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Trade War Redraws the Map: China Shifts Course
Christiane Tager 2025-09-26 11:30 - Reading : 2 minute(s)
Donald Trump Europe United States USA Washington
Since Donald Trump took office, Sino-American trade has sometimes resembled a high-stakes ping-pong match. Containers once destined for US ports now appear to have lost their way. In August 2025, exports to the United States fell 12% in a single month, representing around $5 billion worth of goods no longer crossing the Pacific, at least not ...
Italian Luxury Faces Turmoil as Armani Era Closes
This is Beirut 2025-09-27 13:00 - Reading : 4 minute(s)
Fashion Italy Giorgio Armani Heritage Culture Art
The first Milan Fashion Week without Giorgio Armani marks the end of an era in Italian luxury, at a time when houses across the sector are already in transition. After defending his independence throughout his life, the legendary designer, who died this month aged 91, entrusted his heirs with the task of selling his group. He cited French ...
Iran Denounces 'Unjustifiable' Return of UN Sanctions
This is Beirut 2025-09-28 12:50 - Reading : 4 minute(s)
Iran on Sunday condemned as "unjustifiable" the reinstatement of United Nations sanctions over its nuclear program after the collapse of talks with Western powers and Israeli and US strikes on its nuclear sites. The measures, which bar dealings linked to the Islamic republic's nuclear and ballistic missile activities, took effect overnight after ...
David Guetta Takes on Stade de France in 2026
This is Beirut 2025-09-20 15:00 - Reading : 3 minute(s)
David Guetta Music DJ Stade de France France AI
For over two decades, David Guetta has been a global hit-making machine. Now, the French DJ is taking on what he calls a “big challenge”: headlining the Stade de France for the very first time on June 13, 2026. His goal, he told AFP, is simple: to share “a moment of positivity.” Guetta, who has two Grammy Awards and four “Best DJ in the ...
Another Record High: Gold Shines Brighter Than Ever
This is Beirut 2025-09-29 14:00 - Reading : less than a minute
Gold Investments Dollar Washington Beijing
Gold continues to break records. The price per ounce (31.1 g) rose 1.3% on Monday, reaching $3,809, its highest level ever. The precious metal has surged 45% since the start of the year and nearly 130% over three years, outperforming most other investments. Several factors drive this gold rush: geopolitical uncertainties, from Russia’s invasion ...
Collectible Cars: Where Culture, Passion and Investment Meet
Christiane Tager 2025-09-30 17:50 - Reading : 3 minute(s)
Lebanon Collectible cars Fédération Internationale des Véhicules Anciens
In a world where traditional investments fluctuate with economic and geopolitical crises, collectible cars seem to hold steady. They do more than captivate enthusiasts; they also attract investors. In the United States and Europe, auction prices are soaring, and museums compete for rare models. What about Lebanon? Between roaring American muscle ...
Gold Hits New High Amid Safe-Haven Demand
This is Beirut 2025-10-01 12:10 - Reading : less than a minute
Gold prices hit a new all-time high on Wednesday, driven by a surge of investors seeking safe-haven assets following the official start of the U.S. government shutdown and disappointing employment data, which have strengthened expectations of an interest rate cut by the Federal Reserve. Spot gold rose 0.1% to $3,861.99 per ounce, after reaching a ...
The Cartel of School Tuitions: How Lebanon’s Middle Class Is Being Crushed
Salam El Zaatari 2025-10-02 11:00 - Reading : 5 minute(s)
Today in Lebanon, the biggest mafia is not only in politics. It’s in education. Private school owners, especially the so-called “Catholic” and “Islamic” institutions that claim to serve God, have turned into a cartel, worshiping only the dollar. Their business model is not about forming the next generation of Lebanese geniuses, but ...
The IMF’s Lebanon Framework: Balancing State Debt with Depositor Rights
This is Beirut 2025-10-02 11:50 - Reading : 9 minute(s)
Lebanon IMF Central Bank Banks Depositors
As Lebanon faces multiple challenges with economic and financial recovery from the country’s 2019 economic collapse, two interconnected issues remain particularly controversial: recovering the money of Lebanese who lost access to their bank deposits and holding those responsible for squandering their money ...
Lebanon’s Gold Market: Fast Profits and the Risk of Disillusionment
Liliane Mokbel 2025-10-02 13:35 - Reading : 2 minute(s)
The country’s gold market has entered a phase of sharp volatility. Against the backdrop of a prolonged crisis, transactions are picking up in both directions: some are selling jewelry and bullion to lock in immediate gains, while others are rushing to buy the yellow metal, long regarded as the ultimate safe haven. This contradictory dynamic ...
Oil: Overflowing Supply, Clouded Outlook
Christiane Tager 2025-10-03 19:30 - Reading : 2 minute(s)
Oil markets face a striking paradox: crude prices remain resilient despite a looming oversupply. Global production is swiftly rising, yet the lack of reliable data on certain stockpiles and sanctioned oil makes it difficult to assess the true balance between supply and demand, according to Reuters and the Financial Times. Analysts agree that ...
Lebanon Rushes for Aluminium as Imports Surge
Liliane Mokbel 2025-10-04 14:00 - Reading : less than a minute
In the first half of 2025, aluminium imports rose by 70% compared with the average for the same period over the past four years. This increase reflects strong demand driven by reconstruction efforts. The price per tonne currently stands at around $4,234, slightly below the recent average of $4,700. However, it remains high compared to the peaks ...
Sudanese Struggle to Survive in Cities Starved Under Siege
This is Beirut 2025-10-06 14:10 - Reading : 4 minute(s)
Hundreds of thousands of Sudanese civilians trapped in cities under paramilitary siege are struggling to survive, eating leaves with no aid allowed in more than two years into their country's war. AFP spoke to people in three besieged cities still nominally under army control, but which are surrounded by paramilitary forces: North Darfur ...
How Much Do Iran’s Proxies Really Cost?
Natasha Metni Torbey 2025-10-07 10:00 - Reading : 9 minute(s)
Nawaf Salam Lebanon Hezbollah Iran
A US Treasury delegation has begun a series of meetings in Beirut with the Central Bank, several commercial banks, and government officials. The mission’s goal is straightforward: to assess how effectively sanctions meant to curb Hezbollah’s financing are being enforced on the ground. This timing of the visit is significant. On September ...
Retirement or Marketing Gimmick? Cryptic LeBron Video Sets Internet Buzzing
This is Beirut 2025-10-07 13:25 - Reading : 2 minute(s)
Lakers Basketball LeBron James NBA
A cryptic video shared by LeBron James set the Internet abuzz on Monday, with fans wondering if the NBA superstar was preparing to announce his retirement or simply another commercial venture. The 10-second video posted on James' social media channels teased that the Los Angeles Lakers star would reveal the "decision of all decisions" at 1600 GMT ...
From Crisis to Record: Why Gold Just Topped $4,000 an Ounce
This is Beirut 2025-10-08 08:35 - Reading : 3 minute(s)
Gold Economy World Ounce Record
Gold's relentless rise reached another milestone on Wednesday as the precious metal hit $4,002.95 an ounce for the first time. "Investors continue to bid up the price of gold, with the precious metal rising more than 50 percent year to date and nearly 12 percent in September alone – one of the strongest monthly performances on record," said ...
Ukraine Strikes Put Pressure on Russian Oil
This is Beirut 2025-10-08 09:25 - Reading : 3 minute(s)
Ukraine is intensifying strikes on Russian refineries and oil infrastructure, with more than 30 attacks since early August, aimed at weakening Moscow's ability to finance war against its neighbor. Current Consequence? Russia is the world's third-largest producer and second-biggest exporter of crude oil. Oil and gas revenues represented about 30 ...
Permanent and Semi-Permanent Products: The False Miracle You Must Avoid
Bélinda Ibrahim 2025-10-09 10:45 - Reading : 4 minute(s)
A flawless face, preserved for years or even a lifetime. Since the 1980s, these injectables have been marketed as the ultimate solution to aging and facial imperfections. They include liquid silicone, polymer gels, polymethylmethacrylate (PMMA) microspheres, polyacrylamide, and polyalkylimide. Their promise: long-lasting correction, stable volume, ...
The Deception of the Obstructionist Axis: Did You Say ‘Resistance’?
Michel Touma 2025-09-22 08:30 - Reading : 3 minute(s)
Nawaf Salam Lebanon Hezbollah Naim Qassem Saudi Arabia Iran
A textbook example of deceit and blatant bad faith — that’s how one could describe the speech delivered late last week by Hezbollah’s secretary-general, Sheikh Naim Qassem. With a straight face, he called on Saudi Arabia to “open a new page in its relations with the resistance,” and he added, almost innocently, that “the weapons of the ...
EU Proposes Ban of Russian LNG Fuel in Latest Sanctions Package
This is Beirut 2025-09-19 18:38 - Reading : 4 minute(s)
The European Union proposed Friday to bring forward by a year a ban on Russian gas imports as part of new sanctions to sap Moscow's war chest and please US President Donald Trump. The 19th package of EU sanctions targeting Moscow since the 2022 invasion of Ukraine also seeks to hit firms as well as banks and traders in China, India, and other ...
Lebanese Lieutenant and First Adjutant Killed in Israeli Drone Blast
This is Beirut 2025-08-28 15:25 - Reading : 3 minute(s)
Nawaf Salam Hezbollah South Lebanon
Two Lebanese soldiers, a lieutenant and a first adjutant, were killed Thursday in Naqoura while a military unit was inspecting an Israeli drone that had crashed while carrying an unexploded bomb. According to preliminary information, the drone was attempting to drop the device on an excavator before crashing. Ambulance teams rushed to the scene ...
Wirtz Stunner Helps Germany Bounce Back Against Northern Ireland
This is Beirut 2025-09-08 14:15 - Reading : 4 minute(s)
Germany Football Northern Ireland World Cup 2026
A stunning free kick from Florian Wirtz helped Germany overcome a sluggish performance to beat Northern Ireland 3-1 in World Cup qualifying in Cologne on Sunday. Germany came into the match under pressure after a shock 2-0 loss to Slovakia in their opening qualifier on Thursday, with coach Julian Nagelsmann making five changes to his starting ...
US Ends Tariff Exemption for Small Packages Shipped Globally
This is Beirut 2025-08-29 09:35 - Reading : 4 minute(s)
USA Donald Trump customs Tariff Mail
The United States on Friday ended tariff exemptions on small packages entering the country from abroad, in a move that has sparked concern among small businesses and warnings of consumer price hikes. President Donald Trump's administration cited the use of low-value shipments to evade tariffs and smuggle drugs in ending duty-free treatment for ...
Heavy Clashes in Gaza City Amid Reports of Israeli Casualties, Missing
This is Beirut 2025-08-30 09:45 - Reading : 1 minute(s)
Nawaf Salam Hamas Palestine Gaza
Gaza City witnessed intense fighting in the Zeitoun neighborhood in recent hours, with reports that four Israeli soldiers went missing and two were killed in an ambush carried out by Hamas’s armed wing, the Al-Qassam Brigades, according to Saudi TV, Al Hadath. Israeli journalists on social media reported a series of “difficult” ...
Budget 2026: Quick Taxes or Deep Reform?
Liliane Mokbel 2025-08-31 20:05 - Reading : 3 minute(s)
Lebanon economy Budget 2026 Taxes Reforms
For 2026, the Finance Minister has promised a deficit-free budget, with revenues and expenditures in balance. An attractive prospect, but at what cost to Lebanese households? Tax hikes and new levies could quickly turn that balance into a burden for taxpayers. The draft budget has been submitted to the General Secretariat of the Council of ...
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 ...
Gold Price Hits Record Above $3,500
This is Beirut 2025-09-02 08:55 - Reading : 1 minute(s)
Gold prices hit a record high above $3,500 on Tuesday, as investors sought out safe havens in the face of global economic uncertainty. The precious metal reached $3,501.59 an ounce during early trading in Asia, soaring past its previous record of $3,500.10 in April. The run in gold prices comes as investors weigh up a weakened US dollar and the ...
Gold Hits New Record High as Investors Flee Risk, Asia Stocks Slide
This is Beirut 2025-09-03 08:40 - Reading : 1 minute(s)
Donald Trump Banks Market Gold
Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens following a selloff in equity and bond markets. Bullion for immediate delivery hit a fresh record as Asia markets opened, climbing 0.4 percent to hit $3,546.96 an ounce. Prices have risen five percent over the ...
Antitrust Cases Against US Tech Giants
This is Beirut 2025-09-03 09:55 - Reading : 3 minute(s)
Donald Trump Washington Google Amazon Meta
Launched under both the Trump and Biden administrations, five major antitrust cases from the Federal Trade Commission and the US Department of Justice are proceeding against major American technology companies. These cases represent a significant shift in antitrust enforcement in the United States, with regulators taking a more aggressive ...
EDL vs. Private Generators: Lebanon’s Daily Electricity Battle
Liliane Mokbel 2025-09-03 15:45 - Reading : 2 minute(s)
Lebanon EDL Central Bank of Lebanon Banks economy
Electricité du Liban (EDL) collection agents occasionally remember to bill subscribers. Neighborhood generator operators, on the other hand, never forget the last day of the month. They collect payments even before reading meters, already knowing exactly how much they will extract. The idea of EDL self-financing its fuel purchases remains ...