12+ hour, 7+ min ago   (301+ words) NEW YORK: OpenAI will not go public this year, the company’s chief executive Sam Altman said in an interview released on Saturday, citing safety concerns over artificial intelligence. “Given everything happening with safety, right now would be an ill-advised moment…...

3+ day, 12+ hour ago   (434+ words) Kuwait Times ECB raises interest rates to fight off inflation jump FRANKFURT: The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely…...

4+ day, 1+ hour ago   (407+ words) HONG KONG: Asian stocks fell on Thursday as oil prices extended gains a day after breaking the psychological $100 barrier on the back of resurgent Middle East hostilities that have fanned inflation fears. With the United States and Iran exchanging strikes…...

6+ day, 12+ hour ago   (194+ words) LONDON: Jaguar Land Rover said Monday that it would cut “around 4,000 roles over the next two years”, or about ten percent of its global workforce, in a further blow to Europe’s automobile industry. The company revealed its voluntary redundancy scheme…...

6+ day, 13+ hour ago   (355+ words) FRANKFURT: The European Central Bank is expected to raise interest rates again this week as renewed fighting in the Middle East pushes up energy costs and risks further stoking inflation. Some of the heaviest clashes in weeks in the US-Iran…...

1+ week, 27+ min ago   (433+ words) A fresh bout of tit-for-tat US-Iran strikes at the weekend pushed oil higher and added upward pressure to inflation expectations. After July's rout of AI-linked firms, dealers have been edging back into the sector, confident that the vast sums invested…...

1+ week, 14+ hour ago   (277+ words) Kuwait Times Gulf Bank opens new Fahad Al-Salem Street branch at Al-Joun complex KUWAIT: Gulf Bank has announced the opening of its new Fahad Al-Salem Street Branch at Al-Joun Complex, replacing its previous branch located on the same street. The…...

1+ week, 1+ day ago   (524+ words) Kuwait Times Nepal floods could cost insurers over $130 million MUMBAI: The devastating flood in Nepal last week could result in commercial insurance losses exceeding 20 billion Nepali rupees ($132.3 million), with hydropower projects accounting for most claims, according to a top official…...

1+ week, 3+ day ago   (219+ words) HONG KONG: Oil prices sank Thursday after US President Donald Trump suggested the latest American attacks against Iran would likely be short-lived. The move helped most equities higher and eased pressure on bond yields, providing much-needed relief to markets, while…...

1+ week, 6+ day ago   (373+ words) Japan eases overtime rules under workaholic PM Kuwait Times Japan eases overtime rules under workaholic PM TOKYO: Japan eased its regulation of overtime on Tuesday in a move meant to help spur economic growth but criticized as a relapse into…...