This is Beirut, 12/04 12:25 - Reading : 4 minute(s)
Iraq Iran Sanctions US economy
Every Friday, Alawi crosses the border from Iran into Iraq to sell his produce in the markets of Basra, which serve as a haven for Iranians grappling with economic sanctions. He is just one of many Iranian peddlers who endure the arduous journey into southern Iraq through the Chalamja border crossing. They bring essential goods such as chicken, ...
This is Beirut, 09/04 05:45 - Reading : 4 minute(s)
United States China Tariffs Economy Markets
US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies against Chinese goods, dramatically ramping up a devastating global trade war. Following the imposition of sweeping 10 percent tariffs have rocked the global economy since coming into force over the weekend, rates ...
Christiane Tager, 08/04 22:40 - Reading : less than a minute
Donald Trump USA India economy Tariffs
Over 80% of the world’s rough diamonds are polished in India, cementing the country’s status as the global epicenter of brilliance. Yet, the sparkle of this thriving industry is under threat. A 27% US tariff, introduced by Donald Trump, casts a long shadow over India’s diamond trade, while retaliatory measures from India add fuel to the ...
Mario Chartouni, 07/04 21:00 - Reading : 3 minute(s)
Economy free trade Commerce Deficit
If there is one thing on which the vast majority of serious economists agree, whether they lean politically left or right, it is that free trade and commerce are beneficial to a nation. Yet, this truth is being contested today. Trade deficits are generating a lot of ink in the media, and they are being used to justify counterproductive policies. ...
This is Beirut, 07/04 05:15 - Reading : 5 minute(s)
United States Donald Trump Economy Markets
Asian markets took a huge plunge Monday as US futures pointed to significant losses on Wall Street over Donald Trump's punishing tariffs, even as countries sought compromise with the defiant president. Trump denied Sunday he was intentionally engineering a selloff and insisted he could not foresee market reactions, saying he would not make a ...
This is Beirut, 05/04 05:20 - Reading : 2 minute(s)
United States Donald Trump Tariffs Economy
President Donald Trump goaded China on Friday after the United States' chief economic rival retaliated against his tariffs, and he dismissed falling stock markets over the growing global trade war, touting it as a chance to "get rich." "China played it wrong, they panicked -- the one thing they cannot afford to do!" Trump ...
This is Beirut, 01/04 04:50 - Reading : 4 minute(s)
United States Donald Trump Economy Trade
US President Donald Trump said Monday he would be "very kind" to trading partners when he unveils further tariffs this week, risking global turmoil to address what he says are unfair trade imbalances. Trump -- who has been making unprecedented use of presidential powers since taking office in January -- said he could announce as early ...
Salam El Zaatari, 27/03 09:30 - Reading : 3 minute(s)
Lebanon Banks Central Bank Economy
Imagine a ship caught in a storm – battered, leaking and listing dangerously – while its crew argues not over how to navigate to safety, but whether to abandon ship entirely or simply repaint the deck. This is Lebanon today: a country sinking under the weight of a financial collapse, and yet, paralyzed by a bitter ideological struggle over ...
This is Beirut, 26/03 12:40 - Reading : less than a minute
Rating agency Moody's warned that internal and geopolitical tensions could weaken the Israeli economy, particularly the key high-tech sector. According to Moody's, uncertainty about long-term security and the economic outlook are higher than usual, which could have serious consequences for the country's public finances and institutional ...
This is Beirut, 18/03 14:20 - Reading : 1 minute(s)
Ministerial sources said that the Cabinet will continue discussions on the mechanism of administrative appointments on Friday. The focus will be on addressing gaps in the plan originally prepared by Minister Mohammad Fneish and approved by Prime Minister Saad Hariri’s government in 2010—a plan that was never implemented due to a legal ...
This is Beirut, 15/03 08:15 - Reading : 3 minute(s)
On the surface, there is an intention to build a nation based on institutions, transparency and proper governance. However, in reality, Kulluna Irada has become nothing more than a breeding ground for theft, corruption, deception and falsification, all with destructive objectives for the country. The association, which was originally tasked with ...
This is Beirut, 15/03 04:50 - Reading : 4 minute(s)
United States Politics Economy Shutdown
The United States averted a government shutdown with hours to spare Friday as lawmakers already reeling from President Donald Trump's radical federal spending cuts voted to keep the lights on through September. Facing a midnight deadline to fund the government or allow it to start winding down, Democrats dropped plans for a blockade on a ...