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Gucci owner Kering posts 46% profit slump before new CEO arrives
This is Beirut 2025-07-30 14:00 - Reading : 3 minute(s)
Gucci Fashion Luxury Art Culture
French luxury group Kering reported Tuesday a 46 percent plunge in net profit during the first half, with sales slumping again at its flagship Gucci brand, as the group awaits a new CEO to try to regain its footing. Group net profit fell to 474 million euros ($547 million) in the first half from 878 million in the same period last year, on sales ...
The Old Continent in Turnberry: Strategic Compromise or Keen Submission?
Mario Chartouni 2025-07-30 16:30 - Reading : 4 minute(s)
European Union United States Donald Trump Ursula Von Der Leyen
A new trade agreement between the European Union (EU) and the United States was reached on Sunday in Turnberry, Scotland, after weeks of tense negotiations. The pact sets a 15% tariff on most European goods exported to the US market, narrowly avoiding a trade war, but leaving a bitter taste in Brussels. While it marks a tariff truce, the deal has ...
Lebanese Weddings: A Factory of Bliss and Big Bucks
Christiane Tager 2025-07-31 17:00 - Reading : 3 minute(s)
Lebanon Summer Weddings Economy
Today, Lebanese weddings are no longer just about love; they’re major financial productions. Each celebration activates an entire economic ecosystem: fully booked wedding planners, photographers and videographers charging thousands of dollars, gourmet caterers offering five-star menus, florists capable of transforming any venue into a lush ...
Eight OPEC+ Countries Raise Production by 547,000 Bpd
This is Beirut 2025-08-03 17:20 - Reading : 3 minute(s)
Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a day in a move that analysts say aims to regain market share amid resilient crude prices. Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, along with the Saudis and Russians, together nicknamed the ...
Italy’s Fast Fashion Hub Turns Into Chinese Mafia Crime Battleground
This is Beirut 2025-08-04 13:30 - Reading : 5 minute(s)
Fashion Italy China Culture Art Fast-fashion
When Zhang Dayong lay in a pool of blood on a sidewalk in Rome after being shot six times, few suspected a link to Italy's storied textile hub of Prato. But a "hanger war" is raging in the city near Florence — turning Europe's largest apparel manufacturing center and a pillar of Made in Italy production into a battleground for warring Chinese ...
Saudi Aramco Profit Drops 22 Percent on Lower Prices
This is Beirut 2025-08-05 10:05 - Reading : 1 minute(s)
Gulf Middle East Saudi Energy Oil Aramco
Saudi Aramco's profit slid 22 percent in the second quarter to 85 billion riyals ($22.67 billion) as a slump in prices hit revenues, the oil giant said on Tuesday. Aramco, the world's biggest oil exporter and driver of the Saudi economy, has now seen profits decline for 10 straight quarters since record results in late 2022. "The decrease in ...
Kim Novak, Hollywood’s Free-Spirited Star Honored in Venice
Bélinda Ibrahim 2025-08-12 18:00 - Reading : 4 minute(s)
Venice Film Festival Kim Novak Actress Cinema Star Hollywood
Born Marilyn Pauline Novak on February 13, 1933, in Chicago, Kim Novak was never just another actress. With her sculpted features, melancholy gaze and enigmatic screen presence, she emerged in the 1950s as one of Hollywood’s defining figures. Yet behind that meteoric rise was a fiercely independent woman who resisted the rules of the studio ...
Climate Disruption Drives Up Grocery Costs
Christiane Tager 2025-08-05 10:30 - Reading : 3 minute(s)
Lebanon New York United Kingdom Japan Climate
There was a time when fuel prices were the main concern. Today, it’s the cost of food that’s raising eyebrows. What ends up on our plates is no longer determined solely by supply, demand or inflation. Temperature has become a key factor. Behind the sharp rise in food prices, a quieter but increasingly decisive force has emerged: climate ...
Thousands in Besieged Sudan City at 'Risk of Starvation'
This is Beirut 2025-08-05 15:20 - Reading : 2 minute(s)
Thousands of families trapped in a besieged city in war-torn Sudan's west are at "risk of starvation", the World Food Program warned on Tuesday. Since May last year, El-Fasher, the state capital of North Darfur, has been under siege by the paramilitary Rapid Support Forces (RSF), who have been at war with the army since April ...
Wirtz Unfazed By Huge Liverpool Price Tag
This is Beirut 2025-08-05 18:55 - Reading : 3 minute(s)
Florian Wirtz says his huge price tag "doesn't matter" as he prepares for his first season in the Premier League after a switch to champions Liverpool from Bayer Leverkusen. The attacking midfielder arrived at Anfield for an initial £100 million ($132 million) that could rise to £116 million with add-ons, making his move a potential British ...
Natural Disasters Caused $135 BN in Economic Losses in First Half of 2025
This is Beirut 2025-08-06 13:35 - Reading : 1 minute(s)
switzerland insurance climate Economy
Natural disasters caused $135 billion in economic losses globally in the first half of 2025, fuelled by the Los Angeles wildfires, Swiss Re said Wednesday. Swiss Re, which serves as an insurer of insurance companies, said first half losses were up from the $123 billion in the first half of 2024. The Zurich-based reinsurance giant estimated that ...
Liverpool Set To Cut Losses With Nunez Move To Saudi
This is Beirut 2025-08-06 19:00 - Reading : 1 minute(s)
Darwin Nunez Liverpool England
Liverpool striker Darwin Nunez is reportedly closing in on a move to Saudi club Al Hilal, which could allow the Premier League champions to make a fresh bid for Newcastle's Alexander Isak. Nunez joined the Reds for an initial 75 million euros ($87 million, £65 million) from Benfica three years ago but has failed to live up to that price ...
Sales in Lebanon: Swing Between Bargains, Illusions and Economic Survival
Christiane Tager 2025-08-08 16:20 - Reading : 3 minute(s)
Lebanon Economy Shopping Sales
For many Lebanese, sales are the only time of year when long-desired items become remotely affordable: a pair of sneakers, a designer dress or a household appliance. With wallets worn thin by inflation, a devalued currency and eroding purchasing power, discounts provide a much-needed breather. But while some shoppers welcome the relief, others ...
Indian PM Modi Says Had 'Good' Conversation with Putin
This is Beirut 2025-08-08 16:55 - Reading : 2 minute(s)
Donald Trump Vladimir Putin Modi Russia India
Indian Prime Minister Narendra Modi said he had "a very good" conversation with Russian President Vladimir Putin on Friday, during which they discussed Ukraine and ways to strengthen bilateral ties. "Had a very good and detailed conversation with my friend President Putin. I thanked him for sharing the latest developments on Ukraine," Modi posted ...
From Boom to Bust: Lebanon’s Solar Market Collapses
Liliane Mokbel 2025-08-09 15:00 - Reading : 1 minute(s)
In just a few months, the sun has set on Lebanon’s booming solar panel market. According to customs data, imports dropped by 72% in the first half of 2025 compared to the same period last year. The total value fell to $21 million, down from $75 million in 2024, with volumes shrinking from 34,000 tons to 11,000 tons. The contrast is even ...
Nunez Leaves Liverpool to Join Saudi’s Al-Hilal
This is Beirut 2025-08-10 13:00 - Reading : 2 minute(s)
Liverpool sold striker Darwin Nunez to Saudi side Al-Hilal, both clubs confirmed on Saturday, in a move that could allow the Premier League champions to make a fresh bid for Newcastle's Alexander Isak. Nunez joined the Reds for an initial 75 million euros ($87 million, £65 million) from Benfica three years ago but has failed to live up to that ...
Tariff: A Price on Everything?
Sana Richa Choucair 2025-08-10 15:00 - Reading : 3 minute(s)
Donald Trump United Kingdom White House
Since his return to the White House in January 2025, Donald Trump has revived the rhetoric of trade wars, invoking the word “tariff” at every turn. Whether announcing new import taxes on European goods or boasting of protecting American jobs, he treats tariffs not just as economic levers but as symbols of strength. Yet beneath this hardline ...
Four Days Left to Square the Circle on Global Plastic Pollution Treaty
This is Beirut 2025-08-11 09:15 - Reading : 3 minute(s)
United Nations Plastic Pollution
Countries remained at loggerheads Monday over how to tackle plastic pollution, with only four days left to craft a landmark global treaty on reining in the ever-growing scourge. While plastic has transformed modern life, plastic pollution poses an increasing threat to the environment and the human body -- and every day the garbage accumulates on ...
Iran Seizes Foreign Tanker Over Fuel Smuggling
This is Beirut 2025-08-11 14:40 - Reading : less than a minute
Iranian authorities have seized a foreign tanker accused of smuggling fuel in the Gulf waters and arrested its 17 crew members, local media reported Monday. "Police border guards in Hormozgan province seized a tanker named Phoenix, flying the flag of a third country, in Iranian territorial waters," ISNA news agency reported, without ...
Trump Says Gold Will Not Face Tariffs after Customs Confusion
This is Beirut 2025-08-11 21:10 - Reading : 2 minute(s)
United States Donald Trump Gold Tariffs
US President Donald Trump said Monday that gold imports will not face additional tariffs, days after confusion flared on whether recent hikes applied to certain gold bars, threatening to upend global trade of the precious metal. Trump's comments came after US customs authorities made public a letter saying that gold bars at two standard weights, ...
Taylor Swift Announces 12th Album for 'pre pre-order'
This is Beirut 2025-08-12 17:00 - Reading : 2 minute(s)
Taylor Swift Tour Music Culture Art Singer
US popstar Taylor Swift announced her 12th album, titled The Life of a Showgirl, for "pre pre-order" just after midnight Tuesday in posts on her website. Her online shop displayed blurred images of a record, CD and cassette tape overlaid with a glittery orange lock, explaining the album artwork would be "revealed at a later date." A disclaimer ...
Bitter Fruits, Pricey Greens: Lebanon’s Food Basket Feels the Heat
Christiane Tager 2025-06-26 11:30 - Reading : 2 minute(s)
War Drought Fruit Vegetables Price
Think your tomatoes are overpriced? It’s not a pricing trick. It's the harsh reality of Lebanon’s agricultural market in 2025. Amid unpredictable weather patterns, ongoing conflict, soaring fuel prices, and fertilizer costs reaching unprecedented heights, the prices of fruits and vegetables have climbed to new levels. Ibrahim Tarchichi, ...
Turkey Breathes Easier as Iran-Israel Truce Eases Fallout Risk
This is Beirut 2025-06-25 13:40 - Reading : 4 minute(s)
Nawaf Salam Turkey Donald Trump Middle East Iran
As the fragile Iran-Israel truce took hold, there was no letup in Turkey's diplomatic efforts Wednesday to prevent any return to a conflict fraught with risk for Ankara's domestic and regional policies. Hours after US President Donald Trump announced the ceasefire, Turkey's President Recep Tayyip Erdogan met him for talks on the sidelines of a ...
Iran and the Sanctions’ Reinstatement: From Balance to Isolation
Paul Guillot 2025-09-01 15:40 - Reading : 3 minute(s)
Banks Europe Iran Economy Sanctions
Three months after the “twelve-day war” with Israel, Iran is struggling to keep its economy afloat under severe US sanctions. With mounting military pressure, the return of European sanctions and the continuing collapse of its currency, the Islamic Republic has never been more vulnerable. Fragile Growth Despite decades of international ...
Time for Lebanon to Partner with Israel Against Hezbollah
Hussain Abdul-Hussain 17/03 12:15 - Reading : 4 minute(s)
Lebanon Hezbollah Israel UN Security Council Nawaf Salam
Now that Lebanon and Israel’s interests are so clearly aligned in disarming Hezbollah, the time has come for the two states to cooperate toward this shared goal and lay the groundwork for peace. On March 2, Lebanon’s cabinet convened an emergency meeting and declared Hezbollah’s military and security activities illegal, ordered it to ...
Israeli Druze Leader Says Syrian Community 'Besieged' Months After Clashes
This is Beirut 20/02 09:10 - Reading : 3 minute(s)
Lebanon Damascus Israel Middle East United Nations
Seven months after deadly clashes between Syria's Druze minority and government‑backed forces, the spiritual leader of Druze in neighbouring Israel said members of the community across the border remained in peril. "They're still besieged -- completely encircled. They aren't allowed to bring in any humanitarian aid, including the aid we're ...
Lebanon’s Justice Minister Questions 1955 Anti-Israel Law, Signals Shift in Official Discourse
This is Beirut 20/02 11:55 - Reading : 3 minute(s)
Justice Minister Adel Nassar has opened the door to a sensitive national debate by questioning the legacy and application of Lebanon’s 1955 law banning contacts with Israel—legislation long treated as untouchable. Speaking about the controversial statute, Nassar acknowledged that in past decades it had operated in a political climate ...
Lebanon Signals Interest in Joining IMEC Trade Corridor
This is Beirut 26/02 19:55 - Reading : 3 minute(s)
Lebanon IMEC Emmanuel Macron Joseph Aoun Nawaf Salam Saudi Arabia
Lebanese President Joseph Aoun has communicated to French President Emmanuel Macron expressing Lebanon’s interest in joining the India-Middle East-Europe Economic Corridor (IMEC). As a signatory to the IMEC agreement, Lebanon is asking France to petition Lebanon’s integration into the corridor. “Lebanon is ready to engage ...
Iraq PM Candidate Maliki Meets Senior U.S. Diplomat
This is Beirut 27/02 15:25 - Reading : 1 minute(s)
Donald Trump Turkey USA Washington
The leading candidate to become Iraq's next prime minister, Nouri al-Maliki, met with US diplomat Tom Barrack on Friday after refusing to withdraw his nomination despite the US threatening to stop supporting the country if he returns to the post. Barrack, the US envoy to Syria and ambassador to Turkey, has recently visited Iraq ...
Rubio to Visit Israel Next Week to Discuss Iran, Lebanon, and Gaza
This is Beirut 27/02 19:30 - Reading : 3 minute(s)
Marco Rubio United States Israel Iran Nuclear Talks
The U.S. Department of State announced on Friday that Secretary Marco Rubio will travel to Israel next week to discuss regional issues. “The Secretary will discuss a range of regional priorities including Iran, Lebanon, and ongoing efforts to implement President Trump’s 20-Point Peace Plan for Gaza,” the State Department ...