This is Beirut 04/02 12:50 - Reading : 4 minute(s)
China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts. That came just minutes after a 10 percent tariff hike on Chinese goods, announced by US President Donald Trump on Saturday, came into effect. Here's the state of play in the ...
Christiane Tager 03/02 22:30 - Reading : 2 minute(s)
Donald Trump Gold currencies dollar euro
After a year marked by record highs, gold seems poised to continue its surge in 2025, as investors seek to shield themselves from global economic uncertainties. The trade policies of US President Donald Trump, particularly the new tariffs that could provoke a trade war, dampen economic growth and fuel inflation, will likely benefit gold. Gold ...
This is Beirut 03/02 18:00 - Reading : 1 minute(s)
Donald Trump Washington Canada Stocks Tariffs
Wall Street stocks opened sharply lower Monday, joining most international equity bourses in falling after US President Donald Trump launched trade wars against Canada, Mexico and China. The tariffs, if maintained, are expected to prolong or worsen inflationary pressures, hitting growth. About 25 minutes into trading, the Dow Jones industrial ...
This is Beirut 03/02 10:40 - Reading : 1 minute(s)
Donald Trump Washington OpenAI DeepSeek
US tech giant OpenAI on Monday unveiled a ChatGPT tool called "deep research" ahead of high-level meetings in Tokyo, as China's DeepSeek chatbot heats up competition in the AI field. Artificial intelligence newcomer DeepSeek has sent Silicon Valley into a frenzy, with its supposed low cost and high performance prompting calls for US developers to ...
This is Beirut 02/02 11:55 - Reading : 1 minute(s)
Donald Trump United States USA Washington
Japan is “deeply concerned” about the possible repercussions on global trade of US President Donald Trump's sweeping tariffs targeting major trading partners Canada, Mexico and China, its finance minister said Sunday. Trump said Canadian and Mexican exports to the United States would face a 25 percent tariff starting Tuesday, while goods from ...
Victoria C. Werling 01/02 16:00 - Reading : 4 minute(s)
Wines, condiments of all kinds, baskets filled with honey, cakes and jams — stepping into Convivio in Antelias is like immersing yourself in the heart of Lebanese terroir. Since 2019, sisters Mirvat and Karine Sarkis have carefully curated the products they offer in their store. “When the economic crisis started, we decided to sell Lebanese ...
Liliane Mokbel 01/02 12:45 - Reading : less than a minute
Car imports through the port of Beirut have seen a significant -20% drop in the first eleven months of 2024, compared to the same period in 2023. From January to November 2024, a total of 41,135 cars were imported, down from 51,423 during the same period last year, reflecting a slowdown in the automotive import sector.
This is Beirut 31/01 20:20 - Reading : 1 minute(s)
Ukraine USA Vladimir Putin Goldman Sachs
Russian President Vladimir Putin on Friday gave the green light to investment bank Goldman Sachs to offload its Russian subsidiary, a highly symbolic departure amid the Western corporate exodus. The US bank, which was hired by the Kremlin in the 1990s to help attract foreign investors, announced plans to leave Russia in March 2022, just days ...
This is Beirut 31/01 18:13 - Reading : 1 minute(s)
Air passenger transport hit a new record in 2024 as it surpassed the levels seen before the Covid pandemic dealt a severe blow to travel, the world's leading airline body said on Thursday. Expressed in the total distance passengers flew, traffic in 2024 rose 10.4 percent from the year before and was 3.8 percent higher than the previous record set ...
Liliane Mokbel 31/01 17:05 - Reading : 5 minute(s)
European Union Syria Sanctions US
The 27-member European Union agreed on Monday on a "roadmap" to gradually ease sanctions on key sectors of the Syrian economy that were imposed under the former regime of Bashar al-Assad. However, the EU has ruled out any unconditional lifting of these measures. The process will be gradual and subject to strict conditions. In other words, the bloc ...
Christiane Tager 31/01 10:40 - Reading : 3 minute(s)
The relationship between the Lebanese Ministry of Energy and the French oil giant TotalEnergies seems to be on the brink of collapse. The issue lies in a report on the drilling of Block 9 that has not been submitted to the Lebanese authorities. In 2023, TotalEnergies announced the start of drilling in Block 9, off the Lebanese coast, as part of ...
This is Beirut 30/01 18:20 - Reading : less than a minute
The price of gold hit a new record Thursday, lifted by uncertainty over the economic policies of US President Donald Trump and the dollar's weakness following a disappointing US growth report. Around 15H25 GMT, gold was trading at $2,789.94 dollars an ounce, shortly after rising to just over $2,791 dollars, beating its previous record of ...