This is Beirut - US Treasury

Dollar Plunges, Stocks Wobble Over Trade War Turmoil

This is Beirut, 11/04 19:55 - Reading : 4 minute(s)

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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 ...

Trump Tells US Treasury to Stop Minting New Pennies

This is Beirut, 10/02 09:25 - Reading : 2 minute(s)

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US President Donald Trump said Sunday he had told the Treasury to stop producing penny coins, presenting it as an effort to cut down on government spending. "For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!" Trump wrote on his Truth Social platform. "I have instructed my ...

Trump Administration Imposes First Sanctions on Iranian Oil Shipments to China

This is Beirut, 06/02 18:45 - Reading : 1 minute(s)

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The US Treasury announced financial sanctions on Thursday, the first under the new administration of Donald Trump, that target an "international network" accused of shipping Iranian oil to China to fund Tehran's military activities. The sanctions target the network for "facilitating the shipment of millions of barrels of Iranian crude oil worth ...

Musk Takes Reins of US Treasury Payments, Sparking Lawsuit

This is Beirut, 04/02 09:20 - Reading : 3 minute(s)

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Elon Musk and his aides have taken control of the US Treasury Department's payments system, triggering a lawsuit charging he is illegally getting access to private data of millions of Americans. Musk, the world's richest person, is leading President Donald Trump's federal cost-cutting efforts under the so-called Department of Government ...

Syria's Economy Reborn After Being Freed from Assad

This is Beirut, 23/01 16:25 - Reading : 4 minute(s)

US Treasury Economy Syria imports foreign trade

When Bashar al-Assad ruled Syria, merchants like Youssef Rajab kept much of their imported stock hidden for fear of arrest for breaking the law. But after an Islamist-led coalition toppled Assad in a lightning offensive last month, Rajab put previously banned foreign goods such as chocolate, biscuits and shampoo back on the shelf. Such products ...

US Sanctions Against Yemeni Bank Supporting Houthis

This is Beirut, 18/01 10:50 - Reading : 1 minute(s)

USA US Sanctions US Treasury Houthi

The US Department of the Treasury announced on Saturday a series of sanctions targeting a Yemen-based bank (Yemen Kuwait Bank for Trade and Investment Y.S.C), for its financial support of Ansar Allah forces (another name given to the Houthis). Designated a terrorist organization by the United States, “the Houthis continue to attack US military ...

The Augean Stables Trump Must Clean Up

Mario Chartouni, 14/01 20:35 - Reading : 4 minute(s)

Donald Trump Ukraine US Treasury USA

President-elect Donald Trump faces a host of complex challenges as he prepares for his January 20 inauguration. Amid a deeply polarized America, he aims to unite the nation and tackle its pressing issues. Here are the key priorities for his presidency: The Economy: A Top Priority Trump has made the economy the centerpiece of his agenda, vowing ...

US Impose Sanctions on West Bank Settlement Organization

This is Beirut, 2024-11-19 11:50 - Reading : 1 minute(s)

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On Tuesday, the US Treasury Department, through the Office of Foreign Assets Control (OFAC), announced sanctions against Amana, an organization involved in the development of Israeli settlements in the West Bank. Amana's subsidiary, Binyanei Bar Amana Ltd (BBA), which specializes in the construction and sale of housing in the occupied ...

Asian Markets Fall Ahead of US Elections

This is Beirut, 2024-11-01 10:10 - Reading : 3 minute(s)

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Asian markets mostly fell Friday, tracking a global slide in stocks fuelled by tame tech earnings and investor jitters less than a week before neck-and-neck US elections. All three major US indices fell Thursday, with the tech-rich Nasdaq Composite Index dropping nearly three percent. Microsoft and Meta topped earnings estimates, but saw their ...

Who is Wafiq Safa, the Suspected Target of an Israeli Airstrike in Beirut?

This is Beirut, 2024-10-10 21:30 - Reading : 1 minute(s)

Hassan Nasrallah US Treasury USA

Born in 1960 in the village of Zabdine, near Nabatieh, Safa has long been an influential member of Hezbollah. As the brother-in-law of Hassan Nasrallah, he occupies a unique position within the pro-Iranian formation, blending familial ties with strategic leadership. Though often discreet, Safa is recognized for his significant role in the ...

US Sanctions Iraqi Airline, Kataeb Hezbollah Leaders

This Is Beirut, 2024-01-22 20:14 - Reading : 2 minute(s)

US Treasury

The United States imposed sanctions on the Iraqi low-cost airline Fly Baghdad on Monday, citing its alleged support for Iran's Revolutionary Guards and proxies. The sanctions also targeted leaders of an Iraq militia with pro-Iranian affiliations. The United States announced sanctions Monday on Iraqi low-cost airline Fly Baghdad, saying it ...