Economy

US and China Begin Key Trade Talks in London
US and China Begin Key Trade Talks in London

China and the United States began a new round of trade talks in London on Monday, Beijing's state media reported, as the world's two biggest economies seek to shore up a shaky truce after bruising tit-for-tat tariffs. The two sides are meeting in the historic Lancaster House, run by the UK Foreign Office, following a first round of talks ...

Global Cybercrime Losses Hit $9.5 Trillion in 2024
Global Cybercrime Losses Hit $9.5 Trillion in 2024

The global cost of cyberattacks soared to an estimated $9.5 trillion in 2024, underscoring an alarming rise in digital threats facing businesses, governments and critical infrastructure, according to a new report by cybersecurity firm BD Emerson. IBM’s annual Cost of Data Breaches report revealed that the average data breach cost surged to ...

Finance Ministry Responds as Garbage Crisis Resurfaces
Finance Ministry Responds as Garbage Crisis Resurfaces

As mounting piles of uncollected garbage reappear in several districts of Beirut and Mount Lebanon, the long-standing controversy over the state’s management of the waste sector has flared up once again. At the center of the debate are delayed payments to the companies responsible for waste collection, treatment, and landfill operations, delays ...

NATO Chief Urges 400% Increase in Alliance's Air Defense
NATO Chief Urges 400% Increase in Alliance's Air Defense

NATO Secretary General Mark Rutte on Monday was due to urge a "400-percent increase" in the transatlantic alliance's air and missile defence capacities in response to the threat from Russia. "We see in Ukraine how Russia delivers terror from above, so we will strengthen the shield that protects our skies," Rutte was due to say in a speech to the ...

China Exports Slow as Trade War Takes Toll
China Exports Slow as Trade War Takes Toll

Chinese exports grew slower than expected in May, according to official data Monday, as shipments to the United States tumbled amid global trade turmoil triggered by Donald Trump's tariff blitz. The figures also showed imports suffered a forecast-beating drop, with weak domestic consumption in the world's number two economy highlighted by data ...

China Vice Premier to Meet US Delegation for Trade Talks
China Vice Premier to Meet US Delegation for Trade Talks

Chinese Vice Premier He Lifeng will meet a US delegation for talks next week in Britain, Beijing announced Saturday amid a fragile truce in the trade dispute between the two powers. He will visit the United Kingdom from June 8 to 13 at the invitation of the British government, China's foreign ministry said in a statement. It said He and ...

Gold in Uncertain Times: Jewelry vs. Bullion
Gold in Uncertain Times: Jewelry vs. Bullion

In times of crisis, gold stands as the ultimate pillar of stability. Timeless, reassuring and resistant to passing trends, it shines brighter as financial markets falter. But a critical question remains: which form of gold offers better protection in turbulent times — jewelry or bullion? And is resale truly profitable? Historically, when ...

Public Bus Use Surges to 4,600 Daily Riders, One Year After Launch
Figure of the weekPublic Bus Use Surges to 4,600 Daily Riders, One Year After Launch

4,600 — that's the average number of passengers using public buses each day, one year after the launch of Lebanon’s state-operated public transport service, led by the Office of Railways and Public Transport. This marks a significant increase compared to the early days of the project, when daily ridership hovered between just 200 and 300 ...

Lebanon’s Real Estate: The Cautious Return of Arab Investors
Lebanon’s Real Estate: The Cautious Return of Arab Investors

During the first nine months of 2024, a total of 26,430 property transactions were recorded — an increase of 118% compared to 2023, according to well-informed sources. This surge is largely attributed to the resumption of land registry services after a prolonged administrative paralysis. The total value of sales reached nearly $1.85 billion. ...

Lebanon’s Hospitality Sector Declares Full Readiness for Summer 2025
Lebanon’s Hospitality Sector Declares Full Readiness for Summer 2025

The Syndicate of Owners of Restaurants, Cafés, Nightclubs and Pastry Shops officially announced that Lebanon’s hospitality and nightlife sector is fully ready for Summer 2025. “The tourism sector is fully prepared and will offer the highest level of service,” said Syndicate President Tony Ramy during a ceremony held on Thursday at ...

Key Appointments at Banque du Liban Still Pending
Key Appointments at Banque du Liban Still Pending

The terms of the four vice-governors of the Lebanese Central Bank (BDL) will expire on June 11, along with those of the chairman and members of the Banking Control Commission, as well as three experts on the Capital Markets Authority. In line with Article 18 of the Code of Money and Credit, the governor of BDL is appointed by decree for a ...

Gamers Get Hold of Nintendo's Hotly Awaited Switch 2
Gamers Get Hold of Nintendo's Hotly Awaited Switch 2

Gamers finally got their hands on Nintendo's new Switch 2 on Thursday, the console that could score record early sales for the Japanese "Super Mario" creator. The device, which features a bigger screen and more processing power, is an upgrade to the Switch that became a global phenomenon with hit games such as "Animal ...