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CBK keeps discount rate at 2.75 pct

KUWAIT, Dec 13 (KUNA) — The Central Bank of Kuwait (CBK) decided on Wednesday to keep the discount rate unchanged at 2.75 percent.On the basis of a thorough study of latest data, the CBK’s board of directors maintained the discount rate at current level to enhance the atmosphere of economic …

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Merkel courts Germany's skittish SPD as talks open on government

BERLIN (Reuters) – Germany’s Social Democrats (SPD) held their first formal talks on forming a government with Angela Merkel’s conservatives on Wednesday, more than two months after the national election that plunged Europe’s largest economy into unaccustomed uncertainty. Chancellor Angela Merkel attends the weekly cabinet meeting at the Chancellery in …

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Alabama win thrills Democrats as Republicans point fingers

WASHINGTON (Reuters) – Democrats said on Wednesday their U.S. Senate victory in Alabama could lead to a sweeping comeback for the party in 2018 elections while Republicans sought to assess blame for a defeat in one of the nation’s most conservative states. Doug Jones, a Democrat and former federal prosecutor, …

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ESCWA estimates GDP growth in GCC states at 2 pct. in '16

BEIRUT, Dec 13 (KUNA) — The UN Economic and Social Commission for Western Asia (ESCWA) reported Wednesday that economic expansion in the Arab region slowed down in 2016.In its Survey of Economic and Social Developments in the Arab Region 2016-2017, the Beirut-based ESCWS said the average growth rate of gross …

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Man with gun inside Vaughan bank, police operation underway

York Regional Police say officers have been called to a Vaughan bank after receiving reports a man is inside with a gun.A police spokesperson told Global News emergency crews were called to the bank, located near Dufferin Street and Major Mackenzie Drive West, just before 1:10 p.m. Wednesday.Police said some …

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Airbus leadership under fire as crisis deepens

TOULOUSE/PARIS (Reuters) – Airbus is engulfed in a fresh bout of speculation over the future of senior managers as corruption probes rattle the aerospace company and add fuel to a long-running clash of egos at the top, people familiar with the group said. Airbus Chief Executive Tom Enders attends a …

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Guards seize $10K worth of opiates at Nova Scotia prison

Guards at the Springhill Institution in Springhill, N.S. have seized a large quantity of drugs being smuggled into the facility.Officers with the Correction Service of Canada (CSC) reportedly intercepted an inmate on Dec. 12 who was attempting to bring in 10.48 grams of opiate beads.READ MORE: Shediac jail inmates put up …

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Technology

Mexican authorities warn cryptocurrency offerings could be a crime

MEXICO CITY (Reuters) – Mexico’s finance ministry and central bank warned on Wednesday that cryptocurrencies were risky investments and said fundraising programs known as initial coin offerings (ICOs) could potentially violate Mexican financial law. Amid the growing popularity of cryptocurrencies such as bitcoin, the authorities together with banking and securities …

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Despite Tillerson overture, White House says not right time for North Korea talks

WASHINGTON (Reuters) – No negotiations can be held with North Korea until it improves its behavior, a White House official said on Wednesday, raising questions about U.S. Secretary of State Rex Tillerson’s offer to begin talks with Pyongyang anytime and without pre-conditions. U.S. Secretary of State Rex Tillerson delivers remarks …

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Why Sundays and Fridays will be particularly important travel days in 2018

Here’s a general rule of thumb for booking air travel in 2018: To score the best international economy fares, clear out your Sunday and book your departure flight for Friday.And whatever you do, avoid making any kind of reservations on Friday.READ MORE: 13 affordable beach destinations that will bring you back …

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