41 each as Cavs top Celtics
WASHINGTON: Caris LeVert scored Cleveland's last 10 points in overtime and sparked the Cavaliers to a 132-123 NBA victory at Boston on Friday. LeVert and Donovan Mitchell each scored a game-high 41 points as the Cavaliers improved to 4-1 while Jaylen Brown and Jayson Tatum each had 32 to lead the Celtics. "I knew it was coming," LeVert said of his big night. "I put in a lot of work. I was due for this. We're having so much fun out here. We can't...
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Third Annual Shooting Tournament in Kuwait
By Abdellatif SharaaKUWAIT: The first tournament of HH the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah third Annual Shooting Tournament was concluded at the ranges of Kuwait Shooting Sport Club, Jahra Branch in juniors Air pistol and rifle. Torky Abdallah Al-Mutairi won the gold medal for the 10 meter air rifle, followed by Salem Saud Dahash and Abdelrahman Fahad Al-Enezi respectively.Ali Suleiman Ahmad won the gold medal of the 10...
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Padel now grabbing attention of Kuwait kids too
KUWAIT: The spread of Padel sport in Kuwait is not limited since the past two years to young men or women, but it is now also getting more attention from children and adolescents. With the widespread of Padel courts in various parts of the country, kids are learning the game so rapidly.Children are now adapting to the game and it has become common to see children and young people playing this beloved sport, especially as it combines tennis and...
His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah
Kuwait leaders congratulate Saudi King
KUWAIT: His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah sent a cable to Saudi King Salman bin Abdulaziz Al-Saud, congratulating him on the 8th anniversary of assuming office. His Highness the Amir praised the brotherly relations that the two countries share and commended all the accomplishments the Kingdom has achieved. He also wished the King good health and the kingdom further development and prosperity under his reign.Also, His...
The National Assembly.
Finance minister, panel agree on Kuwait budget
By B IzzakKUWAIT: The National Assembly Budgets Committee met yesterday with Finance Minister Abdulwahab Al-Rasheed to sort out objections on the state budget for fiscal year 2022/2023 raised by lawmakers on Tuesday. Head of the committee MP Adel Al-Damkhi said that it was agreed with the minister to add some KD 420 million to the budget to account for additional payments to employees.KD 300 million will be allocated to government employees who...
WASHINGTON: Kuwait’s ambassador to US Jasem Al-Budaiwi takes a group photo with Secretary of State of Nebraska Robert Evnen, Congressman Don Bacon and other officials. — KUNA
Kuwait ambassador explores investment opportunities in US
WASHINGTON: Kuwait's ambassador to United States Jasem Al-Budaiwi visited the state of Nebraska this week where he held talks with top Nebraskan officials focused on food security cooperation and investment opportunities in Kuwait. The aim of the visit is to connect with US states to boost the cooperation on all levels, mainly in the fields of food security and agriculture exchange.During his visit, Ambassador Al-Budaiwi met with several top...
CAIRO: Photo shows Egyptian pound and US dollar banknotes. - AFP
Egypt, IMF ink loan deal; pound hits new low
CAIRO: Egypt has clinched a $3 billion loan deal with the International Monetary Fund conditioned on a currency depreciation and state subsidy cuts, the government said Thursday. The Egyptian pound shed 17 percent of its value against the dollar after the staff agreement was announced. Egypt has been battered by inflation and is among the world's top five countries most at risk of defaulting on its foreign debt, according to the international...