Business

Euro Area Unemployment Rate Climbs to 6.3 Percent

Brussels: The European statistical office (Eurostat) reported on Thursday that the seasonally adjusted unemployment rate in the euro area increased to 6.3 percent in August 2025, up from 6.2 percent in July 2025, while remaining stable compared to Aug…

US Dollar Stabilizes at KD 0.304 as Euro Declines to KD 0.357

Kuwait city: The US dollar exchange rate against the Kuwaiti dinar stabilized at KD 0.304 on Thursday. Meanwhile, the Euro experienced a decrease of 0.11 percent, reaching KD 0.357 compared to the previous day’s rates, as reported by the Central Bank …

ADB Cuts Growth Forecast for Developing Asia to 4.8% for 2025

Manila: The Asian Development Bank (ADB) has reduced its growth forecast for developing Asia to 4.8 percent for 2025 due to a new global trade environment influenced by US tariffs. The Manila-based lender also revised its April forecast of 4.9 percent…

ADB Cuts Growth Forecast for Developing Asia to 4.8% for 2025

Manila: The Asian Development Bank (ADB) has reduced its growth forecast for developing Asia to 4.8 percent for 2025 due to a new global trade environment influenced by US tariffs. The Manila-based lender also revised its April forecast of 4.9 percent…