This is Beirut

Le Figaro: Network Supplying Hezbollah With Drone Manufacturing Equipment Dismantled

This Is Beirut, 12/04 11:45 - Reading : 1 minute(s)

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A European network that has been supplying Hezbollah with equipment needed to manufacture hundreds of drones has been dismantled, French daily Le Figaro said in a report published Friday evening. The newspaper noted that "the most significant event between the summer of 2024 and last week was the dismantling of Hezbollah's logistical support ...

Euro Surge: When Tanks Boost the Currency

Christiane Tager, 11/04 20:35 - Reading : 2 minute(s)

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Since the beginning of March, the euro has enjoyed a notable resurgence on the markets. After a somewhat sluggish start to the year, the single currency has regained strength, trading around 1.14 US dollars on Friday — a rise of over 5%. An explainable performance that intrigues some, reassures others, and worries a few. Who would have thought ...

In Skies, as on Land, European Forces Face Gaps if US Pulls Back

This is Beirut, 11/04 09:40 - Reading : 4 minute(s)

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Fighter jets from the United States, France, Finland and Germany roar into the skies from a Dutch base as part of NATO's biggest air exercise this year. The aim: to practice stopping -- and then defeating -- an enemy attack against the alliance as Russia's war in Ukraine fuels fears in Europe. But while NATO focuses on the menace from the east, ...

Trump Claims Victory Over Europe but Acknowledges Cost of Trade War

This is Beirut, 10/04 22:50 - Reading : 3 minute(s)

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US President Donald Trump claimed victory over Europe in the US tariffs war but acknowledged a "cost" to his surging trade offensive against superpower rival China as markets plunged again Thursday. Trump sought a victory lap at a White House cabinet meeting, saying the European Union had backed off from imposing retaliatory tariffs because of ...

Donald Trump Strikes Again

Christiane Tager, 10/04 21:35 - Reading : 4 minute(s)

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After 15 hours of market instability, US President Donald Trump put the brakes on his tariff measures. But China remains firmly in the crosshairs of the US president, now facing increased tariffs. Why such a rapid backpedal? Here’s a breakdown of this "pause on tariffs that lasted barely the blink of an eye." On Wednesday morning, global ...

Why is The NBA Eyeing Europe?

This is Beirut, 08/04 13:50 - Reading : 5 minute(s)

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The NBA has said it is "exploring" the creation of a professional basketball league in Europe, but the plans remain vague and raise many questions. The first is why is the powerful US league taking this step? How does it intend to make money? And is the EuroLeague, the home of Europe's best clubs, doomed to a marriage of convenience? Why has the ...

Europe Markets Extend Losses After Tariff Rout

This is Beirut, 04/04 10:25 - Reading : less than a minute

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European equities opened in the red on Friday, extending losses after US President Donald Trump's tariff offensive sparked a global stock market rout. Paris shed 0.9 percent to 7,533.26 points, Frankfurt fell 0.7 percent to 21,566.33 and London also dropped 0.7 percent to 8,416.32. Trump's harsher-than-expected "Liberation Day" levies sent ...

Trump's New Tariffs: A Storm Brewing in Troubled Waters

Christiane Tager, 04/04 09:30 - Reading : 5 minute(s)

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President Donald Trump's recent decision to impose historic tariffs on 185 countries and territories, announced on Thursday, has reverberated across the global economy. The repercussions of these tariffs will be felt worldwide, with Arab countries being especially impacted. Among the hardest-hit nations are Syria, Iraq, Libya, Algeria and Tunisia, ...

Dollar, Stocks Sink as Gold Hits High on Trump Tariffs

This is Beirut, 03/04 15:50 - Reading : 3 minute(s)

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The dollar and equity markets tumbled Thursday after President Donald Trump's latest tariffs salvo against countries worldwide, fanning a trade war that many fear will spark recession and ramp up inflation. The dollar slumped by as much as 2.6 percent versus the euro, its biggest intraday plunge in a decade, and suffered sharp losses also against ...

Rubio Says US Committed to NATO - But Tells Allies to Spend More

This is Beirut, 03/04 14:35 - Reading : 4 minute(s)

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US Secretary of State Marco Rubio told nervous NATO members on Thursday that Washington remained committed to the alliance, but said they must agree to massively ramp up their spending targets for defense. President Donald Trump has rattled Europe by casting doubt on his willingness to defend all allies, and by reaching out to Russia over the war ...

Azerbaijan Presses Armenia to Meet 'Demands' for Peace Deal

This is Beirut, 02/04 14:25 - Reading : 2 minute(s)

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Azerbaijan on Wednesday insisted that arch-foe Armenia must meet Baku's "legitimate demands" before the Caucasus neighbours can sign a peace treaty, the text of which they agreed upon last month. The two ex-Soviet republics announced on March 14 they had wrapped up talks aimed at resolving their decades-long conflict, with both sides agreeing on ...

Eid Celebrations: Joy Amid Conflict’s Shadow

Christiane Tager, 02/04 10:30 - Reading : 3 minute(s)

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Despite the psychological impact of the airstrikes, Ramzi Salman, the President of the Lebanese Guesthouses Syndicate, told This is Beirut on Tuesday that the Eid al-Fitr weekend saw a significant influx of visitors. According to Salman, guesthouses experienced relatively strong bookings, highlighting the sector’s resilience amid the ongoing ...

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