Business

UK Economy Records Fastest Growth Pace of 0.7 Pct in Q1

London: The UK’s economy grew at 0.7 percent, marking its fastest pace in a year during the first three months, the Office for National Statistics (ONS) reported on Monday.

According to Kuwait News Agency, the ONS revealed that output in the servic…

Kuwait Eyes Tougher Legislation to Clamp Down on Money Laundering

Kuwait city: Kuwait is making continuous changes to its legislative system to combat money laundering and terrorism financing, Finance Minister Nora Al-Fassam announced on Monday. The minister highlighted the recent cabinet decision to approve amendme…

UK, US Import Tariffs Deal Comes into Effect

London: A deal cutting import tariffs between the United States and United Kingdom, signed earlier this month, came into effect on Monday, giving British carmakers preferential access to the world’s biggest consumer market.

According to Kuwait News A…

US to Reduce Tariff on UK Automakers by End of June

Washington: US President Donald Trump has agreed to lower tariffs on British autos from 25 percent to 10 percent by the end of June, after signing a UK-US trade deal with Keir Starmer on Monday. Trump signed the executive order to reduce tariffs on UK…