This is Beirut, 28/10 13:25 - Reading : 1 minute(s)
US online retail giant Amazon said Tuesday that it is eliminating 14,000 jobs to streamline its operations as it invests in artificial intelligence, without saying where the cuts will come. Amazon said in a statement the reductions were a "continuation" of its efforts "to get even stronger by further reducing bureaucracy, removing layers, and ...
This is Beirut, 28/10 09:05 - Reading : 3 minute(s)
Gulf Middle East Saudi Arabia Investment Economy FII
Saudi Arabia welcomes heads of state and the global business elite at a major investment conference this week as it seeks support for its sprawling "gigaprojects" and sky-high AI ambitions. Chinese Vice President Han Zheng, joined by several ministers and more than 150 business leaders, and Syria's interim president are among the guests at the ...
This is Beirut, 27/10 13:45 - Reading : 2 minute(s)
Donald Trump United States Canada Economy
US President Donald Trump said on Monday that he would not meet with Canada "for a while," as Prime Minister Mark Carney offered an olive branch to resume trade talks. Trump announced he would be hiking tariffs on Canadian goods by an additional 10 percent and terminated all trade talks following what he called a "fake" anti-tariff ad campaign ...
Liliane Mokbel, 23/10 17:20 - Reading : 2 minute(s)
Banks Damascus Syria Lebanon economy
The Central Bank of Syria has given domestic banks a six-month deadline to fully provision their claims on the Lebanese banking sector, estimated at $1.6 billion, according to a circular cited by Reuters. The directive does not specify the exact nature of these claims – whether deposits, placements or financial investments – making their ...
This is Beirut, 21/10 18:00 - Reading : less than a minute
Lebanon’s Consumer Price Index rose 0.6% in September 2025, compared with August 2025, according to official data. Year-on-year inflation reached 15.06%. At the governorate level, monthly increases varied significantly: Mount Lebanon, +0.90%; Beqaa, +0.69%; Nabatieh, +0.64%; Beirut, +0.27%; South Lebanon, +0.22%; and North Lebanon, ...
Christiane Tager, 18/10 16:00 - Reading : 3 minute(s)
The frenzy that gripped the cocoa market seems to be fading. In December 2024, the price per ton hit nearly $12,000, a historic high driven by fears of a worldwide shortage. However, since the summer of 2025, prices have dropped below $6,000, reaching their lowest point since February 2024, according to Bloomberg. This shift signals the end of a ...
Christiane Tager, 17/10 12:15 - Reading : 2 minute(s)
International Monetary Fund Markets economy stocks
Since January, major stock indices such as the S&P 500, Nasdaq and Euro Stoxx have shattered records. Fueled by surging optimism around artificial intelligence, global finance seems to be reliving its golden era. Yet beneath this spectacular rise, the ground is quaking. Every peak is followed by a dark day. In just hours, billions of dollars could ...
Liliane Mokbel, 15/10 16:50 - Reading : 2 minute(s)
Turkey Lebanon economy gold silver
Lebanese buyers are increasingly turning to precious metals, especially gold and silver, whose international prices have been climbing steadily to record highs. These days, it can take up to a week to obtain a gold bar and nearly two weeks for a kilogram of silver. A few weeks ago, people had to spend over an hour in line to make a purchase. The ...
Marie-Christine Tayah, 14/10 16:00 - Reading : 2 minute(s)
Taylor Swift Music Culture Economy Art Star
Dominating music charts, Taylor Swift leads in multiple areas, establishing herself as a worldwide sensation. The American star creates rare ripple effects across music, fashion and even finance. At 35, after announcing her engagement to American football player Travis Kelce this summer, Swift triggered an immediate reaction from millions of fans ...
Christiane Tager, 14/10 12:30 - Reading : 2 minute(s)
Saudi Arabia United Arab Emirates Tourism Economy Lebanon
In the 2010s, Lebanon ranked among the world’s top tourist destinations, celebrated for its festivals, crowded beaches, boutique hotels and award-winning cuisine. Tourism then accounted for nearly a fifth of GDP and was at the very heart of the economy. Today, that postcard-perfect image has faded. Two years after a brief recovery, the sector ...
This is Beirut, 10/10 19:55 - Reading : 1 minute(s)
Paris Fashion Week mode economy
Every year, the French capital doesn’t just host the world’s top fashion shows; it drives the industry’s economy. According to the Fédération de la Haute Couture et de la Mode, Paris Fashion Week generates around €1.2 billion in economic impact for the city. Over several weeks, more than 110 haute couture and ready-to-wear shows unfold, ...
Christiane Tager, 10/10 11:30 - Reading : 4 minute(s)
Lebanon economy agriculture poultry market exports
With fields overflowing and fridges full, Lebanon’s potato and poultry producers are pleading with the government: curb chaotic imports, reopen land exports to Arab markets and guarantee fair prices to ensure their survival. The situation is both serious and absurd. In the agricultural sector, the talk is no longer about the weather but about ...