Kuwait must curb spending: IMF chiefKuwait 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 More… |
Under pressure, BP strives to contain oil spillEnergy 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 More… |