This is Beirut - US Treasury

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

This is Beirut, 29/04 16:00 - Reading : 3 minute(s)

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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

This is Beirut, 28/04 11:05 - Reading : 3 minute(s)

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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 ...

Washington: Hezbollah’s Financing and Disarmament are Interconnected

Bassam Abou Zeid, 26/04 18:40 - Reading : 2 minute(s)

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Combating the financing of terrorism was a central topic for the official Lebanese delegation at the Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington. The most significant discussions were held with US Treasury Department officials, particularly involving Finance Minister Yassine Jaber and Central Bank ...

Iran Slams US Sanctions as ‘Hostile’ Ahead of New Round of Talks

This is Beirut, 23/04 12:55 - Reading : 2 minute(s)

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Iran's foreign ministry on Wednesday condemned new US sanctions targeting its oil network, calling the move a sign of Washington's "hostile approach" ahead of a third round of nuclear talks. In a statement, foreign ministry spokesman Esmaeil Baqaei said the US policy of imposing sanctions on the Iranian people was a "clear ...

Trump to Meet Japan Envoy for Tariff Negotiations

This is Beirut, 16/04 14:25 - Reading : 3 minute(s)

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US President Donald Trump said he will join negotiations on Wednesday with Japan's envoy for tariffs, after both countries expressed confidence in striking a mutually beneficial outcome. Trump issued a 90-day pause last week on his 24-percent tariffs on Japan, the biggest investor into the United States and its close strategic and economic ...

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)

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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)

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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)

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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 ...

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