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Markets rally after China, US slash tariffs

Stock markets, the dollar, and oil prices rallied Monday after the United States and China declared a 90-day truce in their trade war. At the opening bell in New York, the Dow jumped by 2.7 percent, the S&P 500 by 2.9 percent, and the tech-heavy Nasdaq Composite by 4.2 percent. "Stocks are surging, safe havens are rapidly ...

'Bombshell' OPEC+ Output Hike Hits Oil Price

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed. The output increase of 411,000 barrels a day announced by Saudi Arabia, Russia and six other members of the oil cartel on Saturday added to concerns about over-supply. The ...

Stock Markets Edge up as Trump Softens Tariff Pain for Auto Firms

Stock markets advanced on Tuesday following news that Donald Trump plans to spare automakers from some of his wide-ranging tariffs, boosting hopes of a less combative approach to his trade war. Signs of easing trade tensions are also spurring sentiment, as governments line up to negotiate deals with Washington to avert the full force of sweeping ...

Stock Markets Mostly Rise as Investors Eye Trade Talks

Stocks mostly rose on Monday as investors assess how the land lies on the trade war front with countries seeking to temper Donald Trump's eye-watering tariffs. Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world's number two economy. Markets ...

Gold Hits Record above $3,500, Stocks Slip as Trump Fuels Fed Fears

Bullion hit another record Tuesday while the dollar steadied and equities mostly fell as Donald Trump's latest salvo against Federal Reserve boss Jerome Powell added fuel to fears about the central bank's independence. With the US tariff blitz still causing ructions on global trading floors, investors are now dealing with the added worry that the ...

Gold Hits Record, Dollar Drops as Tariff Fears Dampen Sentiment

Gold prices hit a fresh record on Monday while the dollar weakened further and stocks were mixed amid worries about Donald Trump's tariff blitz and his bubbling row with the Federal Reserve. With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the release of key data that should give an ...

Stocks Fall as US Restricts Nvidia Chip Exports to China

Wall Street shares fell but European stocks diverged Wednesday after the US government imposed restrictions on exports of a key Nvidia chip to China, the latest trade war salvo between the world's biggest economies. After a relatively peaceful couple of days on markets following tariff-related volatility last week, investors were once again on ...

Oil Slides, Stocks Rise as Trump Says Iran-Israel Ceasefire Holds

Oil prices sank and stock markets rose Tuesday as US President Donald Trump said a ceasefire between Iran and Israel was taking hold after he berated both countries for violating the truce. In volatile trading, crude futures slumped more than five percent after Trump announced a ceasefire. "This morning's ceasefire further reduced the perceived ...

August 4: Families Revive Memory With Olive Trees

When justice falters, memory remains. A memory planted with bare hands into a soil still shaken by anger and silence. For five years, families of August 4, 2020 explosion victims have waited in vain, expecting answers, accountability, and convictions. But waiting led nowhere. So, some have stopped waiting. Not out of vengeance, but to stand their ...

Asian Stocks Rise on Electronics Tariffs Exemption, Gold Hits New High

Asian stocks rose Monday as trade war fears were tempered by Donald Trump's announcement of tariff exemptions for electronics, though the dollar weakened and safe-haven gold hit a fresh record amid fears the relief would be short-lived. After the wild gyrations witnessed last week, markets got off to a relatively stable start following news ...

Pope Leo’s Speech During Interfaith Dialogue

Dear brothers and sisters, I am deeply moved and immensely grateful to stand among you today, in this blessed land—a land exalted by the prophets of the Old Testament, who beheld in its towering cedars emblems of the righteous soul that flourishes beneath heaven’s vigilant gaze; a land where the echo of the Logos has never fallen ...

14th Meeting of Mechanism: Civilian Participants Added to Enhance Stability and Success

Senior officials convened for the 14th iteration of the Pentalateral on December 3 in Naqoura to assess ongoing efforts to reach an enduring cessation of hostilities arrangement in Lebanon, reported the US Embassy in Beirut in a statement.  To support a durable peace and shared prosperity of both sides, former Ambassador Simon Karam of Lebanon ...

Lebanon Must Answer the Pope’s Call for Peace

From the heart of Lebanon—a biblical land living under Hezbollah’s shadow—Pope Leo XIV issued a clarion call for genuine peace, not merely a ceasefire, between longstanding adversaries. Although he refrained from naming Israel directly, the implication was unmistakable: the pontiff was urging Lebanon to pursue normalization with its southern ...

A Historic Day: Lebanon and Israel Hold First Direct Talks in Decades

Lebanon and Israel held their first civilian-led direct talks in decades on Wednesday, in a meeting hosted by UNIFIL in Naqura as part of the ceasefire monitoring mechanism established in November 2024. The shift from military to political dialogue marks a historic rupture in Lebanese policy—driven by President Joseph Aoun’s bold ...

Luck: Randomness or Quantum Secret? Science Is Just Starting to Look

Quantum physics has upended the very foundations of how we understand the world. For over a century, it has challenged the idea that randomness is merely a product of our ignorance, suggesting instead that it is woven into the fabric of the universe itself. Before observation, particles exist in a cloud of probabilities. Nothing is predetermined. ...

Pope Leo Meets Families of Beirut Port Blast Victims

Pope Leo XIV visited the site of the August 4, 2020 Beirut port explosion on Tuesday morning, in what became one of the most symbolically charged moments of his third and final day in Lebanon. Still scarred by the blast, he was welcomed by families of the victims, who came to express both their grief and their unrelenting demand for truth and ...

Trump Warns Israel Not to ‘Interfere’ in Syria

US President Donald Trump told Israel on Monday to avoid destabilizing Syria and its new leadership, days after a deadly operation by Israeli forces killed 13 people. Trump spoke to Israeli Prime Minister Benjamin Netanyahu and invited him for another White House visit, Netanyahu's office said shortly after Trump issued the warning. "It ...

Pope Leo’s Speech During Youth Meeting in Bkerke

Dear young people of Lebanon, “assalamu lakum!” (peace be with you!) This greeting of the Risen Jesus (cf. Jn 20:19) sustains the joy of our meeting. The enthusiasm we feel in our hearts expresses God’s loving closeness, which brings us together as brothers and sisters to share our faith in him and our communion with one ...

The Layers of Pope Leo XIV’s Inaugural Journey

Pope Leo XIV’s first foreign trip is striking and prompts a closer look at what motivated his choice of destinations. To those versed in Church history, his decision to travel first to Turkey and Lebanon may appear obvious, but it remains thrilling. Contemporary Turkey harbors the most important venues of paleo-Christian history. Turkey ...

Building Modern, Accessible Digital Finance for All

At a press conference on Friday at the Ministry’s headquarters, Finance Minister Yassine Jaber unveiled a roadmap to establish a digital financial administration that is efficient, transparent and citizen-focused. This transformation is built around four key pillars: Electronic Notifications Registered taxpayers now receive all official ...

Basket – 2027 World Cup: Qatar Break the Streak, Lebanon Fall Back into Their Old Ways

On Sunday evening at the Nouhad Nawfal Sports Complex, everything seemed aligned for another quiet night: a full arena, a fiery atmosphere, an opponent already automatically qualified for the 2027 World Cup and presented as the group’s small underdog. Lebanon started seriously, put the ball inside, found rhythm in transition and immediately ...

Pope Leo’s Speech at the Sanctuary of Saint Charbel

“Dear brothers and sisters, I thank the Superior General for his words and for the welcome in this beautiful monastery of Annaya. The nature surrounding this house of prayer draws us in with its austere beauty. I give thanks to God for allowing me to come on pilgrimage to the tomb of Saint Charbel. My predecessors—especially Saint ...

‘End of an Era’: MTV Pulling Plug on Global Music Channels

MTV kick-started a new era of music and pop culture in 1981, when it went on air for the first time, emblematically playing Video Killed the Radio Star as its debut music video. More than four decades later, the channel, now owned by US media giant Paramount Skydance, will wind down its international music broadcasting by the end of the year as ...

Gap Law: How the Lebanese State Erases Its Responsibility

Every financial crisis raises a central question: who should bear the losses? In a liberal economy grounded in responsibility, the answer is clear: those who decided, spent, borrowed, and ultimately failed. The Gap Law, however, offers a radically opposite answer. It methodically organizes the erasure of the Lebanese state’s responsibility and ...

What Next After Iraq's General Election?

Iraqis head to the polls on Tuesday to elect a new parliament for a four-year term in a vote that will be closely watched in Washington and Tehran. Here is a look at what could come next and what the regional impact could be.  What happens after the vote?  Iraq's Supreme Court must first ratify the election results. Two weeks later, the ...

Selena Gomez: When Intimacy Becomes Performance

Not long ago, Selena Gomez was, for many, simply Disney’s newest rising star. Classic recipe: a soft voice, a radiant smile, hits perfectly calibrated for global youth. But behind the pop persona, another figure slowly emerged, one that ran counter to celebrity convention: a woman who reveals her fragilities, shares her storms, and speaks to her ...

Gold Falls Again as Rally Comes to Halt, Asian Markets Drop

Gold and silver tumbled for a second day Wednesday, bringing a rally in the precious metals to a juddering halt, while equities also sank after US President Donald Trump remarked that a meeting with Chinese counterpart Xi Jinping might not take place. Bullion has seen an eye-watering run-up since the turn of the year, helping it climb more than ...

Teacher: A Profession That Shapes Lives

Who among us does not remember that one teacher who left a lasting mark, whether at school or university? Did you know that the word teacher goes back to Old English tæcan, meaning “to show, point out, mark”? This Sunday, October 5, we celebrate World Teachers’ Day, established by UNESCO. It is an occasion to reflect on a word tied to an ...

Stocks Rise on Bank Earnings, Auto Tariff Hopes

Stock markets rose Tuesday as investors digested strong bank earnings and shares in several auto giants surged over hopes of tariffs relief from US President Donald Trump. Some stability has returned to markets after last week's roller-coaster ride over Trump's stop-start tariff announcements, but uncertainty remains over speculation of new ...

Dollar Plunges, Stocks Wobble Over Trade War Turmoil

Investors dumped US government bonds, the dollar tumbled and stocks seesawed Friday, capping a volatile week as President Donald Trump's unpredictable tariff policy rattled market confidence. Trump triggered a massive market sell-off last week by announcing universal tariffs, and this week he sparked a huge but short-lived rally by pausing higher ...