Monday, December 6, 2021

European stocks advance on Omicron hope, oil rebounds

LONDON: European equities advanced yesterday on hopes that the Omicron coronavirus variant might not be as damaging as initially feared, traders said. Oil rebounded...

Chinese developer misses$179 million bond repayment

BEIJING: Another Chinese property developer said yesterday it had defaulted on a major bond repayment, citing liquidity problems amid a government crackdown on the...

Kuwait’s inflation rate looks set to average around 3.0% in 2021

KUWAIT: Kuwait's consumer price inflation edged down slightly to 3.2 percent y/y in July versus June but has trended higher over the past year....

‘Metaverse’ hype propels digital property market

PARIS: The idea of spending millions on non-existent land may sound ludicrous-but feverish predictions of a virtual reality future are pushing investors to bet...

Protesters hit S Africa beaches to oppose oil exploration

CAPE TOWN: Hundreds of environmentalist demonstrators gathered on South African beaches yesterday to protest against oil and gas exploration by energy giant Shell. In...

Drowning in garbage: Ukraine struggles with trash crisis

PIDGIRTSI, Ukraine: For stray dogs and scavenging birds, Landfill No.5 outside the Ukrainian capital Kiev is a treasure trove of trash, but the mountains...

US closely monitoring China, Switzerland currency policies

WASHINGTON: The US Treasury said it will keep a close eye on China's economic policies and actions to influence the value of its currency,...

KFH Capital arranges sale transaction of 110m Qurain PIC shares

KUWAIT: KFH Capital Co, the investment arm of Kuwait Finance House Group (KFH), signed an advisory agreement with Petrochemical Industries Company, to act as...

Georgieva warns Omicron could slow global growth

WASHINGTON: The new Omicron variant of COVID-19 could slow the global economic recovery, just as the Delta strain did, IMF chief Kristalina Georgieva said...

Turkey’s annual inflation rate surges as currency crisis bites

ANKARA: Turkey's annual inflation rate surged Friday above 20 percent-its highest in three years-although the main opposition leader accused officials of hiding the true...

Lackluster hiring complicates Biden’s plans

WASHINGTON: The United States added just 210,000 jobs last month, the government reported Friday, less than half the increase analysts were expecting in the...

Stocks sag as weak US jobs data adds to Omicron worries

NEW YORK: Global stocks finished a volatile week on a downcast note Friday, sunk by festering worries over the Omicron variant and disappointment at...

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