Monday, March 2

Economy

Economists who drink central banks’ inflation-targeting Kool-Aid and view existing arrangements as sacrosanct fail to recognize that the belief that central-bank independence can help control inflation is barely four decades old

LONDON/SINGAPORE  – The Japanese yen drifted to its softest level in four weeks against the dollar on Wednesday on the back of rising U.S. yields, as placid markets encouraged investors to resume carry trades, while the euro weakened after German inflation data.

KUWAIT – The volume of non-oil trade exchange between Kuwait and Pakistan reached USD 590 billion in 2023, Undersecretary of Ministry of Commerce and Industry Ziad Al-Najem said Tuesday.

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