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Spain Terminates 6.8 Million Euro Military Contract With Israel
This is Beirut 2025-04-24 23:25 - Reading : 3 minute(s)
Nawaf Salam Spain Yolanda Diaz Benjamin Netanyahu
Spain on Thursday cancelled a contract to buy bullets from an Israeli company following pressure from the Socialist-led government's far-left coalition partner -- a move swiftly condemned by Israel. Spanish Prime Minister Pedro Sanchez, one of the most outspoken critics of Israel's military operations in Gaza, halted weapons transactions with ...
Gold at Record Highs as Markets Reel: Is It Time to Panic or Buy Smart?
Christiane Tager 2025-04-23 10:30 - Reading : 2 minute(s)
United States Markets Investment Gold
After Easter opened a turbulent week for financial markets. The world’s main stock exchanges recorded significant losses, despite a few timid attempts to bounce back. This instability is unfolding in an atmosphere weighed down by geopolitical tensions and persistent fears of a global‑growth slowdown. Meanwhile, gold moved sharply in the ...
EU Preparing New Sanctions On Russia, French Minister Tells AFP
This is Beirut 2025-05-02 09:15 - Reading : 4 minute(s)
European Union Donald Trump Jean-Noel Barrot Russia Sanctions
French Foreign Minister Jean-Noel Barrot said Thursday that the European Union is preparing to hit Russia with a 17th round of sanctions, describing President Vladimir Putin as the "sole obstacle" to peace in Ukraine. The 27-nation bloc has imposed unprecedented penalties on Russia in response to its invasion and said this year it would not lift ...
Trump’s Return Boosts Israel’s Pro-Settlement Right
This is Beirut 2025-04-23 09:40 - Reading : 4 minute(s)
Nawaf Salam Donald Trump Benjamin Netanyahu Hamas
US President Donald Trump's return to power has emboldened Israeli leaders' push to increase military presence in Gaza and reinvigorated right-wing ambitions to annex the occupied West Bank, experts say. After a phone call Tuesday with Israel's Prime Minister Benjamin Netanyahu, Trump said on social media: "We are on the same ...
Iranian Foreign Minister to Visit China on Tuesday
This is Beirut 2025-04-21 11:10 - Reading : 1 minute(s)
Donald Trump UN Security Council European Union Middle East Tehran
Iranian Foreign Minister Abbas Araghchi is set to visit China on Tuesday, the ministry said, ahead of a third round of nuclear talks between Iran and the United States. The visit to China, which was a signatory to a since-abandoned 2015 nuclear agreement that reined in Tehran's nuclear programme, was announced by foreign ministry spokesman ...
Analysts Warn US Could Be Handing Chip Market to China
This is Beirut 2025-04-20 10:00 - Reading : 3 minute(s)
Donald Trump United States USA
As the Trump administration attempts to choke off exports of strategically important computer chips to China, experts say the effort might well backfire, fueling innovation at Chinese firms that could help them seize the world semiconductor market. "What's actually happening is that the US government right now is handing China a big win as it ...
Markets in Turmoil: Fear or Opportunity?
Christiane Tager 2025-04-18 09:30 - Reading : 4 minute(s)
Global markets had enjoyed a strong recovery in the aftermath of the 2020–2021 pandemic shock. From 2022 through early 2025, stock prices soared, cryptocurrencies gained traction and the overall outlook appeared increasingly stable—until April 7. That day, a wave of panic swept across investors, algorithmic trading systems triggered cascading ...
Asia's Big Exporters Open Tariff Negotiations with US
This is Beirut 2025-04-17 14:30 - Reading : 4 minute(s)
Nawaf Salam Tariff Trade Asia Economy
Asia's major exporters Vietnam, Japan and Taiwan are among the first economies to open negotiations with Washington over US President Donald Trump's sweeping tariffs, taking advantage of a 90-day reprieve from the global trade war. Notably absent from those trying to reach a compromise with Washington is China, which faces levies of up to 145 ...
US-China: the Clash of the Titans
This is Beirut 2025-04-17 11:35 - Reading : 4 minute(s)
As the trade war between the United States and China escalates, here is a point-by-point comparison of the world's two biggest economic powers. Geographic, demographic giants With a surface area of more than nine million square kilometres (3.5 million square miles) each, the United States and China rank among the world's four biggest ...
When the Giants of Chic Face Uncertainty
Christiane Tager 2025-04-16 22:35 - Reading : 2 minute(s)
United States luxury Hermes china tariffs
The world of luxury may shine bright, but it’s not immune to economic storms. On Tuesday, the biggest names – Kering, Hermès and LVMH – saw their shares take a hit, with a stock market slump that was anything but glamorous. The biggest blow went to LVMH, whose first-quarter 2025 results showed a 2% drop in revenue. It’s the first slap in ...
US-Ukraine Minerals Deal: What we Know
This is Beirut 2025-05-02 08:25 - Reading : 4 minute(s)
us ukraine russia deal Minerals
Washington and Kyiv have signed a new minerals deal that will see the United States invest in Ukraine's rare earth and other deposits as it seeks to reduce military aid to the war-torn country. The deal, described as “truly equal” by Kyiv and a “win-win” by Washington, came after weeks of tension following a spat in ...
Iran Says US Sanctions ‘Will Not Change’ Its Policy After Trump Threats
This is Beirut 2025-05-02 18:20 - Reading : 2 minute(s)
Iran said Friday continued US sanctions on its trade partners will not alter its policy, after President Donald Trump threatened to impose penalties on countries or individuals dealing in Iranian oil. "The continuation of these illegal behaviours will not change Iran's logical, legitimate and international law-based positions," a ...
Biden Slams Trump 'Destruction' in First Post-Presidency Speech
This is Beirut 2025-04-16 10:10 - Reading : 2 minute(s)
Donald Trump White House Joe Biden USA
Joe Biden, in his first major speech since leaving the White House, railed Tuesday against his successor Donald Trump's frenetic government overhaul, claiming the "hatchet" effort put Americans' retirement benefits at risk. "Fewer than 100 days, this administration has done so much damage, and so much destruction -- it's kind of breathtaking it ...
Postal Sector: A Chronicle of a Tender That Won’t Close
Christiane Tager 2025-05-14 16:00 - Reading : 4 minute(s)
Rewind to July 2023: French logistics giant CMA CGM, through its subsidiary Merit-Colis Privé, was awarded the postal services tender launched by Lebanon’s Ministry of Telecommunications. It seemed like a turning point for the beleaguered sector: $12.8 million in promised investments, $6 million in guaranteed annual revenues for the state and a ...
World Bee Day: A Vital Call to Safeguard Our Pollinators
Alexandre Baz 2025-05-20 16:30 - Reading : 3 minute(s)
Every year on May 20, World Bee Day is celebrated to honor Anton Jansa, the Slovenian beekeeper who pioneered modern apiculture. Since 2018, this day has been officially designated by the United Nations to raise global awareness about the vital role bees play in our ecosystems, and to promote their protection, along with the preservation of their ...
Zelensky Says Russia 'Trying to Buy Time' to 'Continue War'
This is Beirut 2025-05-20 12:55 - Reading : 2 minute(s)
Volodymyr Zelensky Ukraine Russia Conflict
Ukrainian President Volodymyr Zelensky on Tuesday accused Russia of not seriously engaging in peace talks and of wanting to continue its three-year invasion, despite a US push for a ceasefire. US President Donald Trump held calls with both Zelensky and Russian leader Vladimir Putin on the war on Monday, and Russian and Ukrainian officials met in ...
Erdogan Sees End in Sight for US Sanctions on Turkish Defense Sector
This is Beirut 2025-05-17 15:07 - Reading : 2 minute(s)
Turkey United States Donald Trump Sanctions CAATSA
Turkey has seen an easing of US sanctions on its defense sector since Donald Trump became president, with steps towards ending the measure advancing quickly, President Recep Tayyip Erdogan said Saturday. "We can easily say that there is a softening in CAATSA," he told reporters while returning from a European summit, referring to US ...
Sanctions Lifted on Syria: Damascus Faces Hope and Real Challenges
Liliane Mokbel 2025-05-15 15:32 - Reading : 3 minute(s)
Damascus Donald Trump Gulf Syria Sanctions Reconstruction
From Riyadh on Tuesday, US President Donald Trump announced—at the request of the Saudi crown prince—the full lifting, not just suspension, of economic and diplomatic sanctions on Syria. It was a crucial distinction, noted by many observers attending the US-Saudi Investment Forum, where every word of the American president’s remarks was ...
Ukraine-Russia Peace Talks in Turkey: What we Know
This is Beirut 2025-05-15 09:30 - Reading : 3 minute(s)
Turkey Ukraine Volodymyr Zelensky Donald Trump
Ukraine and Russia on Thursday hold their first direct talks since the start of Russia's 2022 invasion. President Volodymyr Zelensky had challenged his Russian counterpart to attend in person. But President Vladimir Putin was not on the Kremlin's delegation list. Here's is what is known about the talks: Who is expected to attend? Putin ...
Top chef Georgiana Viou: blending cuisine across continents
This is Beirut 2025-05-14 19:25 - Reading : 5 minute(s)
Benin Food Michelin Bistronomy France Culture Georgiana Viou
Georgiana Viou calls herself a "UFO", championing free and daring cuisine straddling two continents, from Cotonou's lively street markets to the kitchens of her Michelin-starred restaurant in Nimes, southern France. In the alleys of the historic Saint-Michel market in Benin's bustling economic capital, unchanged since her childhood, Viou goes ...
Ubisoft Dispatches Gloomy Year with 'Assassin's Creed' Rescue
This is Beirut 2025-05-14 09:40 - Reading : 3 minute(s)
Earnings data from French games giant Ubisoft is set to show on Wednesday that historic cash-cow series "Assassin's Creed" has saved it from a disastrous year with multiple setbacks. The full results for Ubisoft's 2024-25 financial year, set for release after the Paris stock market closes at 1530 GMT, will be closely watched following a near ...
Trade War: China Navigates the Storm with a Steady Compass
Christiane Tager 2025-05-02 22:00 - Reading : 4 minute(s)
Tik Tok USA Washington China Trade
Since Washington decided to strike hard with 145% tariffs, trade relations between China and the US have shifted from a negotiation table to a boxing ring. The blow is heavy: in 2024, the US alone accounted for nearly $500 billion in Chinese imports, making it Beijing’s largest commercial partner. In real terms, nearly one in five Chinese ...
Saudis Invest Big in US Weapons, AI as Trump Basks in Welcome
This is Beirut 2025-05-13 22:30 - Reading : 4 minute(s)
Saudi Arabia Donald Trump Mohammed bin Salman United States Defense Artificial Intelligence
Saudi Arabia on Tuesday promised billions of dollars in deals with the United States, from defense to artificial intelligence, as it threw a lavish welcome for President Donald Trump on the first state visit of his second term. Trump returned the favor by lavishing praise on the kingdom's crown prince and moving on a key Saudi policy request ...
Germany, Israel Mark 60 Years of Ties as Gaza War Casts Shadow
This is Beirut 2025-05-12 15:15 - Reading : 4 minute(s)
Israeli President Issac Herzog will visit Germany on Monday to mark 60 years of relations with the country that perpetrated the Holocaust, at a time when ties are complicated by the Gaza war. His German counterpart Frank-Walter Steinmeier will then visit Israel with Herzog, to emphasise Germany's historic responsibility as one of its staunchest ...
UK Hosts European Ministers for Ukraine Talks after Ceasefire Ultimatum
This is Beirut 2025-05-12 09:35 - Reading : 3 minute(s)
Ceasefire Ukraine United Kingdom Volodymyr Zelensky Donald Trump
The UK will on Monday host European ministers for "critical" talks on "repelling Russian aggression", two days after Ukraine's allies demanded that Moscow accept a ceasefire. Representatives from France, Germany, Italy, Poland, Spain and the EU will join Foreign Secretary David Lammy in London for a meeting of the so-called "Weimar+" group. The ...
Without Hariri, Who Can Win Over the Sunni Electorate?
Tilda Abou Rizk 2025-05-10 11:00 - Reading : 4 minute(s)
Announced less than twenty days before the start of the municipal elections, the electoral withdrawal of Sunni leader and head of the Future Movement, Saad Hariri, sent shockwaves through the Sunni community. For the second time in three years, it finds itself without a political compass ahead of a major vote. On January 24, 2022, Saad Hariri ...
Basel: a City at the Heart of European Culture
This is Beirut 2025-05-08 10:00 - Reading : 3 minute(s)
Banks Europe Eurovision Culture
With a population of 180,000, Switzerland's third-biggest city after Zurich and Geneva straddles the River Rhine and sits right on the northern border with both France and Germany. Basel's location played a major role in its growth and continental importance through the ages. From May 11 to 17, it will be a center-stage in Europe again as it ...
EU Proposes Ending All Russian Gas Imports by 2027
This is Beirut 2025-05-06 17:27 - Reading : 3 minute(s)
The EU on Tuesday unveiled a long-promised plan to phase out its remaining gas imports from Russia by the end of 2027, a challenge given Europe's continued dependence on Russian fossil fuels. "Today the European Union sends a very clear message to Russia: no more, no more will we permit Russia to weaponize energy against us," EU ...
Trump's Film Tariff Shocks Hollywood: 'Makes no Sense'
This is Beirut 2025-05-06 13:10 - Reading : 5 minute(s)
Nawaf Salam Trump Films Tariff Hollywood
Hollywood reacted with skepticism on Monday to US President Donald Trump's announcement of 100 percent tariffs on foreign films, with movie insiders calling it a policy made up on the fly by a president who fails to understand how the industry works. "It makes no sense," entertainment lawyer Jonathan Handel said of Trump's idea. Handel told AFP ...
Gold Hits an All-Time High, Dollar Declines
This is Beirut 2025-04-16 11:15 - Reading : less than a minute
A sign of lingering market anxiety, gold — the ultimate safe-haven asset — continues to attract investors fleeing riskier assets and climbed on Wednesday to a new all-time high of $3,275 per ounce. “High uncertainty, along with increased central bank buying and expectations of rate cuts by the US Federal Reserve, continues to support ...