Christiane Tager 11/04 20:35 - Reading : 2 minute(s)
Since the beginning of March, the euro has enjoyed a notable resurgence on the markets. After a somewhat sluggish start to the year, the single currency has regained strength, trading around 1.14 US dollars on Friday — a rise of over 5%. An explainable performance that intrigues some, reassures others, and worries a few. Who would have thought ...
This is Beirut 11/04 19:55 - Reading : 4 minute(s)
Donald Trump Banks New York United Kingdom US Treasury
Investors dumped US government bonds, the dollar tumbled and stocks seesawed Friday, capping a volatile week as President Donald Trump's unpredictable tariff policy rattled market confidence. Trump triggered a massive market sell-off last week by announcing universal tariffs, and this week he sparked a huge but short-lived rally by pausing higher ...
Liliane Mokbel 11/04 19:15 - Reading : 3 minute(s)
Gold Silver International Markets
The gold rush is now mirrored by a growing fervor for silver. Investors are increasingly flocking to precious metals as safe havens amidst global economic uncertainty. This shift is unfolding in the context of persistent volatility driven by US President Donald Trump’s unpredictable trade policies, highlighted by his announcement on Wednesday of ...
This is Beirut 11/04 18:55 - Reading : 2 minute(s)
Over the past year, Lebanon’s agricultural sector has suffered massive losses estimated at more than $700 million, according to a joint assessment by the Food and Agriculture Organization (FAO), the Ministry of Agriculture, and the National Council for Scientific Research (CNRS). A report by the FAO presents an initial overview of the damage ...
This is Beirut 11/04 18:50 - Reading : 1 minute(s)
economy lebanon finance minister
Finance Minister Yassine Jaber stated that reforms are above all a national necessity, rather than merely a condition imposed by the international community. He made these remarks during a meeting held on Friday with a delegation from the European Bank for Reconstruction and Development (EBRD), led by Vice President Matteo Patrone. The minister ...
This is Beirut 11/04 18:15 - Reading : 1 minute(s)
Labor Minister Mohammad Haidar on Friday led a key meeting of the Ministry of Labor’s Price Index Committee to discuss the salaries and allowances of private sector employees. Regarding retirement, Haidar recalled the adoption last November of a new law establishing a retirement and social protection system. He stated that the ...
This is Beirut 11/04 09:05 - Reading : 4 minute(s)
Donald Trump dollar Washington
The dollar tumbled with most stocks while gold hit a fresh record high as panic gripped markets again on Friday, while China retaliated against Donald Trump's latest tariff blitz against the world's number two economy. The US president's decision to delay crippling duties for 90 days sparked a frenzied scramble for equities that had ...
Christiane Tager 10/04 21:35 - Reading : 4 minute(s)
Donald Trump Europe United States China Tarifs
After 15 hours of market instability, US President Donald Trump put the brakes on his tariff measures. But China remains firmly in the crosshairs of the US president, now facing increased tariffs. Why such a rapid backpedal? Here’s a breakdown of this "pause on tariffs that lasted barely the blink of an eye." On Wednesday morning, global ...
Liliane Mokbel 10/04 20:15 - Reading : 3 minute(s)
Lebanon Law on old rental agreements
The issue of former tenants of residential properties remains stalled. While waiting for a resolution, it is the property owners who are bearing the brunt of this paralysis, penalized by a poorly defined law on old rental agreements. Facing the deadline for the liberalization of residential leases, many former tenants are turning to the courts to ...
This is Beirut 10/04 18:00 - Reading : 4 minute(s)
Donald Trump European Union China Tariffs
The EU paused plans for retaliatory tariffs on US goods Thursday after President Donald Trump abruptly suspended higher US duties on the bloc and other countries, leaving China in the crosshairs of his trade war. Trump's about-face on Wednesday triggered a massive market rebound, but Wall Street's rally fizzled on Thursday, and the dollar slumped ...
This is Beirut 10/04 15:55 - Reading : less than a minute
Italian fashion house Prada announced Thursday that it had reached a deal with US group Capri Holdings to buy Versace for 1.25 billion euros ($1.39 billion). The acquisition will create a luxury group with revenues of over 6 billion euros, which could better compete with industry giants such as the French conglomerates LVMH and Kering amid a ...
This is Beirut 10/04 14:15 - Reading : 5 minute(s)
Banks International Monetary Fund Central Bank
Lebanon’s Cabinet approved on Tuesday the statement of justification for the draft law on the reorganization of banks, with a follow-up session scheduled for Friday to finalize the text. The initiative is framed by two core principles the government says it upholds: safeguarding depositors’ rights and revitalizing the banking sector so it can ...