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NEOM, Saudi Arabia:  This handout photo provided by Saudi Arabia’s NEOM shows the design plan for the 500-metre tall parallel structures, known collectively as The Line, in the heart of the Red Sea megacity NEOM. Saudi Arabia was chosen to host the 2029 Asian Winter Games at a $500 billion futuristic megacity in the desert that planners say will feature a year-round winter sports complex. – AFP
Saudi desert megacity to host Winter Games
RIYADH: Saudi Arabia was chosen on Tuesday to host the 2029 Asian Winter Games at a $500 billion futuristic megacity in the desert that planners say will feature a year-round winter sports complex. "The deserts and mountains of Saudi Arabia will soon be a playground for winter sports," the Olympic Council of Asia (OCA) said in a statement on the decision made during its general assembly meeting in Phnom Penh.The Saudi bid was "unanimously...
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Kuwait's Ramadan ranks 2nd in MotoSurf Championship
KUWAIT: Ramadan Al-Fares, of Kuwait, secured the second place at fourth and final round of the junior race of 2022 UIM MotoSurf World Championship, held at the Croatian Adriatic Sea resort of Zadar, on Monday.This victory raised his general ranking in the championship to the third place. In statements to KUNA, Ramadan voiced joy for being able to make this achievement amid fierce competition among 70 competitors from 20 countries. He lauded the...
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Arab clubs vie for glory in basketball championship
By Abdellatif Sharaa, AgenciesKUWAIT: 16 Arab basketball clubs, including a trio from host-nation Kuwait, will be competing for top honors as a pan-regional championship kicks off on Wednesday. The championship's maiden contest will feature hosts Al-Kuwait club against Libya's Ahli Benghazi, while Al-Jahra, another Kuwaiti side, will go up against Iraq's Dijlah.A day before the championship begins, Kuwaiti basketball Federation Chief Rashaid...
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Iran Futsal team thrash Vietnam
By Abdellatif SharaaKUWAIT: Iran Futsal team defeated Vietnam 8-1 and reached the semi-final of the AFC Futsal Asian Cup Kuwait 2022 Championship. Iran's goals were scored by Hasaan Teebi, Salar Aghabour, Ali Redha Rafie, Mohammad Hussein Bazyar, Mousam Ouladghobad and Ahmad Saeed Abbasi, while Vietnam's lonely goal was scored by Vam Douk Hua in the 38th minute.Meanwhile, Head of the Medical Department at KFA Dr Abdelmajeed Al-Bannai said issues...
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Boursa Kuwait stocks surge
KUWAIT: Boursa Kuwait stocks surged on Tuesday with its General Index rising 204.5 points to close at 7186.53 points, an increase of 2.9 percent. About 295.8 million stocks were traded through 17,434 cash transactions for KD 77.6 million ($235.12 million).The Main Market Index has risen 93.07 points to reach 5,377.55 points with an increase of 1.7 percent through trading 174.5 million stocks through 66,727 transactions for KD 15.8 million ($47.8...
BIRMINGHAM: Britain's Prime Minister Liz Truss (left) and Britain's Chancellor of the Exchequer Kwasi Kwarteng wearing hard hats and hi-vis jackets, visit a construction site for a medical innovation campus in Birmingham, central England, on October 4, 2022. – AFP
UK's embattled govt stares at new U-turn on economy
LONDON: Britain's Prime Minister Liz Truss defended her contentious plan to kick-start economic growth through tax cuts, despite expectations Tuesday of a second damaging U-turn. Fresh from a humiliating climbdown on cutting income tax for the richest, Truss and Chancellor of the Exchequer Kwasi Kwarteng were set to bring forward a major debt reduction plan, the Financial Times and others reported.Its unveiling will come later this month rather...
SYDNEY: Indicator boards are seen as people are reflected in the window of the Australian Securities Exchange (ASX) in Sydney, Australia. – AFP
Australia hikes rates less than forecast, boosting equities
SYDNEY: Australia raised interest rates less than expected Tuesday, boosting stocks and dragging the local dollar lower, as officials grow concerned about a slowing global economy sparked by rising borrowing costs and surging prices. While the Reserve Bank of Australia's 0.25 percentage point hike took the cash rate to a nine-year high of 2.60 percent, the increase was half what had been forecast as it joins others around the world in trying to...
WASHINGTON: US Treasury Secretary Janet Yellen speaks with Securities and Exchange Commission (SEC) Chair Gary Gensler (right) during a meeting with the Treasury Department's Financial Stability Oversight Council at the US Treasury Department on October 03, 2022 in Washington, DC. - AFP
Why crypto's big 'merge' is causing big headaches
PARIS: The biggest software upgrade in the short history of crypto has fulfilled its promise to wipe out more than 99 percent of the electricity used by the second-biggest cryptocurrency, experts have told AFP. That is no mean feat, given that the Ethereum blockchain was burning through about as much electricity as New Zealand.Skeptics had expected glitches with the upgrade, known as "the merge", but it ended up being a "rather boring event",...
Member of the Nobel Committee for Physiology or Medicine Anna Wedell explains the research field of the winner of the 2022 Nobel Prize in Physiology or Medicine Svante Paabo, during a press conference at the Karolinska Institute in Stockholm, Sweden, on October 3, 2022. – AFP
Nobel shines light on paleogenetics, study of ancient DNA
While some may have been surprised that the Nobel Prize in Medicine was awarded to a paleogeneticist Monday, researchers say understanding our distant ancestors helps explain modern human health-even when it comes to COVID. New Nobel laureate Svante Paabo is considered the father of both paleogenetics and paleogenomics, which aims to reconstruct the genetic information of long extinct human relatives.But the prize may have led some to wonder why...
In this file photo, Indian staff from the Indian Space Research Organization (ISRO) watch as the Mars Orbiter Spacecraft (MoM) successfully enters the Mars orbit on a screen from a gallery at the ISRO Telemetry, Tracking and Command Network (ISTRAC). – AFP
India loses contact with budget Mars orbiter after years
India has lost contact with its Mars orbiter, eight years after the low-cost probe made it the first Asian nation with a spacecraft circling the red planet, its space agency said. Although "designed for a life-span of six months as a technology demonstrator, the Mars Orbiter Mission has lived for about eight years in the Martian orbit with a gamut of significant scientific results", the Indian Space Research Organization (ISRO) said Monday.The...
US actress Kristen Stewart (center) and Charlotte Casiraghi arrive arrives at the Chanel Spring-Summer 2023 fashion show as part of the Paris Womenswear Fashion Week, in Paris, on October 4, 2022. - AFP
Actor Kristen Stewart stars at Chanel show
Actor Kristen Stewart starred in a cinematic tribute by Chanel on the final day of Paris Fashion Week on Tuesday. The show opened with a short film starring the Stewart in which she exits a Paris cinema after watching the 1961 classic "Last Year at Marienbad".The house's founder, Gabrielle Chanel-better known as Coco Chanel-made the costumes for the ultra-stylish New Wave film, and some of the looks were recreated on the catwalk, including the...
US model Bella Hadid presents a creation for Thom Browne during the Spring-Summer 2023 fashion show as part of the Paris Womenswear Fashion Week, in Paris, on October 3, 2022. – AFP photos
Bella Hadid’s spray on dress: Paris fashion week highlights
From a spray-painted dress on Bella Hadid to a very muddy Kanye West and a surprise cameo by Cher, there were some viral moments at Paris Fashion Week, which concludes on Tuesday. Here are some of the highlights from the spring-summer 2023 womenswear shows.Spray-canned BellaThe most talked-about dress of the week came out of a nozzle. Coperni stole the show when a scantily-clad Hadid had a white dress sprayed on to her by assistants, live on the...