A major fire in Kuwait’s Mangaf area killed 41 workers, many of whom were Indians, including five Keralites. The blaze began in a kitchen of a six-storey building housing 160 workers. Five victims have been identified as Keralites, according to onmanorama. The blaze started early Wednesday in a kitchen of a six-storey building in the … Read more
Kuwait formed a new cabinet headed by Sheikh Ahmad Abdullah Al-Sabah, according to a royal decree issued Sunday. Emad al al-Atiqi, Anwar Ali al-Mudhaf and Abdullah Ali al-Yahya retained their posts as oil, finance and foreign ministers respectively, according to the decree from the Emir of Kuwait Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah. Sheikh Ahmad is … Read more
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024. Elizabeth Frantz | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on … Read more
Kuwait Petroleum Corporation Deputy Chairman & CEO Shaikh Nawaf Al-Sabah speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024. Mark Felix | Afp | Getty Images HOUSTON — The crisis in the Red Sea could lead to a shortage in the global tanker fleet if disruptions persist for another six months, … Read more
A customer shops at a supermarket in Oregon. Wang Ying | Xinhua News Agency | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. … Read more
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC. Drew Angerer | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international … Read more
Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Oil prices edged lower Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter, in an effort to support the short-term stability of crude markets. Global benchmark Brent slipped 0.05% to $83.52 a barrel Monday, while U.S. West Texas Intermediate futures traded … Read more
