This is Beirut 14/05 09:40 - Reading : 3 minute(s)
Earnings data from French games giant Ubisoft is set to show on Wednesday that historic cash-cow series "Assassin's Creed" has saved it from a disastrous year with multiple setbacks. The full results for Ubisoft's 2024-25 financial year, set for release after the Paris stock market closes at 1530 GMT, will be closely watched following a near ...
This is Beirut 13/05 16:05 - Reading : 3 minute(s)
Aviation lebanon security airport
Minister of Public Works and Transport Fayez Rasamny announced the relaunch of the Civil Aviation Security Center (CASC), located at Beirut Rafic Hariri International Airport (BEY), during a press conference held on Tuesday at the airport. This move marks a renewed commitment by Lebanese authorities to reform and modernize the civil aviation ...
This is Beirut 12/05 21:34 - Reading : 4 minute(s)
USA Donald Trump United Nations United States US Treasury
The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a "total reset," as he said that talks with counterpart Xi Jinping could soon follow. After the first meetings between Washington and Beijing since Trump ratcheted up his trade war, ...
This is Beirut 12/05 18:00 - Reading : 3 minute(s)
USA Donald Trump Banks Europe New York
Stock markets, the dollar, and oil prices rallied Monday after the United States and China declared a 90-day truce in their trade war. At the opening bell in New York, the Dow jumped by 2.7 percent, the S&P 500 by 2.9 percent, and the tech-heavy Nasdaq Composite by 4.2 percent. "Stocks are surging, safe havens are rapidly ...
This is Beirut 10/05 15:45 - Reading : 1 minute(s)
Central Bank of Lebanon Banque du Liban Lebanon
According to its latest balance sheet, Lebanon’s Central Bank (BDL) reported total assets of $93.86 billion as of the end of April 2025, reflecting a modest 0.33% year-on-year increase. This comes in the wake of BDL’s adoption of a new official exchange rate of 89,500 LBP/USD on February 1, 2024. A standout figure in the report is the sharp ...
Liliane Mokbel 10/05 12:00 - Reading : less than a minute
Despite a near-total freeze in ad campaigns since September 2024, triggered by the escalating conflict between Israel and Hezbollah, digital advertising emerged as a clear winner in Lebanon. According to the Lebanese chapter of the International Advertising Association (IAA), ad spending on platforms like Meta, TikTok and Google reached $30 ...
Christiane Tager 10/05 10:00 - Reading : 2 minute(s)
Amid ongoing spiritual and social transformation, the Vatican is facing a more down-to-earth reality—its accounts are in the red. The Holy See’s financial management appears more akin to that of a debt-ridden state than a model of virtue. As head of the Catholic Church, the newly elected Pope Leo XIV inherits not only a spiritual mission but ...
This is Beirut 09/05 19:00 - Reading : 1 minute(s)
The trade talks between senior U.S. and Chinese officials scheduled for this weekend in Geneva, Switzerland, are "a positive and constructive step toward de-escalation," said WTO Director-General Ngozi Okonjo-Iweala on Friday. "A sustained dialogue between the two largest economies in the world is essential to ease trade tensions, prevent ...
This is Beirut 09/05 18:55 - Reading : 2 minute(s)
Lebanon Germany European Union EU
The Minister of Energy and Water, Joe Saddi, held a working meeting with key international donors and organizations to launch a strategic dialogue on the future of the country’s water sector. The minister announced that the national water sector strategy will be revised. “Valid elements will be retained, gaps will be addressed, and necessary ...
This is Beirut 09/05 18:50 - Reading : 1 minute(s)
Moody’s Australia France Italy Japan
Credit rating agency Moody’s has sharply downgraded its global economic growth forecasts for 2025 and 2026, revising them to 1.9% and 2.3% respectively, down from the 2.5% predicted last February. This significant drop is mainly attributed to rising tariffs on key industrial goods such as steel and aluminum—a trend that is hindering ...
This is Beirut 09/05 12:55 - Reading : 4 minute(s)
United States China Tariffs Trade
US and Chinese officials meet this weekend in Geneva for their first formal talks aimed at resolving a grueling tit-for-tat tariff war that threatens hundreds of billions in trade and roils global markets and supply chains. AFP looks at how the trade row between the world's two economic superpowers is playing out. What Steps Have the Two Sides ...