This is Beirut 17/04 11:35 - Reading : 4 minute(s)
As the trade war between the United States and China escalates, here is a point-by-point comparison of the world's two biggest economic powers. Geographic, demographic giants With a surface area of more than nine million square kilometres (3.5 million square miles) each, the United States and China rank among the world's four biggest ...
Marc Saikali 17/04 08:30 - Reading : 3 minute(s)
Gulf International Monetary Fund
Just when we thought we’d seen it all in the Lebanese saga of economic collapse, the government rolled out a new episode—one so twisted it makes a Netflix series look like a documentary on quantum physics. A draft banking reform law, rushed through cabinet, casually proposes placing the burden of the collapse on depositors and local ...
Christiane Tager 16/04 22:35 - Reading : 2 minute(s)
United States luxury Hermes china tariffs
The world of luxury may shine bright, but it’s not immune to economic storms. On Tuesday, the biggest names – Kering, Hermès and LVMH – saw their shares take a hit, with a stock market slump that was anything but glamorous. The biggest blow went to LVMH, whose first-quarter 2025 results showed a 2% drop in revenue. It’s the first slap in ...
This is Beirut 16/04 21:40 - Reading : 3 minute(s)
USA Donald Trump Europe New York United Kingdom
Wall Street shares fell but European stocks diverged Wednesday after the US government imposed restrictions on exports of a key Nvidia chip to China, the latest trade war salvo between the world's biggest economies. After a relatively peaceful couple of days on markets following tariff-related volatility last week, investors were once again on ...
This is Beirut 16/04 18:49 - Reading : 5 minute(s)
The Finance and Budget Committee, chaired by MP Ibrahim Kanaan, has tentatively approved an increase in Lebanon's contribution to the International Monetary Fund, requesting Minister of Finance Yassine Jaber to provide a study on the feasibility of raising Lebanon’s contribution by $423 million. According to Kanaan, the increase in ...
This is Beirut 16/04 18:20 - Reading : 2 minute(s)
The Lebanon office of the European Bank for Reconstruction and Development (EBRD), in collaboration with the Chamber of Commerce, Industry and Agriculture of Tripoli and the North, and the Business Incubation Association in Tripoli (BIAT), held a session this week to present its latest consulting programs for small and medium-sized enterprises ...
This is Beirut 16/04 12:15 - Reading : 5 minute(s)
The joint parliamentary committees are currently discussing the draft law amending banking secrecy. The version approved by the government is under review and modification in Parliament. This amendment — referred from the government to Parliament by Decree No. 103 — is the second in just three years. In 2022, the banking secrecy law ...
This is Beirut 16/04 11:15 - Reading : less than a minute
A sign of lingering market anxiety, gold — the ultimate safe-haven asset — continues to attract investors fleeing riskier assets and climbed on Wednesday to a new all-time high of $3,275 per ounce. “High uncertainty, along with increased central bank buying and expectations of rate cuts by the US Federal Reserve, continues to support ...
This is Beirut 16/04 09:15 - Reading : 4 minute(s)
USA Europe Donald Trump European Union Banks
With President Donald Trump more unpredictable than ever and transatlantic ties reaching new lows, calls are growing louder for Europe to declare independence from US tech. From Microsoft to Meta, Apple to Uber, cloud computing to AI, much of the day-to-day technology used by Europeans is American. The risks that brings were hotly debated before ...
Christiane Tager 15/04 22:30 - Reading : 3 minute(s)
Gulf Joseph Aoun United Arab Emirates Qatar economy
The visit, which began Tuesday in Doha, aims to solidify bilateral relations and formally acknowledge Qatar’s support during Lebanon’s recent presidential election. However, beyond symbolic gestures, high-level discussions will focus on economic recovery, energy cooperation, and Qatar’s potential role in stabilizing Lebanon’s ailing ...
This is Beirut 15/04 21:35 - Reading : 1 minute(s)
Donald Trump China United States Tariffs
US President Donald Trump believes it is up to China, not the United States, to come to the negotiating table on trade, the White House said Tuesday as tensions escalate between the world's two biggest economies. "The ball is in China's court. China needs to make a deal with us. We don't have to make a deal with them," said ...
This is Beirut 15/04 19:30 - Reading : 3 minute(s)
Donald Trump Banks New York USA Stocks Market
Stock markets rose Tuesday as investors digested strong bank earnings and shares in several auto giants surged over hopes of tariffs relief from US President Donald Trump. Some stability has returned to markets after last week's roller-coaster ride over Trump's stop-start tariff announcements, but uncertainty remains over speculation of new ...