Friday 11 July 2014

Kuwait must curb spending: IMF chief

Kuwait should contain current expenditures such as the public sector wage bill and generalised subsidies, and find ways to enhance non-oil revenues, to overcome the risk from eroding buffers, said a top official. The challenges ca


Under pressure, BP strives to contain oil spill

Energy giant BP made a new attempt to siphon gushing oil from an offshore well as political pressure and public outrage increased over the company's slow progress at stopping environmental disaster. London-based BP admitted on Saturday

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