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By Vladimir Zheltov, Ambassador of Russia to Kuwait80 years have passed since the end of the Great Patriotic War. This is how we, in Russia, call the period of World War II from Hitler’s invasion of the Soviet Union on June 22, 1941, until Germany’s eventual defeat and capitulation on May 9, 1945. Since then, several generations have passed and the political map of the globe has changed drastically. The Soviet Union, which made a decisive contribution to the victory over Nazism and saved the world from the “brown plague” of fascism, no longer exists.For many people nowadays the events of…

Judge Jefferson Griffin, the Republican candidate for the N.C. Supreme Court listens to testimony in Wake County Superior Court on Friday, Feb. 7, 2025, in Raleigh, North Carolina. Griffin trails North Carolina Supreme Court Justice Allison Riggs by 734 votes following two recounts of the November 2024 election results. Robert Willett | Raleigh News & Observer | Tribune News Service | Getty ImagesThe Republican candidate for North Carolina’s state Supreme Court conceded the race Wednesday, ending his six-month crusade to overturn the election results in the perennial battleground state.”While I do not fully agree with the District Court’s analysis, I…

U.S. President Donald Trump speaks during a swearing-in ceremony for the new U.S. ambassador to China, former U.S. Senator David Perdue, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | ReutersPresident Donald Trump said Wednesday he would not consider lowering the United States’ 145% tariffs on China in order to spur trade-war negotiations with Beijing.Trump flatly answered “no” when asked at the White House if he was open to pulling back on the steep import duties to get China to the negotiating table.Trump’s commitment to his tariffs came three days before U.S. Treasury Secretary Scott…

Warren Buffett’s retirement announcement may have surprised some attendees at Berkshire Hathaway’s annual shareholder meeting on Saturday, but the identity of the 94-year-old investing icon’s successor came as no surprise.In 2021, Buffett confirmed that Greg Abel — currently 62, and Berkshire’s vice chairman of non-insurance operations — would eventually take over as CEO of the $1.1 trillion investment business upon Buffett’s retirement. The billionaire investor reaffirmed that choice during the 2024 annual meeting, stating that Abel would have full authority to make Berkshire’s investing decisions once he became CEO.”I would leave the capital allocation to Greg and he understands businesses…

CNN  —  President Donald Trump is making plans for the United States to begin referring to the Persian Gulf as the Gulf of Arabia or the Arabian Gulf, two administration officials familiar with the discussions told CNN. The expected announcement is tied to his trip to the Middle East next week, where he’ll visit Saudi Arabia, Qatar and the United Arab Emirates, the officials said. They added that conversations regarding the change are ongoing, and it is still unclear when the president will make the announcement. When asked about the name change at an Oval Office event Wednesday, Trump told…

The Federal Reserve held borrowing costs steady on Wednesday, opting not to cut its benchmark interest rate — known as the federal funds rate — for credit cards, loans and auto financing.As was widely expected, the Fed is keeping the federal funds rate at 4.25% to 4.5%. This influences the interest rates lenders charge on most types of credit, meaning credit card rates will stay high and new loans won’t get any cheaper.The rate has stayed above 4% for more than two years as the Fed has aimed to lower inflation by keeping borrowing costs high. Its target annualized rate…

Tottenham midfielder James Maddison will miss the remainder of the season with a knee injury. Maddison sustained the injury during last Thursday’s Europa League semi-final first-leg win over Bodo/Glimt, having scored Tottenham’s second goal in the 3-1 victory. It is a second season-ending injury in a week for Spurs, who also lost midfielder Lucas Bergvall to an ankle injury picked up in training. Image: Lucas Bergvall has also suffered a season-ending injury The duo’s injuries are a huge blow to Spurs boss Ange Postecoglou ahead of Thursday’s second leg in Norway, and a potential Europa League final later this month.Speaking…

When the Fed hiked rates in 2022 and 2023, the interest rates on most consumer loans quickly followed suit. Even though the central bank lowered its benchmark rate three times in 2024, those consumer rates are still elevated, and are mostly staying high, for now.Five ways the Fed affects your wallet1. Credit cardsMany credit cards have a variable rate, so there’s a direct connection to the Fed’s benchmark.With a rate cut likely postponed until July, the average credit card annual percentage rate has stayed just over 20% this year, according to Bankrate — not far from 2024’s all-time high. Last year, banks raised credit card interest rates…

WASHINGTON — The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy.In a move that carried little suspense given the wave of uncertainty sweeping the political and economic landscape, the Federal Open Market Committee held its benchmark overnight borrowing rate in a range between 4.25%-4.5%, where it has been since December.The post-meeting statement noted the volatility and how that is factoring into policy decisions.”Uncertainty about the economic outlook has increased further,” the statement said. “The Committee is attentive to…

KUWAIT: Graduates of the Public Authority for Applied Education and Training (PAAET) for the academic year 2023/2024 expressed deep pride and appreciation for the patronage of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, whose presence at the ceremony honoring outstanding students was described as a profound source of motivation and national pride.Speaking to Kuwait News Agency (KUNA), the graduates highlighted the significance of being honored by the country’s leadership, stating that the recognition marked the culmination of years of dedication and academic perseverance. Graduate Sarah Ramadan, who majored in English Language, said the moment was a long-awaited milestone.…