This is Beirut 04/11 10:30 - Reading : 2 minute(s)
Middle East New York Nintendo Console Switch 2
Nintendo said Tuesday it aims to sell 19 million Switch 2 consoles within this financial year, up from its previous target of 15 million for the smash-hit gadget. The Switch 2 became the world's fastest-selling games console after launching in June to a frenzy of excitement from fans of "Super Mario" and other top titles. "The hardware has seen ...
This is Beirut 04/11 09:20 - Reading : 1 minute(s)
United States Washington Rare Earths Vulcan Elements
The US government will become a shareholder in a startup specializing in rare earth processing, the company announced Monday, as the United States looks to reduce its dependence on China. Vulcan Elements, based in North Carolina, said the US government is to partner with private investors who will inject $550 million into the firm's capital. The ...
Liliane Mokbel 03/11 20:10 - Reading : 3 minute(s)
Hezbollah Banks Central Bank of Lebanon Sanctions Financial Times
On Sunday, the Lebanese market reacted strongly to a Financial Times (FT) investigation suggesting that Hezbollah has been using digital wallets and money transfer companies to raise funds and support its purported “charitable” networks. The companies under scrutiny — providers of digital wallets and money transfer services — quickly ...
Liliane Mokbel 01/11 14:30 - Reading : 1 minute(s)
Every year, the Lebanese state spends 135 million dollars to house its ministries, administrations, and public institutions in rented buildings across the country. This astronomical sum could have been largely saved. With better management of public finances, successive governments could have grouped several ministries under one roof, as is the ...
Christiane Tager 31/10 12:15 - Reading : 3 minute(s)
In Lebanon, industry remains both a social buffer and a key provider of foreign currency. Yet its macroeconomic footprint has shrunk, reflecting an economy battered by currency collapse, weak domestic demand, and high energy costs. Caught between export momentum and fragile profit margins, the “made-in-Lebanon machine” moves forward ...
This is Beirut 31/10 09:30 - Reading : 2 minute(s)
New York Washington Apple iPhone
Asian stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Investor confidence in artificial intelligence has fuelled a rally in global stock markets this week that saw California-based chip designer Nvidia become the first-ever $5 ...
This is Beirut 30/10 16:15 - Reading : 2 minute(s)
EDL lebanon Joe Saddi Iraq Dubai South Lebanon
Energy and Water Minister Joe Saddi defended his ministry’s energy policy, stressing that Lebanon “has nothing to hide” and is working to stabilize electricity production despite severe financial and technical constraints. In an interview with LBCI, Saddi said that public institutions in the South, including Electricity of Lebanon (EDL) and ...
This is Beirut 30/10 11:20 - Reading : less than a minute
Dollars Artificial intelligence AI Nvidia
Artificial intelligence (AI) continues to push the limits – literally. On Wednesday, Nvidia became the first company in the world to surpass $5 trillion in market capitalization, a historical record cementing its dominance in the semiconductor industry. Once a simple graphics card manufacturer, Nvidia has become a cornerstone of the AI ...
This is Beirut 30/10 11:20 - Reading : less than a minute
Europe Lebanon Beirut Tourism Flights Eurowings
Good news for Lebanese travelers: the German airline Eurowings, a subsidiary of the Lufthansa Group, is expanding its network from Beirut with two new direct routes to Prague and Salzburg. Based in Düsseldorf, the low-cost carrier already operates flights to Berlin, Düsseldorf, and Stockholm. This expansion marks another step in the recovery of ...
This is Beirut 30/10 09:25 - Reading : 2 minute(s)
Israel USA Gold Jewelry Interest
Demand for gold hit a record high in the third quarter as the precious metal's price hit all-time highs on geopolitical unrest, industry data showed Thursday. Total demand grew three percent year-on-year in the July-September period to 1,313 tonnes, the World Gold Council said, as the metal, perceived as a safe haven investment, benefitted from ...
Christiane Tager 29/10 21:50 - Reading : 3 minute(s)
Donald Trump United States China Asia
From Handshakes to Deals: Trump Reshapes Asia’s Trade World Christiane Tager During a visit to Asia, Donald Trump traded speeches for deals. In Gyeongju, South Korea, the former U.S. president sealed a major trade agreement with Seoul, one that extends beyond economics and is already sending shivers through global markets, from gold to the ...
This is Beirut 29/10 13:20 - Reading : 1 minute(s)
USA China Copper Economy Trade
The price of copper reached a record high in trading Wednesday, the industrial metal boosted by hopes of a truce in the US-China trade war. Copper hit $11,143 a tonne on the London Metal Exchange, also on concerns about tight global supply as a major mine in Indonesia remains shut following a deadly mudslide last month. The new high beat the ...