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COLOMBO: Police stand guard as demonstrators take part in a protest against the surge in prices and shortage of fuel and other essential commodities near the parliament building in Colombo on April 7, 2022. - AFP

Sri Lanka president asks expert panel to plan debt restructure

Colombo: Sri Lanka's beleaguered president has appointed an expert panel to organise a debt restructure to claw the country out of a crippling economic crisis that has sparked huge protests demanding his resignation. Scarce supplies of food and fuel, along with record inflation and regular blackouts, have inflicted widespread misery in the country's most painful downturn since independence from Britain in 1948.Rating agencies have warned of a...

KARACHI: A foreign currency dealer counts US dollars at a shop in Karachi on April 7, 2022. The Pakistan rupee dropped to a historic low of 191 rupees to the dollar as an ongoing political crisis rocked confidence in the currency. - AFP

Pakistan rupee nosedives against dollar

KARACHI: The Pakistan rupee dropped to a historic low of 191 rupees to the dollar Thursday as an ongoing political crisis rocked confidence in the currency. The rupee has been declining for months, but the fall became precipitous in March when opposition parties tabled a no-confidence motion against Prime Minister Imran Khan that led to the dissolution of the national assembly last week.The rupee has lost over six percent in a month, and on the...

HONG KONG: A man rides a bicycle next to Victoria Harbor in Hong Kong on April 7, 2022. - AFP

Shares soar in China drugmaker after positive COVID drug trials

BEIJING: Shares in the Chinese pharmaceutical group Kintor rocketed on Wednesday after it reported that trials had shown its COVID-19 drug to be highly effective, making it potentially China's first homegrown antiviral treatment. Shares closed up more than 100 percent in Hong Kong after the group said its new pill dramatically reduced the risk of hospitalization or death from COVID-19, particularly among the middle-aged or elderly.The drug,...

AUSTIN: Workers set up for the grand opening party at the new Tesla Giga Texas manufacturing facility on April 6, 2022 in Austin, Texas. - AFP

'Cyber Rodeo' bash fetes new Tesla plant in Texas

SAN FRANCISCO: Electric car lovers are flocking to Austin for an enormous party Thursday celebrating a new Tesla "gigafactory" in Texas the size of 100 professional soccer fields. Online buzz has swelled ever since Tesla's colorful but controversial founder and chief executive Elon Musk tweeted word of the event, with reports of perhaps as many as 15,000 guests taking part in the official plant opening. Tesla owners posted plans for cross country...

Tareq Al-Saleh

Gulf Bank raises awareness over cryptocurrency and forex risks

KUWAIT: As part of its ongoing commitment toward social sustainability, and its keenness to enhance financial literacy and education, Gulf Bank is keen to direct its customers to proper channels of saving and investment and educate the general public about the risks of unsafe investments. The initiative has been an ongoing priority that the Bank has been promoting through its various channels, including social media, its website, and more.Earlier...

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HUAWEI MatePad: The ultimate tablet

KUWAIT: Being portable and more versatile than a laptop makes a tablet the ideal choice for many use cases. Tablets are especially handy for students to attend online classes, take notes, sketch diagrams, and make artworks. Even professionals prefer tablets when they want a device that they can carry with them easily. The all-new HUAWEI MatePad is a new-generation mid-range tablet powered by HarmonyOS.It comes with a great10.4inch 2K FullView...

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Number of spider species creeps up to 50,000

There are now 50,000 known different species of spider crawling the Earth, the World Spider Catalog announced Wednesday -- and there might be another 50,000 out there. The WSC, based at the Natural History Museum of Bern in the Swiss capital, said the 50,000th spider registered is the Guriurius minuano, which belongs to the Salticidae family of jumping spiders and hunts its prey on shrubs and trees in southern Brazil, Uruguay, and around Buenos...

Asghar Farhadi

Iranian director Farhadi faces legal action over alleged plagiarism

Iranian director and two-time Academy Award-winner Asghar Farhadi is facing legal action over accusations that he plagiarized his latest feature film “A Hero” from a former student. The film—winner of the Grand Prix in last year’s prestigious Cannes Film Festival—tells the story of an Iranian inmate who gains fame after finding a purse of gold coins and tracking down its owner, instead of keeping it for himself.Farhadi’s former...

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Streamers come of age after ‘CODA’ Oscar win

Almost buried by the attention surrounding The Slap at the Oscars was a historic first: a streaming film won best picture, taking Hollywood’s top prize from the legacy studios that have long dominated the town. If Will Smith had not mounted the stage and hit Chris Rock, the best picture win for Apple TV+ crowd-pleaser “CODA” would have been the talk of Tinseltown ever since the Academy Awards.“There was clearly going to be a streaming...

LONDON: Real Madrid's French striker Karim Benzema scores his third goal past Chelsea's French-born Senegalese goalkeeper Edouard Mendy during their UEFA Champions League quarterfinal first leg match at Stamford Bridge stadium on April 6, 2022. – AFP

'Real Madrid in command against Chelsea

LONDON: Carlo Ancelotti hailed Karim Benzema's "fantastic" hat-trick as he fired Real Madrid to a 3-1 win against Chelsea that put the Champions League holders on the brink of elimination after Wednesday's quarter-final first leg. Benzema produced a masterclass at Stamford Bridge as the France striker netted twice in the first half with two perfectly-taken headers.Kai Havertz reduced the deficit before the interval, but Benzema punished a woeful...

CHICAGO: Nikola Vucevic #9 of the Chicago Bulls moves against Grant Williams #12 of the Boston Celtics after a collision at the United Center on April 6, 2022. - AFP

Celtics march on, Durant sparks Nets comeback

NEW YORK: Jaylen Brown scored 25 points on Wednesday as the Boston Celtics kept up their push for the number two playoff seed in the Eastern Conference with a 117-94 victory over the Chicago Bulls. With the identity of the six automatic playoff teams in the East already settled, the only issue remaining is to determine the final playoff seedings. Boston sits behind leaders Miami with two games remaining in the regular season. With Miami poised...

AUGUSTA, Georgia: Tiger Woods of the United States plays his shot from the 18th tee during a practice round prior to the Masters at Augusta National Golf Club on April 6, 2022. - AFP

Woods defies the odds in quest for sixth Masters title

AUGUSTA, Georgia: Tiger Woods launched his boldest Masters bid yet on Thursday, a quarter-century after his 12-shot triumph at Augusta National heralded a new era in golf. Then, the 21-year-old Woods cemented his superstar status with a record-setting victory that made him the youngest Masters winner, nabbing the first of his current 15 major titles. His quest for No. 16 comes 14 months after Woods suffered career-threatening injuries to his...

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This photograph taken in 1967 shows French actor Alain Delon accompanied by his wife Nathalie Delon. --AFP photos

Alain Delon: Women he loved and left

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The sun sets behind electricity pylons in this file photo. -- Photo by Yasser Al-Zayyat

Kuwait swelters amid power cuts

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KUWAIT: HH the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah receives India’s External Affairs Minister Dr S Jaishankar on Aug 18, 2024. — KUNA

India looks to upgrade bilateral ties with Kuwait: Dr Jaishankar

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Schools reopening amid extreme heat sparks concerns

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MEW: Power cuts in high-consumption Industrial areas in Kuwait