Business

KUWAIT, Sept 21 (NNN-KUNA) – Kuwait will raise its port security level of facilities, the Kuwait Ports Authority (KPA), said on Friday.

The decision was issued by Khaled Al-Roudhan, Kuwait’s minister of commerce and industry, and state minister for services, KPA said in a statement.

According to the ministerial decree, Kuwait will raise security level of all port facilities in the country.

The decision aims to preserve the security of the country and its territory, as well as, ports, under conditions experienced by the region, the statement said.

US President Donald Trump has distanced himself from his old political ally, Israeli Prime Minister Benjamin Netanyahu, after his Likud party failed to win the election this week.

20 Sep 2019; MEMO: Speaking to reporters on his way to California on Wednesday, Trump took a reserved attitude toward Netanyahu, who relied on his personal relationship with the White House president in his campaign for re-election.

Houston, Sep 20 (PTI) The stage is all set for the mega "Howdy Modi" event where US President Donald Trump will join Prime Minister Narendra Modi who will address over 50,000 Indian-Americans, but the torrential rains triggered by a tropical storm have wreaked havoc in Houston, prompting the governor to declare an emergency in several parts of the state of Texas.

New Delhi, Sep 20 (PTI) Congress leader Priyanka Gandhi Vadra on Friday alleged that the Modi government was "shattering" people's trust in LIC by investing the state-run insurance firm's money in loss-making companies.

Taking to Twitter, she also tagged a media report which claimed that LIC has suffered losses of Rs 57,000 crore in just two and a half months.

Pune, Sep 19 (PTI) Policies adopted by the BJP-led Union government after coming to power in 2014 were responsible for the current economic slow-down, economist Dr Bhalchandra Mungekar said here on Thursday.

The Narendra Modi government should invite eminent economists and hold a round-table conference to find a way out, the former Rajya Sabha member said, speaking to reporters here.

Goa, Sep 20 (PTI) In a major fiscal booster, the government on Friday slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies.

Making the announcement, Finance Minister Nirmala Sitharaman said the new tax rate will be applicable from the current fiscal which began on April 1.

WASHINGTON, Sept 20 (NNN-AGENCIES) — U.S. and Chinese deputy trade negotiators resumed face-to-face talks for the first time in nearly two months, as the world’s two largest economies try to bridge deep policy differences and find a way out of their protracted trade war.

The negotiations, which extended into Friday, are aimed at laying the groundwork for high-level talks in early October that will determine whether the two countries are working toward a solution or headed for new and higher tariffs on each other’s goods.

BEIJING, Sept 20 (NNN-AGENCIES) — China is poised to open a new mega-airport to the south of Beijing, already home to the world’s second-busiest aviation hub, ahead of the 70th anniversary of the People’s Republic.

Beijing Daxing International Airport (PKX) will see its first commercial flight take off on Sept 20, according to Chinese state media, with main tenant China Southern planning to deploy an Airbus A380, the world’s biggest airliner, for the maiden journey.

LONDON, Sept 20 (NNN-AGENCIES) — Britain’s Supreme Court announced it will rule next week on whether Prime Minister Boris Johnson acted unlawfully in shutting down parliament in the final weeks before Brexit.

Following three days of intense arguments as the Brexit battle switched to the highest court in the land, judges are set to decide on Johnson’s advice to Queen Elizabeth II to suspend parliament for five weeks to Oct 14.

MOSCOW, Sept 20 (NNN-SPUTNIK) — The Global Climate Strike, inspired by 16-year-old Swedish climate activist Greta Thunberg, who calls for immediate action on climate change, started worldwide on Friday, reported Sputnik news agency.

The strike will be held on two successive Fridays, on September 20 and 27. The event coincides with UN Climate Action Summit 2019 that will start in New York on September 23.