This is Beirut

Europe Markets Extend Losses After Tariff Rout

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

Europe Donald Trump Banks Covid-19 European Union

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)

Donald Trump European Union Banks Europe Turkey

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)

Donald Trump European Union Europe New York United States

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)

USA Donald Trump US Secretary of State Europe European Union

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)

Europe European Union Turkey United States

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)

UN Security Council Dahyeh Europe Israel United Nations

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 ...

UK Imposes Travel Permit on Europeans from Wednesday

This is Beirut, 31/03 09:55 - Reading : 2 minute(s)

United Kingdom European Union Europe Gulf United States

In a shake-up of long-standing travel rules, European nationals heading to the UK will from Wednesday need a mandatory entry permit, which the British government says will strengthen border security. The Electronic Travel Authorisation (ETA) can be bought online in the next few days for £10 (12 euros), but the price is rising swiftly from April ...

Stock Markets Slide Over US inflation, Tariff Fears

This is Beirut, 28/03 19:35 - Reading : 3 minute(s)

USA Donald Trump Europe United Kingdom Washington

Stock markets took a tumble Friday as a closely watched US inflation reading heated up, adding to concerns over the fallout from an incoming wave of tariffs by President Donald Trump. Shares in automakers fell further as they brace for 25-percent US levies due to kick in early next week along with a raft of "reciprocal" tariffs tailored to ...

Trump’s Customs Tariffs: Aperitivo in Peril!

Christiane Tager, 27/03 20:05 - Reading : 3 minute(s)

Donald Trump Europe Wine Whiskey Taxes

Donald Trump’s economic formula is now well known: an explosive cocktail of customs tariffs! A threat that makes European winemakers and liquor producers shudder – with up to 200% in taxes on wine and spirits. As they might say in Scotland, “That’s a bit more sour than a good whisky without ice!” US President Donald Trump, who never ...

Macron to Host Europe Leaders for Ukraine Security Summit

This is Beirut, 27/03 09:05 - Reading : 4 minute(s)

Emmanuel Macron Europe Ukraine Volodymyr Zelensky NATO

French President Emmanuel Macron on Thursday is to host European leaders including President Volodymyr Zelensky for a summit aimed at boosting Ukrainian security ahead of any potential ceasefire with Russia. The meeting is seeking to set out what security guarantees Europe can offer Ukraine once a ceasefire deal is agreed, including the possible ...

Defense: As the US Disengages, Turkey Eyes the Old Continent

Malo Pinatel, 26/03 10:00 - Reading : 6 minute(s)

Turkey European Union Donald Trump Europe Middle East

While the world’s attention was fixed on the March 12 summit between Ukraine and the United States in Jeddah, Saudi Arabia, another important meeting was taking place in the region – in Ankara. It brought together Polish Prime Minister Donald Tusk and Turkish President Recep Tayyip Erdoğan, with the aim of strengthening ties between the ...

Stocks Up as Fears Ease Over Next Trump Tariffs

This is Beirut, 25/03 16:15 - Reading : 3 minute(s)

Donald Trump Europe New York USA Washington

Wall Street clung to strong gains and European stocks rose on Tuesday over easing concerns about the next round of tariffs from US President Donald Trump. The Dow, the broad-based S&P 500 and the tech-heavy Nasdaq were all up around 0.1 percent in early deals, following a rally fuelled by technology stocks the previous day. Sentiment was buoyed ...

Europe