Economy

Trump Launches His Own Cryptocurrency!
Trump Launches His Own Cryptocurrency!

It was only a matter of time before Donald Trump had his own cryptocurrency, and now it’s finally here. Just two days before being inaugurated as the 47th president of the United States, Donald Trump launched his personal crypto. Trump has entered the cryptocurrency world with a "meme coin" bearing his likeness. The coin features Trump with a ...

Netflix Reports Surge in Subscribers, new Price Hikes
Netflix Reports Surge in Subscribers, new Price Hikes

Netflix on Tuesday said it added nearly 19 million subscribers during the holiday season to finish out last year with more than 300 million subscribers. Company executives credited steady investments in shows and films with helping power growth at the streaming behemoth, while announcing it is increasing prices in Argentina, Canada, Portugal and ...

Trump Touts $500 bn AI Project , Faces Criticism from Cathedral Pulpit
Trump Touts $500 bn AI Project , Faces Criticism from Cathedral Pulpit

President Donald Trump on Tuesday announced a major investment to build infrastructure for artificial intelligence led by Japanese giant Softbank, cloud giant Oracle and ChatGPT-maker OpenAI. The venture, called Stargate, "will invest $500 billion, at least, in AI infrastructure in the United States," Trump said in remarks at the White House. ...

Is It Possible to Return Syrian Bank Deposits?
Is It Possible to Return Syrian Bank Deposits?

During a visit to Syria in early January, caretaker Prime Minister Najib Mikati was met with a striking demand from the country’s new ruler, Ahmad al-Sharaa: the restitution of Syrian deposits held in Lebanese banks. While the request might appear justified on the surface, it lacks clarity and a solid legal foundation, according to a legal ...

Stocks enjoy 'Trump bump', but oil slumps
Stocks enjoy 'Trump bump', but oil slumps

Global stock markets climbed on Tuesday as Donald Trump wasted no time in starting his second term as US president with a raft of announcements affecting the global economy. Oil prices slumped however on the prospect of more drilling in the United States, while the dollar lost much of its initial gains. Wall Street's major indices rose at the ...

Brazil drought lights a fire under global coffee prices
Brazil drought lights a fire under global coffee prices

Brazilian coffee producer Moacir Donizetti first smelled the smoke, and then watched in desperation as a blaze consumed his family coffee plantation last year. The 54-year-old was one of hundreds of farmers hit by a brutal forest fire in Sao Paulo state, where years of soaring heat and erratic rains are set to drive up the cost of an espresso or ...

Hospital Fees: When Healthcare Becomes a Privilege
Hospital Fees: When Healthcare Becomes a Privilege

The 2019 economic crisis has had a profound impact on Lebanon’s healthcare system, driving costs to alarming levels. Health insurance companies have been forced to adjust premiums in response to the devaluation of the Lebanese pound, making access to adequate healthcare coverage increasingly difficult, especially for the middle and lower ...

Hamiye Signs Agreement with THALES to Strengthen Lebanon’s Border Security
Hamiye Signs Agreement with THALES to Strengthen Lebanon’s Border Security

Caretaker Minister of Public Works and Transport Ali Hamiye signed an agreement in Paris with THALES, a leading French company specializing in aerospace, defense and security, which is also responsible for the Secure Boarding Management System (SBMS). Under the agreement, THALES will oversee the implementation of the SBMS, an advanced solution ...

FAO Assesses Damage to Lebanon’s Agricultural Sector
FAO Assesses Damage to Lebanon’s Agricultural Sector

Lebanon’s Caretaker Agriculture Minister Abbas Hajj Hassan met on Monday with a delegation from the UN’s Food and Agriculture Organization (FAO), led by Ambassador Veronica Quattrola. The meeting focused on key issues concerning Lebanon’s agricultural sector, especially assessing the damage caused by Israeli bombings on agricultural ...

Fayad Says Sanctions on Petroleum and Energy Derivatives Will Be Lifted
Fayad Says Sanctions on Petroleum and Energy Derivatives Will Be Lifted

Caretaker Minister of Energy Walid Fayad said on Monday that “sanctions on the trade of petroleum and energy derivatives will be lifted.” Fayad made this statement following a meeting with the US Ambassador to Lebanon, Lisa Johnson. The minister reiterated that “the funds allocated for fuel purchases were limited,” but were secured ...

Cyprus tourist arrivals topped four million in 2024
Cyprus tourist arrivals topped four million in 2024

Cyprus tourist arrivals exceeded four million for the first time last year despite devastating wars in the nearby Middle East, official figures showed on Friday. Tourism Minister Costas Koumis called the figures a "historic achievement" with income expected to exceed three billion euros for the first time. But he warned that the island, which ...

Markets extend global rally as Trump-Xi talks boost sentiment
Markets extend global rally as Trump-Xi talks boost sentiment

Most Asian markets rose Monday following a rally on Wall Street and a record-breaking day in Europe, with sentiment boosted by positive talks between Donald Trump and Chinese President Xi Jinping that soothed worries about the incoming US leader's second term. A sense of caution has permeated trading floors ahead of the tycoon's inauguration ...