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 ...
This is Beirut 10/04 13:55 - Reading : less than a minute
The US dollar plunged against the euro and other main rivals again on Thursday after President Donald Trump abruptly paused higher tariffs on all countries except China, adding to investor uncertainty. The greenback lost over one percent against the European single currency, as markets also expected data later in the day to show US inflation ...
This is Beirut 10/04 13:50 - Reading : less than a minute
Donald Trump European Union USA
EU chief Ursula von der Leyen said Thursday the bloc will suspend a planned package of tariffs on US goods "to give negotiations a chance" after President Donald Trump's U-turn on massive duties. "While finalising the adoption of the EU countermeasures that saw strong support from our Member States, we will put them on hold for ...
This is Beirut 10/04 12:05 - Reading : 1 minute(s)
Passenger traffic at Beirut International Airport (BIA) saw a slight decrease in the first quarter of 2025, with a total of 1,254,550 passengers, representing a 1.42% drop compared to the same period in 2024, when the airport recorded 1,272,625 travelers. However, there was a positive trend in arrivals, which increased compared to last year. The ...
Christiane Tager 10/04 11:00 - Reading : 5 minute(s)
Lebanon China Donald Trump Tarifs
American president Donald Trump announced on Wednesday that he would suspend his “reciprocal” customs surtaxes for 90 days. However, this decision does not apply to China. With the new American customs duties taking effect — reaching an impressive 104% for certain Chinese products — many American companies that have long relied on China to ...
Salam El Zaatari 10/04 09:30 - Reading : 5 minute(s)
In the age of globalization, few leaders have dared to question the structure that underpins the modern world economy. Donald Trump didn’t just question it, he took a wrecking ball to it. His tariff-first economic approach, widely criticized as reckless, may actually represent the beginning of a hard but necessary conversation: Should America ...
This is Beirut 10/04 08:30 - Reading : 5 minute(s)
United States Donald Trump Tariffs China
US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China. After days of turmoil, stocks on Wall Street and across Asia saw huge surges in reaction to Trump's announcement that he was halting a levy hike for almost all ...
Liliane Mokbel 09/04 21:35 - Reading : 3 minute(s)
Donald Trump United States China Oil Market
Oil prices plunged on Wednesday due to the escalating trade war between the United States and China, with Brent crude falling below $60 per barrel for the first time in four years. At around 11:20 GMT (13:20 in Paris), the price of North Sea Brent crude for June delivery dropped by 5.52% to $59.35, briefly reaching a low of $58.47 during the ...
This is Beirut 09/04 20:55 - Reading : 1 minute(s)
Lebanon was plunged into a nationwide blackout on Wednesday afternoon after a technical failure at the Deir Ammar power plant led to a complete shutdown of electricity production across all thermal power stations operated by Electricity of Lebanon (EDL). The outage, which began around 1:30 PM, disrupted power supply across vast swaths of the ...
This is Beirut 09/04 19:16 - Reading : 3 minute(s)
European Union Donald Trump United States
The EU on Wednesday adopted its first measures hitting back at President Donald Trump's tariff onslaught, targeting more than 20 billion euros of US goods, including soybeans, motorcycles, and beauty products. The levies of up to 25 percent are retaliation for US duties on steel and aluminum imposed last month -- with Europe's response to ...
This is Beirut 09/04 18:08 - Reading : 2 minute(s)
Donald Trump United States China Tariffs Trade
China will impose 84 percent tariffs on US imports, up from 34 percent, the finance ministry said Wednesday, hours after similar levies by the United States came into force. US President Donald Trump's latest salvo of tariffs came into effect on dozens of trading partners Wednesday, bringing duties on Chinese products up to 104 ...