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KUWAIT: The EU is delighted that Kuwait will host the 9th EU-GCC Business Forum “Together for Shared Prosperity” on 5 and 6 November at Abdullah Al Salim Cultural Centre. This high-level joint event will convene senior policymakers, business leaders, investors and entrepreneurs from both regions to foster dialogue and build partnerships that support economic diversification and sustainable growth. Kuwait, holding the 2025 GCC Presidency and as the host of the Business Forum, plays a pivotal role in advancing the EU-GCC partnership.The EU Commissioner for Trade and Economic Security Maros Sefcovic will visit Kuwait on the occasion of the Business Forum.…

KUWAIT: The Kuwait Capital Markets Academy (KCMA) signed a memorandum of understanding (MoU) on Monday with Harvard University’s International Financial Systems Program (IFSP) to strengthen the skills and efficiency of capital market participants in Kuwait. In a press statement, the Capital Markets Authority (CMA) said the agreement reflects its commitment to elevating the academy to the level of leading international financial institutions through enhanced training and research cooperation with top global universities. The initiative aims to qualify and develop national cadres working in the financial sector by offering specialized programs that build investment and financial management expertise.The CMA noted that…

KUWAIT: Director-General of the General Administration of Coast Guard, Brigadier General Sheikh Mubarak Ali Yusuf Al-Sabah, affirmed that the annual celebration of the GCC Border Guards and Coast Guards Day is an occasion to honor the efforts of these agencies across the Gulf Cooperation Council (GCC) states. He noted that Kuwait’s Coast Guard has witnessed a significant transformation over the past years through strategic development projects aimed at enhancing operational efficiency and strengthening the maritime command and control system, highlighting the development of an advanced coastal surveillance system combining modern infrastructure with digital technologies to boost operational readiness.Sheikh Mubarak revealed…

U.S. Sen. Elizabeth Warren (D-MA) during a Senate Finance Committee hearing in the Dirksen Senate Office Building on April 8, 2025 in Washington, DC. Kayla Bartkowski | Getty ImagesPresident Donald Trump is “losing a self-inflicted trade war” with China, leaving the United States with a “weak hand” going into his meeting with Chinese President Xi Jinping, Senate Democrats said Wednesday in a new report on the effects of Trump’s wide-ranging tariffs.”Trump’s trade wars have imposed significant costs” on U.S. consumers and businesses, “sold out American farmers,” and the president “has strengthened China’s hand while weakening America’s leverage,” the report says.CNBC…

In 2012, I walked away from my investment banking job with a $3 million net worth and roughly $80,000 per year in passive income. At 34, I had enough income to cover my basic living expenses in San Francisco.My friends thought I was crazy to leave such a lucrative job. But what they didn’t see was the work I had done behind the scenes for over a decade — quietly building multiple streams of income that didn’t depend on my time or labor.Since then, my passive income has given me the freedom to write on my personal finance blog, spend…

Oct 29, 2025, 11:41 AM ETReal Madrid said they will seek compensation from UEFA after a Spanish court dismissed appeals filed by UEFA against a ruling that said the governing body breached EU competition law when it blocked plans for a breakaway Super League.On Wednesday, the Madrid Provincial Court dismissed the appeals that were also filed by the Spanish league and the Spain football federation.The Court of Justice of the European Union had decided in December 2023 that rules existing in 2021 used by football’s governing bodies UEFA and FIFA to block the Super League acted contrary to EU law…

The Ultium Cell factory in Warren, Ohio, is shown, July 7, 2023.Gene J. Puskar | APGeneral Motors laid off roughly 1,700 workers at manufacturing sites in Michigan and Ohio on Wednesday, citing a slowdown in the electric vehicle market.The company confirmed there were around 1,200 layoffs at Detroit’s electric vehicle plant and 550 cuts at Ohio’s Ultium Cells battery cell plant, in addition to 850 temporary layoffs at that site in Ohio. The company also said it would temporarily lay off 700 at Ultium Cells’ Tennessee plant.”In response to slower near-term EV adoption and an evolving regulatory environment, General Motors is realigning…

The Snowflake Inc logo, which represents the American cloud computing-based data company that offers cloud-based storage and analytics services, is being displayed on their pavilion at the Mobile World Congress 2024 in Barcelona, Spain, on February 28, 2024. Joan Cros | Nurphoto | Getty ImagesSnowflake had to make a Securities and Exchange Commission filing this week after an executive shared unauthorized financial guidance in a street interview video on Instagram posted on Sunday.The data-storage company said in the 8-K filed Monday that the executive, who was not named, is not a “designated spokesperson authorized to authorized to disclose financial information”…

There is increasing confidence that Sheffield Wednesday’s players and staff will be paid in full and on time when their monthly wages are due on Friday. Concerns remained this week that October payments could again be delayed after the club was placed into administration last week. But the administrators running the club are understood to have made great strides on Wednesday in terms of ticket sales and other incoming funds, with the balance sheet ahead of the October 31 pay-day looking much more positive.That development will come as a welcome relief to both the players and club staff at Hillsborough, who…

Sheffield Wednesday’s players and staff may once again remain unpaid this month after the club was placed into administration on Friday, Sky Sports News understands.There has been widespread positivity at the club since owner Dejphon Chansiri’s ten-year reign was brought to an end, but this news comes as a timely warning about the troubles that the club still faces going forward, unless and until they can secure new ownership. The next pay roll is due this Friday, on the last day of the month, but Sky Sports News has been told the administrator now running the club is still working…