This is Beirut 09/04 12:20 - Reading : 2 minute(s)
Donald Trump United States USA White House
Japan will sell more rice from its emergency stockpile through July in an attempt to stabilize soaring prices, the agricultural minister said Wednesday. After rice prices nearly doubled year-on-year, the government began auctioning its stockpile last month -- the first time since it was started in 1995. "In order to stabilize rice prices ...
Christiane Tager 08/04 22:40 - Reading : less than a minute
Donald Trump USA India economy Tariffs
Over 80% of the world’s rough diamonds are polished in India, cementing the country’s status as the global epicenter of brilliance. Yet, the sparkle of this thriving industry is under threat. A 27% US tariff, introduced by Donald Trump, casts a long shadow over India’s diamond trade, while retaliatory measures from India add fuel to the ...
This is Beirut 08/04 17:25 - Reading : 4 minute(s)
United States Trade World Trade Organization European Economic Community European Union
As the world reels from US President Donald Trump's tariff onslaught, here is a look back at some major trade wars since the 19th century: 19th century Opium Wars In the mid-19th century, two conflicts over the opium trade, which became known as the Opium Wars, pitted China against the British Empire. The first began in 1839, when Britain ...
Christiane Tager 07/04 22:50 - Reading : 6 minute(s)
Donald Trump global markets stock exchange dollars
The rollout of new tariffs under Donald Trump's leadership has been enough to trigger what many are now calling an economic apocalypse. Global financial markets began tumbling as early as Friday, and it has only deepened this Monday. The Paris stock exchange has already wiped out all its gains for the year, opening down 6.46%, while London’s ...
Mario Chartouni 07/04 21:00 - Reading : 3 minute(s)
Economy free trade Commerce Deficit
If there is one thing on which the vast majority of serious economists agree, whether they lean politically left or right, it is that free trade and commerce are beneficial to a nation. Yet, this truth is being contested today. Trade deficits are generating a lot of ink in the media, and they are being used to justify counterproductive policies. ...
This is Beirut 07/04 20:50 - Reading : 3 minute(s)
World Trade Organization United States Donald Trump
Often referred to as the "global trade police," the WTO is actually bound hand and foot by its members, with Washington's actions especially leaving it all but powerless against the protectionist wave washing over the globe. A number of countries have begun filing complaints with the World Trade Organization, charging that the steep ...
This is Beirut 07/04 15:15 - Reading : 1 minute(s)
Lebanon Beirut Tourism Pierre Achkar Qatar Kuwait
The President of the Federation of Tourist Unions and the Hoteliers’ Union, Pierre Achkar, revealed on Monday that Lebanon saw a significant influx of Qatari and Kuwaiti tourists during the Fitr vacation. He explained that Iraqi, Jordanian, Egyptian, and Syrian tourists were the main visitors in the past. But this year, Qataris and Kuwaitis ...
This is Beirut 07/04 15:05 - Reading : less than a minute
International Monetary Fund Finance Committee Ibrahim Kanaan
The parliamentary Finance and Budget Committee, chaired by MP Ibrahim Kanaan, has reaffirmed its commitment to “positive cooperation” with the International Monetary Fund (IMF). However, it decided to postpone its decision on increasing Lebanon's contribution to the institution by $423 million. The committee is waiting to consult with Finance ...
This is Beirut 07/04 11:55 - Reading : 1 minute(s)
Lebanon Olive oil The NYIOOC World Olive Oil Competition
The olive oil brand, Solar, won the gold medal at the NYIOOC World Olive Oil Competition, one of the most prestigious awards in the industry. This marks the third distinction for this Lebanese olive oil, which won a gold medal in 2022, and then a silver one in 2023. Amid challenges in Lebanon, this award holds particular significance for the ...
This is Beirut 07/04 10:45 - Reading : 2 minute(s)
Donald Trump United States USA
A top Chinese official has vowed to protect US firms and pledged his country will remain a "promising land" for foreign investment, Beijing said Monday, after it slapped 34 percent tariffs on US imports. China retaliated last week against levies at the same level announced by US President Donald Trump on what he called "liberation day". It also ...
Liliane Mokbel 05/04 12:00 - Reading : less than a minute
lebanon crisis imports GDP deficit
Lebanon's trade deficit in 2024 reached $14.2 billion, accounting for approximately 50% of the country's GDP. This level, one of the highest in the world, is alarming and reflects the magnitude of the country's economic imbalances. According to statistics from the Higher Council of Customs, imports declined by 3.5%, totaling $16.9 billion, while ...
Christiane Tager 05/04 08:55 - Reading : 2 minute(s)
United States China Trade war Tariffs
The global stage is in full turmoil. Donald Trump, acting as the grand conductor, has introduced new tariffs that have shaken stock markets and spread panic across the world economy. But the curtain hasn’t dropped yet. China, a major player, is preparing its counterattack and will, as of April 10, impose a 34% tax on American products. The game ...