This is Beirut 25/03 16:15 - Reading : 3 minute(s)
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Wall Street clung to strong gains and European stocks rose on Tuesday over easing concerns about the next round of tariffs from US President Donald Trump. The Dow, the broad-based S&P 500 and the tech-heavy Nasdaq were all up around 0.1 percent in early deals, following a rally fuelled by technology stocks the previous day. Sentiment was buoyed ...
This is Beirut 25/03 10:35 - Reading : 2 minute(s)
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China on Tuesday accused Canada of "seriously damaging" its interests, defending its tariffs against the country after Ottawa launched a dispute against Beijing at the World Trade Organization. Beijing this month slapped a 100 percent surcharge on rapeseed oil, oil cakes – a type of animal feed – and peas imported from Canada. China said the ...
This is Beirut 25/03 10:20 - Reading : 2 minute(s)
European sales of Tesla electric cars dropped 49 percent in January-February compared with the same period a year earlier, the ACEA manufacturers' association said Tuesday. Ageing models are one factor behind the plunge so far this year, but e-vehicle clients may also be refusing to buy in protest of Tesla's billionaire owner Elon Musk since he ...
This is Beirut 24/03 21:15 - Reading : 1 minute(s)
Economic organizations, led by former Minister Mohammad Choucair, discussed strategies to revitalize and modernize Lebanon's agricultural sector with Minister of Agriculture Nizar Hani on Monday. The meeting was held at Beirut and Mount Lebanon Chamber of Commerce, in the presence of representatives of the main agricultural associations. Choucair ...
This is Beirut 24/03 21:10 - Reading : 1 minute(s)
Facing economic and technological challenges, Lebanon is turning towards a digital revolution to reshape its economy and services. In an interview with Akhbar al-’An, Kamal Shehadeh, Minister of the Displaced and State Minister for Technology Affairs and Artificial Intelligence, outlined an ambitious plan to modernize the country’s digital ...
Christiane Tager 24/03 20:55 - Reading : 3 minute(s)
Ekrem Imamoglu, mayor of Istanbul since 2019 and member of the Republican People's Party (Cumhuriyet Halk Partisi or CHP in Turkish), the main opposition party, was incarcerated after being convicted of “public insults” against government officials. This development comes at a particularly difficult time for the Turkish economy, already ...
This is Beirut 24/03 14:50 - Reading : 1 minute(s)
Chinese carmaker BYD saw a surge in revenue last year, a stock filing showed Monday, surpassing the $100 billion mark and beating rival Tesla as the Shenzhen-based firm accelerates its overseas expansion. BYD has emerged in recent years as the clear leader in China's highly competitive electric vehicle market, which is the largest in the ...
Liliane Mokbel 23/03 21:30 - Reading : 4 minute(s)
With bitter sarcasm, the Lebanese refer to the Railway and Public Transport Authority (OCFTC), now seen as a symbol of public sector waste. The last train from Beirut to Rayak ran in 1975, and the Beirut–Tripoli line was shut down in 1996. Yet the institution has somehow endured. Initially used for freight, the trains later carried ...
Christiane Tager 22/03 13:26 - Reading : 4 minute(s)
This year, Lebanon has experienced an exceptionally dry winter, with rainfall dropping by 70% compared to previous years. This prolonged drought is having devastating effects on multiple key sectors. Agriculture, water supply, energy, and even public health are all under threat due to the lack of precipitation. The consequences of this drought are ...
Liliane Mokbel 22/03 12:00 - Reading : less than a minute
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The Beirut Stock Exchange (BSE) saw a sharp decline in activity during the week of March 14, with trading volume dropping to 115,916 shares, compared to 570,083 the previous week. The total value of transactions also decreased, falling to $3.44 million from $4.94 million the week before, according to a report by Banque du Crédit ...
This is Beirut 21/03 18:50 - Reading : 2 minute(s)
Electricité du Liban (EDL) explained on Friday the reasons behind the increased power-rationing amid ongoing daily protests in the Beqaa. Citizens in this area are expressing their discontent with what they consider to be an overly harsh rationing schedule. EDL explained that since the shutdown of the hydropower plants operated by the National ...
This is Beirut 21/03 17:35 - Reading : 2 minute(s)
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Prime Minister Nawaf Salam stated on Friday that “there will be no suppression of bank deposits,” and that he would “cross out the term ‘suppression of deposits,’” in a meeting at the Serail with a delegation from the Council of Lebanese Executives in Saudi Arabia. He added that his government’s objective is be to “return” the ...