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NBA’s Celtics Sold For Record $6.1bn
This is Beirut 2025-03-21 11:00 - Reading : 1 minute(s)
USA NBA Basket-ball Celtics Boston
The NBA's Boston Celtics are being sold to the head of a California private equity firm for $6.1 billion, a record price for a US sports franchise, The Boston Globe reported Thursday. The newspaper, citing a league source, said the Celtics ownership had agreed to sell the iconic team to William Chisholm, managing director and co-founder of ...
Europe Shifts Gears for the Trump Era
This is Beirut 2025-03-20 10:50 - Reading : 4 minute(s)
Donald Trump Europe European Union
Barely a month ago, a phone call between Donald Trump and Vladimir Putin sent an unmistakable message across the Atlantic: the United States may not be there forever to keep Europe safe from an aggressive Russia. By the time the pair spoke again this week, a whirlwind of diplomacy had seen Europe juggle alliances and rewrite long-held rules – ...
Pressure from Washington: Lebanon on Edge
Salam El Zaatari 2025-03-20 09:00 - Reading : 4 minute(s)
Lebanon USA Steve Witkoff Donald Trump Middle East
When a US envoy speaks this bluntly, the game has changed. Steve Witkoff, the US special envoy to the Middle East, did not hide his frustration with Lebanese officials’ handling of Hezbollah. He went even further, emphasizing that Washington no longer accepts Lebanon’s strategy of maneuvering and political jockeying, arguing that it ...
Rocked by Trump, EU Seeks to Kickstart Defense Push
This is Beirut 2025-03-19 11:05 - Reading : 3 minute(s)
Donald Trump European Union Europe Ukraine
The EU on Wednesday will look to fire the starting pistol on plans to help member states bolster their defences, as Europe grapples with an aggressive Russia and the potential loss of US security protections. US President Donald Trump has turbocharged calls for Europe to rearm by casting doubt on Washington's central role in NATO and making ...
German MPs Approve Colossal Fiscal Spending for Defense and Infrastructure
This is Beirut 2025-03-18 21:40 - Reading : 4 minute(s)
Germany Europe Defense Reichstag
German lawmakers gave the green light on Tuesday for a colossal spending boost for defense and infrastructure pushed by chancellor-in-waiting Friedrich Merz amid deep fears in Europe over the future strength of the transatlantic alliance. The unprecedented fiscal package—dubbed "XXL-sized" and a cash "bazooka" by German media—could pave the ...
Iran says US Decision to not Renew Iraq Sanctions Waiver 'Illegal'
This is Beirut 2025-03-10 11:30 - Reading : 2 minute(s)
Iran's foreign ministry said on Monday the decision by the United States to end a sanctions waiver that had allowed Iraq to buy electricity from Iran was "illegal". "Such statements are an admission of lawlessness, an admission of crimes against humanity, because the US sanctions, the unilateral US sanctions, against the Iranian nation have no ...
Turkey's Erdogan Tells Trump He Supports his Ukraine Efforts
This is Beirut 2025-03-16 17:45 - Reading : 1 minute(s)
Donald Trump Turkey Ukraine Kyiv USA
Turkish President Recep Tayyip Erdogan told US counterpart Donald Trump in a call on Sunday that he supported his "direct and decisive" initiatives to end the three-year war in Ukraine, his office said. NATO member Turkey has sought to maintain good relations with both of its Black Sea neighbors since the Russian invasion three years ago and has ...
Greenland's Political Parties Reject the Idea of Annexation by the US
This is Beirut 2025-03-14 21:25 - Reading : 3 minute(s)
Greenland United States Donald Trump
The leaders of all Greenland's political parties on Friday denounced US President Donald Trump's vow to take over the Danish autonomous island. "We - all party leaders - cannot accept the repeated statements about annexation and control of Greenland," the leaders of Greenland's five parliamentary parties said in a joint ...
Engines Revving: A Cautious Rebound for Auto Loans in Lebanon
Christiane Tager 2025-03-13 21:10 - Reading : 2 minute(s)
After years of economic hardship, Lebanese citizens are finally beginning to see the possibility of replacing their vehicle or purchasing one for the first time. Auto loans, previously halted due to the devaluation of the Lebanese pound, banking restrictions and the financial crisis, are now being offered again, though in a very limited capacity ...
End of an Era: Donatella Versace to Give up Creative Reins of Brand After 28 years
This is Beirut 2025-03-13 20:37 - Reading : 3 minute(s)
The shuffling comes amid reports that larger Italian rival Prada -- which owns Miu Miu -- is in talks to buy Versace, which was co-founded by Donatella Versace's brother, Gianni, in 1978. The development brings to an end the family control over the creative direction of Versace, a brand beloved of jet-setters and famous for its showy, skin-baring ...
Iraq Says Seeking Alternatives to Iran Gas
This is Beirut 2025-03-13 13:05 - Reading : 3 minute(s)
Iraq is exploring alternatives to Iranian gas imports, including options in the Gulf, a government official said, as it seeks to reduce dependence on its sanctions-hit neighbor. The administration of US President Donald Trump announced over the weekend its decision to end a sanction's waiver that had allowed Iraq to buy electricity from Iran, ...
Stocks advance on US inflation slowing, Ukraine ceasefire plan
This is Beirut 2025-03-12 19:35 - Reading : 4 minute(s)
Ukraine USA Donald Trump European Union Banks
Stock markets mostly rose on Wednesday on both sides of the Atlantic as investors shrugged off the latest US tariff moves to focus on cooling US inflation and a Ukraine ceasefire plan. Global markets have endured severe swings this month as US President Donald Trump looks to ramp up pressure on global partners by imposing or threatening ...
BDH: $100,000 to Support Aspiring Lebanese Homeowners
Christiane Tager 2025-03-12 09:30 - Reading : 2 minute(s)
The Housing Bank (BDH) is set to dramatically increase its loans, raising the amount from $50,000 to $100,000 with support from the Qatari Development Fund. BDH President Antoine Habib confirmed to This is Beirut that “the bank will soon offer $100,000 housing loans to low and middle-income individuals, as well as those with special needs, with ...
Mbappe Secures Real Madrid Derby Draw Against Atletico
This is Beirut 2025-02-09 02:55 - Reading : 4 minute(s)
Football Liga Real Madrid Atlético
Kylian Mbappe secured Real Madrid a 1-1 draw against rivals Atletico Madrid which kept Los Blancos top of La Liga on Saturday. Julian Alvarez dinked home a controversial first half penalty for Atletico but Mbappe was in the right place at the right time to bundle home early in the second half on his first appearance in the tense derby ...
Trump Power Play Triggers Showdown with Courts, Congress
This is Beirut 2025-02-06 11:45 - Reading : 4 minute(s)
With his dizzying moves to slash spending, abolish government departments and lay off much the federal workforce, Donald Trump has upended the US constitutional order in an unprecedented assertion of executive might. Critics complain that Congress has been slow to react in the face of a full frontal assault on the Founders' vision of the ...
Who Destroyed Lebanon: Hezbollah or the Banks?
Hussain Abdul-Hussain 2025-03-25 15:30 - Reading : 5 minute(s)
Lebanon Hezbollah Banks Parliament
A “bloc” of lawmakers, political parties, media outlets, and non-governmental organizations are peddling a platform that distracts attention from the paramount importance of disarming Hezbollah and instead blames banks for the utter misery that Lebanon finds itself in. Such an argument is either too dumb, or its proponents are too ...
Blinken to Visit South Korea with Eye on Political Crisis
This is Beirut 2025-01-04 09:15 - Reading : 2 minute(s)
Antony Blinken Donald Trump Middle East Ukraine
US Secretary of State Antony Blinken will visit South Korea for talks next week, the two countries announced Friday, with Seoul mired in political turmoil as its impeached president resists arrest. Blinken, on what will likely be his last international trip before president-elect Donald Trump's return, will also visit Japan and France, the State ...
Trump as Buddha: Chinese Statues Spark Sensation
This is Beirut 2025-01-14 10:30 - Reading : 3 minute(s)
Nawaf Salam Donald Trump Culture Sculpture China Art
Serenity and calm are not typically the first words that come to mind when describing Donald Trump. Yet, in a Chinese artisan's workshop, the former U.S. president sits cross-legged in a divine meditation pose. This porcelain version of the Republican billionaire, transformed into a Buddha, is the work of designer and sculptor Hong Jinshi. These ...
Prada Considers Acquisition of Versace Amid Capri Holdings' Struggling Sales
This is Beirut 2025-01-12 10:30 - Reading : 2 minute(s)
The Italian luxury group Prada is one of the key players currently exploring the opportunity to acquire the Versace brand, recently put up for sale by its American owner, Capri Holdings. This decision comes at a delicate time for the luxury industry, especially in the face of a slowdown in demand. According to the economic daily Il Sole 24 Ore, ...
Exchange Rate Stability: Lebanese Pound Withstands the Surge
Christiane Tager 2025-01-11 13:00 - Reading : 2 minute(s)
Banks Central Bank of Lebanon Lebanese Pound Dollar Joseph Aoun
For some time now, rumors have suggested a drop in the exchange rate from 89,500 pounds per dollar to 50,000. However, Nassib Ghobril, Chief Economist at Byblos Bank, dismisses such claims as “not serious.” “The Lebanese pound has experienced a frenzied demand since the ceasefire and Thursday’s presidential election. Speculators started ...
Danish PM to Meet Party Leaders on Trump's Greenland Comments
This is Beirut 2025-01-09 15:55 - Reading : 2 minute(s)
Donald Trump USA Greenland Denmark
Denmark's prime minister has called party leaders to a meeting on Thursday, a government source said, over US President-elect Donald Trump's ambitions to take control of Greenland. Trump, who takes office on January 20, set off new alarm bells on Tuesday when he refused to rule out military intervention over the Panama Canal and Greenland, both ...
Freewheeling Trump Sets Out US Territorial Ambitions
This is Beirut 2025-01-07 22:20 - Reading : 4 minute(s)
Donald Trump Panama Canal Canada
Donald Trump threatened military action to secure the Panama Canal and economic force against neighboring Canada, in a meandering press conference Tuesday a day after Congress certified his election victory. The Republican president-elect had gathered reporters at his home in southern Florida to announce a $20 billion Emirati investment in US ...
Biden Blocks US Steel Sale to Japan's Nippon Steel
This is Beirut 2025-01-04 09:20 - Reading : 4 minute(s)
US Steel and Nippon Steel threatened legal action Friday after President Joe Biden blocked a controversial $14.9 billion deal for the Japanese company to buy its American rival. Biden cited a strategic need to protect domestic industry -- but the move drew sharp criticism from both companies. The decision came after a government panel failed to ...
Zelensky Hails the End of Russian Gas Transit Through Ukraine
This is Beirut 2025-01-01 19:41 - Reading : 3 minute(s)
Ukrainian President Volodymyr Zelensky on Wednesday hailed the end of Russian gas transit across his country as a significant "defeat" for Moscow amid its near three-year invasion. Flows of Russian gas to Europe via Ukraine stopped on Wednesday morning after Zelensky refused to prolong decades of cooperation that had earned billions of ...
Why Does Donald Trump Want to Buy Greenland?
Yara Germany 2025-01-14 18:40 - Reading : 5 minute(s)
Donald Trump United States Denmark Greenland
During a press conference held on Tuesday, January 7, in his residence in Florida, US President-elect Donald Trump reiterated his wish to annex Greenland, an autonomous territory of Denmark, as well as the Panama Canal. He did not dismiss the option of using force to achieve these objectives, stating that both regions are “crucial for the ...
Decades of Israeli Intelligence to Dismantle Hezbollah
This is Beirut 2024-12-30 13:20 - Reading : 4 minute(s)
Nawaf Salam Hamas Hassan Nasrallah Hezbollah Benjamin Netanyahu
Israel deeply infiltrated Hezbollah, closely monitored its leaders and ultimately killed its leader, Hassan Nasrallah, according to a New York Times (NYT) investigation. Because he thought Israel had no interest in a full-scale conflict, Nasrallah did not think Israel would murder him. For years, Israeli espionage services had been monitoring his ...
China, Iran FMs Agree Mideast ‘Not a Battleground for Big Powers'
This is Beirut 2024-12-28 11:00 - Reading : 2 minute(s)
Middle East Palestine Tehran United States china
The top diplomats of China and Iran agreed Saturday that the Middle East is "not a battleground for the big powers" and should not be an arena of geopolitical competition between countries outside the region. Foreign Minister Abbas Araghchi and his Chinese counterpart Wang Yi agreed that "the international community should respect the ...
Trump Asks US Supreme Court to Pause Law Threatening TikTok Ban
This is Beirut 2024-12-28 10:25 - Reading : 3 minute(s)
Donald Trump Republicans Tik Tok US Supreme Court USA
US President-elect Donald Trump filed a brief Friday urging the Supreme Court to pause a law that would ban TikTok the day before his January 20 inauguration if it is not sold by its Chinese owner ByteDance. "In light of the novelty and difficulty of this case, the court should consider staying the statutory deadline to grant more breathing ...
The Maronite Curse…
Johnny Kortbawi 2024-12-24 18:00 - Reading : 4 minute(s)
Europe Free Patriotic Movement Maronite Presidency election
During World War I, a remarkable event, known as the Christmas Truce, occurred on Christmas Eve. Along the Western Front in Europe, opposing soldiers, without an official ceasefire or wide public announcement, gathered to share a meal in the spirit of Christmas. This holiday has the power to inspire miracles, provided faith is present. As Jesus ...
Tunisia: CinemaTdour, a Mobile Truck Making Cinema Accessible to All
This is Beirut 2024-12-23 14:00 - Reading : 3 minute(s)
Tunisia Algeria Africa Culture Art Cinema
"If you can't go to the cinema, it will come to you" might well describe CinemaTdour, a mobile cinema truck touring Tunisia to make the seventh art accessible to everyone, from rural areas to underserved neighborhoods. Dozens of workers joyfully step down from a large red truck parked in front of their factory in Djemmal, a central-eastern town ...